Senior Associate Internal Audit Business & Risk

What You'll Do

This role will support independent assessments of OCC's financial and operational business processes risk management and other objectives as needed. The role is responsible for determining the sufficiency of management's controls and activities related to the management of regulatory operational and strategic risks and presenting recommendations for improvements to the engagement team.

Primary Duties and Responsibilities:

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

Responsibilities will be aligned but not limited to three pillars:

Delivery

• Support the team on delivery of assigned audits within the annual audit plan.  

• Support the team confirming a professional auditee experience. 

• Owning the audit quality accuracy of results and delivery in a timely manner.

• Proactively identify regulatory operational and/or strategic risks to the organization and bring them to your engagement team.

• Evaluate exceptions or inefficient practices for root causes and propose advice and recommendations for achievable solutions.

• Leading audits related to organization changes including business requirements definitions technology implementations (e.g. changes to the supported business processes) engagement and alignment of change initiatives to business objectives.

Quality

• Maintaining an understanding of policies procedures standards and supporting technologies and educating staff accordingly to effectively identify potential risks and alternatives to mitigate risk exposure leveraging leading practices.

• Ability to understand professional principles and standards (e.g. AICPA IIA IPPF COSO) and the relevancy to risk management and impact on policies and procedures. In addition leveraging these principles and standards to test and evaluate corporate risk management processes and controls.

• Keeping current on best practices and emerging risks within the financial services industry and making recommendations for improvements as necessary.

Leadership

• Supporting effective relationships with business groups and leadership and partnering with 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.

Qualifications & Experience will be required but not limited to:

Qualifications:

• Ability to communicate clearly and effectively both orally and in writing including the ability to handle potentially sensitive situations and discussions.

• Strong problem solving and analytical capabilities.

• Demonstrated ability to gather analyze and evaluate facts and prepare and present concise oral and written reports.

• Ability to work independently or as part of a team prioritizing multiple audit assignments to simultaneously complete each in a timely fashion.

Experience

• [Preferred] Experience working in a complex fast paced environment.

• [Preferred] Consulting and/or accounting firm experience.

• [Preferred] Experience in Financial Services/Security Industry and working with regulatory organizations such as: Securities and Exchange Commission (SEC) Commodity Futures Trading Commission (CFTC) Financial Industry Regulatory Authority (FINRA) Federal Reserve.

• [Preferred] Experience using the principles practices and techniques involved in conducting audits in accordance with the requirements set forth in the International Standards for the Professional Practice of Internal Auditing published by the Institute of Internal Auditors (IIA).

Technical Skills:

• [Required] Microsoft Office applications

• [Preferred] Proficiency using Archer or other audit or Governance Risk and Compliance (GRC) software

Education and/or Experience:

• [Required] Bachelor’s degree (or equivalent) in Accounting Finance Business Administration or related field

• [Required] 2+ years of experience (audit-related) in conducting risk-based operational and compliance audits and projects business process reviews and internal audits

Certificates or Licenses:

• [Preferred] Certified Financial Services Auditor (CFSA) Certification in Risk Management Assurance (CRMA) Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) or equivalent.

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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