OCC
We clear and settle trades for the options industry.
Chicago, IL, USA
Hybrid

Principal, Product Manager - Financial Risk Management and Systems

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Summary:
The Product Owner at the OCC will be responsible for maximizing the value of the Products delivered to our stakeholders by representing business interests, working with our technology teams to determine requirements, creating a product roadmap for development, and prioritizing the work. The Product Owner will work in a hybrid agile methodology collaborating with cross-functional teams. The Product Owner must ensure that the technology teams understand and are aligned with the Product vision and that OCC leadership is kept aware of Product progress and status.
Primary Duties and Responsibilities:
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

  • Stakeholder Engagement and Management
    • Act as the primary point of contact for stakeholders regarding the product backlog and product development
    • Interact with internal and external stakeholders such as regulators, exchanges and other external parties in explaining OCC's Products
    • Elicit, interpret, lead requirement workshop discussions with vendors, stakeholders and/or product owners; assist in the development of backlog items and acceptance criteria
    • Work with internal and external stakeholders to understand their needs and ensure that they are reflected in the product backlog
    • Maintain direct communications with senior and middle management
    • Coordinate preparation of materials for Management Committee, Board of Directors and Regulatory meetings as needed
  • Product Leadership
    • Maintain Product Vision and Roadmap
    • Understand regulatory requirements and drivers impacting development goals and plans
    • Evaluate product changes and recommend needed process and system changes
    • Develop functional capabilities within the organization by driving innovation and continuous process improvements
    • Collaborate with cross-functional teams to define and prioritize the product backlog
    • Refine the product backlog to ensure that it is ready for development
    • Maintain product budget and forecast. Seek to optimize product delivery in the most cost effective manner.
  • Product Delivery
    • Collaborate with technology partners and teams to drive strategic plans for OCC's system development, integration and deployment
    • Work with the Project Owners/Managers, Technology Lead, and Scrum Master to ensure that the team is following the hybrid agile methodology and that any issues are addressed in a timely manner
  • Product Integrity
    • Document and/or sign-off on acceptance criteria for user stories
    • Ensure that the product backlog is transparent, visible, and understood by all stakeholders
    • Ensure there is a clear traceability of requirements to deliverables
    • Ensure the product complies with all non-functional requirements
    • Comply with all product delivery controls and procedures
  • Quality Management
    • Continuously monitor and evaluate the product backlog to ensure that it is meeting stakeholder needs and delivering value
    • Identify scope gaps and missing requirements by acquiring an in-depth understanding of current state capabilities (i.e., legacy system) and future state needs
    • Proactively identify and escalates risks and issues to the leadership team.
    • Monitor vendor performance (where applicable) against statements of work
    • Meet complex business needs in an efficient, flexible, and ever-improving manner
  • Team Leadership
    • Indirectly supervise product team members matrixed from across business and internal technology teams
    • Foster a diverse and inclusive workplace
  • Perform other duties as assigned
  • Light travel required


Supervisory Responsibilities:

  • Indirectly supervise project team members from across FRM and internal technology teams. May involve direct supervision of individuals or teams within one year.


Qualifications:
The requirements listed below 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.

  • Previous experience as a Product Manager/Owner in a hybrid agile methodology is required
  • Strong understanding of Agile product management methodologies and product development processes
  • Excellent communication, collaboration, and presentation skills
  • Strong interpersonal and influencing skills, including ability to interact effectively with peers, all levels of management, regulators and member firms
  • Ability to work effectively with and lead cross-functional teams
  • Strong analytical and problem-solving skills
  • Demonstrated ability to gather, analyze, and evaluate facts, and prepare and present concise oral and written reports
  • Ability to prioritize and manage multiple tasks and projects simultaneously
  • Ability to work independently in a fast-paced, dynamic environment
  • Must be able to work under deadlines and manage multiple tasks
  • Self-directed; Ability to work both independently with minimal direction or oversight in a team-oriented, collaborative environment
  • Experience working in the financial services industry
  • General securities markets, derivatives knowledge required
  • Strong knowledge in multiple asset classes like equities, interest rates, volatility, commodities, and foreign currencies (Risk Pillar Specific)
  • Experience with central counter-party clearing, settlement of derivatives, financial risk management and regulated capital markets infrastructure
  • Willingness to roll up your sleeves and do whatever is necessary


