Trade Operations Analyst

Trade Operations Analyst

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 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

Experience and Soft Skills Required

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 $65,120 - $104,280, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.

Benefits

We offer a comprehensive benefits package designed to support employees' health, financial security, and well-being. Benefits include :

Equal Opportunity

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.

Milliman & FRM Practice Mission, Values, Competencies

Our mission is to serve our clients to protect the health and financial well-being of people everywhere. We are influential market leaders, solving important problems through our deep subject matter expertise.

In fulfilling this mission and values, Milliman's professionals are helping our clients answer significant questions, such as :

Since its founding in 1947, Milliman is dedicated to enduring values that govern our actions in the marketplace.