Milliman · 7 hours ago
Trade Operations Analyst
Chicago, IL
Full-time
Hybrid
Entry, Mid Level
$68K/yr - $109K/yr
1+ years expMilliman is a company that provides comprehensive operational support for the Financial Risk Management practice. The Trade Operations Analyst role focuses on ensuring the operational integrity of client portfolios by executing trade lifecycles, managing cash, and maintaining data integrity.
AnalyticsConsultingInsurTech
Responsibilities
Execute daily trade capture and affirmation workflows, ensuring all trade economics are accurately reflected across internal and external systems
Perform daily intraday and T+1 reconciliations of trade data, cash balances, and positions. Investigate and resolve basic breaks, escalating complex discrepancies to senior team members
Monitor the clearing and settlement process for diverse asset classes (Futures, Options, OTC Derivatives) to ensure timely fulfillment of market obligations
Assist in monitoring intraday account balances and margin requirements to ensure portfolios remain adequately funded
Support the movement of cash and collateral; help prepare margin call responses and facilitate transfers between clients, custodians, and counterparties
Assist in daily communications with banks, custodians, and clients to resolve standard operational inquiries
Generate and distribute standard reports for clients and third-party service providers
Support the administration of the firm’s digital repository for ISDA/CSA, ACA, and MCA documents, assisting in the data entry of key operational terms into internal systems
Assist senior team members in gathering documentation for annual audits and regulatory filings
Run pre-defined SQL queries and Python scripts to extract position and transaction data for routine reporting and troubleshooting
Run and perform basic troubleshooting for existing VBA macros and Python scripts used in the daily workflow
Assist in updating standard operating procedure documentation as workflows evolve
Qualification
Required
Bachelor's degree in Finance, Economics, Accounting, or a related field
A strong desire to pursue, or current enrollment in, industry recognized, professional certification programs (CFA, FRM) or a post graduate degree
Basic understanding of the lifecycle of financial instruments, with a specific interest in derivatives (swaps, futures, options) and fixed income
Foundational knowledge of how cash and securities move through the banking system and the general purpose of margin and collateral
Familiarity with the names and purposes of industry-standard documents like the ISDA Master Agreement and CSA
1–4 years of professional experience in financial services, ideally within investment operations, treasury, or fund accounting
High degree of comfort with Excel
Strong desire to develop SQL, Python, and/or VBA skills
A 'detective' mentality—the ability to look at two sets of data and identify why they don't match
Clear and professional written and verbal communication skills for interaction with internal teams and external partners
Sharp critical thinking skills, sound judgment and decision-making ability, and both the ability and willingness to clearly articulate your ideas
Preferred
Current enrollment in, or completion of, industry recognized, professional certification programs (CFA, FRM) or a post graduate degree
Basic exposure to SQL, Python, and/or VBA
Exposure to institutional post-trade vendor systems (e.g., triResolve, AutoRek, DTCC ITP, Acadia, or similar)
Benefits
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.
Company
Milliman
Milliman is a risk management, benefits, and technology firm that offers insurance and retirement services.
1001-5000 employees
H1B Sponsorship
Milliman has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (36)
2024 (18)
2023 (21)
2022 (29)
2021 (23)
2020 (27)
Funding
Current Stage
Late StageLeadership Team
Kathy Kalstrup
Chief Operating Officer
Amy Litton
DC Operations Support Consultant
Recent News
2026-01-11
Company data provided by crunchbase