Associate Principal, Software Engineering: Risk Analytics

What You'll Do:

Software Engineer responsible of designing, building and testing Risk application interface for quantitative models.

Primary Duties and Responsibilities:

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

  • Obtain a solid understanding of the quantitative models and methodology used at the firm, as well as dependencies on individual applications.

  • Work with business users, business analysts, system analysts and other team members in understanding the requirements.

  • Analyze system requirements and create high quality system/software design.

  • Contribute towards build out of streaming architecture using Java, Spring framework, and Unix scripting.

  • Write test applications to validate results of quantitative models. Identify and resolve performance issues with test application.

  • Build unit and acceptance tests using Junit.

  • Measure and improve existing software efficiency, memory footprint, and computational efficiency.

  • Use application performance management tools such as AppDynamics and Splunk to measure, identify and resolve application weakness points.

  • Containerization and deployment of programs and systems.

Supervisory Responsibilities:

Supervise/mentor associate level software developers


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.

  • Required

    • Java (8/11/17) experience required.

    • Experience developing software using object-oriented designs, advance patterns, and multi-threading is required.

    • 5+ years of experience in building large scale, data-centric solutions. Out of which most recent 3 years must have been spent in working on production ready applications.

    • intermediate or higher knowledge of derivatives pricing models, econometrics models, and volatility surface modeling

    • knowledge of DevOps tools: Jenkins, Harness, Maven/Gradle, Nexus/Artifactory and CI/ CD pipeline

    • knowledge of version control, GitHub

  • Not required, but nice to have

    • basic cloud experience (preferably AWS), preferably project experience in developing enterprise cloud solutions.

    • some experience configuring and using Kubernetes & Helm

    • Experience with high-speed distributed computing frameworks Apache Flink, AWS EMR, Hadoop, HDFS, MapReduce, Apache Spark, Kafka Streams.

    • Experience with distributed message brokers Kafka, RabbitMQ, ActiveMQ, Amazon Kinesis, etc.

Technical Skills:

Java (8/11/17), Cloud (AWS), Apache Flink, Kafka, Jenkins, Harness, Maven/Gradle

Education and/or Experience:

BS or MS (or equivalent) degree in Computer Science, Engineering, Physics or Mathematics

Certificates or Licenses:

• Oracle Certified Professional Java SE 8/11/17 Programmer Certification is a plus
• AWS Certified Solutions Architect – Associate Level is a plus

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-3428
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Nov. 09, 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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