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Senior Quantitative QA Analyst

Name of Employer:

The Options Clearing Corporation

Job Title:

Senior Quantitative QA Analyst

Location:

125 S. Franklin Street, Suite 1200, Chicago, IL 60606

Duties:

Drive business analysis and generation of functional and non-functional test cases for complex business and technical deliverables. Contribute to training, cross training for the model engineering team. Implement QRM model white paper and perform model testing for options and future products such as Asian/Cliquet Option, VA/VX, energy future and EVT. Support and maintain unit testing framework in harness using R and Java development tools and develop sustainable data acquisition logic using SQL query from database sources. Perform model research and validation work, including data analysis, model certification and discrepancy analysis on model library issues using visualization, exploratory analysis and regression tools, as well as Monte Carlo simulation, GARCH, and EWMA. Review Business Requirement Document (BRD) and Functional Requirement Document (FRD) to make sure quantitative requirements are well captured. Create detailed Quantitative Requirements Document (QRD) as a reference for project team when necessary. Create Quantitative Validation Approach Document (QVAD) per QRD using mathematical measurements and calculations, statistical modeling and research. Design integration and system test plans per the QVAD. Develop programs or scripts to verify model code thoroughly. Own integration validation programs for model code. Promote the usage of the automated program to team members, colleagues, or business users. Review test programs created by team. Mentor junior team members. *This position qualifies for The Options Clearing Corporation’s Employee Referral Program.*

Education & Experience Required:

Master’s degree in financial engineering, mathematics or statistics and two (2) years of experience in quantitative analysis.

Special Skills Required:

Must have work experience with each of the following: 1. Implementing QRM model white paper and performing model testing for options and future products such as Asian/Cliquet Option, VA/VX, energy future and EVT; 2. Supporting and maintaining unit testing framework in harness using R and Java development tools and developing sustainable data acquisition logic using SQL query from database sources; and 3. Performing model research and validation work, including data analysis, model certification and discrepancy analysis on model library issues using visualization, exploratory analysis and regression tools, as well as Monte Carlo simulation, GARCH, and EWMA.

Salary

$117,839.00-$141,364.00

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-1941
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Feb. 18, 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]).