Principal, Project Risk Management

What You'll Do

The Third Party Risk Management (“TPRM”) department identifies, measures, monitors and reports risks presented to the organization by third parties through several phases: on-boarding/off-boarding, risk assessments, monitoring and issue management, and reporting. The department is also responsible for providing oversight of Renaissance Project related risks and providing reporting of them to the Risk Committee of the Board.

The Principal will assist the Executive Director of TPRM directly supporting Renaissance program management tasks including updating key risk indicators, assisting and leading presentations, and providing effective challenge to project risks. Additionally, the Principal will work across multiple lines of business to assist with TPRM efforts to monitor Renaissance third party relationships. Additionally, the Principal will provide support to Third Party Risk Management by responding to member requests.

Primary Duties and Responsibilities:

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

  • Review plans and activities related to mitigation, planning, control, review and reporting as well as identify project risks, and assist in continuous improvement of Renaissance project risk.

  • Work closely with different stakeholders across each project team and department to understand, identify, and provide effective challenge to risks that may impact the Renaissance Program.

  • Assist the Executive Director of TPRM with program management related tasks including documenting Key Risk Indicators, challenging program risks, and assisting with the creation of program reporting to the Board.

  • Present the status of Key Risk Indicators, reports, and risks to senior project management

  • Lead the creation and development of standardized reports, templates and scorecards used to inform management on Renaissance Program and Third Party related risks

  • Provide performance monitoring oversight of all Renaissance related vendors providing deliverables.

  • Oversee risk-based analysis, such as communication of identified risks to key stakeholders, organizing remediation action plans, and track and monitor identified Third Party and program risks to closure

  • Coordinate with both internal and external stakeholders and respond to Third Party requests related to OCC operations from Clearing Members, Banks, and other OCC Third Parties

  • Assist with team training

  • Assist with regulatory and audit requests

  • Lead special projects as assigned

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.

  • Ability to anticipate, draw conclusions, and adapt to changing needs and demands

  • Prior, Project Risk Management, Third Party Risk Management Audit or Enterprise Risk Management experience

  • Excellent verbal, written and interpersonal communication skills, including the ability to communicate effectively with all levels of staff and management

  • Strong analytical skills, problem solving, strategic thinking and reasoning abilities

  • A high degree of integrity, professionalism, and capacity to excel in a cohesive team environment

  • Ability to work independently on projects with little oversight or as part of a team

  • Detail oriented with the ability to multitask and quickly adapt to changing assignments

Technical Skills:

  • Proficient in Microsoft Word, Excel, Access, and PowerPoint

Education and/or Experience:

  • Bachelor’s Degree (or equivalent)

  • Undergraduate degree in Finance, Business or other related area

  • MBA or Master’s degree (preferred)

  • 7+ years of experience in Risk Management, Project Risk Management, Third Party Risk, Auditing or the equivalent

  • 6+ years of related work experience in vendor risk management, procurement or financial services industries

Certificates or Licenses:

  • Preferred CISA, CRISC, or other certifications for Security or Business Continuity

  • Preferred any Project Management Certification

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 2 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

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-3000
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Jan. 11, 2023

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.

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