OCC
We clear and settle trades for the options industry.
Chicago, IL

Associate Principal, Financial Risk Management at OCC

| Chicago
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About Us

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

As an Associate Principal in FRM, this person would be supporting Renaissance Risk products including but not limited to Intra-day, Default management, Pricing & Margins. This person would be responsible for discovering, synthesizing, and analyzing information from different FRM teams-Market Risk, Credit Risk, Stress Testing etc, including tools, processes & procedures, documentation, and stakeholders and support Product Owners in building requirements for different Risk Applications. The ideal candidate is a proven change agent that demonstrates the ability to solve complex problems through logical, digestible solutions that deliver key value to our stakeholders. Additionally, this individual must be comfortable communicating to all levels of the organization as well as inside and outside the organization. Skills that are foundational to the success of this role include, but are not limited to, communication, analytical, problem solving, process modelling, facilitation, elicitation, scope management, leadership and agile mindset.

Product Responsibilities:

  • Act as a partner to both the business and the technology teams.
  • Collaborate with different FRM teams to collect requirements for various Risk Applications
  • Identify scope gaps and missing requirements by acquiring an in depth understanding of current state (i.e., legacy system) and future state of various Risk Applications
  • Identify various risk teams inter-dependencies and support integration across Risk Platform.
  • Prepare for and lead requirement workshop discussions with vendor, stakeholders and product owners.
  • Lead requirement review sessions with product owners and stakeholders to verify the completeness and adequacy of requirements and use cases; assist in the development of acceptance criteria.
  • Support or develop test plans and test cases; participate in test results verification.
  • Assist in developing strategies for knowledge transfer and maintenance of risk systems.
  • Participate in the final UAT following product deployment.

Program Responsibilities:

  • Work cross-functionally to analyze and define key stakeholder business needs.
  • Perform requirements analysis, story decomposition, system integration analysis, and data flow design.
  • Regularly engage in agile activities including sprint planning and backlog grooming. Act as an advisor to the Product owner regarding next steps and approvals.
  • Build high quality user stories and acceptance criteria; work with scrum team to refine user stories.
  • Provide requirement and design support to scrum team.
  • Support development of user interface requirements and design by collaborating with UI/UX tools and teams.
  • Support or develop test plans and test cases; participate in test results verification.
  • Assist in building cross-team collaboration and define acceptance criteria for integrated components.
  • Adhere to analysis best practices for epics and user stories.
  • Assists in developing and maintaining policies, standards, guidelines and documentation to ensure that a consistent framework is applied across the enterprise.
  • N/A

The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions:

  • Bachelor’s degree required. MBA/MS is a plus.
  • Previous work experience of 3 or more years, building and working with pricing and risk systems preferable
  • Basic to intermediate understanding of the financial services industry, including pricing, margins, collateral, financial, market, liquidity, and operational risks of broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities
  • Financial products knowledge is a plus: basic to intermediate understanding of markets and financial derivatives in equities, interest rate, and commodity products.
  • Experience with or exposure to Agile and software development.
  • Preferred business experience in clearinghouse activities.
  • Flexibility working with remote teams in alternate time zones and flexibility to work outside standard working hours (i.e., 6:30-7 am CT).
  • Self-motivated and self-starting; working with little supervision and picking up new and unfamiliar concepts.
  • Highly proficient in Microsoft Excel, including experience using lookups and pivot tables.
  • Knowledge and/or vested interest in different data management and visualization tools (SQL, Figma, Tableau, Business Objects, etc.)
  • Knowledge and/or vested interest in complex data analytics supported by python and R.
  • Experience using Confluence and Jira.
  • Experience with process modeling tools such as Visio.
  • Knowledge and/or vested interest in event driven applications, streaming and batch analytics technologies.
  • Knowledge and/or vested interest in cloud technologies; experience working with AWS a plus.
  • Bachelor’s degree required. MBA/MS is a plus.
  • CCBA, CBAP, and/or AAC certification is a plus.
  • Series 3 or 7 or equivalent education is a plus

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Where we are

Adjacent to the Willis Tower, close to CTA, Metra and expressways with plenty of food and entertainment options nearby.

Technology we use

  • Engineering
    • .NETLanguages
    • AWS (Amazon Web Services)Languages
    • C#Languages
    • C++Languages
    • JavaLanguages
    • JavascriptLanguages
    • PerlLanguages
    • PythonLanguages
    • RLanguages
    • RubyLanguages
    • ScalaLanguages
    • SqlLanguages
    • SwiftLanguages
    • ReactLibraries
    • AngularJSFrameworks
    • Ruby on RailsFrameworks
    • SpringFrameworks
    • Microsoft SQL ServerDatabases
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What are OCC Perks + Benefits

OCC Benefits Overview

Educational Assistance and Student Debt Forgiveness, 12-week paid parental leave, technology stipend up to $2,000, mobile data reimbursement of $35 per month. Open offices, online health coaching.

Culture
Volunteer in local community
Each year, OCC employees select a locally-based charitable organization for each of our three offices (Chicago, Dallas and Washington, D.C.). We offer multiple opportunities to get involved.
Partners with Nonprofits
OCC Partners with local organizations in Dallas, Chicago and DC to raise funds and support their missions. Employees select the charity and are eligible for up to 8 hours of paid time to volunteer.
Friends outside of work
Daily sync
Open door policy
Team owned deliverables
Team based strategic planning
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Mental Health Benefits
Retirement & Stock Options Benefits
401(K)
401(K) Matching
OCC provides employees with a 401(k) matching plan managed by Fidelity. We match 50% of contributions up to 6% of an employee's annual gross pay.
Performance Bonus
Match charitable contributions
Child Care & Parental Leave Benefits
Flexible Work Schedule
OCC provides employees with a flexible work schedule that includes Flexible start and end times.
Vacation & Time Off Benefits
Generous PTO
OCC employees receive between 22 and 32 days per year of paid time off based on years of service.
Paid Volunteer Time
Sabbatical
Eligible employees get 30 days of paid sabbatical after their first 10 years of working at the company.
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
OCC Offers pre-tax commuter benefits for employees in Chicago and Washington, D.C.
Happy Hours
Relocation Assistance
OCC offers relocation assistance which varies based on the position level and location.
Professional Development Benefits
Job Training & Conferences
OCC offers employees professional development opportunities including onsite training courses and the ability to attend job related certification courses, conferences and seminars.
Tuition Reimbursement
Our tuition reimbursement plan offers an annual max of $1000.
Lunch and learns
OCC hosts leadership lunches on a regular basis so you can learn about your colleagues and their unique backgrounds.
Cross functional training encouraged
Promote from within
Online course subscriptions available
Customized development tracks
Paid industry certifications
Employees are strongly encouraged to stay current in relevant technologies and supports certification programs.

Additional Perks + Benefits

We were just recognized as a best place to work for working parents! Take a look at our blog post here: https://www.theocc.com/Newsroom/Views/2021/04-26-OCC-Designated-as-Best…

An Insider's view of OCC

What are some social events your company does?

Monthly happy hours and cultural celebrations to honor our diverse workforce.

Andre

Executive Director, Talent Acquisition

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