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

Senior Associate, Corporate Actions at OCC

| Chicago
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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


The Senior Associate, Corporate Actions is a key member of the Corporate Actions Department within Business Operations. The Senior Associate will assist in identifying corporate actions and determining how to adjust options and futures contracts according to the OCC By-Laws. Additionally, the Senior Associate will have responsibilities in executing daily processing and serving as a subject matter expert supporting continuous improvement activities to refine processing and improve OCC’s internal control environment through process redesign and implementation of new technologies.

Primary Duties and Responsibilities: 

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

• Independently analyze corporate action information from various sources, including proxy statements, exchange notifications, SEC and company websites, and DTC to determine the consideration to be received by underlying security holders under the terms of a corporate action and how such consideration should be applied to corresponding option holders, as well as to identify any nuances associated with a corporate action that must be researched and presented to department management for review.

• Draft Information Memos for publication to the OCC website describing adjustments to the terms or characteristics of options and futures contracts, based on corporate action events or changes to the characteristics of underlying securities.

• Work with external parties, including exchanges, vendors, and financial market utilities to confirm accuracy and finality of information related to securities underlying options and futures contracts. 

• Ensure updates to data for the clearing, risk, and settlement systems are accurate.

• Assist in expiration tasks, including drafting expiration related information memos, as needed

• Process adjustments to cleared options and futures contracts and stock loan, option, and futures positions as a result of corporate actions affecting underlying securities.

• Initiate continual improvement activities by analyzing department processes to identify and assist in implementation of processes improvements

• Analyze data to identify potential root cause of issues and propose possible resolution. Work with Internal and external parties to implement solutions and validate that solutions are successful.

• Maintain and test the robustness of the Operations Control Framework though comprehensive reviews of all related procedures, controls, and job aids for accuracy and adherence to the Policy Governance Policy (PGP), identifying and resolving any issues with documentation.

• Leverage a technical understanding of OCC systems, messaging and processes to identify and resolve both internal and external system and messaging issues.

• Understand and comply with applicable OCC Rules, OCC By-Laws, Agreements, National Market Plans, Policies, and Process Documents.

• Utilize subject matter expertise to support training of peers and external business partners

• Represent department in ad-hoc projects and corporate projects to ensure that department and business partner needs are addressed.

• Support Business Continuity Testing and Business Interruption Planning Activities.

• Participate in agile project methodology serving as a subject matter expert, test case developer, or tester, as needed.

• Perform other duties as assigned.

Supervisory Responsibilities:  None


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 primary functions.

• Ability to manage multiple tasks/projects and deadlines simultaneously, as well as shifting priorities.

• Strong attention to detail and analytical skills including data analytics and reporting

• Ability to understand and succinctly describe complex financial events in writing, as well as the ability to proofread written materials prior to publication.

• Strong interpersonal skills, including excellent written and oral communication capabilities

• Ability to work collaboratively with internal business partners from different departments and at various levels of seniority.

• General knowledge of the financial industry

Technical Skills:

• Experience with Microsoft Excel and Word 

• Familiarity with Bloomberg, DTC, and the SEC website, preferred

Education and/or Experience:

• Bachelor’s Degree in related field

• 3 + years of related work experience in a similar role, preferred.

Certificates or Licenses: None

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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

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.

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
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) 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
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.


Executive Director, Talent Acquisition

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