Jobs at The Options Clearing Corporation (OCC)

The Senior Associate manages third-party risk assessments, onboarding, monitoring, offboarding, remediation plans, stakeholder communications, and regulatory or audit requests. The role supports governance and oversight across vendors, financial market utilities, exchanges, clearing members, banks, and other third parties. Responsibilities also include tracking risks to closure, improving TPRM processes, responding to third-party requests, and leading special projects. Candidates need risk management, audit, or TPRM experience, strong analytical and communication skills, a bachelor’s degree, and at least two years of relevant experience.

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.

Leads the design, development, and evolution of Java-based automation testing frameworks for critical systems. Responsibilities include writing and reviewing code, debugging complex issues, improving CI/CD pipelines, integrating security tools, making architectural decisions, supporting distributed systems, and mentoring engineers. The role collaborates with testing teams, architects, and business stakeholders in an Agile environment while driving engineering standards, reliability, and continuous improvement.

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.

Supports enterprise IT and cybersecurity risk management by leading risk assessments, maintaining risk inventories, applying frameworks such as NIST and COBIT, generating Archer reports, automating oversight analytics, and presenting findings to governance committees and regulators. The role collaborates with IT, Security, Legal, Compliance, Internal Audit, and third-party risk teams while improving risk methodologies, controls, policies, and issue tracking.

Supports IT and Security operational risk management through risk assessments, control evaluations, risk inventories, regulatory alignment, and governance reporting. Leads risk intake and enterprise assessments using NIST, COBIT, RSA Archer, JIRA, and ServiceNow. Develops AI governance protocols and risk registers, audits distributed ledger technology programs, and reviews IAM controls including RBAC, access reviews, and least-privilege policies. Collaborates with technology, compliance, legal, audit, and business stakeholders to improve ORM methodologies and resolve findings.

Supports product management and strategy for OCC clearing platforms. Responsibilities include writing user stories, refining backlogs, maintaining Jira and Confluence documentation, participating in Agile ceremonies, gathering stakeholder requirements, conducting market and competitive research, tracking sprint metrics, and preparing leadership presentations. The intern collaborates with Product Owners, Engineering, Risk, Operations, QA, and other cross-functional teams in a hybrid environment.

Principal Platform Engineering individual contributor responsible for advancing cloud platform reliability, observability, SRE practices, infrastructure as code, cloud efficiency, and performance. The role defines observability roadmaps, drives DORA and reliability metrics, improves incident and postmortem practices, supports highly available AWS environments, mentors engineers through technical influence, and ensures regulatory compliance. Responsibilities include capacity planning, technology roadmaps, production changes, on-call support, documentation, and escalation management.

Seasonal Credit Risk Management intern supporting counterparty due diligence, financial statement analysis, watch-level surveillance, risk examinations, management reporting, and special projects. The role provides exposure to counterparty credit risk across clearing members and financial institutions. Interns may assist with data transformation, code reviews, dashboard design, process improvements, and credit rating model support while collaborating with analysts, associates, and senior stakeholders.

Provides senior Level I and II technical support for Windows, macOS, virtual desktops, Microsoft 365, mobile devices, printers, and peripherals. Manages ServiceNow tickets, documents procedures, analyzes recurring issues, performs root-cause analysis, supports implementations, and escalates complex problems. Mentors junior technicians, communicates with users and management, participates in projects, and may travel to remote locations.

Supports and administers enterprise network infrastructure across on-premises and cloud environments. Responsibilities include routing and switching, firewall and load-balancer administration, Cisco ACI management, troubleshooting, network architecture, cloud connectivity, security and compliance changes, documentation, business continuity planning, and coordination with vendors and engineering teams on complex implementations. Provides on-call support and contributes to infrastructure automation and maintenance.

Supports the Diversity, Equity and Inclusion team through workflow documentation, process improvement, employee networking group administration, inclusive communications, and community impact initiatives. The intern will identify opportunities to reduce manual work, help develop newsletters and storytelling campaigns, assist nonprofit partnerships, and explore AI solutions. The role is a 12-week hybrid summer internship for actively enrolled undergraduate or graduate students.

Leads transformation and change communications while advising business leaders across a regulated organization. Develops internal communication plans, toolkits, FAQs, talking points, content calendars, and engagement strategies. Coordinates communications disciplines, manages stakeholder feedback, supports strategic partnerships, and translates enterprise strategy into audience-relevant messaging. The role also measures communications effectiveness and provides actionable recommendations.

Direct quantitative risk management for margin, clearing fund, stress testing, pricing, and derivatives models. Lead model development, validation remediation, performance monitoring, backtesting, volatility simulation enhancements, and new product assessments. Manage financial engineers and model developers, partner with technology, compliance, and validation teams, support production implementation, and present technical findings to leadership and regulators.

Supports Cyber Defense activities including reviewing workflows for automation opportunities, assisting with security monitoring and analysis, and helping integrate security tools. The intern will gain exposure to cyber defense operations, incident response, and security technology while contributing to process improvement and technical reporting. This is a 12-week seasonal summer internship in a hybrid Chicago work environment.

Designs, automates, and manages highly available AWS cloud infrastructure using Terraform and Ansible. Develops Jenkins pipelines, maintains infrastructure code in GitHub, secures data with AWS KMS, and builds complex network and multi-account environments. Provides advanced system administration, operational support, disaster recovery, documentation, technical guidance, and on-call support for enterprise cloud and virtualization platforms.

Supports OCC’s Legal department through ad hoc projects, legal research, analysis, writing, and presentation development. The intern may work on regulatory, commercial, litigation, and corporate governance matters while assisting attorneys with legal processes and advice for OCC stakeholders. This is a 12-week seasonal summer internship for currently enrolled undergraduate or graduate students, specifically law students who have completed one or two years of law school.

Supports the Enterprise Project Management Office through project phase-gate compliance reviews, work request queue maintenance, project tool updates, schedule and change-request support, and analysis of EPMO control data. The intern reviews dashboards, assigns tickets, analyzes metrics such as time in status and escalations, and assists with ad hoc activities. This is a 12-week hybrid summer internship for enrolled undergraduate or graduate students.

Supports quantitative risk management through development, testing, monitoring, and improvement of financial risk models used for margin, clearing fund sizing, and stress testing. Projects may include evaluating model assumptions, creating sensitivity metrics, researching advanced methodologies for equity price and volatility modeling, and improving Python code libraries. The intern collaborates with quantitative researchers, model validation teams, technology staff, and business stakeholders.