Lead Associate Principal Market Risk

What You'll Do:

The Lead Associate Principal in the Market Risk team will perform a broad array of risk management activities to support the OCC’s clearing and settlement services.  Risk Management activities include monitoring Clearing Member accounts for excessive risk while building technical solutions for related reporting and tooling.  The Lead Associate Principal will assist team leaders as a resource in problem solving guiding department and corporate projects as well as proposing new controls and process improvements. The Lead Associate Principal will also develop materials for presentation to OCC leaders the Management Committee regulators and auditors.  The role requires independent judgment a desire to appropriately challenge the status quo and the ability to develop technical solutions via Python and similar technologies.    

Primary Duties and Responsibilities:

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

• Analyze market risk exposures for all products and accounts cleared by the OCC including equities futures index and equity options options on futures and government securities.

• Monitor clearing members’ trading positions and collateral for sensitivities to various risk factors using the OCC’s market risk methodologies including Monte Carlo and Stress Testing.

• Develop tools and reports in Python using large data sets to assist in the preparation of position and financial risk analysis and reporting.

• Assist the Market Risk Team with proposing developing and specifying requirements for a best-in-class intraday market risk system along with a suite of proprietary technological tools.

• Monitor current financial market conditions including corporate earnings and key economic announcements to assess the potential impact to Clearing Member portfolios.

• Work collaboratively with other functions at the OCC including the Quantitative Risk Management team and various IT teams.

• Support responses to clearing member inquiries regarding the OCC’s various market risk methodologies and the related policies and procedures.

• Assist in the creation of new or enhancing existing policies and procedures as needed for regulatory inquiries audits and examinations.

• Conduct miscellaneous studies and analysis for senior management.

Supervisory Responsibilities:

• None

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.

• Proficient understanding of statistical concepts derivatives pricing securities markets and options trading strategies.

• Strong interpersonal organizational problem-solving and time-management skills.

• Ability to work independently in a fast-paced dynamic environment.

• Must be able to work under deadlines and manage multiple initiatives and tasks.

Technical Skills

• Proficient with Python and data management tools (SQL Trino or AWS)  

• Experience with Confluence and JIRA preferred

• Experience with Microsoft Office Suite (Word Excel and PowerPoint).

• Experience with Bloomberg API preferred.

Education and/or Experience

• Bachelor’s degree in Finance Economics Risk Management or related field.

• Five or more years of experience in capital markets back-office operations or risk management.

• MBA or MS degree preferred including progress towards an advanced degree.

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.

Benefits

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
• 401k Employer Match
• Competitive health benefits including medical dental and vision

Visit https://www.theocc.com/careers/thriving-together for more information.

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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