Technical Skills:

  • Proficiency using Jira, Confluence, Tableau and Microsoft Office applications


Education and/or Experience:

  • Bachelor's degree (or equivalent) in relevant fields including Accounting, Finance, Computer Science, Management Information Systems, Engineering among others
  • MBA, MS or equivalent graduate degree in a relevant field preferred
  • 10+ years of financial risk management experience leading teams and building robust business processes is required
  • 2+ years of product management experience, preferably with Risk Management products and capabilities
  • Demonstrated experience with ensuring effective process change management
  • 10+ years of experience in financial services/ regulated capital markets infrastructure. Experience with an exchange, regulator or clearing house preferred


Certificates or Licenses:
N/A
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Step 3
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For more information about OCC , please click here .
OCC is an Equal Opportunity Employer

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What are OCC Perks + Benefits

OCC Benefits Overview

Educational Assistance and Student Debt Forgiveness, 12-week paid parental leave, technology stipend up to $2,000, mobile data reimbursement of $35 per month. Open offices, online health coaching.

Culture
Volunteer in local community
Each year, OCC employees select a locally-based charitable organization for each of our three offices (Chicago, Dallas and Washington, D.C.). We offer multiple opportunities to get involved.
Partners with nonprofits
OCC Partners with local organizations in Dallas, Chicago and DC to raise funds and support their missions. Employees select the charity and are eligible for up to 8 hours of paid time to volunteer.
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
Employee resource groups
Employee-led culture committees
Hybrid work model
In-person all-hands meetings
Flexible work schedule
OCC provides employees with a flexible work schedule that includes Flexible start and end times.
Remote work program
2 days per week work from home program
Diversity
Dedicated diversity and inclusion staff
Mandated unconscious bias training
Diversity employee resource groups
Hiring practices that promote diversity
Diversity recruitment program
Health Insurance + Wellness
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
Life insurance
Wellness programs
Mental health benefits
Financial & Retirement
401(K)
401(K) matching
OCC provides employees with a 401(k) matching plan managed by Fidelity. We match 50% of contributions up to 6% of an employee's annual gross pay.
Performance bonus
Charitable contribution matching
Child Care & Parental Leave
Generous parental leave
12-week paid parental leave
Adoption Assistance
Vacation + Time Off
Generous PTO
OCC employees receive between 22 and 32 days per year of paid time off based on years of service.
Paid volunteer time
Sabbatical
Eligible employees get 30 days of paid sabbatical after their first 10 years of working at the company.
Paid holidays
Paid sick days
Bereavement leave benefits
Office Perks
Commuter benefits
OCC Offers pre-tax commuter benefits for employees in Chicago and Washington, D.C.
Company-sponsored happy hours
Relocation assistance
OCC offers relocation assistance which varies based on the position level and location.
Home-office stipend for remote employees
Mother's room
Professional Development
Job training & conferences
OCC offers employees professional development opportunities including onsite training courses and the ability to attend job related certification courses, conferences and seminars.
Tuition reimbursement
Our tuition reimbursement plan offers an annual max of $1000.
Lunch and learns
OCC hosts leadership lunches on a regular basis so you can learn about your colleagues and their unique backgrounds.
Promote from within
Online course subscriptions available
Customized development tracks
Paid industry certifications
Employees are strongly encouraged to stay current in relevant technologies and supports certification programs.

Additional Perks + Benefits

We were just recognized as a best place to work for working parents! Take a look at our blog post here: https://www.theocc.com/Newsroom/Views/2021/04-26-OCC-Designated-as-Best…

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