Associate Principal, Financial Risk and Data Analytics
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
The Associate Principal, Financial Risk Oversight (FRO) provides critical support to the senior leadership of FRO by monitoring OCC’s adherence to its risk tolerances, developing risk reporting, and monitoring and challenging the effectiveness of OCC’s financial risk management framework. The role will involve close collaboration with the broader Corporate Risk Management team as well as other key OCC stakeholders.
- Assist the FRO Team in implementing risk management oversight activities to assess, monitor, and report on the adequacy and effectiveness of OCC’s management of financial risk. This includes, but is not limited to:
- Support system, data, and risk oversight methodology development
- Review data and risk methodologies during annual reviews
- Identify underlying methodology assumptions with a comprehensive set of special cases
- Evaluate different possible approaches/enhancements
- Monitor enhancements to risk methodologies through full lifecycle events
- Develop, conduct, and maintain advanced data analytics and reporting through data interpretation and analysis by integrating various reporting components and techniques from multiple data sources to identify and analyze causal links and meaningful relationships (e.g., correlations, distributions, percentiles) across large and/or multi-sourced data sets, and deliver compelling and easy to understand narratives of those insights to support executive decision making
- Utilize in-depth knowledge of statistical concepts in the development of data collection methods (e.g., data mining) and visualization techniques
- Create, analyze, and monitor key performance, risk, and control indicators to support management and board-level reporting
- Track and remediate identified audit and exam issues as well as business area self-identified issues and findings
- Assist in the creation and modification of policies, procedures, and departmental trainings
- Support management with special projects and other duties as assigned
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
- Critical thinking skills and the ability to understand and manipulate data to provide insight observations, identify trends, and communicate these effectively
- Understanding of securities/derivatives markets and risk management
- Knowledge of regulatory rules and regulations related to the SEC/CFTC
- 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
- Ability to think creatively and present ideas clearly
- Excellent organization skills – must be detail oriented
- Strong interpersonal skills, including excellent written and oral communication skills
- Experience in designing and producing quality reports and presentations with a focus on attention to details
- Ability to interact and collaborate with all levels of the organization and across a multitude of departments
- Ability to manage multiple tasks/projects and deadlines simultaneously, as well as the ability to adapt to shifting priorities
- Experience supporting department efforts in internal audits or regulatory exams, including responses and remediation action plans
- Advanced proficiency in Microsoft Excel and Microsoft PowerPoint
- Proficiency with data visualization software such as Tableau or Power BI
- Experience with Alteryx or similar ETL tool
- Experience with on-prem databases and APIs to access data
- Experience with Python, R, SQL, and/or VBA
Education and/or Experience:
- 3+ years of hands-on data analytics, science, and/or engineering experience required
- 3+ years of financial services, risk management, compliance, and/or audit experience required
- Bachelor and/or Masters degree in relevant quantitative/analytical field preferred
Certificates or Licenses:
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.
You will receive an email notification to confirm that we've received your application.
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
- Chicago - 125 S Franklin
- Full Time Regular
- Posted: Nov. 03, 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.