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Associate, Collateral Services

Summary

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.

  • Analyze collateral, settlement, and stock loan data by utilizing internal and external systems; present results in a professional and enriching manner to management and external parties.  

  • 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

Supervisory Responsibilities:

  • N/A

Qualifications:

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.

Technical Skills:

  • 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:

  • N/A

Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.  

Step 2
You will receive an email notification to confirm that we've received your application.

Step 3
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

Apply About OCC
  • REQ-2085
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Jun. 28, 2021

How to Apply

Step 1 - When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.

Step 2 - You will receive an email notification to confirm that we've received your application.

Step 3 - If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.

OCC is an Equal Opportunity Employer

Numerous studies have shown that people from groups that are traditionally under-represented in financial services apply to jobs only if they believe they meet 100% of the requirements. We want to break down this mindset to further diversify our workforce.

We encourage you to review our open positions and apply if you think your experience may be a match, even if you do not meet all of the qualifications. Your perspective may be an element we need to continue building innovative solutions to support the markets and market participants we serve.

OCC is a globally recognized entity that clears a multitude of diverse and sophisticated products. We want to reflect this in the diversity of our workforce.

This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as an endorsement, recommendation or solicitation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of the disclosure document, Characteristics and Risks of Standardized Options. Individuals should not enter into option transactions until they have read and understood this document. To obtain copies, contact your broker, any exchange on which options are traded, or The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 ([email protected]).