Senior Associate Credit Project Management & Reporting

What You'll Do:

As a member of OCC’s Credit Risk Management team you will help safeguard OCC from counterparties who exhibit elevated credit risks.  Associate Principals are responsible identifying developing measuring monitoring reporting and enhancing processes that monitor thresholds and trends of various risks and exposures introduced to OCC by clearing members banks and other critical counterparties. Senior Associates utilize a strong technical and analytical skillset to assist Credit Department with its projects and reporting. Maintain a general understanding of the risks present within the clearing industry and/or the participating financial entities including broker-dealers futures commission merchants commercial banks pension funds and financial market utilities.  

Primary Duties and Responsibilities:

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

• Support CORE team with analysis of ongoing creditworthiness of counterparties and escalate issues requiring enhanced surveillance to department management and internal working groups so appropriate actions can be taken.

• Support CORE team with analytical solutions to assist with financial statement analysis including identifying levels and trends in key metrics and ratios.

• Collaborate with IT and other internal teams to design and implement advanced scalable data analytics solutions to identify and analyze causal links and meaningful relationships (e.g. correlations distributions percentiles). Includes centralizing data from multiple sources to automated front end visual reporting/dashboards.

• Work closely with department management on projects cross-department collaboration and mentoring of colleagues. 

• Support CORE team with critical time-sensitive and/or complex counterparty inquiries requiring data collection or analysis.

• Support system data and risk methodology development assist reviewing data and risk methodologies during annual reviews

• Develop maintain enhance and adhere to written policies and procedures

• Participate in procedure-related control testing activities and identify opportunities for improving the control environment

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.

• Demonstrated analytical and problem-solving skills and the ability to work in a collaborative environment

• Familiarity with financial statements brokerage statements and accounting records

• General knowledge of the financial services industry including the financial market liquidity and operational risks of broker-dealers futures commission merchants commercial banks pension funds and financial market utilities

• General understanding of securities markets derivatives and option trading strategies

• Track record of independently managing and successfully completing high visibility projects

• Excellent organization skills – must be detail oriented

• Strong verbal and written communication skills with proven ability to work and converse with executive level management

• Strong Mathematical skills and financial acumen

• Comfortable working in a customer service-oriented environment and addressing questions from both OCC colleagues and OCC counterparties engaging users to understand issues and identify root causes escalating incidents to appropriate teams collaborating with others to ensure timely resolution and user satisfaction.

• Ability to work well under pressure with multiple priorities and time-sensitive deadlines

Technical Skills:

• Intermediate-to Advanced in Microsoft Office including Excel experience using lookups and pivot tables to perform data analysis and comfortable developing PowerPoint presentations

• Intermediate- to-Advanced SQL including the ability to write and edit queries to assist with mining and visualizing data from multiple sources.

• Experience using data visualization software (e.g. Tableau Power BI)

• Familiarity with data stack applications such as Snowflake and code versioning in Github

• Coding experience with (e.g. Python R VBA macros) required

• Intermediate-to-Advanced quantitative analytical problem solving skills including the ability to accumulate organize and assimilate large amounts of information.

• Familiarity using Bloomberg and/or S&P Global Market Intelligence and the technical ability to connect these tools to Excel preferred

Education and/or Experience:

• Bachelor’s degree (preferably in Financial Engineering Data Science Risk Management Accounting (Computational/Quantitative) Finance or Economics) or equivalent work experience required

• 4+ years of data analytics experience or relevant financial services industry experience

• Master’s degree or progress towards a Master’s degree (preferably in Financial Engineering Data Science Risk Management Accounting (Computational/Quantitative) Finance or Economics) preferred

Certificates or Licenses:

• Desire to earn or progress towards a CFA or FRM certification

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.

Gallery