Chicago
45 days ago
Operations Specialist - FI & Rates

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. We value autonomy and the 
ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our 
own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety 
of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major 
global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it.

DRW is a place of high expectations, integrity, 
innovation and a willingness to challenge consensus.

The successful candidate for the Middle Office Operations Specialist role will be a mature self-starter 
who has demonstrated the ability to function independently in a fast-paced, dynamic and demanding 
environment. This person needs to be able to resolve conflict within a short period of time. This person 
will be intellectually curious, intuitive, trustworthy, and have the highest ethical standards. In addition, 
he/she will be effective addressing a number of internal and external audiences in a professional 
manner. This person will add value by working on a number of simultaneous tasks with minimal 
supervision and exemplary follow-through. Complete ownership of tasks and responsibilities will be 
integral to individuals' success and role fulfillment. 

Duties and responsibilities
• Daily trade support with the intentions of process improvement for operational control 
within fixed income & global rates macro businesses
• Ensure accurate trade capture, position management & inventory continuity day over 
day
• Front to back reconciliation of life cycle events for futures, listed options, bonds, repos 
& interest rate derivatives
• Understand the settlement process for OTC products
• Project management between trading and internal teams
• Liaison between trading and counterparties to resolve pricing/risk/allocation 
inaccuracies
• Responsible for reconciliation of Risk and P&L
• Monitor trade flow from electronic trading platforms: Bloomberg, TradeWeb, etc… and 
affirmation platforms Markitwire
• Act as process owner for current functionality and provide critical support regarding 
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
• Interfacing with technology in solicitation of improvement to the firm’s tools 
and technology where they fall short of meeting the desk’s needs
• Adoption, integration, and promotion of new technology as it becomes available

Qualifications:
• Minimum of a bachelor’s degree (or foreign equivalent). Preference for finance, 
economics, applied mathematics, physics, engineering, or computer science, or related 
quantitative field.
• Minimum of 2-3 years’ experience in fixed income securities or derivatives middle office, 
operations or financial control support
• Knowledge of and familiar with financial markets, fixed income products & derivatives 
(US Government, Agencies, Exchange Traded Futures/Options, Swaps, Swaptions)
• Basic knowledge / understanding of 1st order interest rate risk (Duration, Curve) and 
familiarity with yield curves
• Experience with MarkitWire/streetwide affirmation platforms and Dealer/Prime Broker 
portals
• SQL/Python/Power Query experience preferred
• Proficiency in Excel and SQL database integration
• Excellent English, grammar, written and oral communication skills
• Strong organizational skills, attention to detail, ability to independently to analyze 
problems, synthesize and implement solutions
• Proven track record of process improvement

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