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Associate Principal, Quantitative Risk Management

Name of Employer:

The Options Clearing Corporation

Job Title:

Associate Principal, Quantitative Risk Management

Location:

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

Duties:

Responsible for  one or more functions within Quantitative Risk Management (QRM) to develop and maintain model analytics and performance monitoring. Collaborate with other quantitative analysts, business users, data and technology staff, and model validation colleagues to implement new analytics and enhance existing tools. Maintain and build data models to ensure information is available in our analytics warehouse for downstream uses, such as analysis and dashboard development. Perform model performance testing, including portfolio back-testing using historical data. Support the launch of new products by enhancing monitoring capabilities. Create documentation and testing to ensure data is accurate and easily understandable. Perform model development, prototyping and database manipulation using SQL, Python, R and cloud-based systems such as AWS, Azure and Google Cloud Platform. Perform data analysis such as concept based quantitative analysis, time series analysis and GARCH, and machine learning techniques using Scikit-learn, TensorFlow. Conduct ongoing performance monitoring of applications and implement data visualization dashboards using analytic tools such as Alteryx, Tableau, Power BI. Deploy applications using code depository tools such as Git, GitHub. Discover and share best practices for data and analytics engineering with members of the team. Invest in continued learning on data and analytics engineering best practices and evaluate them for fit in improving maintainability and reliability of analytics infrastructure. Up to 40% telecommuting permitted. *This position qualifies for The Options Clearing Corporation’s Employee Referral Program.*

Education & Experience Required:

Master’s degree in CS, mathematics, engineering, finance or related and three (3) years of experience as a  quantitative analyst, data science engineer, BI developer, BI analyst, analytics lead or related.  

Special Skills Required:

Must have work experience with each of the following: 1)  Perform model development , prototyping and database manipulation using SQL, Python, R and cloud-based systems such as AWS, Azure and Google Cloud Platform; 2) Perform data analysis such as concept based quantitative analysis, time series analysis and GARCH, and machine learning techniques using Scikit-learn, TensorFlow; 3) Conduct ongoing performance monitoring of applications and implement data visualization dashboards using analytic tools such as Alteryx, Tableau, Power BI; and 4)  Deploy applications using code depository tools such as Git, GitHub.

Salary

$167,000-$233,100

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-3641
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Jan. 26, 2024

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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