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

Associate Principal, Regulatory Compliance, IT at OCC (Chicago, IL)

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About Us
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 Compliance Department is organized into two functional areas, with each having a distinct role in carrying out the department's mission in a highly regulated environment. This role will regularly interact with OCC's Information Technology (IT) and Security Services departments. The Associate Principal (IT) will support the continued development and implementation of the IT and Security Services Compliance program which includes: process (policy, standards, procedure) and control development, risk identification and mitigation, and supporting regulatory exams. The Associate Principal will also be responsible for recommending enhancements to the performance, integrity, and compliance of the organization's processes. This role is highly focused on review of the organization's compliance with applicable regulatory and legal rules and requirements (i.e., SEC, CFTC, Federal Reserve, etc.) as they relate to technology and information security.
• Contribute to the development, maintenance and continuous improvement of the Regulatory Framework including policies, procedures and controls
• Act as an advisor in compliance matters
• Assist the organization in evaluating new products, key business initiatives, significant technology, and systems to ensure compliance with policy, laws, and regulations
• Participate in or lead compliance programs, projects, system implementations, or OCC initiatives
• Interpret policies, laws, and regulations and assists the organization in determining applicability and implementation strategy
• Advise and support the organization in establishing and implementing IT and Security Services policies and procedures
• Provide guidance to the organization on the development and implementation of effective remediation plans to address internal or external findings
• Keep abreast of, and leverage, industry best practices/frameworks (i.e., NIST CSF, NIST 800-53 COBIT, ISO, Cloud Security, etc.) to drive compliance related continuous improvements for IT and Security Services
• Assist in the analysis of findings to identify themes and trends
• Support other departmental activities and initiatives as required including assessment of compliance risks, supporting regulatory reporting and compliance reporting etc.
Qualifications/Technical Skills/Education:
  • Broad knowledge of applicable regulatory, legal rules and requirements (e.g., SEC, CFTC, Federal Reserve, etc.).
  • Possesses proficiencies with the use of risk and control frameworks, and process improvement frameworks including for Cloud environment (e.g. COBIT, NIST CSF, NIST 800-53, COSO, ITIL, ISO 27001, ISO 9001, CMMI)
  • Familiarity with Systems Development Life Cycle (SDLC) agile process and Secure Software Development Lifecycle
  • Comprehensive analytical, conceptual, and problem-solving skills.
  • Ability to work independently and as a member of a team, collaborating with internal business clients from different departments and at various levels of seniority.
  • Excellent organizational, written and oral communication skills.
  • Demonstrated ability to gather, analyze, and evaluate facts and prepare and present concise oral and written reports.
  • Proficiency with MS Office software, GRC tools and web-based reporting tools.
  • Proficiency with Cloud Computing Models, Risks and Cloud Control Environment. (AWS etc.)
  • Experience with document management tools (e.g., DMS, PolicyTech) a plus
  • 2-5+ years of experience in IT/Security Compliance, IT/Security Risk Management, IT/Security Audit, IT, Information Security or related field required
  • Bachelor's degree or equivalent required (Degree in Computer Science or related field a plus)
  • Preferred Certifications - CISA, CISSP, CRISC, CCSP etc.

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.

For more information about OCC , please click here .
OCC is an Equal Opportunity Employer
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What are OCC Perks + Benefits

OCC Benefits Overview

Educational Assistance and Student Debt Forgiveness, 12-week paid parental leave, BYOD program with technology stipend up to $2,000 every three years, $35 per month pay to offset costs of mobile data plans. 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
Diversity Employee Resource Groups
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
HSA or FSA accounts available for those enrolled in medical plans.
Life Insurance
Wellness Programs
Includes back-up child or elder care along with other 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 12% 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.
Remote Work Program
2 days per week work from home program
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
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 $10000.
Diversity Program
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 recently recognized as one of LinkedIn's Top Company in Financial Services! Take a look at our blog post here: https://www.theocc.com/newsroom/press-releases/2022/06-23-linkedin-list…

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