Chief Operating Officer, FICC Options

Drw - Chicago, IL

Full-time - Senior

Chicago, IL

Merchant Wholesalers, Durable Goods

About the position

The Chief Operating Officer (COO) at DRW will oversee the strategic planning, execution, and daily management of the FICC Options business. This role is crucial for driving large-scale initiatives, improving operational processes, and ensuring compliance with regulatory standards while aligning technology with business objectives.

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.

Requirements

• 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.

Nice-to-haves

• Experience in FICC markets, specifically in Options.
• Strong analytical and problem-solving skills.
• Ability to work in a fast-paced, dynamic environment.