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Director, Internal Audit Operations

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

The Director, Internal Audit Operations will support OCC’s Internal Audit team in overseeing the execution, escalation, and completion of the portfolio of audits, validation, and department special projects while working to improve the functions efficiency and effectiveness through innovation and automation. This individual will focus on confirming that the department delivers its commitments on time and within the assigned budget. The Director will also own and be accountable for all IAD Operations processes and develop a strategy to automate significant activities: Audit Committee Reporting, policy and procedure documentation maintenance, employee and co-source resource onboarding, and departmentwide training delivery (content will be developed by the department) and execute the annual external co-source provider assessment.

Primary Duties and Responsibilities:

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

  • Manage and progress automation supporting the process of tracking the portfolio of audits against estimated budgets (hours), actual hours incurred, and overall progress tracking and reporting. Escalate challenges to IAD leadership related resource management and scheduling.

  • Maintain the department policy and procedure documents, including required annual review and updates and ad-hoc improvements guided by IAD leadership.

  • Manage the relationship with IAD co-source provider including but not limited to: administrative responsibilities for all co-source resources, coordinating all onboarding and offboarding requirements,  monitoring performance and delivery, and reporting on co-source budget performance.

  • Manage and progress automation supporting Audit Committee (AC) reporting, managing the workflow to collect and produce the required presentation decks and coordinating with Corporate Secretary to publish materials to the AC timely.

  • Overall management and development of automation supporting  the IAD budgeting process, coordinating with IAD leadership for creation of annual budgets, and tracking and escalation of expenses and reporting as needed to support IAD deliver its commitments within the designated budget.

  • Drive continuous improvement and automation in the IAD Operations Process by identifying, proposing, and executing on IAD operations process improvements.

  • Report IAD’s Key Performance Indicators (KPI) and maintaining those metrics and proposing and creating new KPIs as needed.

  • Lead the administration and production of regulatory requests.

  • Support development of the team’s audit skills through annual skills assessment.

  • Support IAD training and certification efforts including registration, logistics, and tracking.

  • Administer customer satisfaction surveys at the conclusion of each audit and report the results to the audit team and IAD leadership.

Supervisory Responsibilities:

  • Provide supervision, coaching and development to the IAD Operations team employees reporting to this position.

Qualifications:

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.

  • Project Management (e.g., PMP) or relevant certification with 3-5 years of equivalent work experience.

  • Ability to develop automation in reporting and analytics supporting the efforts of the Internal Audit Department (e.g., Budgeting, Staffing, KPI Monitoring).

  • Background in regulatory exams and department-wide inspections.

  • Demonstrated ability to gather, analyze, evaluate facts, and prepare and present concise oral and written reports.

  • Ability to communicate clearly and effectively, both orally and in writing, including the ability to handle potentially sensitive situations and discussions.

  • Ability to work independently or as part of a team, prioritizing multiple assignments simultaneously to complete each in a timely fashion.

  • Demonstrated leadership and coaching abilities of staff level resources.

  • Strong problem solving and analytical capabilities.

  • Experience working in a complex, fast paced environment.

  • Experience in Financial Services/Security Industry and working with regulatory organizations such as: Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Financial Industry Regulatory Authority (FINRA), Federal Reserve preferred.

  • Experience working within an Internal Audit function preferred.

Technical Skills:

  • Process automation and data visualization skills

  • Project management skills.

  • Advanced Microsoft Office Suite (Excel, PowerPoint, Visio, and Word) skills.

  • Knowledge of the principles, practices, and techniques involved in conducting audits in accordance with the requirements set forth in the International Standards for the Professional Practice of Internal Auditing published by the Institute of Internal Auditors (IIA) preferred.

  • Strong proficiency using Archer or other audit or GRC software preferred.

  • Knowledge of Tableau, ACL, or other data visualization or reporting tools preferred.

Education and/or Experience:

  • Bachelor’s degree (or equivalent) in Business, Project Management, or related field.

Certificates or Licenses:

  • Project Management Professional or like-kind certification.

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-2754
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: Jun. 30, 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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