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

Principal, Internal Audit Business & Risk 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

What you will do:

Internal Audit is seeking an experienced Principal playing a leading role within the Internal Audit Business & Risk team. The Principal will have a specific role within the department providing leadership across the validation program and supporting the leadership team delivery of the strategic goals of the audit function. This role will include presenting comprehensive validation assessments summarizing key risks, confirming root cause remediation, developing and maintaining effective relationships all while supporting the delivery of the strategic goals of the department. In addition, the Principal may interface with the Securities and Exchange Commission (SEC), Federal Reserve Board (FRB), Commodity Futures Trading Commission (CFTC), Financial Industry Regulatory Authority (FINRA) and external auditors.

Primary Duties and Responsibilities: 

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

The Principal’s responsibilities will be aligned, but not limited, to four pillars:

Leadership

• Lead and implement strategic initiatives related to new audit programs/processes, technology or other initiatives.

• Planning, executing and concluding for validation assignments. 

• Proactively identifying regulatory, operational, and/or strategic risks to the organization and deliver recommendations for improvements to senior leadership. 

• Developing and maintaining effective relationships with business groups and leadership and partnering with management.

Delivery

• Aid in the development of the validation program on an annual basis.

• Defining and leading the execution of validation engagements in accordance with the validation program.

• Owning the quality, accuracy of results, and delivery of validations in a timely manner.

• Supporting other department-wide activities such as but not limited to peer reviews of audit deliverables, policy and procedure development and refinement, etc.

Team Development

• Effectively lead audit staff, providing direction, clearly defined performance expectations, coaching and feedback, and recognition/motivation.

• Providing oversight and coaching to the team, both internal and/or co-sourced resources, confirming the delivery, quality and auditee experience.

Quality

• Ability to clearly articulate professional principles and standards (i.e., AICPA, IIA IPPF, COSO, etc.) and the relevancy to risk management and impact on policies and procedures. In addition, leveraging these principles and standards to test and evaluate corporate risk management processes and controls.

• Maintaining an understanding of policies, procedures, standards, and supporting technologies, and educating staff accordingly, to effectively identify potential risks and alternatives to mitigate risk exposure leveraging leading practices.

• Keeping current on best practices and emerging risks within the financial services industry and making recommendations for improvements as necessary.

• Serving as a liaison with external parties and regulators to facilitate timely and efficient external reviews, knowledge transfer, and controls and process education.

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.

• Exceptional customer service and collaboration skills required. Strong analytical and verbal/written communication skills required

• Demonstrated success in leading and delivering on commitments and implementing best practices in a complex technology environment.

• Demonstrated success in identifying operational and regulatory risks in complex business environment and implementing controls/processes to mitigate the risks.

• Strong working knowledge of the principles, practices, and techniques involved in conducting audits 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).

• Demonstrated ability to analyze data, evaluate facts, and summarize and present clear and concisely in both oral and written context to senior leadership.

• Ability to communicate clearly and effectively, both orally and in writing, including the ability to handle potentially sensitive situations and discussions.

• Ability to manage a complex validation program and lead the team, prioritizing multiple validations assignments to simultaneously complete each timely with high quality.

• Strong problem solving and analytical capabilities.

Technical Skills:

• Strong proficiency using Archer or other audit or Governance Risk and Compliance software.

Education and/or Experience: 

• Bachelor’s degree (or equivalent) in Accounting, Finance, Business Administration or related field.

• Consulting/accounting firm experience is a plus.

• Experience in Financial Services/Security Industry and working with regulatory organizations such as: SEC, CFTC, FRB, and/or FINRA required. 

• Minimum of four years leading audit teams.

Certificates or Licenses: 

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



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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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