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Chief Operating Officer, FICC Options

Women in Payments
Chicago, IL Full Time
POSTED ON 3/22/2025
AVAILABLE BEFORE 4/21/2025

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk. Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities, and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies : real estate, venture capital, and cryptoassets. We operate with respect, curiosity, and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation, and a willingness to challenge consensus.

Chief Operating Officer

The Chief Operating Officer will be responsible for the strategic planning, execution, and day-to-day management of our FICC Options business. This role requires a dynamic leader with a deep understanding of trading operations, regulatory compliance, and risk management. The COO will drive large-scale initiatives, improve operational processes, and ensure the alignment of technology and business goals.

Responsibilities :

  • Develop and execute financial goals, capital planning, objectives and key results (OKRs) for the FICC Options business unit.
  • Oversee the prioritization of technology projects, balance sheet management, and responses to operational risk incidents and trading / technology issues.
  • Ensure the business unit complies with all relevant regulations and manage relationships with regulatory bodies, exchanges, and brokerage partners.
  • Lead large-scale initiatives across Trading, Quantitative Research, Technology, and Operations / Finance teams.
  • Restructure operational processes to enhance system and data accuracy, including fee and accrual management, cost management, and capital planning.
  • Lead senior management communications, including annual strategic and financial plans, monthly financial updates, and operational risk issues.
  • Create and lead operational risk management programs to identify and remediate control gaps.

Qualifications :

  • Minimum of 10 years of experience in trading or financial markets, with a strong preference for candidates who have held senior operational roles.
  • Consulting experience is highly desirable.
  • Proven track record of leading and managing cross-functional teams and large-scale projects.
  • Strong understanding of trading technology and operational processes.
  • Demonstrated success in growing business units and improving operational efficiencies.
  • In-depth knowledge of regulatory compliance requirements in the trading industry.
  • Excellent verbal and written communication skills, with the ability to present complex information clearly and effectively.
  • Preferred Qualifications :

  • Experience in FICC markets, specifically in Options.
  • Strong analytical and problem-solving skills.
  • Ability to work in a fast-paced, dynamic environment.
  • For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https : / / drw.com / privacy-notice

    California residents, please review the California Privacy Notice for information about certain legal rights at https : / / drw.com / california-privacy-notice

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