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Executive Principal, Securities Lending

Who We Are

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’ll Do

The Executive Principal – Securities Lending is responsible for developing and executing a strategic roadmap for enhancing and growing OCC’s securities finance business. This includes OCC’s stock loan business, but other related products are in scope as well (e.g. Equity Derivatives). The Executive Principal will manage and be supported by the securities finance team, which is responsible for promoting and executing upon projects with guidance and approval from Management. The ideal candidate is driven to deliver innovation and improvements to the securities lending market.

Primary Duties and Responsibilities:

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

  • Work with the industry to determine product and service enhancements.

  • Work with internal teams to address risk or operational issues with securities finance clearing.

  • Incorporate internal and external feedback into the product’s strategic roadmap.

  • Inform OCC executive management about industry trends and gain approval for projects.

  • Work with legal and regulators on regulatory filings associated with changes.

  • Be a subject matter expert that can educate and answer questions from OCC staff and respond to relevant participant inquiries.

  • Represent OCC externally through working groups, articles, speeches, panels and at conferences.

  • Keep abreast of industry trends, including new system, regulatory and service requirements.

Supervisory Responsibilities:

  • None to start

Qualifications:

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.

  • Extensive industry knowledge and contacts.

  • Experience with middle and back-office processing of security lending operations.

  • Skilled at synthesizing complex ideas into understandable presentations.

  • Outstanding verbal and written communication skills.

  • Experience managing a department including the staff, budgeting, expenses, hiring, etc.

  • Proven ability to develop relationships and grow a business.

  • Experience developing and maintaining financial models

  • Experience working with vendors to help deliver systemic changes

  • Experience with and/or knowledge about distributed ledger technology is a plus

  • Experience with clearing is a plus

Technical Skills:

  • Experience with standard Office applications

  • Experience with and/or knowledge about distributed ledger technology is a plus

Education and/or Experience:

  • Masters or equivalent

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-2295
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Nov. 11, 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]).