Cash & Collateral Management Lead
Cumberland
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 the Cash & Collateral Management Lead within our internal Treasury, you will oversee a team responsible for managing the cash/collateral/liquidity management functions across a diverse set of businesses. A successful candidate will be able to drive vision and purpose for the team, while developing an acute understanding of current processes and policies to better inform tactical and strategic changes. They will use their strategic mindset to develop talent, optimize processes and manage complexity in order to drive results.
What you’ll do in this role:
- Manage a team of cash and collateral analysts while prioritizing multiple competing projects and delegating appropriately
- Propose and implement improvements related to cash management (wire and transfer activity) spanning a diverse set of entities and geographies.
- Cashflow and liquidity forecasting
- Oversight of banking relationships including account management (opening/closing) and commercials
- Oversight of margin call processes spanning a diverse set of agreement types and asset classes.
- Collaborate with Treasury in relation to cash reinvestment and financing initiatives.
- Collaborate with other teams including Treasury, Global Trading Operations, Accounting and Tax to optimize firmwide processes
What we’re looking for:
- 8+ years of experience in cash/collateral/liquidity/treasury management; preference in having worked in capital markets previously.
- Experience in both SWIFT and Foreign Exchange markets
- Foundational understanding of various trading/financing instruments and the associated life cycle events and the implications related to margin and financing
- Commercial mind-set focused on driving operational efficiency while identifying opportunities to improve PnL tied to function.
- Demonstrated ability to drive engagement and provide meaningful mentorship to direct reports.
- Excellent written and verbal communication skills
- Thrives working in a dynamic trading environment
The annual base salary range for this position is $200,000 to $250,000 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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