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Director, Financial Risk Management (FRM)

Name of Employer:

The Options Clearing Corporation

Job Title:

Director, Financial Risk Management (FRM)

Location:

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

Duties:

Serve as a resource to clearing members and other departments with problem resolution and departmental policy explanation. Interact with regulators, exchanges and other external parties in explaining company’s risk management systems. Recommend and implement new and improved procedures, controls and processes. Represent department on corporate projects and new system development. Evaluate new products and recommend needed procedural and system changes. Provide guidance to the model development team challenging the practical design of quantitative models. Collaborate with technology partners to drive strategic plans for company’s model development, integration and deployment. Develop functional capabilities within the organization by driving innovation and continuous process improvements. Direct and drive successful relationships with key internal partners and significant external partners. Understand regulatory requirements and drivers impacting development goals and plans. Provide direction to staff during production issues/outages and ensure standards for accuracy and timeliness are maintained. Design and build market risk systems and tools, comparing near real-time P&L to quantitative model-based risk measures of VaR (value at risk) and Expected Shortfall, using advanced streaming technologies like Flink, AWS cloud infrastructure, and protobuff data schemas. Design and build counterparty credit risk system implementing Basel SA-CCR methodology, calculating exposure at default (EAD) for derivatives and securities using advanced architectural framework of data pipeline and computing. Perform data analysis, validation and error-checking on large, complex sets of information using data science classification models. 100% telecommuting allowed from anywhere in the United States. *This position qualifies for The Options Clearing Corporation’s Employee Referral Program.*

Education & Experience Required:

Master’s degree in mathematical finance, finance, CS or related and three (3) years of financial risk management experience.

Special Skills Required:

Must have work experience with each of the following: 1) Design and build market risk systems and tools, comparing near real-time P&L to quantitative model-based risk measures of VaR (value at risk) and Expected Shortfall, using advanced streaming technologies like Flink, AWS cloud infrastructure, and protobuff data schemas; 2)  Design and build counterparty credit risk system implementing Basel SA-CCR methodology, calculating exposure at default (EAD) for derivatives and securities using advanced architectural framework of data pipeline and computing; and 3) Perform data analysis, validation and error-checking on large, complex sets of information using data science classification models. 100% telecommuting allowed from anywhere in the United States.

Salary

$172,100-$197,600

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-3656
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Feb. 09, 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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