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 clients 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

• Bachelors 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 $65120 - $104280 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:

• Medical Dental and Vision Coverage for employees dependents and domestic partners.
• Employee Assistance Program (EAP) Confidential support for personal and work-related challenges.
• 401(k) Plan Includes a company matching program and profit-sharing contributions.
• Discretionary Bonus Program Recognizing employee contributions.
• Flexible Spending Accounts (FSA) Pre-tax savings for dependent care transportation and eligible medical expenses.
• Paid Time Off (PTO) Begins accruing on the first day of work. Full-time employees accrue 15 days per year and employees working less than full-time accrue PTO on a prorated basis.
• Holidays A minimum of 10 paid holidays per year.
• Family Building Benefits Includes adoption and fertility assistance.
• Paid Parental Leave Up to 12 weeks of paid leave for employees who meet eligibility criteria.
• Life Insurance & AD&D 100% of premiums covered by Milliman.
• Short-Term and Long-Term Disability Fully paid by Milliman.

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 Millimans professionals are helping our clients answer significant questions such as:

• How can people provide for themselves when they no longer work

• How can our clients efficiently finance deliver and improve healthcare

• How can an insurer protect its clients against the risks they face

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

• Quality Millimans advice products and client service adhere to the highest standards of quality.

• Integrity Millimans people demonstrate integrity in all that we do. We are committed to honesty and professionalism in our interaction with our clients and colleagues including independent advice free of conflicts and a culture of inclusion and respect for all colleagues.

• Opportunity Milliman is committed to embracing diversity and providing all our people opportunities to achieve their full potential including opportunities to:

• Shape their own careers

• Assist in developing the strategy of their practice

• Pursue innovations to further Millimans mission in the marketplace

Required Experience:

IC