Treasury Settlements Specialist

We are Gelber Group -- Passion for Trading. Powered by Technology.

For 40 years, we have set the bar as one of the industry’s most innovative and enduring proprietary trading firms. We are headquartered in Chicago with offices and remote team members across the United States and Europe. Our success derives from a relentless pursuit of new trading ideas and careful attention to technology. Our culture of entrepreneurship, innovation and collaboration empowers each member of our team to have a meaningful impact from the day they join Gelber. We believe our talented staff are our greatest asset and we are committed to providing them the resources they need to succeed. With 16 distinct trading groups, we trade a little bit of everything here – with diverse styles and approaches across all major global marketplaces – and we are always looking to expand into new opportunities. Our flat organizational structure ensures a true meritocracy and attracts individuals with an edge to contribute to our consistent success.

As a Treasury Settlements Specialist on our Operations Team at Gelber, you will have a real opportunity to have a long-term career in Operations at a successful trading firm. You will work side by side with not only several teams within Operations, but also interact with traders that trade across many different asset classes. This role is for someone who flourishes in a fast-paced environment, has a strong work ethic, clear communicator, and has an interest growing their career within operations and back office in capital markets. This position will report directly into the Treasury Settlements Manager who reports directly into the Chief Operating Officer. You will also have many opportunities to interact with different managers within settlements for additional exposure.

This position will require in person presence in our Chicago office located in River West right next to the Merchandise Mart and convenient to public transportation. This position will initially require 4-5 days per week onsite, with potential for more days remote per week in the future.

What you’ll do:

• Oversee the daily trade settlement process, ensuring the accurate and timely clearing of trades across multiple asset classes.
• Manage cash and collateral movements, including margin funding, wire transfers, and liquidity management.
• Coordinate with trading, operations, finance, risk, and compliance teams to resolve settlement discrepancies and optimize processes.
• Develop and maintain relationships with counterparties, clearinghouses, and banking partners to ensure seamless transaction processing.
• Monitor and analyze treasury operations to improve efficiency and mitigate operational risks.
• Ensure compliance with regulatory requirements, industry standards, and internal controls.
• Implement and enhance automation tools for reconciliation and settlements.
• Generate reports and provide insights on cash flows, exposures, and settlement trends.

What you’ll need:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• 3-5 years of experience in treasury operations, trade settlements, or a similar role within a financial institution or proprietary trading firm.
• Strong understanding of financial markets, settlement processes, and trading instruments.
• Proficiency in treasury and reconciliation software, with experience in automation tools.
• Excellent problem-solving and analytical skills with attention to detail.
• Strong communication and interpersonal skills to collaborate effectively with internal and external stakeholders.
• Ability to work in a fast-paced environment and manage multiple priorities effectively. When we say fast-paced, we mean really fast.
• Willingness to be on-call from 5:30am to 7:30am to support market hours.

The approximate annual base compensation range for this position in Chicago, IL is $60,000 to $90,000. The actual offer, reflecting the total compensation package plus benefits, will be determined by a number of factors which include but are not limited to the applicant’s experience, knowledge, skills, and abilities; geographic location; and internal equity. In addition to your salary, our total rewards package includes health benefits, a 401(k) plan, PTO, parental leave, professional development, tuition reimbursement and discretionary bonus, enhancing your overall total rewards package.

Benefits Highlights

Gelber offers a wide range of benefits to full-time employees, including:

• Traditional and Roth 401(k) retirement program with discretionary employer match
• Comprehensive health benefits including medical coverage provided by Blue Cross and Blue Shield (PPO and HDHP/HSA) and dental coverage; generous employer cost-sharing
• Tuition reimbursement for Undergraduate and Graduate courses
• Flexible Spending Accounts for health care and dependent care; pre-tax commuter benefits for parking and transit expenses
• Life insurance and long-term disability coverage
• Health club membership with on-site facilities (and reciprocal memberships)
• Generous vacation time (15-day accrual in first full calendar year of employment; prorated accrual in initial year), paid holidays, and paid maternity/paternity leave
• Weekly catered lunches and monthly continental breakfasts
• Social events including sponsored 5k races and annual holiday party
• Enjoyable work environment including golf simulator
• Employee referral bonus program
• Charitable giving and company matching opportunities
• Casual, relaxed dress code