User acknowledges that it has reviewed the User Agreement and the Privacy Policy governing this site, and that continued use constitutes acceptance of the terms and conditions stated therein.

Dale Michaels
Executive Vice President, Financial Risk Management

Dale Michaels Dale Michaels is Executive Vice President, Financial Risk Management at OCC. OCC is the world's largest equity derivatives clearing organization and the foundation for secure markets.

In this role, Mr. Michaels is responsible for OCC's market, credit and liquidity risk, default management, customer margin methodologies and model development activities. He previously worked on the company's securities lending initiatives. Prior to joining OCC, he developed and directed various risk management functions as a Managing Director at CME Group, where also he led the integration of the risk management and clearing functions involving CME Group, The Chicago Board of Trade, the New York Mercantile Exchange and COMEX, creating significant capital and operational savings for market participants. Previously Mr. Michaels was a fixed-income trader and began his career at the Chicago Board of Trade serving as a financial analyst and then a staff economist.

Mr. Michaels received a Bachelor of Science in Finance and Economics from Illinois State University and earned his Masters of Business Administration in Finance from DePaul University. He also holds a Chartered Financial Analyst Designation.

Return to Executive Biographies