Fixed Income Operations Analyst
DV Trading LLC · United States
- Hybrid
- Full-time
- $95,000 / year
- United States
Job highlights
- Monitor DTCC clearing fund and settlement risk.
- Reconcile and clear same-day settlement trades.
- Manage Fixed Income Ops workflow and financing positions.
- Collaborate with treasury, technology, and operations teams.
- Remote position with trading floor communication needs.
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
- Settlement Risk
- Trade Reconciliation
- Treasury and MBS Exposure
- Margin Calls
- Back-Office Systems
- Financial Records Management
- Proprietary Trading
- Financial Markets
Skills & topics
- Fixed Income Operations
- Operations Analyst
- DTCC
- Settlement Risk
- Treasury
- MBS
- Repo Desk
- Financial Markets
- Proprietary Trading
- DV Trading LLC
How to get hired
- Tailor your resume: Highlight your 4+ years of Fixed Income (US Treasuries and MBS) experience and operations background. Emphasize skills in DTCC, settlement risk, and financial reconciliation.
- Showcase technical skills: Clearly list your proficiency in Excel and any experience with VBA, SQL, or Python scripting. Mention your degree in a relevant field.
- Demonstrate critical thinking: Provide examples of your ability to manage multiple tasks, work independently, and anticipate downstream effects in your cover letter or resume.
- Prepare for early starts: Note your availability for the expected 7 am ET start time and confirm your willingness to obtain SIE and Series 7 licenses.
- Emphasize communication: Be ready to discuss how you maintain constant connectivity and real-time communication in a remote, trading floor-like environment.
Technical preparation
Master Excel for financial analysis.,Practice VBA, SQL, or Python for automation.,Study Fixed Income (US Treasuries, MBS).,Understand DTCC clearing and settlement.
Behavioral questions
Describe managing multiple concurrent tasks effectively.,How do you ensure precision in routine tasks?,Give an example of anticipating downstream effects.,How do you maintain communication remotely?
Frequently asked questions
- What is the primary focus of the Fixed Income Operations Analyst role at DV Trading?
- The Fixed Income Operations Analyst role at DV Trading focuses on managing the day-to-day operations workflow for fixed income, particularly with the repo desk. This involves monitoring DTCC clearing, assessing settlement risk, reconciling trades, and balancing bank figures, ensuring smooth and accurate financial transactions.
- What specific financial instruments are central to this Fixed Income Operations Analyst position?
- This role is heavily focused on Fixed Income instruments, specifically US Treasuries and Mortgage-Backed Securities (MBS). Experience with these is a core requirement for the Fixed Income Operations Analyst.
- What technical skills are most important for the Fixed Income Operations Analyst at DV Trading?
- Proficiency in Excel is required for the Fixed Income Operations Analyst. Experience with VBA, SQL, and scripting languages like Python is preferred, as these tools are valuable for optimizing trade workflows and data management.
- Is the Fixed Income Operations Analyst position remote or on-site?
- The Fixed Income Operations Analyst position is a remote, desk-based role. However, due to the trading floor nature of the work, it requires constant connectivity and real-time communication to stay engaged with the team and market activities.
- What are the typical working hours for the Fixed Income Operations Analyst at DV Trading?
- The expected start time for the Fixed Income Operations Analyst is 7 am ET, with potential coverage needed as early as 6 am ET. This emphasizes the need for early availability in this role.
- Does DV Trading offer opportunities for professional growth for the Fixed Income Operations Analyst?
- Yes, DV Trading emphasizes growth within its close-knit team. The role offers the opportunity to contribute to projects optimizing trade workflows and advancing new technology, allowing the Fixed Income Operations Analyst to grow alongside the company.
- What kind of collaboration can a Fixed Income Operations Analyst expect at DV Trading?
- A Fixed Income Operations Analyst will collaborate closely with various internal teams, including treasury, technology, and operations. They will also act as a liaison with external parties such as custodians, counterparties, and third-party vendors.