Guggenheim Services, LLC

Transaction Services Operations Associate

Job Locations US-IL-Chicago
Posted Date 4 weeks ago(3/1/2023 1:40 PM)
Job Category
Operations, Investment Management & Advisory Jobs
Position Type

Position Summary

Guggenheim Investments is seeking a candidate interested in gaining cross-team skill development to join its Transaction Services department within the Investment Management Operations business. The Transaction Services department is comprised of Allocations, Trade Confirmation, Settlements, and Collateral Management. In this role, one will be trained on the core concepts and tasks of each group (Allocations, Confirmation & Settlements, Collateral Management), preparing them to obtain a broader skillset and extensive full-cycle knowledge of Transaction Services. One has the opportunity to work and communicate effectively with internal groups including portfolio management, trading, client distribution, legal and compliance.


This position is located in our Chicago offices. 

Essential Job Functions

  • Allocate, confirm, clear, and ensure settlement of all fixed income and equity trades, including repurchase agreements, as well as both Over-The-Counter and Exchange Traded Derivatives including options, swaps, and futures.
  • Act as an intermediary for all fixed income trades, including gathering demand and producing the final allocation among various portfolios.
  • Enter trade allocations into an order management system; document and maintain the trade allocations archives.
  • Participate in monthly performance dispersion analysis with member of Risk and Investment Performance team.
  • Monitor settlement of all trades and ensure timely resolution of any failing transaction.
  • Issue, receive and answer all margin calls across OTC, cleared swap, futures, repo and prime brokerage.
  • Ensure trades are accurately transmitted to third parties including custodians and administrators working to resolve any discrepancies in a timely manner.
  • Communicate professionally and effectively with all brokers and counterparties and seek to expand business relationships.
  • Assist in the development and documentation of procedures and controls within the business unit.
  • Consult team management on how to develop continued incremental improvement and increased efficiencies.
  • Assist other members of the team with special projects and respond to internal/external ad hoc requests.

Preferred Qualifications

  • Experience working in one of the following: allocations, trade confirmation, settlements, collateral management
  • Team-oriented with an interest and/or experience to partner with others to create processes
  • Demonstrated commitment to client service and working across multiple departments
  • Communicate and prioritize work and deadlines effectively
  • Good understanding of fixed income securities

Basic Qualifications

  • Undergraduate degree
  • At least 2 years of experience in middle office asset management
  • Extensive Excel proficiency with large data sets (such as V-lookup, Pivot Tables)
  • Ability to create and customize data reconciliation tools within Excel

Salary Details

Actual base salaries may vary depending on factors such as location and experience.

About Us

Guggenheim Partners is a diversified financial services firm that delivers value to its clients through two primary businesses: Guggenheim Investments, a premier global asset manager and investment advisor, and Guggenheim Securities, a leading investment banking and capital markets business. Guggenheim’s professionals are based in offices around the world, and our commitment is to deliver long-term results with excellence and integrity while advancing the strategic interests of our clients.

Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Learn more at, and follow us on LinkedIn and Twitter @GuggenheimPtnrs.


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