Operational Risk Program Analyst
Cumberland
DRW is a diversified trading firm with over three 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.
The Role
We’re looking for an experienced Operational Risk Program Analyst to help build and scale DRW’s operational risk program. In this role, you’ll combine strategic thinking with hands-on execution to help design, implement, and embed a proactive approach to risk management across our businesses.
You’ll work closely with business leaders to ensure operational risk is effectively identified, assessed, and managed. This is a hands-on role focused on implementing the program across DRW — while building the supporting frameworks, governance, and relationships that sustain it.
What You’ll Do
- Partner with trading and support teams to identify, assess, and manage operational risks in day-to-day processes and systems.
- Help design and build the firm’s operational risk management framework, including establishing policies, procedures, risk assessment methodologies, reporting, and governance structures. Support the implementation, rollout, and ongoing oversight of the framework across the firm.
- Monitor and escalate emerging risks, track control improvements, and maintain oversight of key risk indicators and events.
- Provide effective challenge and guidance to ensure risk-informed decisions align with DRW’s risk appetite.
- Produce and deliver risk reporting and analytics — including dashboards, metrics, and presentations for leadership.
- Deliver training and resources that build awareness and ownership of operational risk across teams.
- Partner with Security to support third-party risk assessments and ensure controls are in alignment with DRW’s risk appetite.
What You Bring
- Five to seven years of experience in operational risk management or a related discipline within financial services or a complex business environment.
- Solid understanding of operational risk principles and tools including risk frameworks, control design, governance processes, etc., with the ability to tailor and apply them to fit unique business models without compromising core program effectiveness.
- Proven ability to execute and enhance risk programs and documentation.
- Ability to evaluate operational risks with discernment—identifying early signals, determining which issues truly matter, and applying disciplined inquiry and root-cause thinking to deliver actionable insights and support high-quality decision-making.
- Flexible and pragmatic mindset, with the ability to tailor operational risk approaches and frameworks to fit the firm’s culture and operating model.
- A balance of analytical rigor and practical problem-solving; comfortable moving between detail and big picture, and the ability to manage ambiguity, operating effectively even when things are not certain, or the way forward is not clear.
- Plan and prioritize work to meet commitments aligned with program goals, holding self and others accountable to meet deadlines.
- Exceptional communication and stakeholder management skills with the ability to influence and partner at all levels.
- A collaborative, proactive mindset and a desire to strengthen DRW’s operational risk culture.
The annual base salary range for this position is $110,000 to $130,000 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.
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California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.
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