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Desk Operations Specialist

| Chicago

DRW is a technology-driven, diversified principal trading firm. We trade our own capital at our own risk, across a broad range of asset classes, instruments and strategies, in financial markets around the world. As the markets have evolved over the past 25 years, so has DRW – maximizing opportunities to include real estate, cryptoassets and venture capital. With over 900 employees at our Chicago headquarters and offices around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. It’s a place of high expectations, deep curiosity and thoughtful collaboration. 

As a Desk Operations Specialist, you will join our Global Trading Operations team and provide dedicated support to DRW’s Agricultural trading desks. Primary responsibilities will include trade capture, trade confirmation, reconciliation, profit-and-loss calculation and analysis, which require communication with both front office traders and back office colleagues, as well as with senior management in both departments. Highly effective communication skills are critical as you will also have regular, direct interaction with a variety of other teams across the firm, including risk management, technology, and the firm’s partnership. The ability to work in a stressful environment while maintaining a high degree of professionalism is paramount.

DRW is a fast-paced, constantly evolving environment and you will be expected to keep pace. Projects are turned around rather quickly and the variety of work can be impressive. This is a great opportunity for those accustomed to larger institutions where you are focused on a single product to extend your product knowledge to other areas.

Responsibilities:

  • Provide ownership for and mastery of the processes and workflows needed to support standard operational and trader assistant functions of the firm’s Agricultural trading desks
  • Trade and position reconciliation with the firm’s clearing firms, prime brokers, and bilateral counterparties
  • Daily P&L calculation and substantiation: while supporting each desk’s preferred method of aggregating and reporting P&L, ensure that such workflow conforms to and integrates with DRW’s standards
  • Mastery of the firm’s proprietary and third party trade capture, inventory management, and P&L reporting systems necessary to support the desks’ activity
  • Ownership of the confirmation workflow for bilateral trades
  • Act as process super-user for current workflows, resolving issues that may arise between internal groups at DRW and multiple external exchanges, clearers, and counterparties
  • Act as process super-user for current systems, providing critical support and advice regarding needed enhancements to technology, workflows, and processes
    • Strong understanding of traders’ individual risk management tools and support of related traders’ needs
    • Upgrading and support of traders’ tools to take advantage of technologies and tools that are firm standard
  • Liaise with technical personnel to secure proper support/coverage for ongoing operations as well as procure enhancements for insufficient or new workflows. Focus should always be on process efficiency, risk reduction, and alignment with DRW standards
  • Work closely with Business Liaison team to assure new desks, traders, and products are on-boarded correctly

Required Experience:

  • 3-5 years of experience in a front office, middle office, back office, or risk management role working with both bilateral and exchange-traded derivatives
  • Previous experience in the trading of bilateral, OTC Agricultural products preferred
  • Substantial prior interaction with front office and senior management personnel in an active trading environment preferred
  • Bachelor’s degree in finance, economics or another quantitative field, or material equivalent exposure
  • Demonstrated ability to independently to analyze problems, synthesize / implement solutions thereto
  • Strong MS Excel background required
  • While previous experience with SQL and VB/VBA or another scripting language is highly preferred, the candidate will be required to gain proficiency in SQL, VBA, and Python in relatively short order once on the job
  • Previous experience with WhenTech is advantageous
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Technology we use

  • Engineering
    • .NETLanguages
    • C#Languages
    • C++Languages
    • GolangLanguages
    • JavaLanguages
    • JavascriptLanguages
    • PerlLanguages
    • PythonLanguages
    • RubyLanguages
    • ClojureLanguages
    • ElixirLanguages
    • D3JSLibraries
    • jQuery UILibraries
    • ReactLibraries
    • ReduxLibraries
    • Twitter BootstrapLibraries
    • ASP.NETFrameworks
    • Node.jsFrameworks
    • Ruby on RailsFrameworks
    • PhoenixFrameworks
    • Microsoft SQL ServerDatabases
    • MongoDBDatabases
    • OracleDatabases
    • PostgreSQLDatabases
    • RedisDatabases
    • RiakDatabases

Location

Situated in Chicago's thriving West Loop, our HQ is convenient for Metra and CTA riders alike - and foodies looking for a bite on "Restaurant Row."

An Insider's view of DRW

How does your team reward individual success?

Our team acknowledges individual success and provides an environment to further new ideas. The team then ensures higher management is aware of your contribution. These accomplishments become part of the individual’s and team’s record at the end of the year. This approach I believe has led to a lot of innovations on my team.

Kumbi

Network Engineer

What kinds of technical challenges do you and your team face?

During my internship in Chicago, I built models in python, ones that are still used on that desk today. The next summer, I returned as a full-time trading analyst and picked up right where I left off. I focus on systematic research and the development and execution of new strategies for the foreign exchange (FX) options desk in Chicago.

Alex

Quantitative Trading Researcher

What are some things you learned at the company?

We’re free to choose the technology stack that best solves each individual problem, so the learning happens project to project. I started programming in C#, but changing teams exposed me to a new suite of languages that I’m now working in regularly

Carissa

Software Engineer

How do your team's ideas influence the company's direction?

Working on the risk team, I combine the principles of risk management and computer science. I help direct how we take risk across the organization, and ensure reliability with the use of really innovative tech.

Brawnski

Software Engineer

What are some social events your company does?

DRW is not all work, all the time. We offer a number of activities and events for all interests, like monthly wine tastings, sports leagues, hobby clubs and movie outings to name a few.

Michelle

Systems Team Lead

What are DRW Perks + Benefits

Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Performance Bonus
Child Care & Parental Leave Benefits
Child Care Benefits
Generous Parental Leave
Flexible Work Schedule
Family Medical Leave
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Free Daily Meals
Game Room
Stocked Kitchen
Some Meals Provided
Happy Hours
Recreational Clubs
Relocation Assistance
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement

Additional Perks + Benefits

Daily catered breakfast and lunch. On-site yoga and meditation classes. Trivia nights. Chair massages. Wine Tastings. Mentorship Program. Game Tournaments. Speaker Series and "Geek Lunches".

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