Trade Operations Analyst

The Department 

The Trade Operations Group oversees post-trade operations for the Financial Risk Management practice. It is the responsibility of Trade Operations to execute cash management transactions, reconcile cash management activity, and to ensure margin and collateral requirements are met. Trade Operations Group performs the independent reconciliation and verification of all trading performed by Capital Markets Group. It also directs trade matching, clearing, and settlement activities. Additionally, the group manages dealer and custody accounts on behalf of our clients, including account opening, onboarding, maintaining dealer records and general account administration and operations.  

 

The Role 

The Trade Operations Analyst plays a key role in driving efficiencies within the Operations team and leads the day-to-day trading, cash and reporting functions for their clients. The Trade Operations Analyst is a key part of a dynamic team that works closely with the trading and portfolio management teams and other stakeholders. 

  

Your Responsibilities: 

• Identify, perform analysis, and resolve trade and settlement breaks.  

• Monitor the intraday and next day trade and cash reconciliation of client accounts.  

• Oversee high level account balances and margin requirements; execute transfers to meet margin requirements.  

• Work directly with counterparties, custodians, banks, and other interested parties to ensure all actions on the client's behalf are resolved and reconciled promptly.  

• Produce and distribute reporting to clients and third-party service providers.  

• Respond to ad-hoc requests from internal and external clients.  

• Collaborate with other areas of support including Governance & Risk Management, Portfolio Management, Capital Markets and Trading, Actuarial, Trading Technology and Legal/Compliance   

• Participate in onboarding and new initiatives.  

• Create procedures and document process flows.  

• Additional responsibilities as group continues to expand in business and complexity.  

 

Job Knowledge, Experience Skills 

Job Knowledge Required 

• Bachelor’s degree in finance, economics, or another similar and relevant program of study. 

• Basic to Intermediate knowledge of one or more of the following products: Futures, Listed Options, Cleared OTC Derivatives, Fixed Income (Bonds and ETFs), Mutual Funds, UIT(s), Equities, and Bilateral Non-Cleared OTC Derivatives.  

• Basic to Intermediate knowledge of cash and treasury management. 

• Basic to Intermediate knowledge of various aspects of the post trade life cycle from beginning to termination.  

 

Experience and Soft Skills Required  

• 1-4 years of experience in treasury, trade, or investment operations. 

• Exposure to fund accounting, global custody, or transfer agency operations.  

• Familiarity with post trade operations vendor systems.   

• Proficient in Microsoft Office with intermediate to advanced Excel capabilities.  

• Strong written and verbal communication skills.  

• Ability to work both independently and collaboratively.  

• Solid organizational skills - especially the ability to meet project deadlines with a focus on details.  

• Strong ability to work in a fast-paced, deadline-driven environment and handle multiple projects simultaneously.  

• Ability to deal with ambiguity and effectively cope with change.  

• Sharp critical thinking skills, sound judgment and decision-making ability, and both the ability and willingness to clearly articulate your ideas.  

 

Location 

Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.

 

Compensation 

The salary range for this role is $66,000 - $100,000, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc. 

 

Benefits  

At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility: 

• A 401(k) plan with matching program, and profit-sharing contribution
• Employee Assistance Program (EAP)
• A discretionary bonus program
• Paid Time Off (PT