Cash & Collateral Analyst

Cash & Collateral Analyst

📍 Chicago, IL, USA

🏢 Cumberland | DRW

💰 USD 115k-165k / year

🔗 [Apply Now]

About DRW & Cumberland

DRW is a global trading firm with over 30 years of experience, operating in markets worldwide with a variety of asset classes like Equities, Fixed Income, FX, Commodities, and crypto. Known for valuing innovation, autonomy, and integrity, DRW uses proprietary capital and takes risks with its own investments, thriving in dynamic, fast-paced environments.

Team: Treasury

The Treasury Team is at the core of managing cash, collateral, and liquidity within the firm. As a Cash & Collateral Analyst, you'll have the unique opportunity to build your financial skills while helping manage critical functions across the organization.

What You’ll Do

• Process daily cash transactions: Effectively manage incoming and outgoing cash in multiple currencies across various entities.
• Monitor wire activity: Ensure the firm maintains sufficient cash balances across operations.
• Liaise with banks: Open and close accounts, handle KYC requests, and resolve account-related issues.
• Margin Calls: Issue, receive, validate, and reconcile margin calls, collaborating with relevant teams.
• Liquidity Reporting: Report on global liquid assets, collaborating with Treasury to invest excess cash.
• Cash Analysis & Projections: Project future cash/margin requirements and liquidity positions.
• Ad-hoc Reporting: Prepare reports for senior management on cash positions and usage.
• Process Improvements: Suggest and implement improvements to workflows related to cash/collateral management.
• Collaborate: Work with Treasury, Global Trading Operations, Accounting, and Tax to optimize firmwide processes.

Required Skills & Experience

🎓 Education:

• Bachelor's degree in finance or accounting (preferred)

💼 Experience:

• 5+ years in cash/collateral/liquidity management
• Prior experience in financial markets is a plus

🛠️ Technical Skills:

• SWIFT and Foreign Currency Transaction experience
• Working knowledge of trading/financing instruments
• Proficiency with general ledger systems and Excel (intermediate level)

🧠 Soft Skills:

• Strong analytical and problem-solving abilities
• Excellent written and verbal communication skills
• Organizational skills with the ability to meet tight deadlines
• Comfortable in a dynamic, growing trading environment
• Ability to collaborate across teams and communicate at all levels within the organization

What We Offer

• Annual Base Salary: $115,000 to $165,000 (dependent on experience)
• Annual Bonus: Eligible for discretionary bonus
• Comprehensive Benefits: Including medical, dental, vision insurance, 401(k) with employer match, disability insurance, and more

What’s Unique About This Role

• Dynamic Work Environment: A fast-paced, evolving team focused on liquidity and cash management for global trading.
• Impactful Work: Play a key role in optimizing cash flow and collateral management, directly supporting firmwide operations.
• Collaborative Culture: Work closely with various teams to implement process improvements and solutions.