Credit Risk Analyst at OCC

| Chicago
Sorry, this job was removed at 2:31 p.m. (CST) on Tuesday, May 5, 2020
Find out who's hiring in Chicago.
See all Data + Analytics jobs in Chicago

Summary:

 

As a member of OCC’s Credit Risk Management team you will help safeguard OCC from counterparties who exhibit elevated credit or operational risk or lack appropriate risk management programs.  Credit Risk Analysts are responsible for identifying, measuring, monitoring, managing, and reporting various risks and exposures introduced to OCC by clearing members, banks, and other critical counterparties. 

 

Primary Duties and Responsibilities:

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

 

Credit Risk Analysts understand the risks present within the clearing industry and/or the participating financial entities, including broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities.  They strive to build and manage overall risk profiles of counterparties through several direct and ancillary processes, including:

  • Monitor ongoing creditworthiness of counterparties and their compliance with OCC rules and other regulatory requirements, including:
  • Analysis of financial statements to identify levels and trends in key metrics and ratios 
  • Awareness of material news and event disclosures
  • Collaborative interaction with counterparties to identify root cause of issues or concerns
  • Escalation of counterparties requiring enhanced surveillance to department management
  • Perform assessments on clearing member’s risk management policies, procedures, processes, staff, and systems to understand how the member is mitigating its risk to OCC  
  • Create written reports and presentations for senior management that summarize counterparty exposures and assessments, as well as conduct miscellaneous studies for senior management and external parties
  • Complete assessment of counterparty applicants and existing counterparties applying to expand their business with OCC to ensure requirements are satisfied
  • Collaborate with other Financial Risk Management teams and counterparty-facing departments to assess risks posed by counterparties
  • Present the results of any noteworthy counterparty assessment to department management and internal working groups
  • Support counterparty inquiries regarding OCC risk policies and procedures as well as time-sensitive questions regarding margin requirements and position movements
  • Support system development from a business user perspective
  • Develop, maintain, and adhere to written policies and procedures
  • Support regulatory reporting obligations

 

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.

 

Minimum Requirements

  • Bachelor’s degree in Risk Management, Accounting, (Computational/Quantitative) Finance, Economics or related field required
  • 2-3 years of counterparty credit risk or relevant financial services industry experience
  • Demonstrated analytical and problem-solving skills and the ability to work in a collaborative environment
  • Ability to read and understand financial statements, brokerage statements, and accounting records 
  • Basic knowledge of regulatory rules and regulations related to the SEC/CFTC 
  • Proficient in Microsoft Office, including Excel experience using lookups and pivot tables to perform data analysis, and comfortable developing PowerPoint presentations
  • Excellent organization skills – must be detail oriented
  • Strong verbal and written communication skills
  • Comfortable working in a customer service-oriented environment and addressing questions from both OCC colleagues and OCC counterparties
  • Ability to work well under pressure with multiple priorities and time-sensitive deadlines


Preferred Qualifications

  • Knowledge of the financial services industry, including the financial, market, liquidity and operational risks of broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities
  • Solid understanding of securities markets, derivatives, and option trading strategies 
  • Experience with SQL and other data analytics tools, i.e. Tableau, Python, R, VBA macros
  • Experience using Bloomberg and/or Thomson Reuters desk-top client, and ability to connect these tools to Excel 
  • Ability to perform counterparty credit analysis on banks including a basic understanding of the CAMEL(S) rating methodology and other rating systems
  • Master’s degree or demonstrable progress towards a Master’s degree in Risk Management, Accounting, (Computational/Quantitative) Finance, Economics or related field preferred
  • Desire to earn, or progress towards, a CFA or FRM 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. 

Read Full Job Description
Apply now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.

Technology we use

  • Engineering
    • .NETLanguages
    • C#Languages
    • C++Languages
    • JavaLanguages
    • JavascriptLanguages
    • PerlLanguages
    • PythonLanguages
    • RLanguages
    • RubyLanguages
    • ScalaLanguages
    • SqlLanguages
    • SwiftLanguages

Location

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

An Insider's view of OCC

What are some social events your company does?

Monthly happy hours, summer and winter outings and cultural celebrations to honor our diverse workforce.

Yemi

Director, Diversity and Inclusion

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.
Friends outside of work
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Someone's primary function is managing the company’s diversity and inclusion initiatives
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
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
Our employees receive 8 hours per year of paid volunteer time.
Sabbatical
Eligible employees get 30 days of paid sabbatical after their first 10 years of working at the company.
Paid Holidays
Perks & Discounts
Commuter Benefits
OCC Offers pre-tax commuter benefits for employees in Chicago and Washington, D.C.
Happy Hours
Happy hours are hosted Once per month.
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.
More Jobs at OCC28 open jobs
All Jobs
Finance
Data + Analytics
Design + UX
Dev + Engineer
HR
Internships
Legal
Operations
Sales
Developer
new
Chicago
Data + Analytics
new
Chicago
Operations
new
Chicago
Operations
new
Chicago
Finance
new
Chicago
Developer
new
Chicago
Finance
new
Chicago
HR
new
Chicago
Data + Analytics
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Data + Analytics
new
Chicago
Operations
new
Chicago
Developer
new
Chicago
Data + Analytics
new
Chicago
Developer
new
Chicago
Operations
new
Chicago
Internships
new
Chicago
Operations
new
Chicago
Developer
new
Chicago
Operations
new
Chicago
Design + UX
new
Chicago
Internships
new
Chicago