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Executive Director, Clearing Application Development

About Us

OCC, founded in 1973, is the world's largest equity derivatives clearing organization. OCC is dedicated to promoting stability and financial integrity in the marketplaces that it serves by focusing on sound risk management principles. We serve 16 options exchanges, 2 futures exchanges and 1 stock loan alternative trading system.  OCC has over 100 clearing members, including several of the largest U.S. broker-dealers.

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'll do

This is an IT leadership role at a highly regulated and systemically important financial institution.  The role requires an individual who can successfully help lead an engineering function in conjunction with other technology leaders. Strong technical and architecture skills, team leadership and development, Agile expertise, resource management discipline, and the ability to effectively execute on multiple fronts are baseline expectations for this role.  The firm is responsible for operating within the global financial market infrastructure as a critical service provider to market participants.  OCC places critical emphasis on compliance with applicable laws and regulations, and maintains high standards for information confidentiality, operational integrity and system availability.  This is a highly rewarding and challenging role that requires well developed leadership, problem solving, strategic decision making, and execution capabilities.  The candidate will also possess a willingness and demonstrated ability to drive change and improve processes.

Primary Duties and Responsibilities:

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

The Executive Director, Clearing, Pricing, and Risk is a proven leader who has a strong technical and development background.  This role is in the clearing technology space, and will work together with our technology, vendor and business counterparts to execute a large scale transformation effort. Domain expertise in central clearing of derivatives is a strong plus. Familiarity with options trading and trade processing beneficial.  Technical skillsets required include the ability to design and develop high performance resilient real time processing solutions. Experience with Java, Kafka, Kubernetes, cloud computing/AWS, and RDBMS solutions preferred.

  • Development skills should include the ability to design and develop scalable, flexible and resilient solutions. Experience implementing development best practices such as Continuous Integration (CI), Test Driven Development (TDD), defensive coding and code reviews required.
  • People leadership skills include hiring and mentoring members of the development team. Good communication skills required with the ability to explain technical concepts to a broader audience including senior management.
  • This role requires working ‘at scale’ with a team that is geographically diverse.  The individual should be comfortable working in a matrixed environment to set best practices across the clearing technology function with the ability to act as a leader and SME.
  • Success in this role requires the ability to efficiently work with other technology leaders and to define the technology stack, implement Agile processes, and perform ongoing  oversight of development activities.

In partnership with other IT leaders, this role will help the clearing technology organization to:

  • Work with technology leads to ensure consistent and best practice development practices are followed including relevant artifacts and ceremonies

  • Partner with technology management to help define the target architecture and architecture roadmap

  • Hire and mentor strong technical talent.

  • Provide transparency on development activities, including issue identification and resolution

Supervisory Responsibilities:

  • Manage development of core foundational technical components as well as select functional projects.

  • Manage resources against commitments to ensure high quality solutions are consistently delivered to established expectations.

  • Manage work performed by external vendors and consultant teams

What we need:


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.

Candidates will be evaluated based on their ability to demonstrate a proven track record of proficiency at the following competencies and organizational objectives:

  • Ability to quickly gain credibility as a strong engineering lead who can work with the clearing technology team to set best practices

  • Demonstrate and embed the behaviors and competencies that create a risk aware and regulatory compliance and internal control mindset within the organization.

  • Operate effectively as a member of the wider team through partnership, collaboration and influencing across the relevant business and technology functions and partner with leads in other technology domains.

  • Create and adhere to delivery roadmaps partnering with other leaders. Strong execution mindset.

  • Experience working and helping manage vendor relationships and vendor development partners

  • Large scale development project management experience needed and experience in large scale Agile programs a plus.

  • Ability to work in a fast paced environment and the ability to help identify and resolve risks and issues quickly

  • An ability to communicate complex and technical issues to diverse audiences, orally and in writing

  • People management skills including leading, coaching and mentoring team members

Technical Skills:

  • Solutions architecture experience. Ability to design and develop high performance and flexible solutions.

  • Financial industry experience and understanding derivatives trading required. Clearing and back office systems experience preferred. Knowledge of equity options and central clearing and related business cycles a plus

  • Experience in real time solutions leveraging Kafka and other event driven technologies

  • Experience in building high performance, scalable, flexible and resilient systems especially transaction processing systems preferred.

  • Experience with cloud computing required. AWS preferred.

Education and/or Experience:

Candidates will be evaluated primarily upon their ability to demonstrate the competencies required to be successful in the role, as described above. For reference, the typical work experience and educational background of candidates in this role are as follows:

  • Minimum of 12 years’ development experience within the financial industry

  • At least 5 years of clearing and back office domain expertise preferred

  • Experience developing high performance data and compute platforms at scale

  • Ability to coach and mentor developers at different levels

  • Proven ability to establish and execute technology best practices

  • Experience coaching Agile transformation efforts and leading Agile (preferably Scrum) development.

  • Preferred – prior leadership experience in guiding teams through cultural transformation.

  • Bachelor’s degree required in Computer Science or a technical discipline. Master’s degree preferred.

Certificates or Licenses:

  • N/A

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-2099
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Jun. 24, 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]).