Credit Quality Analyst Fixed Income Chicago IL

Position : Credit Quality Analyst

Location : Chicago, IL (Tuesday, Wednesday, Thursday in office, Monday & Friday remote)

Assignment : 12 / 29 / 2025 – 05 / 01 / 2026 (temp to hire)

Schedule : Monday – Friday, Business Shift 9am-5pm

Pay Range : $32.05 hourly, paid weekly.

About the Team

The Fixed Income, Currency, and Commodities (FICC) & Derivative Core Operations (FDCO) team provides end-to-end trade control, confirmation, and settlement services across FICC businesses. The group also supports utility OTC derivative confirmation and settlement services for non-FICC businesses.

Our Derivatives Operations function ensures accurate and efficient transaction processing for a broad range of complex instruments, with a strong focus on risk management, control, and client protection. We are at the forefront of industry change—driving automation, process improvement, and innovation to deliver exceptional outcomes for our clients.

Position Overview

We are seeking a Trade Control Analyst to join our Derivatives Operations team. This role provides operational support and expertise to Sales and Trading Desks, external clients, and internal partners. You will manage lifecycle events, trade exceptions, reconciliations, and clearing activities, while contributing to process enhancements and control improvements.

This position is ideal for candidates who are detail-oriented, analytical, and eager to thrive in a fast-paced, team-oriented environment within the derivatives and fixed income space.

Key Responsibilities

Resolve trade exceptions and support break resolution in coordination with internal teams.

Respond to ad hoc queries from traders, sales teams, and clients.

Manage trade lifecycle events, allocations, and novation processes.

Support new product launches and activities for the credit derivatives business.

Produce and analyze detailed reporting for internal stakeholders.

Liaise with internal partners to ensure accurate client and regulatory reporting.

Perform system break analysis and coordinate timely resolutions.

Highlight and track collateral deficiencies to mitigate operational risks.

Participate in clearing controls, operational projects, and process enhancement initiatives.

Provide timely, professional responses to client settlement queries.

Required Qualifications

Background in derivatives trading or operations with strong product understanding.

Working knowledge of corporate loans and related instruments.

Intermediate proficiency in Excel (Pivot Tables, VLOOKUP, reporting).

Proven client service and communication skills, with the ability to present confidently.

Strong ability to navigate and collaborate within a matrixed work environment.

Highly self-motivated, detail-oriented, and capable of working independently.

Demonstrated risk management mindset with focus on controls and accuracy.

Excellent teamwork and interpersonal skills across diverse groups.

Preferred Qualifications

Prior experience in a client service or middle office function.

Familiarity with Operational Risk frameworks.

Exposure to Credit Derivatives or Total Return Swaps (TRS).

Strong analytical and problem-solving skills.

Additional Attributes

Brings innovative ideas and continuous improvement mindset.

Thrives in diverse, collaborative environments and embraces change.

Comfortable connecting with a variety of internal and external stakeholders.

Passion for driving operational excellence and process optimization.

Committed to upholding integrity, accountability, and diversity of thought.

WORKING CONDITIONS :

• May on occasion be exposed to loud sounds and distracting noise levels, such as from office equipment.
• The ability to lift up to 30lbs
• Use of computers and technology

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