Fixed Income Operations Analyst
DV Trading LLC · United States
- Hybrid
- Full-time
- $85,000 / year
- United States
Job highlights
- Monitor DTCC clearing fund and settlement risk.
- Reconcile and clear same-day trades.
- Manage Fixed Income Operations workflow.
- Collaborate with treasury, technology, operations.
- Requires strong attention to detail.
About the role
About Us:
Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 600 people operating throughout North America, Europe and Asia. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser.
Overview:
As an Operations Analyst, your work will involve monitoring the DTCC clearing fund, assessing settlement risk, reconciling and clearing same-day settlement trades, and balancing bank figures. In this role, you'll collaborate closely with teams across treasury, technology, and operations. Success in this fast-paced environment requires a high level of professionalism and attention to detail.
Responsibilities:
- Managing the day-to-day Fixed Income Ops workflow, primarily working with the repo desk allocating and managing financing positions.
- Mitigating credit risk by monitoring Treasury and MBS exposure and funding margin calls through cash and collateral.
- Oversee trade monitoring and reconciliation of the firm's repo positions to minimize settlement risk and ensure prompt settlements.
- Ensure Repo trading activity is accurately imported into the back-office system and submitted to DTCC.
- Serve as a liaison between both internally (Front Office, Middle Office, Risk) and externally (custodians, counterparties, 3rd party vendors, etc.).
- Optimize end-of-day balances at both BMO and BNY banks.
- Maintain and update financial records for management team.
- Support with MBS rolls, pairoffs, confirming voice broker trades, and the opening and closing of new trades.
- Verify GCF trade details and reconcile them with DTCC records.
- Opportunity to contribute to a variety of projects focused on optimizing trade workflows and advancing new technology.
- As a close-knit team, we're looking for someone who can grow alongside us and contribute to our continued success.
- This is a remote, desk-based position, but given its trading floor nature, it requires constant connectivity and real-time communication to stay fully engaged with the team and market activities.
Requirements:
- 4+ years of Fixed Income (US Treasuries and MBS) experience in a detail-oriented role in the financial markets industry, ideally in an operations capacity.
- Undergraduate degree in relevant field (e.g., Finance, Economics, Mathematics, Computer Science).
- Experience with Excel required; experience with VBA, SQL and/or scripting (i.e Python) preferred.
- High level of critical thinking and strong communication skills.
- Proven track record of success both in team settings and working independently.
- Execute routine tasks with precision and consistent reliable results.
- Capable of managing multiple tasks concurrently.
- Process a strong understanding of broader business context and ability to anticipate downstream effects.
- Expected start time of 7am ET, with potential coverage as early as 6am ET.
- SIE and Series 7 or willingness to obtain within first year.
Key skills/competency:
- Fixed Income Operations
- DTCC Clearing Fund
- Settlement Risk Assessment
- Trade Reconciliation
- Treasury Exposure Monitoring
- MBS Exposure Monitoring
- Margin Calls Management
- Back-Office Systems
- Financial Record Keeping
- VBA/SQL/Python
Skills & topics
- Fixed Income Operations
- Operations Analyst
- DTCC
- Treasuries
- MBS
- Repo Desk
- Settlement Risk
- Trade Reconciliation
- Financial Markets
- DV Trading LLC
- Excel
- VBA
- SQL
- Python
- Finance
- Economics
- Mathematics
- Computer Science
- Risk Management
- Securities Operations
How to get hired
- Tailor your resume: Highlight your 4+ years of Fixed Income (US Treasuries and MBS) experience and operations background.
- Showcase technical skills: Emphasize proficiency in Excel, and any experience with VBA, SQL, or Python.
- Demonstrate soft skills: Provide examples of critical thinking, strong communication, and independent/teamwork success.
- Prepare for early starts: Be ready to discuss your availability for a 7am ET start time.
- Express interest in licensing: Mention your willingness to obtain SIE and Series 7.
Technical preparation
Master Excel functions and formulas.,Practice SQL queries for data analysis.,Learn VBA for Excel automation.,Explore Python for scripting tasks.
Behavioral questions
Describe managing multiple tasks concurrently.,Give an example of mitigating risk.,How do you ensure precision in tasks?,Share experience working in a team.
Frequently asked questions
- What is the typical career path for a Fixed Income Operations Analyst at DV Trading LLC?
- While specific paths vary, a Fixed Income Operations Analyst at DV Trading LLC can progress into more senior operational roles, specialize in specific asset classes, move into middle office or risk management, or even transition into project management for technology and workflow optimization initiatives within the operations department. Your growth will be supported by the company's expansion and commitment to developing talent from within.
- What is the work environment like for a Fixed Income Operations Analyst at DV Trading LLC?
- The environment is fast-paced and requires high professionalism and attention to detail. As a remote, desk-based position, it necessitates constant connectivity and real-time communication to stay fully engaged with the team and market activities, reflecting the dynamic nature of trading floor operations.
- What are the expected working hours for this Fixed Income Operations Analyst role?
- The role has an expected start time of 7am ET, with potential coverage needed as early as 6am ET, reflecting the need for real-time market engagement in financial operations.
- Does DV Trading LLC offer opportunities for professional development for Operations Analysts?
- Yes, DV Trading LLC emphasizes growth alongside the company. The job description mentions opportunities to contribute to projects focused on optimizing workflows and advancing new technology, suggesting a supportive environment for professional development and skill expansion.
- What specific financial products are central to the Fixed Income Operations Analyst role at DV Trading LLC?
- The role specifically focuses on Fixed Income products, with a strong emphasis on US Treasuries and Mortgage-Backed Securities (MBS). Experience with repo desk operations, financing positions, and MBS rolls is essential.
- What kind of technical skills are preferred for the Fixed Income Operations Analyst position?
- While strong Excel skills are required, the company prefers candidates with experience in VBA, SQL, and/or scripting languages such as Python. These skills are valuable for data management, automation, and workflow optimization.
- Is there a requirement to obtain specific licenses for the Fixed Income Operations Analyst role?
- Yes, candidates are expected to have their SIE and Series 7 licenses or be willing to obtain them within their first year of employment.