Position: Operations Specialist (Level I)
Location: Chicago, IL
Assignment: 12/29/2025 – 5/1/2026 (temp to hire)
Pay Range: $21.03 hourly, paid weekly.
Schedule: Monday – Friday, 9am-5pm
Fully Onsite: Please note that this role is required 5 days in office (Hybrid when training is over)
he Fixed Income, Currency and Commodities (FICC) & Derivative Core Operations (FDCO) team perform end to end trade control, confirmation and settlements processes across FICC businesses and provides utility OTC derivative confirmation and settlement services for non FICC businesses.
Derivatives Operations is responsible for ensuring efficient and accurate transaction processing across a broad range of products. Generally, the products supported are complex instruments that require close alignment with the business. A key focus for the organization is establishing strong risk management procedures and controls to ensure the firm and our clients are properly protected. Derivatives Operations is at the forefront of shaping and driving change in the industry with the ultimate aim of delivering greater accuracy, control and efficiency for our clients and our business.
Within Derivatives Operations, Trade Control (TC) offers operational support and expertise to Sales and Trading Desks, external and internal partners and clients. such as investment grade, high yield, and emerging markets. TC is a team of derivative specialists primarily responsible for the implementation of industry initiatives, exception management, trade reconciliation, clearing and e-trading management. TC’s internal business partners include front office, Technology, Strategists, Controllers, Credit Risk, and other Operations teams. Some functions within TC are also externally facing in respect to managing client queries and novation. Credit Derivative counterparts include institutional clients and broker dealers. Regulatory reform and clearing will have a direct impact to the credit derivatives space and specifically CD MO members will be exposed to industry led initiatives as they unfold. The role does not require specific product knowledge, however, is considered an advantage. The individual requires excellent interpersonal skills and the ability to work well within a team and in a fast paced environment. The qualified candidate will look to succeed in industrialization efforts in order to enhance our processes and strategize our workflows.
*** Responsibilities:
· Trade exception resolution.
· Ad hoc queries from traders/sales/clients.
· Liaise with internal teams on break resolution.
· Manage life cycle events, allocation support, and/or novation management.
· Support new products and activities for the credit business.
· Industry initiatives and internal enhancements.
· Clearing controls
· Projects and Project Management
· Produce and analyze detailed reporting
· Timely response to client queries regarding the settlement of their trades
· System break analysis, and resolution
· Highlight any collateral deficiencies
· Liaise with internal partners to ensure proper client reporting and assist with regulatory reporting
*** Requirements:
· Derivatives background- knowledge of trade derivates
· Knowledge of corporate loans
· Intermediate Excel level
· Must be client focused with proven track record of excellent communication and interpersonal skills with the ability to present to an audience
· Ability to successfully navigate and connect within a matrix work environment
· Must be self-motivated and able to work independently
· Must be able to operate successfully in a fast paced environment
· Must be detail oriented with a heavy focus on monitoring controls and reports
· Excellent teamwork skills and ability to work with a wide user group across multiple functions.
· Significant control and risk management mindset.
*** Preferred:
· Previous experience within a client service team with particular focus on responding to client inquiries
· Knowledge of Operational Risk
· Credit Derivative and Total Return Swap background
· Strong analytical and problem-solving skills.
Other qualification
· Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
· Excels in working among diverse viewpoints to determine the best path forward
· Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
· Commitment to challenging the status quo and promoting positive change.
· Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
· Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world
· Is willing to raise their hand if they see an issue and carry the issue through to resolution
Required Knowledge:
Preferred skills:
Desired Skills:
• Loan Syndication Knowledge: Understanding of syndicated lending processes and best practices.
• Loan Documentation Expertise: Knowledge of loan documentation requirements, including familiarity with syndicated and corporate lending agreements.
WORKING CONDITIONS:
Here at Canon Recruiting, People are our priority, and we are committed to Include Diversity in every segment of who we are. It is only through our Diversity; we are made a stronger organization and increase our ability to provide top tier candidates that our clients have come to know Canon for. We have an inclusive environment all employees are celebrated for their unique differences. The different perspectives and experiences of our workforce give us the competitive advantage that is essential for success in an ever-changing market. By promoting inclusion with the same enthusiasm, we devote to quality and competency and using the experience from a diverse assortment of backgrounds and experiences, Canon can improve the services and value we deliver to clients, employees, and customers. At Canon, Diversification and Inclusiveness are much more than a corporate ambition; they are a critical component in our daily corporate life. Canon Recruiting is committed to a diverse and inclusive workplace. Canon Recruiting is an equal opportunity employer and does not discriminate based on race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status. The pay range for this position is listed above. Base pay information is based on market location. We will consider for employment qualified applicants with arrest and conviction records. Our range of benefits may include health care and 401(k) savings plans. For individuals with disabilities who would like to request an accommodation, please email hr@canonrecruiting.com