About OCC:
A World Class Clearing Organization
OCC is the largest equity derivatives clearing organization in the world. We provide central counterparty clearing and settlement services for equity options, futures, options on futures, and securities lending transactions. We serve approximately 115 clearing members and 15 exchanges including CBOE, Nasdaq, and NYSE.
OCC is building a culture that empowers continued learning, authentic innovation, and constant creativity.
About the Intern Program:
OCC is looking for interns who are hungry for the chance to learn more, humble enough to admit they don't know all the answers, and smart enough to recognize the opportunity. The OCC Internship Program provides students with the real-world skills to successfully transition into a career in the financial services industry. As an intern, you will help lead projects that help shape the future of OCC. This person will apply their skill set and knowledge toward tackling designated projects. This is an exciting opportunity to have a true impact on the company by designing and implementing solutions for real challenges facing the business. Here's what we're looking for:
Projects and Responsibilities:
- Review and adapt best practices of option implied volatility modeling, for example, analyze the changes in implied volatility of equity options after earnings announcement
- Review and implement benchmark calculation of algorithms of financial data cleansing and de-noising
- Extraction and modeling of large financial data sets and automate trace data lineage given data transformation logic
- Review current best practice and modeling of contagion risk in central counter-party clearing system
- Design and implement automated reporting of production vs benchmark discrepancies and root cause analysis results
Candidate Qualifications:
- Desired major(s): Mathematics/Physics/Engineering, Finance, Financial Engineering, Computer Science
- Technical experience desired: Data Analysis, Excel/ R/Python
What knowledge and skills will the intern gain from this internship?
- Will gain knowledge and experience in identifying, measuring, monitoring, and managing Model Risk
- Learn risk of making decisions based on incorrect or misused models driving the risk management process at OCC
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
Top Skills
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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OCC Teams
OCC Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
A hybrid work environment, up to 2 days per week of remote work
