COVID-19

All OCC employees are required to disclose their COVID-19 vaccination status to OCC’s Human Resources department, and provide acceptable proof of vaccination status, as applicable. In addition, OCC requires employees who enter one of its offices to be fully vaccinated against COVID-19 or submit to regular testing as a condition of employment, subject to reasonable accommodation.

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

Primary Duties and Responsibilities: 

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

• Provide independent oversight and challenge of OCC’s margin, stress, collateral, liquidity, and clearing fund measures produced by Financial Risk Management and the uses of those measures in internal and regulatory reporting

• Recommend revisions to OCC’s Risk Appetite and accompanying Risk Tolerance measures (e.g., key risk indicators) with respect to financial risk management, including development of reporting to monitor trends

• Assists the MD of Strategic Risk and Chief Risk Officer (CRO) in re-evaluating the appropriateness of the Framework governing financial risk management and risk measures relative to internal and external conditions

• Draw conclusions, provide independent insights and advise the MD of Strategic Risk and CRO in risk decisioning by utilizing risk reports which measure information against Board approved risk tolerances, risk appetites, and risk trending analyses

• Build positive and collaborative working relationships and partnerships with senior management across OCC and engage in advisory and effective challenge activities

• Manage ad-hoc requests from senior management and regulators to ensure timely and accurate responses

• Remain current with industry financial risk, regulatory areas of focus, and analytical reporting trends

Supervisory Responsibilities:

• Potentially up to three staff members

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.

• Understanding of OCC products and services and subject matter expertise in margin, stress, collateral, liquidity risk, default management, and clearing fund

• Experience working at another Central Counterparty Clearing (CCP) firm, trading bank or firm, or buy-side firm

• Strong familiarity with Financial Market Utilities in securities and derivatives markets

• Ability to work in a regulated environment, including with the SEC, CFTC, and Federal Reserve; familiarity with the Covered Clearing Agency regulations a plus

• In-depth understanding of risk management practices and methodologies, including qualitative and quantitative risk assessment / analysis and a strong understanding of mitigation strategy concepts

• Demonstrated experience in partnering across First, Second, and Third Lines

• Ability to develop collaborative relationships with a wide range of stakeholders 

• Strong leadership, project management and organization skills, including the ability to multitask, prioritize, delegate, and manage an effective and growing team

• Demonstrable evidence of specifying, designing, and delivering risk tools from scratch

• Demonstrated record of creativity, independent thinking, and willingness to develop and drive new ideas

• Strong interpersonal skills, written and oral communication skills

• Ability to effectively communicate and present to all levels of the organization, including Management Committee and Regulators

Technical Skills:

• Microsoft Office proficiency including advanced Excel, PowerPoint, and Word

• Beginner proficiency with R, Phyton, SQL, or Tableau

Education and/or Experience:

• 10 years+ progressive experience in financial risk management or risk consultancy 

• Bachelor’s degree in Finance, Economics, Mathematics, or equivalent

• Master’s degree (preferred)

Certificates or Licenses:

• One or more professional certifications (e.g., CFA, FRM) (preferred)