Jobs at The Options Clearing Corporation (OCC)

Supports enterprise quality governance by analyzing requirements, creating and executing manual and automated test cases, reporting software defects, maintaining regression suites, and validating testing compliance. The intern will automate regression testing for Ovation and Enterprise Technology Solutions applications, participate in Scrum ceremonies, and provide testing input during retrospectives.

Year-round intern supporting Agile Management Solutions through Jira automation inventory and cleanup, ticket-volume analysis, workflow governance, and ServiceNow/Confluence integration discovery. The role develops skills in JQL, data analysis, information governance, enterprise systems integration, documentation, change management, and technical presentations. Interns collaborate in a hybrid Chicago-based environment and present deliverables during sprint reviews.

Leads cyber incident response, security monitoring, alert tuning, digital forensics, and SOC process improvement. Oversees investigations, containment, evidence preservation, automation, SOAR/AI initiatives, and post-incident reviews. Requires advanced expertise with SIEM, SOAR, EDR, and DLP tools, security incident lifecycle management, forensic investigations, threat analysis, and playbook development. The role requires seven years of security operations experience, shift work, and 24/7 on-call availability.

Develop Java-based microservices and React interfaces for OCC’s clearing and settlement systems. Build high-throughput, real-time messaging solutions with Kafka; automate testing, containerization, and cloud deployments using CI/CD, Docker, Kubernetes, and related DevOps tools. Optimize performance, troubleshoot systems, contribute to architecture and user stories, and ensure quality, security, audit, and regulatory standards.

Conduct independent validation and risk analysis of financial models covering pricing, margin, clearing funds, stress testing, liquidity, collateral, and cryptocurrencies. Develop benchmark models, backtests, testing tools, reference models, and automated unit tests. Review model implementations, documentation, code quality, and production releases. Analyze new products, support risk managers, troubleshoot production issues, and communicate findings across risk and technology teams.

Develop and lead enterprise AI engineering solutions, including Python tooling, RAG systems, LLM agent workflows, vector database integrations, and AI platform connectors. Administer AWS Bedrock, evaluate models using MMLU and TruthfulQA, establish prompt engineering and model versioning standards, and provide technical leadership for scalable AI data systems. Collaborate with product and domain teams to deploy AI-enabled products, define roadmaps, and monitor system effectiveness.

Provides first-level IT support for hardware, software, account access, VDI applications, network connectivity, and user issues. Responsibilities include documenting and prioritizing ServiceNow tickets, troubleshooting and escalating complex problems, resetting passwords, provisioning applications, updating knowledge articles, and communicating clearly with non-technical users. The intern works in a hybrid environment while gaining practical desktop engineering and technical support experience.

Manage a software engineering team building the Ovation Risk Platform. Lead architecture, design, development, performance management, and cross-functional delivery. Design fault-tolerant Kafka and Flink event-streaming systems, integrate AI and machine learning, optimize PostgreSQL databases, and provide technical product ownership. Apply expertise in options exchange operations, trade lifecycles, and clearing workflows while developing target-state architectures and complex enterprise solutions.

Leads stress testing and liquidity risk management for cleared financial products, including options, futures, equities, and government securities. Develops analytical tools, business requirements, stress tests, reporting, policies, and system enhancements. Partners with quantitative risk, technology, regulators, clearing members, and senior management on risk analysis, examinations, regulatory filings, and counterparty risk monitoring. Mentors junior staff and indirectly supervises cross-functional project teams.

Leads and supports risk-based internal audits of information technology and security environments. Evaluates controls, regulatory and operational risks, technology implementations, change management, and cybersecurity practices. Identifies root causes, recommends improvements, prepares audit reports, and communicates findings to management and engagement teams. Applies internal auditing standards and frameworks including IIA, COBIT, NIST CSF, and AICPA guidance while maintaining audit quality and timely delivery.

Leads enterprise Agile transformation by managing Scrum Masters, coaching delivery teams, developing Agile maturity roadmaps, and advising senior stakeholders. Owns Jira as the enterprise Agile delivery platform, including governance, configurations, workflows, automations, dashboards, and Advanced Roadmaps. Drives metrics-based continuous improvement, facilitates program-level retrospectives, manages service-provider relationships, and fosters high-performing, self-organizing teams.

Supports oversight of financial risk management by monitoring risk tolerances, assessing framework effectiveness, producing management and board reporting, tracking audit and exam issues, and supporting default management and recovery planning. The role maintains risk inventories, develops monitoring tools, reviews reporting accuracy, assists with enterprise risk assessments, and contributes to policies, procedures, controls, and special projects in a highly regulated securities environment.

Supports data governance across business and technical teams, including critical data element identification, business glossaries, metadata management, data lineage, data quality rules, dashboards, and reporting. Uses Python, SQL, Tableau, and generative AI tools to analyze data, map data flows, monitor data quality, identify anomalies, and automate lineage tracking. Collaborates with data owners, stewards, subject matter experts, architects, developers, and analysts.

Leads software test automation strategy and development, including designing frameworks, writing automated tests, building CI/CD pipelines, validating APIs, databases, Kafka messages, and distributed systems. Defines test plans, analyzes defects, manages test environments and data, improves QA processes, supports complex applications, coordinates team workloads, and mentors team members while ensuring timely, high-quality delivery.

Lead hands-on development and delivery of Java web applications supporting high-volume financial markets. Responsibilities include backend, UI, DevOps, coding, testing, troubleshooting, security, production readiness, system integration, technical leadership, architecture decisions, and recommending technologies. The role collaborates with technical and business stakeholders in an agile environment while improving reliability, performance, and maintainability.

Supports pricing, margin, collateral haircut, and risk-management processes for cleared financial products. Analyzes market data, derivative valuations, modeled outputs, risk parameters, and pricing irregularities; manages vendor data and entitlements; supports SEC and CFTC regulatory programs; conducts risk analytics and reconciliations; coordinates system enhancements; develops procedures; and assists with member support and team training.

Leads cross-functional enterprise projects from initiation through closure across business, technology, operations, risk, security, and shared services. Drives project planning, execution, timelines, resources, risks, dependencies, deliverables, status reporting, stakeholder communication, and issue escalation using Waterfall and Agile approaches. The role requires project management experience in a regulated environment and supports timely, on-budget delivery.

Leads and supports risk-based IT and security audits, evaluating controls, regulatory compliance, operational and strategic risks, and technology implementations. Identifies root causes, recommends improvements, prepares audit reports, and presents findings to management. Applies IIA, AICPA, COBIT, and NIST standards while partnering with business leaders and maintaining audit quality. The role requires at least five years of IT and security audit experience and may involve cybersecurity reviews and internal audits.

Supports daily market risk monitoring for clearing members, positions, and collateral. Builds Python scripts and reports using large datasets, applies stress-testing methodologies, follows financial markets and assesses portfolio impacts, and assists with research, data pulls, and documentation. Collaborates with quantitative risk and IT teams and presents a summer project. The internship is a 12-week hybrid program for enrolled undergraduate or graduate students.

Develops, validates, implements, and maintains quantitative risk models for derivatives pricing, margin, clearing funds, stress testing, CVA/CCR, volatility, and regulatory capital. Responsibilities include model prototyping, back-testing, documentation, code reviews, quality assurance, production support, and collaboration with risk managers, developers, validators, and business teams. Requires expertise in equity derivatives, financial risk analytics, Basel III, and SR 11-7 governance.