All OCC employees are required to disclose their COVID-19 vaccination status to OCC’s Human Resources department, and provide acceptable proof of vaccination status, as applicable. In addition, OCC requires employees who enter one of its offices to be fully vaccinated against COVID-19 or submit to regular testing as a condition of employment, subject to reasonable accommodation.
Who We Are
The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.
What We Offer
A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:
A hybrid work environment, up to 3 days per week of remote work
Tuition Reimbursement to support your continued education
Student Loan Repayment Assistance
Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
Generous PTO and Parental leave
Competitive health benefits including medical, dental and vision
What You'll Do
Perform accurate transaction processing and activity monitoring in the areas of collateral, settlement and stock loan in accordance with OCC rules, policies and procedures. Interact with clearing members, banks and exchanges daily to help optimize the processing of collateral, settlement, and stock loan. Perform audits related to department functions and assist management in responding to internal and external audits requests. Assist in the writing and reviewing of OCC policies and procedures. Provide training and leadership to Collateral Services staff members.
Primary Duties and Responsibilities:
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
Accurately monitor and process collateral, settlement, and stock loan activity using OCC’s proprietary systems (such as Encore), multiple external bank systems, and other depository systems.
Interact daily with internal and external participants (including but not limited to co-workers, departments, clearing members, banks, and exchanges) by responding to inquiries and problems.
Review applicable rules, agreements, policies and procedures and perform scheduled audits to ensure the integrity of collateral.
Assist in the development and maintenance of OCC policies, Collateral Services procedures and training guides by writing, updating, and reviewing them.
Adhere to OCC’s policies, procedures, and rules.
Assist in various ad-hoc and corporate projects as assigned by management.
Other duties as assigned
The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.
Excellent oral and written communication skills
Excellent customer service skills
Ability to solve problems.
Ability to multitask in a dynamic environment
Ability to interact in a professional manner with internal and external participants (including but not limited to co-workers, management, clearing members, banks, and exchanges).
Ability to cover various shifts and work overtime, including weekends if conditions warrant.
Working knowledge of Microsoft Word, PowerPoint, and Excel (managing data, formulas, pivot tables, macros and lookup functions)
Education and/or Experience:
Bachelor’s degree in Accounting, Finance, or a related discipline or an equivalent combination of education and or experience
1 – 3 years of related work experience preferred.
Certificates or Licenses:
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.
You will receive an email notification to confirm that we've received your application.
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.
For more information about OCC, please click here.
OCC is an Equal Opportunity Employer