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

Associate Principal, Internal Audit Quality Assurance at OCC (Chicago, IL)

| Chicago
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Who We Are:

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization and is dedicated to promoting stability and financial integrity in the marketplaces that it serves by focusing on sound risk management principles is seeking an Associate Principal, Internal Audit (IA) Quality Assurance (QA) to support the quality assurance efforts and confirm adherence to professional practices for the IA function. As the OCC is designated as a Systemically Important Financial Market Utility (SIFMU) indicating critical importance to US financial markets, the role will need an understanding of multiple standards, financial regulations, and professional requirements.

What You'll Do:

• Developing, managing, maintaining, and executing a quality assurance methodology and processes aligned with Institute of Internal Auditors (IIA) standards and Federal Reserve (FED) supervision and regulation letters (e.g., SR 13-1). 

• Complete Quality Assurance reviews, identifying thematic issues and root causes, and propose alternatives by partnering with IA Management to develop achievable solutions.

• Review and evaluate audit work papers to ensure they accurately support the work performed and conclusions reached, in accordance with department and IIA Standards. 

• Maintain a detailed understanding of department policy, procedures, standards, and supporting technologies to identify potential risks or creative alternatives to mitigate risk exposure.

• Confirm audit procedures are designed to effectively and efficiently assess relevant controls to support an opinion for the engagement. 

• Propose changes to the Audit Methodology, incorporating updates to the IIA standards and FED supervision and regulation letters.

• Keeping current with leading practices in the audit profession and make recommendations for process improvements.

• Perform other duties as assigned.


• Advanced knowledge of leading practices and trends in Internal Audit.

• Advanced knowledge of the principles, practices, and techniques involved in conducting audits (including IT) 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), FED supervision, and regulatory letters.

• Experience with IA QAIP.

• Demonstrated ability to gather, analyze, and 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.

• Strong problem solving and analytical capabilities. 

• Strong interpersonal skills.

• Experience working in a complex, fast paced environment required.

Technical Skills:  

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

• 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.

• Proficiency using Archer or other audit/GRC software.

• Knowledge of Tableau, ACL, or other data analytics tools preferable.

Education and/or Experience: 

• Bachelor’s degree (or equivalent) in relevant fields including Accounting, Finance, Management Information Systems, Business Administration or related fields. 

• Minimum of five years of audit experience in conducting risk-based information technology, operational and compliance audits and projects, business process reviews and internal audits across regulated environments.

• Experience with an IA QA Program preferred.

• Demonstrated experience with leading effective process change management.

• Experience in financial services/ regulated capital markets infrastructure. Experience with an exchange, regulator or clearing house desirable.

Certificates or Licenses:  

• Certified Information Systems Auditor (CISA) is required.

• Certified Financial Services Auditor (CFSA), Certification in Risk Management Assurance (CRMA), Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) is preferred.

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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
    • C#Languages
    • C++Languages
    • JavaLanguages
    • JavascriptLanguages
    • PerlLanguages
    • PythonLanguages
    • RLanguages
    • RubyLanguages
    • ScalaLanguages
    • SqlLanguages
    • SwiftLanguages
    • ReactLibraries
    • AngularJSFrameworks
    • Ruby on RailsFrameworks
    • SpringFrameworks

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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