Senior Associate, Market Risk
1 month ago
What You'll Do:
The Senior Associate in the Market Risk team will perform a broad array of risk management activities to support the OCC's clearing and settlement services. Risk Management activities include monitoring Clearing Member accounts for excessive risk with a particular focus on intraday risk management. The Senior Associate will assist team leaders as a resource in problem solving, guiding department and corporate projects, as well as proposing new controls and process improvements. The Senior Associate will also develop materials for presentation to OCC leaders, the Management Committee, regulators and auditors. The role requires independent judgment and a desire to appropriately challenge the status quo.
Primary Duties and Responsibilities:
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
- Analyze market risk exposures for all products and accounts cleared by the OCC including equities, futures, index and equity options, options on futures and government securities.
- Monitor clearing members' trading positions and collateral for sensitivities to various risk factors using the OCC's market risk methodologies including Monte Carlo and Stress Testing.
- Assist the Market Risk Team with proposing, developing and specifying requirements for a best-in-class intraday market risk system along with a suite of proprietary technological tools
- Monitor current financial market conditions including corporate earnings and key economic announcements to assess the potential impact on the OCC's Clearing Member portfolios
- Work collaboratively with other functions at the OCC including the Quantitative Risk Management team and various IT teams
- Develop tools and reports using large data sets to assist in the preparation of position and financial risk analysis and reporting
- Support responses to clearing member's inquiries regarding the OCC's various market risk methodologies and the related policies and procedures
- Assist in the creation of new or enhancing existing policies and procedures as needed for regulatory inquiries, audits and examinations.
- Conduct miscellaneous studies and analysis for senior management.
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.
- Proficient understanding of statistical concepts, derivatives pricing, securities markets and options trading strategies.
- Intermediate Microsoft Excel skills in addition to familiarity with Python scripting and Database technologies.
- Strong interpersonal, organizational, problem-solving, and time-management skills.
- Ability to work independently in a fast-paced, dynamic environment.
- Must be able to work under deadlines and manage multiple initiatives and tasks.
Technical Skills:
- Experience with Microsoft Office desktop tools (Word, Excel, and PowerPoint).
- Beginner to Intermediate Python scripting and Database skills.
- Experience with Bloomberg API preferred.
Education and/or Experience:
- Bachelor's Degree in Finance, Economics, Risk Management or related field.
- Two or more years of experience in capital markets, back-office operations or risk management.
- Progress towards an MBA or similar MS degree
Certificates or Licenses:
- Industry Certificates such as CFA preferred.
Who We Are
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 19 exchanges and trading platforms. More information about OCC is available at
What We Offer
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
Competitive health benefits including medical, dental and vision
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
-
Market Risk Senior Associate
6 days ago
Chicago, Illinois, United States Phaxis Full timePhaxis is seeking a talented individual to join their expanding Market Risk division. This role is essential in overseeing the firm's services, with a particular emphasis on managing intraday risk. The selected candidate will play a pivotal role in supporting team leaders, offering insights in problem resolution, and guiding various corporate initiatives....
-
Associate Principal, Market Risk
1 month ago
Chicago, Illinois, United States OCC Full timeWhat You'll Do:The Associate Principal in the Market Risk team will perform a broad array of risk management activities to support the OCC's clearing and settlement services. Risk Management activities include monitoring Clearing Member accounts for excessive risk with a particular focus on intraday risk management. The Associate Principal will assist team...
-
Senior Risk Management Associate
6 days ago
Chicago, Illinois, United States The Options Clearing Corporation Full timePosition Overview:The Senior Risk Management Associate will play a pivotal role in supporting the Director of Operational Risk by assessing IT and Security vulnerabilities. This position involves assisting with comprehensive risk evaluations and implementing elements of the risk management framework throughout the organization’s processes, risks, and...
-
Product Marketing Manager
1 month ago
Chicago, Illinois, United States Origami Risk Full timeThe Product Marketing Manager is responsible for translating the needs of customers and sellers across marketing, sales enablement, product and field initiatives. This person is the go-to-market expert that ensures that customer insights and product marketing strategy supports pipeline, conversion rates through the sales cycle and won deals.Responsibilities...
-
Senior Analyst in Enterprise Risk Management
6 days ago
Chicago, Illinois, United States Vantage Risk Companies Full timePosition Overview:The Senior Analyst in Enterprise Risk Management will be instrumental in enhancing risk reporting and advancing the ERM function within Vantage Risk Companies.Key Responsibilities:1. **Data Collection and Reporting:** - Gather and monitor essential aggregation risk metrics across various risk portfolios and products. - Present findings...
-
Senior Fraud Risk Manager
6 days ago
Chicago, Illinois, United States CIBC Full timeOverviewAt CIBC, we are committed to establishing a client-focused banking experience for the contemporary market. We seek skilled and enthusiastic professionals who prioritize integrity and excellence in service.Role SummaryThe Senior Manager of Fraud Strategy will report directly to the Senior Director of US Fraud Management. This position is pivotal in...
