Associate Principal, Market Risk

1 month ago

Chicago, Illinois, United States OCC Full time

What 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 leaders as a resource in problem solving, guiding department and corporate projects, as well as proposing new controls and process improvements. The Associate Principal 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.
  • Expert Microsoft Excel skills in addition to intermediate knowledge of Python 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).
  • Intermediate Python and Database skills.
  • Experience with Bloomberg API preferred.

Education and/or Experience:

  • Bachelor's degree in Finance, Economics, Risk Management or related field.
  • Five or more years of experience in capital markets, back-office operations or risk management.
  • MBA or similar MS degree preferred, including progress towards an advanced 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

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