Director of Trade Management Operations

Company Name:tastytrade
Role: Director of Trade Management Operations
Location: Chicago IL - Hybrid (3 days/week in office)
Licensing: FINRA Series3 4 7 24 and 63licenses (or equivalents)

We areseekinga dynamic and experiencedDirector of Trade Management Operationsto lead and transform ourback-officefunction across our Broker-Dealer and non-clearing Futures Commission Merchant (FCM) businesses. This role carries broad ownership of post-trade operations including trade settlement clearing custody corporate actions and reconciliation while spearheading a firm-wide initiative to automate and modernize keyback-officeprocesses. The ideal candidate is an operational leader with deep capital marketsexpertise a hands-on management style and a proven ability to drive process improvement and build high-performing teams.

WhatYoullDo:

Leadership & Team Building

• Recruit build and develop a high-performingback-officeteam spanning reconciliation settlement clearing and custody operations
• Define team structure roles and responsibilities;establishclear performance standards and career development pathways
• Provide day-to-day management coaching and mentorship to staff at all levels
• Partner with HR on headcount planning hiring and workforce development as the business grows
• Serve as the primary escalation point for operational breaks settlement failures and counterparty disputes

Back Office Operations

• Oversee all post-trade operations across asset classes including equities options exchange-traded derivatives and FX
• Manage trade confirmation settlement and fail management across custodians prime brokers and clearing firms
• Coordinate give-up processing and submission workflows between executing brokers and the firms designated clearing FCM ensuringaccurateandtimelyallocation of futures and options trades
• Supervise corporate actions processing including voluntary and mandatory events elections and entitlement reconciliation
• Oversee margin and collateral tracking in coordination with the clearing FCM Prime Brokerage and Treasury
• Ensure allback-officefunctions adhere to strict settlement deadlines and operational SLAs

Reconciliation

• Own end-to-end reconciliation across all business lines including trade position cash and asset reconciliation
• Oversee daily reconciliation of internal books and records against prime broker custodian and clearing FCM statements
• Manage position and cash reconciliation across exchange-traded products ensuring alignment between the firms records and clearing FCM-reported balances
• Ensure compliance with broker-dealer customer protection obligations under SEC Rule 15c3-3 and applicable FINRA rules
• Drive root cause analysis on recurring breaks and implement sustainable corrective actions to reduce break volumes over time

Automation & Process Transformation

• Lead a strategic initiative to automate back office and reconciliation workflows reducing manual processing and operational risk across the function
• Evaluate select and implement technology solutions including reconciliation platforms ( Broadridge) and back-office processing systems
• Define the target operating model for a scalable automated back office and drive execution of the transformation roadmap
• Partner with Technology and Data teams to design automated break detection exception management and reporting workflows
• Establish KPIs and management dashboards tracking settlement efficiency break aging fail rates and STP rates with regular reporting to senior leadership
• Champion data quality and standardization initiatives to improve straight-through processing across the trade lifecycle

Risk Controls & Compliance

• Maintain a strong control environment consistent with SEC FINRA CFTC and NFA requirements applicable to a non-clearing FCM
• Develop andmaintainpolicies procedures and desktop guides for allback-officefunctions
• Partner with Internal Audit Compliance and Risk Management on control assessments regulatory examinations and audit responses
• Monitor regulatory developmentsimpactingback-officeobligations and proactively update processes and controls accordingly

Who You Are:

• 6-10 years of progressive experience inback-office operations at a broker-dealer FCM prime broker or clearing firm
• FINRA Series3 4 7 24 and 63licenses (or equivalents)
• Broad operational knowledge spanning settlement clearing custody corporate actions and reconciliation across multiple asset classes
• Familiarity with non-clearing FCM operations including give-up processing allocation workflows and coordination with clearing FCMs
• Demonstrated experience managing and developing operational teams
• Proventrack record leading process improvement or automation initiatives within a financial services environment
• Strong working knowledge of DTCC (DTC NSCC FICC) settlement processes and exchange-traded derivatives workflows
• Familiarity with regulatory requirements applicable to broker-dealers and non-clearing FCMs including SEC Rule 15c3-3 FINRA rules and baseline CFTC/NFA obligations
• Experience with reconciliation orback-officeplatforms (SmartStream Broadridge DucoAutoRek or comparable)
• Strong analytical communication and organizational skills with the ability to present to senior management and regulators

Company Perks Benefits:

• Performance Bonuses
• Stock Purchase Options
• 401k Plan
• Medical/Dental/Vision Benefits
• 20 Paid Vacation Days (plus an additional paid vacation day the month of your birthday!)
• 10 Paid Sick Days
• Gym Membership Reimbursement
• Commuter Benefits
• Pet Insurance
• Wellness & Mental Health Programs
• Charitable Donation Matching
• Two Paid Volunteer Days Off
• Daily catered lunch when in the office
• Full kitchen with snacks and beverages
• In-building gym
• Shuttle to/from Metra

Salary Range: $150000 - $175000
The actual salary offered will be based on the candidates level of experience and qualifications

Discretionary performance bonus: 15-20%of base salary based on individual and company performance

About IGNA tasty
IG North America is home to tastytradetastylive and tastyfxa family of brands built to democratize trading and empower individual investors. Founded in Chicago by the creators of thinkorswim acquired by London-based IG Group in 2021 we combine startup innovation with the backing of a FTSE 100 fintechoperatingacross five continents serving over 1.3m customers and handling billions of dollars in transactions built on scale trust and proof.

From our headquarters in Chicagos Fulton Market our team builds award-winning trading platforms produces live financial education content daily and creates technology that makes complex markets accessible. tastytrade is our retail brokerage for self-directed investing and trading withtastylive providing content to educate our customers. tastyfx is the fastest-growing forex broker in the US.

Werea lean collaborative team that values autonomy pragmatism and impact. Whetheryourebuilding technology creating content serving customers or supporting operationsyoullwork alongside people who are passionate about disrupting traditional finance and genuinely care about helping traders succeed. Our culture rewards initiative embraces experimentation and measures success by the value we create for our users.The bar is high bring a curious and forward-thinkingmindsetandwellgive you the platform to define what comes next. Join us at IGtasty the future gets built here.

Location:Our office is in the West Loop - Chicagos growing center of tech great cuisine and high-end bars.

tastytradetastylive tastyfxtastycrypto
1330 W Fulton Market Chicago IL 60607

*Dont meet every single requirement Studies have shown that women and people of color are less likely to apply to jobs unless they have every single qualification. Our team is dedicated to building a diverse inclusive and authentic workplace so ifyoureexcited about thisrolebut your experiencedoesntalign perfectly we encourage you to apply anyway. You may be just the right candidate for this or other roles!