Business Analyst - Regulatory Technology

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.

We are seeking a highly motivated Business Analyst ("BA") with strong data analysis skills and a passion for market integrity to join our Trade Surveillance team. This role is ideal for a junior professional who wants to develop deep expertise at the intersection of trading, technology, and regulatory compliance.

The BA will primarily execute UAT on complex surveillance alert logic and regulatory reporting workflows, ensuring that our systems are functioning with accuracy and precision. This position partners closely with Surveillance, Compliance and Technology teams to test, validate, and enhance alert logic and workflows in line with regulations and guidelines.

Responsibilities:

• Develop and execute test cases based on business requirements and functional specifications.
• Conduct UAT for new and enhanced surveillance alerts and regulatory reports, ensuring accurate logic, thresholds and data inputs.
• Document test cases and liaise with developers and compliance staff while driving matters toward resolution.
• Support broader compliance monitoring and regulatory reporting initiatives as needed. This may include analysis of large datasets of trading activity or other Regulatory Analytics projects - such as statistical modeling, predictive analysis, or other data science applications - to enhance surveillance and reporting effectiveness.
• Stay informed on global updates to relevant regulatory standards (e.g., SEC, FCA, MAS and NYDFS) that could impact surveillance logic or reporting obligations.

Requirements:

• Bachelor's degree in a STEM field such as Statistics, Mathematics, Computer Science, Data Science, Engineering or a quantitative field such as Financial Engineering or Quantitative Economics (or equivalent practical experience).
• 1-2 years of experience in trade surveillance, regulatory reporting, data analysis or a related role.
• Working knowledge of Python (Pandas, NumPy, scikit-learn, etc.) and SQL.
• Strong analytical skills with proven ability to work with large, complex datasets.
• Excellent written and verbal communication skills; ability to clearly document processes and findings.
• Detail-oriented with a structured problem-solving mindset.

The annual base salary range for this position is $100,000 to $150,000 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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