DRW

Trading Fee Specialist

DRW  •  $120k - $150k/yr  •  Chicago, IL (Onsite)  •  6 days ago
Apply
AI can make mistakes so check important info. Chat history is never stored.

Job Description

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.

As a Trading Fee Analyst, you will have an opportunity to rapidly develop your accounting and analysis skills in a fast-paced and technology-driven environment that is made of up a diverse set of trading businesses and other private investments.

What you’ll do in this role:

  • Validate exchange rebate invoices from exchanges and brokers for accuracy against fee schedules, trade activity, and contractual terms.
  • Investigate and resolve discrepancies, working with exchanges, brokers, and internal stakeholders to obtain corrected invoices or adjustments as needed.
  • Collaborate with Accounts Payable to ensure timely and accurate payment of exchange and brokerage invoices, including proper coding, approval workflows, and payment reconciliations.
  • Partner with Accounting to ensure all spend is properly accounted for in the general ledger.
  • Analyze fee trends, rebate programs, and cost-saving opportunities; prepare management-friendly reports and dashboards; drive data-driven process improvements.
  • Work with Operations to ensure fee and rebates are appropriately captured in back office systems ensuring clean reconciliations with banks and brokers.
  • Own accrual reconciliation process while working to enhance completeness and accuracy.
  • Act as a subject matter expert for exchange rebate programs. Prepare fee reporting by product and exchange. Analyze fee trends, rebate programs; address ad-hoc request for information to management.
  • Collaborate on cross-functional projects to optimize end-to-end trade lifecycle processes and control environments.

What you’ll need for this role:

  • Bachelor’s degree in Finance, Accounting, Economics, or a related field
  • 7-10+ years of previous experience working in trading firms, prime brokerage, hedge funds, or other similar asset management firms preferred
  • Strong organization skills and detail orientation, with ability to prioritize, multitask and effectively
  • Strong analytical and critical-thinking skills; demonstrated ability to identify issues, assess options, and implement solutions.
  • Advanced Excel skills (pivot tables, VLOOKUP, index/match, dashboards).
  • Familiarity with accounting processes (AP, GL, month-end close) and internal control frameworks.
  • Excellent communication and collaboration skills; proven ability to work with cross-functional teams (AP, Accounting, Operations, Front Office).

The annual base salary range for this position is $120,000 to $150,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice

California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice

#LI-DW1

DRW

About DRW

At DRW, we identify and capture trading and investment opportunities globally. What sets us apart is our diversified approach—trading across many asset classes and instruments, in markets around the world, with horizons from seconds to years. We succeed by leveraging technology, research and risk management.

We offer the best of both worlds: the opportunity and spirit of a startup and the benefits and stability of an established, experienced firm. Our employees work hard to solve interesting problems, and their results are rewarded. We value continuous learning—from our outcomes, from the environment and from each other. It’s a place of high expectations, deep curiosity, and constant collaboration, with some of the smartest, most passionate people you’ll meet.

//

Chez DRW, nous identifions et saisissons les opportunités de négociation et d'investissement au niveau mondial. Ce qui nous différencie, c'est notre approche diversifiée : nous négocions sur de nombreuses classes d'actifs et d'instruments, sur des marchés du monde entier, avec des horizons allant de quelques secondes à plusieurs années. Nous réussissons en nous appuyant sur la technologie, la recherche et la gestion des risques. Nous offrons le meilleur des deux mondes: les opportunités et l'ésprit d’une entreprise en démarrage, et les avantages et la stabilité d'une entreprise établie et expérimentée. Nos employés travaillent dur pour résoudre des problèmes intéressants et leurs résultats sont récompensés. Nous valorisons l'apprentissage continu – de nos résultats, de l’environnement et de chacun de nous. C’est un lieu où les attentes sont élevées, la curiosité est profonde et la collaboration est constante, et où l’on retrouve quelques-uns des individus les plus intelligents et les plus passionnés que vous puissiez rencontrer.

Industry
Finance & Insurance
Company Size
1,001-5,000 employees
Headquarters
Chicago, IL
Year Founded
Unknown
Website
drw.com
Social Media