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Fixed Income Middle Office Jobs in Illinois (NOW HIRING)

DRW

Trade Support Specialist - Middle Office

Chicago, IL · On-site

$100K - $125K/yr

S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs ... As a Trade Support Specialist , you'll provide middle office support to a group of trading desks ...

P2P

Trade Support Specialist - Middle Office

Chicago, IL · On-site

$100 - $125/hr

S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs ... As a Trade Support Specialist , you'll provide middle office support to a group of trading desks ...

Tidal Financial Group

VP of Trading-Leverage

Oak Brook, IL · On-site

$120 - $180/hr

... back/middle office operations. What you'll do * Execute and manage trades across equities, options, and fixed income. * Execute day-to-day duties in the Trading Operations Team, including but not ...

TIAA

Senior Business Systems Analyst

Chicago, IL · On-site

$93K - $122K/yr

... Fixed Income (TFI) a front office technology team. This role will be responsible for Liaison with Front office (PM, Traders, Research etc.) and if needed middle office, provide white glove support ...

SS&C

Sales Executive Fund Administration

Chicago, IL · On-site

... fixed income, volatility and active trading, we offer: Middle office, accounting and management products * Tax services for hedge funds, fund of funds and private equity funds * Derivatives ...

DRW

Trading Application Specialist

Chicago, IL · On-site

$150K - $200K/yr

S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs ... Middle Office / Operations * Back Office (Accounting/Investment Book of Record) * Project Managers ...

P2P

Trading Application Specialist

Chicago, IL · On-site

$150 - $200/hr

S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs ... Middle Office / Operations * Back Office (Accounting/Investment Book of Record) * Project Managers ...

Socket.dev

Trading Application Specialist

Chicago, IL · On-site

$150 - $200/hr

S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs ... Middle Office / Operations * Back Office (Accounting/Investment Book of Record) * Project Managers ...

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Fixed Income Middle Office information

What is a fixed income middle office?

A Fixed Income Middle Office is a team or function within a financial institution that acts as a bridge between the front office (trading, sales) and the back office (settlements, accounting) for fixed income products such as bonds and other debt securities. Their primary responsibilities include trade support, risk management, trade confirmation, position reconciliation, and ensuring compliance with regulations. By managing these processes, the Fixed Income Middle Office helps to reduce operational risk, ensure accurate trade capture, and support the smooth functioning of fixed income trading activities.

What are the key skills and qualifications needed to thrive as a fixed income middle office professional?

To thrive as a Fixed Income Middle Office professional, strong analytical skills, attention to detail, and a background in finance or economics are essential, often supported by a bachelor’s degree. Familiarity with trade capture systems (such as Murex or Bloomberg), risk management tools, and knowledge of regulatory frameworks are typically required. Exceptional problem-solving abilities, communication, and the capacity to manage multiple priorities help individuals excel in this role. These skills ensure accurate trade processing, risk mitigation, and efficient coordination between front and back office teams, which are critical for smooth operations in fixed income markets.

What are some common challenges faced in a fixed income middle office role and how can they be managed?

One of the main challenges in a Fixed Income Middle Office position is ensuring accurate trade capture and timely resolution of trade breaks between front office, back office, and counterparties. This often requires strong attention to detail and effective communication skills, as you will need to coordinate with multiple teams to reconcile discrepancies and manage settlements. Adapting to frequent regulatory updates and sophisticated financial products can also be demanding, so ongoing learning and process improvement are key. Building strong relationships across departments helps streamline issue resolution and supports operational efficiency.

What is the difference between Fixed Income Middle Office vs Fixed Income Operations Analyst?

AspectFixed Income Middle OfficeFixed Income Operations Analyst
ResponsibilitiesRisk management, trade support, reconciliation, and reporting for fixed income securitiesProcessing transactions, settlement, and ensuring trade accuracy in fixed income securities
Required SkillsKnowledge of fixed income products, risk systems, and reporting toolsTrade processing, settlement procedures, and operational systems
Work EnvironmentCollaborates with traders, risk managers, and compliance teamsFocuses on transaction processing and back-office functions
Common CertificationsFRM, CFA, or similarNone typically required, but certifications like CFA are beneficial

While both roles support fixed income trading activities, the Fixed Income Middle Office focuses on risk management, trade validation, and reporting, whereas the Fixed Income Operations Analyst handles transaction processing and settlement. The middle office role is more analytical and strategic, often requiring risk certifications, while operations are more process-oriented and transactional.

What are popular job titles related to Fixed Income Middle Office jobs in Illinois?

For Fixed Income Middle Office jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Fixed Income Middle Office jobs in Illinois look for?

The top searched job categories for Fixed Income Middle Office jobs in Illinois are:

What cities in Illinois are hiring for Fixed Income Middle Office jobs?

Cities in Illinois with the most Fixed Income Middle Office job openings:

Fixed Income Middle Office jobs near you
Infographic showing various Fixed Income Middle Office job openings in Illinois as of August 2026, with employment types broken down into 100% Full Time. Highlights an 60% In-person, 20% Hybrid, and 20% Remote job distribution.

Trade Support Specialist - Middle Office

DRW Holdings, LLC.

Chicago, IL • On-site

$100 - $125/hr

Other

Medical, Dental, Vision, Life, Retirement

Posted 5 days ago

Job description

Trade Support Specialist - Middle Office

Job Location Chicago

Employment type Regular

Department Technology

Targeted Start Date Immediate

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.

As a Trade Support Specialist, you’ll provide middle office support to a group of trading desks based in Chicago. This is an opportunity to solve challenging problems while working closely with experienced traders, researchers and software engineers to optimize operational workflow and use the right tools and technology for the job.

Responsibilities
  • Provide operational and technical support for the firm’s equity options trading desks
  • Trade capture for all products related to the desks’ activity: futures/futures options, equities/equity options, index options
  • Trade and position reconciliation with the firm’s clearing houses and brokers
  • Daily P&L calculation and substantiation
  • Working knowledge and experience in derivatives
  • Gain mastery of the firm’s proprietary trade capture, inventory management, treasury management, and risk management systems necessary to support the desks’ activity
  • Act as process owner for current functionality and provide critical support and advice regarding needed enhancements to technology, workflows, and processes:
    • Gain a strong understanding of traders’ risk management tools and provide support for related traders’ needs
    • Upgrade and support traders’ tools to effectively utilize technologies and tools that are firm standard
    • Interface with technology to improve tools where they fall short of meeting the desks’ needs
    • Adopt, integrate, and promote new technology as it becomes available
Requirements
  • Strong interest in, and working knowledge of equities and derivatives
  • Experience with Version Control, Git, Python, Cron, Linux
  • Proven experience automating or improving workflows using Python
  • 2-3 years of experience in the front office, middle office, back office, or risk management roles working with exchange-traded and over-the-counter products and derivatives
  • Substantial prior interaction with the front office and senior management in an active trading environment
  • Bachelor’s degree in computer science, finance, economics, math, or another quantitative field or material equivalent exposure
  • Demonstrated ability to work independently
  • Demonstrated ability to analyze problems and synthesize and implement solutions

The annual base salary range for this position is $100,000 to $125,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

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.

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