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Senior Associate, Credit Risk Management


As a member of OCC’s Credit Risk Management team you will help safeguard OCC from counterparties who exhibit elevated credit or operational risk or lack appropriate risk management programs.  Senior Associates are responsible for identifying, measuring, monitoring, managing, and reporting various risks and exposures introduced to OCC by clearing members, banks, and other critical counterparties.  Senior Associates understand the risks present within the clearing industry and/or the participating financial entities, including broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities.  Senior Associates build and manage overall risk profiles of counterparties through several direct and ancillary processes.

Primary Duties and Responsibilities:

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

  • Monitor ongoing creditworthiness of counterparties and their compliance with OCC rules and other regulatory requirements, material news and event disclosures, interact with counterparties to identify root cause of issues or concerns, and escalate issues requiring enhanced surveillance to department management and internal working groups so appropriate actions can be taken
  • Independently analyze financial statements to identify levels and trends in key metrics and ratios
  • Perform and document assessments on clearing member’s risk management policies, procedures, processes, staff, and systems to understand how the member is mitigating its risk to OCC 
  • Manage the applications of new counterparties and document results for presentation to senior management and Board Risk Committee for approval
  • Collaborate with other Financial Risk Management teams and counterparty-facing departments to assess all risks posed by counterparties
  • Ensure counterparty inquiries are addressed regarding OCC risk policies and procedures as well as time-sensitive questions regarding margin requirements and position movements
  • Support system, data, and risk methodology development, review data and risk methodologies during annual reviews, and identify underlying methodology assumptions with a comprehensive set of special cases
  • Develop and conduct advanced data analytics and reporting to identify and analyze causal links and meaningful relationships (e.g., correlations, distributions, percentiles) across large and/or multi-sourced data sets, determine best methods and visuals to communicate analytical insights, and deliver compelling and easy to understand narratives of those insights to support executive decision making
  • Develop, maintain, and adhere to written policies and procedures
  • Participate in procedure-related control testing activities
  • Support regulatory reporting obligations

Supervisory Responsibilities:

  • None


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.

  • Demonstrated analytical and problem-solving skills and the ability to work in a collaborative environment
  • Ability to read and understand financial statements, brokerage statements, and accounting records
  • Basic knowledge of regulatory rules and regulations related to the SEC/CFTC
  • Excellent organization skills – must be detail oriented
  • Strong verbal and written communication skills
  • Comfortable working in a customer service-oriented environment and addressing questions from both OCC colleagues and OCC counterparties, engaging users to understand issues and identify root causes, escalating incidents to appropriate teams, and collaborating with others to ensure timely resolution and user satisfaction
  • Ability to work well under pressure with multiple priorities and time-sensitive deadlines
  • Knowledge of the financial services industry, including the financial, market, liquidity and operational risks of broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities preferred
  • Proficient understanding of securities markets, derivatives, and option trading strategies preferred
  • Ability to perform counterparty credit analysis including a basic understanding of the CAMEL(S) rating methodology and other rating systems preferred

Technical Skills:

  • Proficient in Microsoft Office, including Excel experience using lookups and pivot tables to perform data analysis, and comfortable developing PowerPoint presentations
  • Coding experience with SQL and other data analytics tools (e.g., Tableau, Python, R, VBA macros) preferred
  • Programming experience to help build and maintain the team’s self-automated processes preferred
  • Experience using Bloomberg and/or S&P Global Market Intelligence, and the technical ability to connect these tools to Excel preferred

Education and/or Experience:

  • Bachelor’s degree (preferably in Risk Management, Accounting, (Computational/Quantitative) Finance, or Economics) or equivalent work experience
  • 2-4 years of counterparty credit risk or relevant financial services industry experience
  • Master’s degree or progress towards a Master’s degree (preferably in Risk Management, Accounting, (Computational/Quantitative) Finance, or Economics) preferred

Certificates or Licenses:

  • Desire to earn, or progress towards, a CFA or FRM certification

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-2126
  • Dallas, TX
  • Full Time Regular
  • Posted: Jul. 28, 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]).