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Associate Principal, Internal Audit Business & Risk

About Us

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 will do:

The Senior Auditor (titled Associate Principal) is within our Business & Risk team and will lead audits of related to complex business processes and support the strategic goals of the audit function.  The Senior Auditor is responsible for understanding the complexity of the business operations and aligning audits to relevant regulatory, operational, and strategic risks and presenting recommendations for improvements to senior leadership.  

Responsibilities:

  • Defining and leading the execution of audit projects in accordance to the annual audit plan. 
  • Providing oversight and coaching the internal team, both internal and/or co-sourced resources, confirming the delivery, quality and auditee experience.
  • Planning, leading and reporting for risk based special request audit assignments. 
  • Ability to clearly articulate professional principles and standards (i.e., AICPA, IIA IPPF, COSO, and CPSS-IOSCO) 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.
  • Owning the audit quality, accuracy of results, and delivery in a timely manner.
  • Proactively identifying regulatory, operational, and/or strategic risks to the organization and deliver recommendations for improvements to senior leadership.
  • Identifying and analyzing root cause exceptions or inefficient practices and partnering with management provide advice and recommendations develop achievable solutions.
  • Developing and maintaining effective relationships with business groups and leadership and partnering with management.
  • Maintaining an understanding of policies, procedures, standards, and supporting technologies to effectively identify potential risks and creative alternatives to mitigate risk exposure.
  • Keeping current on leading practices and emerging risks within the financial services industry and making recommendations for improvements as necessary.
  • Serving as a liaison with external parties and regulators to facilitate timely and efficient external reviews, knowledge transfer, and controls and process education.
  • Perform other duties as assigned

Qualifications: 

  • Knowledge of 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).
  • Demonstrated ability to gather, analyze, and evaluate facts, and prepare and present concise oral and written reports.
  • Ability to communicate clearly and effectively, both orally and in writing, including the ability to handle potentially sensitive situations and discussions.
  • Ability to work independently or as part of a team, prioritizing multiple audit assignments to simultaneously complete each in a timely fashion.
  • Demonstrated leadership and coaching abilities of staff level resources.
  • Strong problem solving and analytical capabilities.
  • Strong proficiency using Archer or other audit or Governance Risk and Compliance (GRC) software.
  • Bachelor’s degree (or equivalent) in Accounting, Finance, Business Administration or related field.
  • Experience working in a complex, fast paced environment required.
  • Consulting/accounting firm experience is a plus.
  • 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, a plus.
  • Demonstrated success in leading audit projects and implementing audit leading practices in a complex environment. 
  • Strong customer service and collaboration skills required.
  • Effective influence, analytical and verbal/written communication skills required.
  • Certified Financial Services Auditor (CFSA), Certification in Risk Management Assurance (CRMA), Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) a plus.
  • Minimum of three years of audit experience in conducting risk-based operational and compliance audits and projects, business process reviews and internal audits.

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-2156
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Aug. 16, 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]).