Corporate Actions and Market Operations Summer Intern

To be considered for this position applications and resumes are accepted only through our careers site by directly applying to the posted job. We do not accept unsolicited resumes or sales solicitations from staffing agencies. Any OCC employee wishing to submit a referral must do so through their Workday account. Any resume submitted outside of an active job posting will not be considered for employment.

Please note this position is not eligible for immigration sponsorship.

About OCC:

A World Class Clearing Organization

OCC is the largest equity derivatives clearing organization in the world.  We provide central counterparty clearing and settlement services for equity options futures options on futures and securities lending transactions.  We serve approximately 115 clearing members and 15 exchanges including CBOE Nasdaq and NYSE.

OCC is building a culture that empowers continued learning authentic innovation and constant creativity.

About the Intern Program:

OCC is looking for interns who are hungry for the chance to learn more humble enough to admit they don’t know all the answers and smart enough to recognize the opportunity. The OCC Internship Program provides students with the real-world skills to successfully transition into a career in the financial services industry. As an intern you will help lead projects that help shape the future of OCC. This person will apply their skill set and knowledge toward tackling designated projects. This is an exciting opportunity to have a true impact on the company by designing and implementing solutions for real challenges facing the business. Here’s what we’re looking for:

Projects and Responsibilities:

• The intern will support department efforts to prepare for the transition from our current clearing system (ENCORE) to our future system (Ovation).  Responsibilities may include creation of job aids and procedures development of training materials and participation in User Acceptance Testing (UAT).  Engagement in this project will help the intern understand and appreciate the complexity of a large-scale project and gain experience across multiple workstreams.

• The intern will also contribute to strengthening the control environment through assisting in the preparation of audit evidence executing controls related to basic processing assistance with management self-testing and contributing to the review of departmental controls and testing procedures.

Candidate Qualifications:

• Desired major(s): Finance Economics Business Administration

• Basic technical experience (Microsoft Office)

• Interest in Financial Services / Financial Markets

What knowledge and skills will the intern gain from this internship?

• Market Operations and Corporate Actions are both involved in the day-to-day production activities supporting our participant exchanges.

• The Market Operations Department functions as the primary operations contact for our participant exchanges while the Corporate Actions Department is responsible for analyzing and executing any adjustments to the products OCC clears.

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.

Compensation

• The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC your final base salary compensation will be determined by factors such as skills experience and/or education.
• In addition we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
• We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
• All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors including but not limited to company and individual performance and are not guaranteed.

Salary Range

Incentive Range

This position is eligible for an annual discretionary incentive compensation award for which the target range is listed above (see Incentive Range). The amount of such award if any will be based on various factors including without limitation both individual and company performance.

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

What We Do

As the foundation for secure markets OCC is a customer-driven organization that delivers world-class Risk Management Clearing and Settlement Services for a sophisticated mix of financial products that includes standard options stock loans and futures contracts.

Why Work With Us

We're bound together by values and behaviors that shape the way we work and live from team projects to after-hours events and to making a difference in our communities. OCC colleagues thrive in an atmosphere of intellectual curiosity creative problem-solving and effective interaction.

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