OCC
We clear and settle trades for the options industry.
Hybrid

Associate Principal, Market Risk & Default Management

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What You'll Do
Ensure department policies and procedures are followed and updated as needed to perform monitoring activities within MRDM are performed on a timely basis. Assist team leaders as a resource in problem solving, propose and guide department and corporate projects, as well as propose new controls and process improvements. The Associate Principal will also ensure staff develops materials for presentation to management, committees, regulators, and auditors and works under a high demand for independent judgment. Will assist department team leaders and Officers in mentoring fellow Associate Principals and Specialists.
Primary Duties and Responsibilities:
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

  • Associate Principal will assist Team leaders and Officers in performing and guiding Risk Analysts to:
  • Analyze market risk exposures for all products and accounts cleared by OCC, or part of an OCC supported process (i.e. cross-margin). Analysis is performed using proprietary OCC tools/applications. Products include equities, government securities, options, futures options, and futures.
  • Monitor potential risks and portfolios with exposure to major events such as Earnings announcements, or key Economic announcements.
  • Provide support and analysis as it relates to margin calls, extended trading hours monitoring, and policy/procedure writing.
  • Monitor clearing member trading positions, and price risk, and create trend analysis, margin call analysis, and other requested dashboard reports to senior management.
  • Maintain relationships with external liquidation agents, default management committees, auction participants, and other clearinghouses.
  • Prepare reports regarding position and financial exposures.
  • Analyze portfolios for sensitivity to risk factors and identify hedging strategies.
  • Assist in liquidation of portfolios during a Clearing Member default and subsequent reporting.
  • Provide administrative support for OCC's auction program.
  • Coordinate and assist in executing periodic default management exercises.
  • Support clearing member's inquiries regarding OCC's default management policies and procedures.
  • Assist in documenting new or enhancing existing policies and procedures as needed.
  • Serving as a resource to counterparts and other OCC departments with problem resolution and departmental policy, procedure, and process explanation.
  • Interacting with internal and external auditors, compliance professionals and regulators during exams, audits and reviews.
  • Represent Financial Risk Management on corporate projects and new system development.
  • Assist in writing memos for Risk Committee and Board Meetings.


Supervisory Responsibilities:

  • Assist in prioritizing, execution and the review of departmental assignments.


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.

  • 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.
  • Expert Microsoft Excel spreadsheet skills.
  • Strong verbal and written communication skills
  • Strong understanding of statistical concepts, options pricing knowledge, understanding of securities markets, derivatives, and options trading strategies required.
  • Strong problem solving skills.
  • Good presentation skills.
  • Ability to work independently in a fast-paced, dynamic environment.
  • Must be able to work under deadlines and manage multiple tasks.


Technical Skills:

  • Experience with Microsoft Office desktop tools (Word, Excel, and PowerPoint).
  • Experience with Bloomberg API preferred.
  • SQL, Python and Tableau experience preferred.
  • Policytech experience preferred.


Education and/or Experience:

  • Bachelor's degree in Finance, Economics, Risk Management or related field
  • MBA or similar MS degree preferred, including progress towards an advanced degree
  • Five or more years of experience in capital markets or financial risk management


Certificates or Licenses:

  • P revious broker/dealer experience preferred


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 2 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
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.

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.
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
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
Diversity
Dedicated diversity and inclusion staff
Mandated unconscious bias training
Diversity employee resource groups
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
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
Financial & Retirement
401(K)
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
Charitable contribution matching
Child Care & Parental Leave Benefits
Generous parental leave
12-week paid parental leave
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
Office Perks
Commuter benefits
OCC Offers pre-tax commuter benefits for employees in Chicago and Washington, D.C.
Company-sponsored happy hours
Relocation assistance
OCC offers relocation assistance which varies based on the position level and location.
Home-office stipend for remote employees
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.
Lunch and learns
OCC hosts leadership lunches on a regular basis so you can learn about your colleagues and their unique backgrounds.
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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