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Senior Associate, Risk Advisory Services

COVID-19

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

About Us

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

Summary

This role will be viewed as an integral part of the FRM RAS and will interact with OCC’s FRM teams, including Credit Risk, Market Risk and Default, Pricing and Margins, Stress Testing, Liquidity and Quantitative Risk Management. The FRM RAS Specialist will support, execute, and lead activities across the RAS function, with day-to-day responsibilities, as well as ad-hoc assignments or projects, related to GRC. The focus of the role is advisory in nature to support, monitor, and enhance the governance, risk, and compliance activities within FRM.

Demonstrate understanding of OCC’s Framework for Risk Management and work with Financial Risk Management on risk management capabilities, systems and processes across all areas including, credit, market, liquidity, stress testing, and default management

This person will assess current systems and capabilities and support enhancements needed to be at the leading edge of GRC practices.  The projects related to those enhancements would be supported by this individual to promote successful implementation and conclusion.

Awareness of overall industry initiatives and regulatory landscape and rules is necessary to support OCC in the development of GRC practices that provide OCC with greatest benefit. 

Communicating relevant GRC information to various staff, reviewing controls are in place, and coordinating with other areas of the organization. 

Primary Duties and Responsibilities:

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

General Responsibilities

  • Learn, develop, and advance financial risk and GRC knowledge through practical experience and ongoing training.
  • Develop, with RAS Management, comprehensive and sustainable solutions for business units to consider as part of their efforts to demonstrate compliance and operational resiliency.
  • Engage and advise on projects and ad-hoc activities that support OCC’s FRM program.
  • Support business units’ preparation and execution throughout regulatory examinations and other internal or external reviews.
  • Monitor, support, and document remediation activities of FRM and escalate issues, as necessary.
  • Assist with the creation, development, and maintenance of the FRM Department’s internal policies, procedures, processes, controls, and risk statements.
  • Identify opportunities and solutions for increased efficiency in processes and controls.
  • Compile, draft, review, and deliver reports to FRM leadership that contain insights or trends related to FRM activities.

Supervisory Responsibilities:

N/A

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.

  • Awareness of and ability to understand Central Counter Party (“CCP”) regulatory requirements.
  • Experience with internal controls, risk assessment strategies, audit techniques, and project management.
  • Ability to understand and analyze complex processes, including identification and implementation of recommended solutions.
  • Experience performing inherent and residual risk assessments and assessing design and operational effectiveness of applicable controls. 
  • Must be able to work in a team environment
  • Must possess strong oral and written communication skills with both business and quantitative departments.
  • Demonstrated analytical and problem-solving skills and the ability to work in fast paced collaborative environment
  • Good presentation skills
  •  Must be able to work under deadlines and manage multiple tasks

Technical Skills:

  • Proficient use of the MS Office suite, with emphasis on Excel, PowerPoint, and Word.
  • Experience with Governance and Risk & Compliance Software such as Archer.

Education and/or Experience:

  • Bachelor of Science in Finance, Accounting, Business or a related discipline.
  • Two to four years of experience with audit, compliance and enterprise risk approaches within SEC or CFTC regulated businesses.
  • Experience working within teams and cross-functionally.
  • Experience within Capital Markets, SIFMU, CCP and/ or Financial Services preferred.
  • Strong customer service and collaboration skills. 
  • Strong influence, analytical and verbal/written communication skills.

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-2443
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Apr. 4, 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]).