Business Analyst, FCM

What you'll do:

We are seeking a highly motivated and detail-oriented Business Analyst to report to the Sr. Director of FCM Strategy and support NinjaTrader Clearing, LLC (NTC). This role sits at the intersection of FCM Operations, Risk & Compliance, Product, and Engineering—serving as the connective tissue that translates complex business needs into clear requirements, documented processes, and actionable insights. You will play a key role in supporting NTC's operational and analytical infrastructure as the firm expands into perpetual futures, leveraged spot, and 24/7 cleared markets. This is a high-visibility role with meaningful cross-functional exposure and strong opportunity for growth as the FCM function scales.

In this role you will:

• Gather, document, and validate business requirements for FCM operational and technology initiatives, including user stories, process flows, and functional specifications
• Partner with FCM Operations to document end-to-end workflows—including onboarding, order routing, clearing, settlement, and margin—and identify process improvement opportunities
• Support the FCM Risk function by maintaining policy and procedure documentation, control frameworks, and audit-ready records in line with NFA and CFTC requirements
• Coordinate UAT, defect tracking, and go-live validation for FCM systems and tooling in partnership with Engineering and Product teams
• Build and maintain operational dashboards and KRI reporting to support the Risk Committee, senior management, and regulatory submissions
• Conduct data analysis and research to surface operational trends, risks, and opportunities across FCM business lines
• Support readiness activities for new product launches and exchange/DCO memberships, including documentation of operating procedures and controls
• Facilitate cross-functional working sessions and serve as a liaison between business stakeholders and technical teams

What you'll need:

• 3+ years of relevant experience in business analysis, operations, or strategy within financial services; experience at or supporting a Futures Commission Merchant, broker-dealer, or fintech preferred
• Working knowledge of futures clearing, settlement, margin, and order management concepts
• Ability to write clear business requirements, process documentation, and functional specifications
• Experience supporting technology projects through requirements gathering, UAT, and go-live activities
• Strong written and verbal communication skills with the ability to work effectively across business and technical teams
• Familiarity with NFA and CFTC regulatory frameworks

Compensation:

The salary range for this role will be $140,000.00 - $190,000.00 USD. In addition, this position will also receive an annual target bonus of 15%. Bonus pay at NinjaTrader is based on individual performance (50%) as well as company/team performance (50%).

Salary and bonus earnings are only two components of the total compensation package offered by NinjaTrader. NinjaTrader offers a 401K plan through ADP under which the company will match up to 3.5% of employee contributions. Annual paid time off allowance accrues at a rate of 18 days per year plus seven paid holidays.

Location:

This role is based in Chicago, IL. We are not open to remote candidates for this role.

Hybrid:

For Chicago-based employees, we follow a hybrid work schedule: In-office Tuesday through Thursday, with remote work on Mondays and Fridays. In addition to these weekly remote days, we offer:

• 20 additional flex remote days annually
• 5 Company Wide Office-Optional weeks tied to major holidays