Trade Reconciliation Associate

Company: tastytrade 
Role: Trade Reconciliation Associate 
Location: Chicago, IL – In Person
Licensure Required: FINRA Series 7, 63, 3 licensing
 
At tastytrade, we are a leading retail trading firm dedicated to providing exceptional trading experiences and support to our clients. We strive for excellence in every aspect of our operations and are committed to providing a professional and dynamic working environment. As part of our continued growth, we are looking to add a skilled Trade Reconciliation Associate to our team. 
 
We are seeking a highly motivated and detail-oriented individual to join our Back Office Operations team as a Trade Reconciliation Associate. In this role, you will be responsible for ensuring the accuracy of trade data between internal systems and external counterparties and using your expertise to be involved in internal testing and development of new products and systems. The ideal candidate will have experience in trade reconciliation, a strong analytical mindset, and the ability to work odd hours under pressure to meet deadlines.  

What you’ll do: 

• Perform daily reconciliation of trades between internal systems and external counterparties (brokers, clearing houses, and exchanges). 
• Investigate and resolve discrepancies in trade data, ensuring that all trade details are accurate and up to date. 
• Perform cash and position reconciliation across multiple asset classes 
• Coordinate with other internal teams (e.g., trading, risk, engineering) to resolve issues and ensure smooth settlement processes. 
• Analyze and ensure proper handling of corporate actions 
• Advocacy on behalf of clients with market centers to ensure best execution and proper order handling. 
• Track and manage unmatched or broken trades, collaborating with relevant stakeholders to resolve. 
• Maintain accurate trade logs and records for auditing and compliance purposes. 
• Assist in the preparation of reports for senior management, including identifying trends or potential risks. 
• Continuously improve processes to enhance trade reconciliation efficiency and reduce errors. 
• Support the back-office team with ad-hoc tasks and projects as required. 

Who you are: 

• Bachelor’s degree in Finance, Accounting, Business, or a related field preferred but not required. 
• FINRA Series 7, 63, 3 licensing (Series 24 and 4 a plus) 
• Previous experience in trade reconciliation or back-office operations, preferably in a retail trading or financial services environment. 
• Prior experience with trade reporting and compliance related fields such as CATS and CAIS is a plus 
• Strong understanding of trade life cycles, settlement processes, and financial instruments (e.g., equities, options, futures, fixed income). 
• Proficiency in Microsoft Office Suite, with the ability to perform complex data analysis and create reports.  
• Excellent problem-solving skills and attention to detail. 
• Ability to work independently and in a team-oriented environment. 
• Strong communication skills, both written and verbal. 
• Ability to manage time effectively and meet deadlines in a fast-paced environment. 

Team Perks:  

• Performance Bonuses  
• Stock Purchase Options 
• Medical/Vision/Dental Benefits 
• 401k Plan  
• Continued Education Support  
• 20 Paid Vacation Days (plus an additional paid vacation day the month of your birthday!)  
• 10 Paid Sick Days  
• Gym Membership Reimbursement  
• Commuter Benefits  
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