Senior Associate - GTO Middle Office - PnL & Valuation

DRW•Chicago, IL

About The Position

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. The firm values autonomy and the ability to quickly pivot to capture opportunities, operating using its own capital and trading at its own risk. Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, DRW trades a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. The firm has also leveraged its expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets. DRW operates with respect, curiosity and open minds, seeking individuals who share its belief that it’s not just what is done that matters, but how it is done. It is a place of high expectations, integrity, innovation and a willingness to challenge consensus. As a Senior Associate - GTO Middle Office - PnL & Valuation, you will join the Global Trading Operations team and provide dedicated support to DRW’s trading desks. Primary responsibilities will include reconciliation, profit-and-loss calculation and analysis, requiring 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.

Requirements

3+ years of experience in middle or back office with strong knowledge and expertise in derivative valuations
The ability to navigate and analyze P&L across various asset types
Bachelor’s degree in finance, economics or material equivalent exposure
Demonstrated ability to independently and quickly solve problems
Able to perform repeatable tasks with consistent results
Able to handle sensitive financial data appropriately

Nice To Haves

Prior interaction with front office and senior management teams in an active trading environment preferred
Ability to work with databases, and utilize data from APIs preferred
Strong MS Excel skills, including VBA experience
Python coding skills preferred but not required

Responsibilities

Provide ownership for and mastery of the processes and workflows needed to support standard operational functions of the firm’s trading desks
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
Gain mastery of the firm’s proprietary and third-party trade capture, inventory management, and P&L reporting systems necessary to support the desks’ activity
Act as process super-user for current workflows and systems, resolving issues that may arise between internal groups at DRW and multiple external exchanges, clearers, and counterparties; provide critical support and advice regarding needed enhancements to technology, workflows, and processes
Develop strong understanding of traders’ individual risk management tools and support of related traders’ needs
Upgrade and support 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 and implement enhanced workflows, with a focus 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