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Senior Associate, Compliance Monitoring


All OCC employees are required to disclose their COVID-19 vaccination status to OCC’s Human Resources department, and provide acceptable proof of vaccination status, as applicable. In addition, OCC requires employees who enter one of its offices to be fully vaccinated against COVID-19 or submit to regular testing as a condition of employment, subject to reasonable accommodation.

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

This role is as an integral part of the Compliance Department and will interact frequently with OCC’s business departments.  With oversight by the Department’s managerial staff, the Senior Associate will conduct the Compliance Testing, which will include, but not be limited to, reviewing remediation items prior to Internal Audit validation and performing necessary design and operational assessments. 

Primary Duties and Responsibilities:

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

General Responsibilities

  • Work directly with business units to support compliance related activities.

  • In conjunction with managers, develop comprehensive and sustainable solutions for business units to consider as part of their efforts to demonstrate compliance and operational resiliency.

  • Identify opportunities for increased effectiveness and efficiency in current compliance processes.

Compliance Testing Responsibilities

  • Partner with third line to understand requirements for remediated findings.

  • Review remediated findings submitted by business owners prior to third line validation.

  • Work with the Regulatory Compliance Advisory and Enterprise Risk Management teams to provide constructive feedback to business owners on reviewed findings.

  • Identify trends in remediation gaps in order to highlight training or education opportunities.

  • Proactively communicate with stakeholders on any findings where remediation has not been adequately addressed.

  • Review policy, procedures and controls for design and operating effectiveness resulting from regulatory changes, monitoring and metrics, management request or other triggering events.

  • Perform Quality Assurance reviews on the quarterly Management Self Testing of controls as needed.

Process Oversight Responsibilities

•    Manage workflow of testing team, ensuring adherence to SLAs

•    Track trends in remediation gaps and work with Compliance Advisory team to    structure training designed to enhance adherence to the Findings Remediation Process.

Supervisory Responsibilities:

  • N/A


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.

  • Strong attention to detail and analytical skills including data analytics and reporting.

  • Strong interpersonal skills, including excellent written and oral communication skills.

  • Ability to think creatively and present ideas clearly.

  • Ability to manage multiple tasks/projects and deadlines simultaneously, as well as shifting priorities.

  • Ability to interact and collaborate with all levels of the organization and across a multitude of departments is essential.

  • Comprehensive analytical, conceptual, and problem-solving skills.

  • Bachelor's Degree required.

Technical Skills:

  • Microsoft Office Proficiency including advanced Excel, PowerPoint and Word

  • Experience with eGRC tools, preferably RSA Archer

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-2503
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Mar. 22, 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]).