Trading Operation Specialist - Energy Trading at DRW
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 1200 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 Trading Operations Specialist, you will join our Global Trading Operations team and provide dedicated support to DRW’s Energy 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.
What you’ll do in this role:
- Provide ownership for and mastery of the processes and workflows needed to support standard operational and trader assistant functions of the firm’s Energy trading desks
- Trade and position reconciliation with the firm’s clearing firms and prime brokers
- 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
You’ll be right at home if you have:
- 2+ years of experience working in finance or trading
- Prior interaction with front office and senior management teams in an active trading environment preferred
- Previous experience supporting energy trading highly preferred
- Ability to work with databases, and utilize data from APIs preferred
- Strong MS Excel skills
- 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
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