Trade Operations Associate (Early Shift)

Gelber Group•Chicago, IL

3d•$50,000 - $70,000•Onsite

About The Position

We are Gelber Group -- Passion for Trading. Powered by Technology. For 40 years, we have set the bar as one of the industry’s most innovative and enduring proprietary trading firms. We are headquartered in Chicago with offices and remote team members across the United States and Europe. Our success derives from a relentless pursuit of new trading ideas and careful attention to technology. Our culture of entrepreneurship, innovation and collaboration empowers each member of our team to have a meaningful impact from the day they join Gelber. We believe our talented staff are our greatest asset and we are committed to providing them the resources they need to succeed. With 16 distinct trading groups, we trade a little bit of everything here – with diverse styles and approaches across all major global marketplaces – and we are always looking to expand into new opportunities. Our flat organizational structure ensures a true meritocracy and attracts individuals with an edge to contribute to our consistent success. As a Trade Settlement Associate focused on Futures and Equities at Gelber, you will have a real opportunity to have a long-term career in Operations at a successful trading firm. You will work side by side with not only several teams within Operations but interact with traders that trade across many different asset classes. This role is for someone who flourishes in a fast-paced environment, has a strong work ethic, clear communication, and has a strong interest in growing their career within operations and back office in capital markets. This position will report directly into the Trade Operations Manager who reports directly into the Chief Operating Officer. You will also have many opportunities to interact with different managers within settlements for additional exposure. This position will require in person presence in our Chicago office located in River North right next to the Merchandise Mart and convenient to public transportation. This position will initially require 4-5 days per week onsite, with potential for more days remote per week in the future. (This is an early morning shift role, with standard working hours 6am to 2pm Central Time). You will be required to work some holidays, due to when the exchanges are open in other countries.

Requirements

Bachelor’s Degree
0-3 years of work experience in an operational position
Basic knowledge using SQL, Excel, and Outlook
Interest in Capital Markets
Strong critical thinking skills, high attention to detail, ability to multi-task, and a strong sense of urgency
Willingness to cross train in all areas of Settlements across many different asset classes including FX, Futures, Treasuries, and Equities
Ability to work AM shift from 6am to 2 pm central, Monday through Friday
Willingness to work some holidays due to when exchanges are open in other countries.

Responsibilities

Monitoring and overseeing trading activity in all asset classes traded looking for potential issues and following up with those traders at Gelber
Working with third parties such as Brokers or Clearing Firms
Working closely with not only all trading groups, but senior management, and across all of back/middle office
Analyze and problem solve position and P&L breaks between traders and back-office systems
Oversight of the trade life cycle from verifying execution, to booking, to settlement of the trade
As your career progresses, the opportunity to bring settlements and clearing together by developing skills across both areas and training others at Gelber
Daily balancing to our Prime Brokers

Benefits

Traditional and Roth 401(k) retirement program with discretionary employer match
Comprehensive health benefits including medical coverage provided by Blue Cross and Blue Shield (PPO and HDHP/HSA) and dental coverage; generous employer cost-sharing
Tuition reimbursement for Undergraduate and Graduate courses
Flexible Spending Accounts for health care and dependent care; pre-tax commuter benefits for parking and transit expenses
Life insurance and long-term disability coverage
Health club membership with on-site facilities (and reciprocal memberships)
Generous vacation time (23-day accrual in first full calendar year of employment; prorated accrual in initial year), paid holidays, and paid maternity/paternity leave
Weekly catered lunches and monthly continental breakfasts
Social events including sponsored 5k races and annual company party
Enjoyable work environment including golf simulator
Employee referral bonus program
Charitable giving and company matching opportunities
Casual, relaxed dress code