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Associate Principal, Financial Risk Oversight

Who We Are

About Us

The Options Clearing Corporation (OCC) is the largest equity derivatives organization in the world.  We provide central counterparty clearing and settlement services for equity options, futures, options on futures, and securities lending transactions.  We serve approximately 115 clearing members and 15 exchanges including CBOE, Nasdaq, and NYSE.

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 with 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
  • 401k contribution matching program

Summary

What You’ll Do

The Associate Principal, Financial Risk Oversight (FRO) provides critical support to the senior leadership of FRO by monitoring OCC’s adherence to its risk tolerances, developing risk reporting, and monitoring and challenging the effectiveness of OCC’s financial risk management framework. The role will involve close collaboration with the broader Corporate Risk Management team as well as other key OCC stakeholders.

Primary Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

  • Assist the FRO Team in implementing risk management oversight activities to assess, monitor, and report on the adequacy and effectiveness of OCC’s management of financial risk. This includes, but is not limited to:
  • Support system, data, and risk oversight methodology development
  • Review data and risk methodologies during annual reviews
  • Identify underlying methodology assumptions with a comprehensive set of special cases
  • Evaluate different possible approaches/enhancements
  • Monitor enhancements to risk methodologies through full lifecycle events
  • Develop and conduct advanced data analytics and reporting to identify and analyze causal links and meaningful relationships (e.g., correlations, distributions, percentiles) across large and/or multi-sourced data sets, determine best methods and visuals to communicate analytical insights, and deliver compelling and easy to understand narratives of those insights to support executive decision making
  • Assist in the creation of departmental trainings
  • Support management with special projects and 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.

  • Demonstrated analytical and problem-solving skills and the ability to work in a collaborative environment
  • Understanding of securities/derivatives markets and risk management
  • Knowledge of regulatory rules and regulations related to the SEC/CFTC
  • Knowledge of the financial services industry, including the financial, market, liquidity and operational risks of broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities
  • Ability to think creatively and present ideas clearly
  • Excellent organization skills – must be detail oriented
  • Strong interpersonal skills, including excellent written and oral communication skills
  • Experience in designing and producing quality reports and presentations with a focus on attention to details
  • Ability to interact and collaborate with all levels of the organization and across a multitude of departments is essential
  • Ability to manage multiple tasks/projects and deadlines simultaneously, as well as the ability to adapt to shifting priorities
  • Experience supporting department efforts in internal audits or regulatory exams, including responses and remediation action plans

Technical Skills:

  • Advanced proficiency in Microsoft Excel and Microsoft PowerPoint
  • Proficiency with data visualization software such as Tableau or Power BI
  • Experience with Alteryx or similar ETL tool
  • Experience with on-prem databases and APIs to access data
  • Experience with Python, R, SQL, and/or VBA

Education and/or Experience:

  • 3+ years of hands-on data analytics, science, and/or engineering experience required
  • 3+ years of financial services, risk management, compliance, and/or audit experience required
  • Bachelor and/or Masters degree in relevant quantitative/analytical field 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-2611
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: May. 3, 2022

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]).