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Trading Operations Associate Jobs in Illinois (NOW HIRING)

... operations on the Chicago Board Options Exchange. Although knowledge of the options industry is an ... Trading Analysts will be employed as option floor associates and receive a guaranteed salary during ...

Trading Analyst Intern

Chicago, IL · On-site

$30 - $35/hr

... operations on the Chicago Board Options Exchange. Although knowledge of the options industry is an ... Trading Analysts will be employed as option floor associates and receive a guaranteed salary during ...

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Trading Operations Associate information

See Illinois salary details

$10

$25

$51

How much do trading operations associate jobs pay per hour?

As of Sep 14, 2026, the average hourly pay for trading operations associate in Illinois is $25.43, according to ZipRecruiter salary data. Most workers in this role earn between $17.26 and $29.33 per hour, depending on experience, location, and employer.

What is a trading operations associate?

Trading Operations Associates are professionals who support the daily activities of trading desks at financial institutions. Their key responsibilities include trade settlement, trade confirmation, reconciliation, and ensuring compliance with regulatory requirements. They act as a bridge between traders, back-office teams, and external parties to ensure transactions are processed smoothly and efficiently. Attention to detail, strong analytical skills, and the ability to work under pressure are essential for this role. This position offers valuable exposure to financial markets and is often a stepping stone to more advanced roles in finance.

What are the key skills and qualifications needed to thrive as a trading operations associate?

To thrive as a Trading Operations Associate, you need strong analytical skills, attention to detail, and a solid understanding of financial markets, typically supported by a degree in finance, economics, or a related field. Familiarity with trading platforms, order management systems (OMS), and proficiency in Excel or other data analysis tools are commonly required, and certifications like FINRA Series 7 or 63 may be advantageous. Exceptional problem-solving, communication, and time-management skills help you excel under pressure and work effectively with traders, clients, and back-office teams. These skills ensure accurate trade processing, risk mitigation, and smooth market operations in a high-stakes environment.

What are some common challenges faced by trading operations associates in supporting trade settlements and how are they addressed?

Trading Operations Associates often encounter challenges such as resolving trade discrepancies, ensuring timely settlement of trades, and managing high volumes of transactions under tight deadlines. Addressing these issues requires strong attention to detail, effective communication with counterparties and internal teams, and the ability to quickly troubleshoot and escalate problems when necessary. Many firms provide comprehensive training and utilize advanced reconciliation tools to help associates efficiently identify and resolve breaks, ensuring smooth trade lifecycle management.

What is the difference between Trading Operations Associate vs Trading Analyst?

AspectTrading Operations AssociateTrading Analyst
CredentialsTypically requires a bachelor's degree in finance, economics, or related field; certifications like CFA are a plus but not mandatorySimilar credentials; often holds a bachelor's degree, with some roles preferring CFA or related certifications
Work EnvironmentSupports trading desks by handling operational tasks, trade settlements, and compliance; fast-paced, team-orientedFocuses on analyzing trading data, market trends, and performance; analytical and research-driven
Employer & Industry UsageCommon in investment banks, asset management firms, and trading housesFound in financial institutions, hedge funds, and asset managers

While both roles require a finance background and involve working within trading environments, the Trading Operations Associate primarily manages operational tasks and trade support, whereas the Trading Analyst focuses on analyzing market data and trading performance. They often work closely but serve different functions within trading teams.

What are the most commonly searched types of Trading Operations jobs in Illinois?

The most popular types of Trading Operations jobs in Illinois are:

What are popular job titles related to Trading Operations Associate jobs in Illinois?

For Trading Operations Associate jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Trading Operations Associate jobs in Illinois look for?

The top searched job categories for Trading Operations Associate jobs in Illinois are:

What cities in Illinois are hiring for Trading Operations Associate jobs?

Cities in Illinois with the most Trading Operations Associate job openings:

Infographic showing various Trading Operations Associate job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 86% Full Time, 9% Part Time, 1% Temporary, 2% Contract, and 1% Nights. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $52,897 per year, or $25.4 per hour.

Sr Associate, Brokerage Operations

Chicago, IL • On-site

$67K - $111K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 18 days ago


Northern Trust rating

8.2

Company rating: 8.2 out of 10

Based on 27 frontline employees who took The Breakroom Quiz


Job description

About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Summary
Responsible for Operations support and client service for the global brokerage business. Has specific knowledge or expertise typically gained through formal education or equivalent experience. Focuses on the day-to-day processing of trades from the point of book-out and allocation, through to settlement and reconciliation of accounts, and all other brokerage operations functions.
Continues to build knowledge of the company, processes and clients. Performs a range of assignments related to job discipline. Uses prescribed guidelines or policies in analyzing situations. Receives a moderate level of guidance and direction. Carries out activities with moderate financial, client and/or internal business impact.
Major Duties:
1. Solves problems in straightforward situations
2. Analyzes possible solutions using technical experience and judgment and precedents
3. Impacts a range of customer, operational, project or service activities within own team
4. Works within guidelines and policies
5. Writes and maintains high quality procedure documentation
6. Assists in training new starters within the team
7. Asks questions, challenges existing processes, offers ideas
Working Model: Hybrid
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.
Knowledge :
  • Requires expanded conceptual knowledge in own job discipline
  • Understands key business drivers; uses this understanding to accomplish own work
  • Explains complex information to others in straightforward situations
  • Has specific brokerage operations knowledge or expertise typically gained through formal education or equivalent experience.
  • Has an understanding of regional regulatory requirements.
  • Applies best practices and how own area integrates with others
  • Provides informal guidance to new team members
  • FINRA licenses required (US): 99; 7 and 63 are preferred, or the ability to obtain within 90 days
  • #LI-Hybrid
  • #LI-GG1

Experience :
• A College or University degree and/or relevant work experience is required.
• Prior industry experience, preferably in a financial operations role is preferred
Salary Range:
$67,500 - 111,500 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Work Authorization
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
Working with Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.

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