-
Market Risk Analyst
6 days ago
Chicago, Illinois, United States Phaxis Full timePhaxis is seeking a dedicated professional to join our expanding Market Risk team. The ideal candidate will take on the role of Market Risk Analyst, focusing on the evaluation of risk exposure across various financial products. This position involves a critical analysis of accounts to ensure effective intraday risk management.Key Responsibilities:Conduct...
-
Senior Operational Risk Associate
6 days ago
Chicago, Illinois, United States The Options Clearing Corporation Full timeKey Responsibilities:This position is essential in supporting the Director of Operational Risk by assessing IT and Security vulnerabilities through comprehensive risk evaluations and implementing the risk management framework across various processes, risks, and controls. The role will also involve managing risk assessment initiatives, collaborating with...
-
Senior Technical Consultant
3 weeks ago
Chicago, Illinois, United States Origami Risk Full timeThe Senior Technical Consultant - Bureau Content Repository is a Bureau Solution Consultant that works within the Bureau Team. They are responsible for building and maintaining Origami's library of bureau based solutions, including ISO lines of business as well as NCCI and independent bureaus for Workers Compensation. Origami's bureau products allow...
-
Senior Casualty Underwriter
6 days ago
Chicago, Illinois, United States Zurich 56 Company Ltd Full timeSenior or AVP Casualty Underwriter - Complex RisksZurich 56 Company Ltd is seeking a seasoned professional to fill the role of Loss Sensitive Casualty Underwriter within our Middle Market Complex Casualty Underwriting division. This position is ideal for candidates with established broker relationships in the Midwest region.The role involves a blend of...
-
Manager of Market Risk Governance
6 days ago
Chicago, Illinois, United States Bank of Montreal Full timePosition Overview:As a key player in the Audit, Risk & Compliance division, this role is responsible for overseeing market risk management for a designated portfolio. The successful candidate will develop and maintain a robust market risk management framework that encompasses governance practices utilized across the organization. This position is crucial in...
-
Chicago, Illinois, United States Discover Full timeDiscover. A brighter future.With us, you'll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it - we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so...
-
Senior Risk Analyst
6 days ago
Chicago, Illinois, United States Phaxis Full timePhaxis is seeking a qualified professional with a strong understanding of statistical principles, derivatives valuation, and trading strategies involving options. The ideal candidate will possess intermediate proficiency in Excel, along with experience in Python and database management.Primary Responsibilities:Evaluate market risk exposures across a range of...
-
Senior Risk Management Associate
6 days ago
Chicago, Illinois, United States The Options Clearing Corporation Full timePosition Overview:This position is essential in supporting the Director of Operational Risk by assessing IT and Security vulnerabilities through comprehensive risk evaluations and implementing elements of the risk management framework across various processes, risks, and controls. The role also involves assisting with risk assessment initiatives,...
-
Senior Operational Risk Associate
6 days ago
Chicago, Illinois, United States The Options Clearing Corporation Full timeKey Responsibilities:This position plays a vital role in supporting the Director of Operational Risk by assessing IT and Security vulnerabilities through comprehensive risk evaluations and implementing elements of the risk management framework across various processes, risks, and controls. The role also involves assisting with the risk assessment program,...
-
Manager of Structural Market Risk Oversight
6 days ago
Chicago, Illinois, United States Bank of Montreal Full timePosition Overview:As a key member of the risk management team, you will be responsible for overseeing market risk for a designated portfolio. Your role will involve developing and maintaining a robust market risk management framework that ensures effective governance and compliance across the organization.Key Responsibilities:Conduct thorough analysis of...
-
Senior Casualty Underwriter
6 days ago
Chicago, Illinois, United States Zurich 56 Company Ltd Full timeComplex/Loss Sensitive Casualty Underwriter (Senior or AVP)Zurich 56 Company Ltd is seeking a seasoned Loss Sensitive Casualty Underwriter to enhance our Middle Market Complex Casualty Underwriting division in the Midwest. We are particularly interested in candidates with established broker relationships in the region. This role involves travel to meet with...
-
Senior Associate, Operational Risk Management
4 weeks ago
Chicago, Illinois, United States OCC Full timeWhat You'll Do:This role will provide critical support to the Director of Operational Risk to evaluate IT and Security risks by assisting with risk assessments and applying aspects of the risk management framework across the process, risk, and control universe. Additionally, this role will help with the risk assessment program activities, coordinate with...
-
Associate Full Stack Engineer II
2 weeks ago
Chicago, Illinois, United States Origami Risk Full timeAs an Associate Full-Stack Developer, you will provide feedback on existing products and contribute to the design of new product features. With the support and supervision of Senior Product Engineers and Team Leads, you will build intuitive and highly scalable web applications using the Microsoft stack. You must live in the Atlanta or Chicago area in order...
-
Senior Leasing Risk Analyst
6 days ago
Chicago, Illinois, United States Bank of America Full timeSenior Leasing Risk AnalystLocation: Multiple locations across the United StatesPosition Overview:At Bank of America, our mission is to enhance financial well-being through meaningful connections. We prioritize Responsible Growth, ensuring that we serve our clients, colleagues, communities, and shareholders effectively every day.We are committed to fostering...