Associate, Financial Risk Oversight

To be considered for this position, applications and resumes are accepted only through our careers site by directly applying to the posted job. We do not accept unsolicited resumes or sales solicitations from staffing agencies. Any OCC employee wishing to submit a referral must do so through their Workday account. Any resume submitted outside of an active job posting will not be considered for employment.

What You'll Do:

The Associate, Financial Risk Oversight provides critical support to department leadership by monitoring OCC’s adherence to its risk tolerances, developing risk reporting, monitoring and challenging the effectiveness of OCC’s financial risk management framework, and supporting default management and recovery and wind-down oversight activities. The role will involve close collaboration across teams within the broader Corporate Risk Management function as well as other key OCC stakeholders, including Compliance and first-line Financial Risk Management.

Primary Duties and Responsibilities:

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

• Assist the department in implementing risk management oversight activities to assess, monitor, and report on the adequacy and effectiveness of OCC’s management of financial risk
• Assist with enterprise risk assessments (ERAs) on first-line Financial Risk Management in coordination with the Operational Risk Management (ORM) team, pursuant to OCC’s enterprise-wide Risk Management Framework (RMF)
• Assist ORMC with maintenance of risk inventories, taxonomies, and other elements related to financial risk management and compliance activities
• Develop and leverage an understanding of OCC’s enterprise risk and assist business units with governance issues and concerns
• Verify, analyze, create, and monitor key performance, risk, and control indicators to support management and board-level reporting across business units
• Identify, develop, and implement tools or methods to track and monitor financial risk
• Track and communicate identified audit and exam issues as well as business area self-identified issues and findings to other Corporate Risk Management teams
• Understand OCC plans for mitigation of default and non-default losses, and assist in planning and testing of the tools that may be used during those loss events
• Understand OCC quantitative and qualitative reporting and assist in reviewing data to make sure it is accurate and consistent
• Assist with developing and maintaining department-level policies, procedures, job aids, and controls
• Support management with special projects and other duties assigned

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.

• [Required] Basic understanding of securities/derivatives markets and risk management
• [Required] Ability to think creatively and present ideas clearly
• [Required] Strong attention to detail and problem-solving skills
• [Required] Experience in designing and producing quality reports and presentations
• [Required] Strong interpersonal skills, including excellent written and oral communication skills
• [Required] Ability to interact and collaborate with all levels of the organization and across a multitude of departments
• [Required] Ability to manage tasks/projects and deadlines, as well as the ability to adapt to shifting priorities
• [Required] Ability to build broad-based business relationships across the organization
• [Required] Ability to work in a highly regulated environment, including with the SEC, CFTC, and Federal Reserve
• [Preferred] Strong analytical skills including data analytics and reporting

Technical Skills & Background

• [Required] Proficient in Microsoft Excel, Word, and PowerPoint
• [Preferred] Experience with Tableau

Certifications

• N/A

Education & Training

• [Required] Bachelors degree in Risk, Finance, Economics, Engineering or equivalent
• [Preferred] 1+ years of financial services, risk management, compliance, and/or audit experience

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 23 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