Associate Principal, Treasury

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

Reporting to the Director, Treasury, the Associate Principal A, Treasury is responsible for supporting strategies, operations, and developing and administering policies & procedures related to the OCC treasury function. This includes cash management, credit facility management, property & casualty insurance, and payment processing.

Primary Duties and Responsibilities:

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

  • The Associate Principal A, Treasury will share cash desk responsibilities with 2 other members of the Treasury team. Primary cash desk responsibilities will rotate between the 3 team members on at least a daily or weekly basis. When not performing primary cash desk responsibilities, the Associate Principal A, Treasury will perform a critical review and verification of the primary cash desk responsibilities, in addition to other responsibilities.
  • Primary cash desk responsibilities:
    • Record transactions to daily cash desk ledger and perform critical verification twice per day
    • Enter new trades into the safekeeping portal
    • Invest excess funds in accordance with risk tolerances and approved investment guidelines
    • Verify investment maturity and interest proceeds are received on time
    • Perform reconciliation of current and prior day cash and investment balances to ledger balances
    • Perform flawless execution of wires, ACH’s, account transfers, checks, and other funding activities
    • Ensure bank accounts are funded appropriately
    • Escalate operational issues to banks and Treasury management as needed
    • Complete and distribute daily cash and investment reports to OCC management
  • Back-up cash desk responsibilities:
    • Review and verify current and prior day bank cash and investment balances to ledger balances
    • Review and verify collateral received from investment counterparties
    • Review and approve trades
    • Review and verify reconciliation of cash and investment balances
    • Review and approve wires, ACH’s, account transfers, checks, and other funding activities
    • Work with Accounting to ensure transactions are recorded on the general ledger
    • Perform other responsibilities as listed below:
  • Assist with month-end, quarter-end, and year-end cash management related closing activities
  • Review account analysis statements for accuracy and provide actual and budget information as needed. Recommend target balances, process improvements, and alternative transaction types to reduce bank fees and improve efficiency
  • Develop strong working relationships with OCC staff members and banking partners
  • Collaborate with team members and cross-functional groups within OCC to prioritize, organize, and accomplish department goals
  • Ensure compliance with key treasury controls and maintain departmental process, control, and policy documents. Assist in identifying inefficiencies and implementing process improvements. Participate in automation initiatives and subsequent management of automation process
  • Provide support on all Treasury-related audit and compliance related requests and inquiries
  • Participate in the quarterly management self-testing process
  • Review, maintain, and update all bank account documentation, including authorized employee list for each bank account. Coordinate desired changes to banking services with banks and internal department
  • Support negotiation and documentation of various treasury agreements (e.g., cash management, reverse repo, etc.)
  • Act as liaison between OCC and designated settlement banks, deposit banks, and investment counterparties. Provide feedback when appropriate
  • Monitor bank and investment counterparty operational performance and participate in monthly and annual bank counterparty performance reviews
  • Assist with administering corporate insurance and risk management program including development and update of exposure worksheets, invoice tracking and preparation for approval with appropriate accounting allocation, maintain copies of binders, invoices, policies, and endorsements upon receipt from broker, claims, certificates of insurance, coordination with insurance broker, and administrative and analytical support during annual insurance renewal
  • Provide support for liquidity facility activities including test draws and related monitoring and documentation relative to policies and procedures
  • Assist in renewal of liquidity facilities including development and update of related presentations to bank participants and management
  • Assist with the annual budget and forecasts under the direction of Treasury Management
  • Support capital planning and liquidity forecasting processes and activities
  • Provide assistance on special projects in relation to the Treasury function
  • Perform other duties 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.

  • [Required] Strong analytical and communication skills
  • [Required] Absolute discretion and confidentiality regarding sensitive information
  • [Required] Self-motivated and dependable, positive attitude and strong work ethic
  • [Required] Ability to prioritize, manage multiple projects, and execute swiftly with attention to detail in a fast-paced and dynamic environment
  • [Required] Knowledge of commonly used finance concepts, practices, and procedures
  • [Required] Familiarity with liquidity management including investment and borrowing activities
  • [Required] Operating experience with online bank platforms, Bloomberg, ERP systems
  • [Preferred] Familiarity with property & casualty insurance in a corporate environment
  • [Preferred] Operating experience with Treasury Management Systems

Technical Skills:

  • [Required] Proficient with Microsoft Office
  • [Required] Advanced/expert skills in Excel

Education and/or Experience:

  • [Required] Bachelor’s degree in Finance, Accounting, Economics, Business
  • [Required] 5+ years of experience in a Corporate Treasury, Banking, or Corporate Finance role

Certificates or Licenses:

[Preferred] CTP

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-2799
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Jul. 26, 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.

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