Director of Trade Management Operations Job at tastytrade (Chicago)

Job Description

We are seeking a dynamic and experienced Director of Trade Management Operations to lead and transform our back-office function 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 key back-office processes. The ideal candidate is an operational leader with deep capital markets expertise, a hands-on management style, and a proven ability to drive process improvement and build high-performing teams.

Job Responsibility

Lead and transform back-office function across Broker-Dealer and non-clearing FCM businesses
Own post-trade operations including trade settlement, clearing, custody, corporate actions, and reconciliation
Spearhead firm-wide initiative to automate and modernize key back-office processes
Recruit, build, and develop a high-performing back-office team
Provide day-to-day management, coaching, and mentorship to staff
Serve as primary escalation point for operational breaks, settlement failures, and counterparty disputes
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 clearing FCM
Supervise corporate actions processing
Oversee margin and collateral tracking
Ensure back-office functions adhere to settlement deadlines and operational SLAs
Own end-to-end reconciliation across all business lines
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
Ensure compliance with broker-dealer customer protection obligations
Drive root cause analysis and implement corrective actions
Lead strategic initiative to automate back office and reconciliation workflows
Evaluate, select, and implement technology solutions
Define target operating model and drive transformation roadmap
Partner with Technology and Data teams
Establish KPIs and management dashboards
Champion data quality and standardization initiatives
Maintain strong control environment consistent with SEC, FINRA, CFTC, and NFA requirements
Develop and maintain policies, procedures, and desktop guides
Partner with Internal Audit, Compliance, and Risk Management
Monitor regulatory developments

Requirements

6-10 years of progressive experience in back-office operations at a broker-dealer, FCM, prime broker, or clearing firm
FINRA Series 3, 4, 7, 24, and 63 licenses (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
Proven track 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 or back-office platforms (SmartStream, Broadridge, Duco, AutoRek, or comparable)
Strong analytical, communication, and organizational skills with the ability to present to senior management and regulators

What we offer

Performance bonuses
Stock purchase options
401k plan
Medical/Dental/Vision benefits
20 paid vacation days (plus 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

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Director of Trade Management Operations

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