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Associate Principal, Quantitative Risk Management

Name of Employer:

The Options Clearing Corporation

Job Title:

Associate Principal, Quantitative Risk Management

Location:

125 S. Franklin Street, Suite 1200, Chicago, IL 60606

Duties:

Develop models for pricing, margin risking and stress testing of financial products and derivatives. Design, implement and maintain model prototypes, model library and model testing tools using best industry practices and innovations. Perform model performance testing, including portfolio back-testing using historical data. Review implementation of models and algorithms focusing on requirement verification, coding, and testing quality. Conduct comprehensive quality assurance testing on model library including constructions of test cases, automation of model unit testing and creations of reference models if needed. Participate in model code reviews, model release testing (including margin impact analysis and baseline support and troubleshooting during model library integration with production applications) and production support. Create, design and code algorithmic models on futures, options and other financial products for back testing and stress testing. Apply advanced mathematical and statistical models, such as Copula, extreme value theory, and Black-Scholes, in developing risk models and risk management systems. Enrich R and Python code and use SQL to get data from different databases via SQuirrel SQL Client and Microsoft SQL Server. *This position qualifies for The Options Clearing Corporation’s Employee Referral Program.*

Education & Experience Required:

Master’s degree in finance, financial engineering or financial mathematics and two (2) years of experience as a quantitative analyst.

Special Skills Required:

Must have work experience with each of the following: 1) Creating, designing and coding algorithmic models on futures, options and other financial products for back testing and stress testing; 2) Applying advanced mathematical and statistical models, such as Copula, extreme value theory and Black-Scholes, in developing risk models and risk management systems; and 3) Enriching R and Python code and using SQL to get data from different databases via SQuirrel SQL Client and Microsoft SQL Server.

Salary

$100,900.00 – $121,500.00

Apply:

Apply online at www.theocc.com. No calls. EOE.

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-2741
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Jun. 14, 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]).