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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:

Responsible for model development of pricing and margin risk models. Perform developmental analysis to justify modeling assumptions. Write and review high-quality model documentation meeting industry standards. Perform model performance testing, including portfolio back-testing using historical data. Design, implement and maintain comprehensive model prototypes, model library and model testing tools. Communicate model analysis and collaborate with cross-functional departments. Conduct peer review of complex models and algorithms. Support the launch of new products in pricing and clearing. Design the algorithms, develop and maintain the prototype code in Python for model enhancement, such as the construction of term-structure dividend yield. Collect and analyze data for the forward behavior for long-dated options and model limitations of Asian options, conduct impact analysis on contract and portfolio levels, and propose improvements.  Conduct analysis using latest research and regulatory guidance on pro-cyclicality behavior of production risk models and new models in development. *This position qualifies for The Options Clearing Corporation’s Employee Referral Program.*

Education & Experience Required:

Master’s degree in finance, financial mathematics or related and one (1) year of quantitative analysis experience.

Special Skills Required:

Must have work experience with each of the following: 1) Designing the algorithms, developing and maintaining the prototype code in Python for model enhancement, such as the construction of term-structure dividend yield; 2) Collecting and analyzing data for the forward behavior for long-dated options and model limitations of Asian options, conducting impact analysis on contract and portfolio levels, and proposing improvements; and 3) Conducting analysis using latest research and regulatory guidance on pro-cyclicality behavior of production risk models and new models in development.

Salary

$100,900-$121,500

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-2749
  • 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]).