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Associate Principal, Internal Audit Business & Risk

Who We Are

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

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

This role will support and lead independent assessments of OCC's financial and operational business processes, risk management, and other objectives as needed. The role is responsible for determining the sufficiency of management's controls and activities related to the management of regulatory, operational, and strategic risks and presenting recommendations for improvements to the engagement management and the auditee.

Primary Duties and Responsibilities:

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

Responsibilities will be aligned, but not limited, to three pillars:

Delivery

  • Support the team, both OCC and/or co-sourced resources, on delivery of assigned audits within the annual audit plan.  

  • Support the team, both OCC and/or co-sourced resources, confirming a professional auditee experience. 

  • Owning the audit quality, accuracy of results, and delivery in a timely manner.

  • Proactively identify regulatory, operational, and/or strategic risks to the organization and bring them to your engagement team.

  • Evaluate exceptions or inefficient practices for root causes and propose advice and recommendations for achievable solutions.

  • Leading audits related to organization changes including business requirements definitions, technology implementations (e.g., changes to the supported business processes), engagement and alignment of change initiatives to business objectives.

Quality

  • Maintaining an understanding of policies, procedures, standards, and supporting technologies, and educating staff accordingly, to effectively identify potential risks and alternatives to mitigate risk exposure leveraging leading practices.

  • Ability to understand professional principles and standards (e.g., AICPA, IIA IPPF, COSO) and the relevancy to risk management and impact on policies and procedures. In addition, leveraging these principles and standards to test and evaluate corporate risk management processes and controls.

  • Keeping current on best practices and emerging risks within the financial services industry and making recommendations for improvements as necessary.

Leadership

  • Supporting effective relationships with business groups and leadership and partnering with management 

Supervisory Responsibilities:

None

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.

Qualifications & Experience will be required, but not limited, to:

Qualifications

  • Ability to communicate clearly and effectively, both orally and in writing, including the ability to handle potentially sensitive situations and discussions.

  • Strong problem solving and analytical capabilities.

  • Demonstrated ability to gather, analyze, and evaluate facts, and prepare and present concise oral and written reports.

  • Ability to work independently or as part of a team, prioritizing multiple audit assignments to simultaneously complete each in a timely fashion.

Experience

  • Experience working in a complex, fast paced environment.

  • Experience using the principles, practices, and techniques involved in conducting audits in accordance with the requirements set forth in the International Standards for the Professional Practice of Internal Auditing published by the Institute of Internal Auditors (IIA).

  • [Preferred] Consulting and/or accounting firm experience.

  • [Preferred] Experience in Financial Services/Security Industry and working with regulatory organizations such as: Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Financial Industry Regulatory Authority (FINRA), Federal Reserve.

Technical Skills:

  • [Required] Microsoft Office applications

  • [Preferred] Proficiency using Archer or other audit or Governance Risk and Compliance (GRC) software

Education and/or Experience:

  • [Required] Bachelor’s degree (or equivalent) in Accounting, Finance, Business Administration or related field

  • [Required] 2+ years of experience (audit-related) in conducting risk-based operational and compliance audits and projects, business process reviews and internal audits

Certificates or Licenses:

  • [One of these preferred] Certified Financial Services Auditor (CFSA), Certification in Risk Management Assurance (CRMA), Certified Internal Auditor (CIA) or Certified Public Accountant (CPA), or equivalent.

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-2746
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Jun. 17, 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]).