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Associate Principal, Internal Audit Quality Assurance

Who We Are:
    The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization and is dedicated to promoting stability and financial integrity in the marketplaces that it serves by focusing on sound risk management principles is seeking an Associate Principal, Internal Audit (IA) Quality Assurance (QA) to support the quality assurance efforts and confirm adherence to professional practices for the IA function. As the OCC is designated as a Systemically Important Financial Market Utility (SIFMU) indicating critical importance to US financial markets, the role will need an understanding of multiple standards, financial regulations, and professional requirements.

What You'll Do:
•    Developing, managing, maintaining, and executing a quality assurance methodology and processes aligned with Institute of Internal Auditors (IIA) standards and Federal Reserve (FED) supervision and regulation letters (e.g., SR 13-1). 
•    Complete Quality Assurance reviews, identifying thematic issues and root causes, and propose alternatives by partnering with IA Management to develop achievable solutions.  
•    Review and evaluate audit work papers to ensure they accurately support the work performed and conclusions reached, in accordance with department and IIA Standards. 
•    Maintain a detailed understanding of department policy, procedures, standards, and supporting technologies to identify potential risks or creative alternatives to mitigate risk exposure.
•    Confirm audit procedures are designed to effectively and efficiently assess relevant controls to support an opinion for the engagement. 
•    Propose changes to the Audit Methodology, incorporating updates to the IIA standards and FED supervision and regulation letters.
•    Keeping current with leading practices in the audit profession and make recommendations for process improvements.
•    Perform other duties as assigned.

•    Advanced knowledge of leading practices and trends in Internal Audit.
•    Advanced knowledge of the principles, practices, and techniques involved in conducting audits (including IT) 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), FED supervision, and regulatory letters.
•    Experience with IA QAIP.
•    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.
•    Strong problem solving and analytical capabilities. 
•    Strong interpersonal skills.
•    Experience working in a complex, fast paced environment required.
Technical Skills:    

•    Advanced Microsoft Office Suite (Excel, PowerPoint, Visio, and Word) skills.
•    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 preferred.
•    Proficiency using Archer or other audit/GRC software.
•    Knowledge of Tableau, ACL, or other data analytics tools preferable.
Education and/or Experience:    

•    Bachelor’s degree (or equivalent) in relevant fields including Accounting, Finance, Management Information Systems, Business Administration or related fields. 
•    Minimum of five years of audit experience in conducting risk-based information technology, operational and compliance audits and projects, business process reviews and internal audits across regulated environments.
•    Experience with an IA QA Program preferred.
•    Demonstrated experience with leading effective process change management.
•    Experience in financial services/ regulated capital markets infrastructure.  Experience with an exchange, regulator or clearing house desirable.
Certificates or Licenses:  

•    Certified Information Systems Auditor (CISA) is required.
•    Certified Financial Services Auditor (CFSA), Certification in Risk Management Assurance (CRMA), Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) is preferred.

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-2308
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Nov. 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]).