Mid Office Analyst

Posted 14 Hours Ago
Chicago, IL
Hybrid
Mid level
Fintech • Software
IMC is a proprietary trading firm and market maker in various products listed on exchanges globally.
The Role
As a Mid Office Analyst, you'll drive trade reconciliation, resolve discrepancies, manage accounts, calculate P&L, and collaborate with IT and trading teams to improve trade flow. This role requires handling large data sets and fostering a culture of continuous improvement in a dynamic environment.
Summary Generated by Built In

The Mid Office Team at IMC is seeking a Mid Office Analyst; in this dynamic role, you'll drive trade reconciliation and settlement accuracy, swiftly resolve discrepancies, and ensure seamless trade flow across platforms in collaboration with IT and trading teams. You'll play a critical part in managing accounts, monitoring margins, and calculating P&L, all while fostering a culture of continuous improvement and automation in a fast-paced environment.
Your Core Responsibilities:

  • Perform intraday and next-day trade reconciliation
  • Identify and resolve trade/settlement breaks, analyze to determine root causes, and ensure timely corrections at the clearing firm.
  • Work with IT and Trading to ensure proper trade flow; onboard new exchanges, clearing firms, and trading platforms.
  • Understand the life cycle of a trade from the time we execute to the time it settles in the account, including the fees associated with each transaction.
  • Liaise between clearing firms and trading; open new accounts and execute position/trade/cash transfers.
  • Monitor high-level account balances and margin/collateral requirements in conjunction with risk.
  • Calculate/reconcile daily P&L as well as reconcile monthly invoices with exchanges/clearing/etc.
  • Work with IT and trading to establish connectivity to the exchanges
  • Quickly learn new tools/procedures/structures and continually look for ways to improve upon them
  • Work with large amounts of data and create ad hoc reports as needed
  • Maintain an automation mindset, looking for areas of improvement and striving for continuous improvement
  • Work in cross-functional teams to create solutions across departments and to improve quality and efficiency within support
  • Interact with other areas of support on a daily basis and understand important risk, compliance, finance, and legal topics


Your Skills and Experience:

  • 2-5 years of work experience in finance or trading environment preferred
  • Bachelor's in Finance, Economics, Mathematics, or related quantitative field (B.S. preferred)
  • Prior interaction with trading and/or technology groups is a plus
  • Database knowledge a plus (SQL preferred)
  • Experience with reporting platforms a plus (Qlikview or Power BI is a plus)
  • Must have series 7 or be prepared to work towards obtaining a series 7
  • Strong analytical and problem-solving skills
  • Adaptable and able to work well under pressure
  • Team player with strong communication skills
  • Ability to gather and communicate business requirements
  • Strong MS Office application skills


Please note that immigration sponsorship is not offered for this specific opening.
About Us
IMC is a leading trading firm, known worldwide for our advanced, low-latency technology and world-class execution capabilities. Over the past 30 years, we've been a stabilizing force in the financial markets - providing the essential liquidity our counterparties depend on. Across offices in the US, Europe, and Asia Pacific, our talented employees are united by our entrepreneurial spirit, exceptional culture, and commitment to giving back. It's a strong foundation that allows us to grow and add new capabilities, year after year. From entering dynamic new markets, to developing a state-of-the-art research environment and diversifying our trading strategies, we dare to imagine what could be and work together to make it happen.

Top Skills

SQL

What the Team is Saying

Louise
Matt
Pierre
Stephan
Veronica
Theo
Andy
The Company
HQ: Chicago, IL
1,622 Employees
Hybrid Workplace
Year Founded: 1989

What We Do

IMC is a leading trading firm, known worldwide for our advanced, low-latency technology and world-class execution capabilities. Over the past 30 years, we’ve been a stabilizing force in the financial markets – providing the essential liquidity our counterparties depend on. Across offices in the US, Europe, and Asia Pacific, our talented employees are united by our entrepreneurial spirit, exceptional culture, and commitment to giving back. It's a strong foundation that allows us to grow and add new capabilities, year after year. From entering dynamic new markets, to developing a state-of-the-art research environment and diversifying our trading strategies, we dare to imagine what could be and work together to make it happen.

Why Work With Us

At IMC, the best ideas win, regardless of hierarchy. We’ve done away with artificial barriers and prioritize our employees. As a result, our people can explore their potential without limits, developing and implementing the systems and strategies that have made us one of the world’s leading liquidity providers.

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IMC Trading Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Typical time on-site: 60 % of the time
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