Operations - FCM Analyst - Fall 2026 US Graduate Program

About the role#

The Operations - FCM Analyst is part of a two-year Graduate Program designed to provide hands-on experience across front, middle, and back-office functions. This role supports the firm’s capital markets activities by ensuring the accurate clearing, settlement, and reconciliation of futures and options transactions. Analysts will build a strong understanding of FCM workflows, including middle office, fees, and clearing, while supporting senior staff with oversight and exception management.

What you'll do#

• Substantiate and reconcile relevant balance sheet accounts.
• Support daily FCM operational activities, including trade, position, variation margin, and cash reconciliations.
• Assist with booking and reconciling daily cash entries to client accounts and the general ledger.
• Collaborate closely with Risk and other internal teams, particularly regarding expiration cycles and margin activity.
• Support T and T+1 trade and position reporting, including adjustments and coordination with exchanges and clearing brokers.
• Identify opportunities to streamline workflows and improve operational controls.

What you'll need#

• Bachelor’s or master’s degree in Finance or a related field.
• Ability to communicate technical or operational concepts clearly to non-technical stakeholders.
• Aptitude for process improvement and continuous efficiency gains.
• Genuine interest in the program’s departmental tracks.
• Candidates must be legally authorized to work in the United States without the need for current or future sponsorship.

Location & details#

• Location: Chicago, Illinois
• Term: Fall 2026 start
• Modality: On-site
• Employment Type: Full-time