Senior Risk Management Associate

2 weeks ago

Chicago, Illinois, United States The Options Clearing Corporation Full time

Position 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, collaborating with various departments (such as IT, Security, Third Party Risk Management, Legal, Compliance, and Internal Audit), and ensuring effective Corporate Risk governance aligns with strategic objectives.

Key Responsibilities:
To excel in this role, the individual must effectively manage the following duties:

Engage with IT, Security, Third Party Risk Management, Legal, Compliance, and Internal Audit to enhance Corporate Risk's contribution to the effective management of IT and Security risks throughout the organization.

Oversee the identification and assessment of IT/Security risks, ensuring the reliability and consistency of relevant technology frameworks (e.g., NIST, COBIT, ISO) and systems that support clearing and settlement operations.

Ensure compliance with methodologies, guidelines, and standards pertinent to risk identification and assessment frameworks.
Maintain comprehensive risk inventories, taxonomies, and other elements that support IT/Security risk management and compliance activities.

Lead and implement the IT and Security risk assessment process, ensuring alignment with the risk and control universe, as well as regulatory requirements.

Generate reports utilizing Archer data for various stakeholders, including regulatory bodies.
Facilitate the automation of IT & Security risk oversight through data analytics.
Communicate risk assessment outcomes to governance committees, business leaders, and various management levels.

Collaborate on the enhancement and upkeep of Corporate Risk program methodologies, policies, procedures, and tools, including the development of new program initiatives.

Monitor and update internal findings, external examination issues, and self-identified concerns from the Enterprise Risk Assessment.


Supervisory Role:

None
Qualifications:
The qualifications listed below are indicative of the knowledge, skills, and abilities required for this position.

Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
[Required] Advanced knowledge of IT and Security risks, particularly in cybersecurity (e.g., blue team, red team, threat & vulnerability management), disaster recovery, database management, network engineering, storage management, software development, and mainframe technologies.

Intermediate understanding of Operational risk.
[Required] Awareness of the evolving cybersecurity landscape affecting central clearing counterparties (CCPs).
[Required] Ability to serve as a trusted advisor and provide constructive challenges.
[Required] Innovative, independent thinker, eager to develop and implement new ideas.
[Required] Exceptional written, verbal, and presentation skills.
[Required] Team-oriented with the ability to collaborate effectively within and across departments.
[Required] Capacity to perform under pressure and meet tight deadlines.
[Preferred] Familiarity with Financial Market Utilities; securities and derivatives markets.
[Preferred] Experience in a highly regulated environment, including interactions with regulatory bodies; knowledge of Covered Clearing Agency regulations.
[Preferred] Understanding of cloud technologies, including experience with cloud platform migrations.
[Preferred] Familiarity with tools that support capacity management, network architecture, threat assessment, code review, and software development.


Technical Proficiencies:
[Required] Proficient in Microsoft Word, Excel, Access, and PowerPoint.
[Required] Experience with eGRC systems (e.g., Archer).
[Required] Familiarity with data analytic techniques and tools (e.g., Tableau, SQL).

Education and Experience:
[Required] Bachelor's Degree in Information Systems, Computer Science, Cybersecurity (or equivalent) preferred.
[Required] 2+ years of experience in enterprise risk, cybersecurity, IT audit, technology risk, security risk, or risk consultancy, with a focus on assessing IT and Security risk.
[Preferred] Consulting experience.

Certifications:
[Preferred] Relevant certifications such as:

CISSP, Security+, CSX-P, CET, CISA, or CISM.


About Us:

The Options Clearing Corporation (OCC) is the largest equity derivatives clearing organization globally.

Established in 1973, OCC is committed to fostering market stability and integrity by providing clearing and settlement services for options, futures, and securities lending transactions.

As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the oversight 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 serves over 100 clearing members and offers central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms.

For more information about OCC, please visit our website.


Our Offer:

A collaborative and supportive work environment designed to promote work-life balance and employee well-being.


Benefits include:


A hybrid work model, allowing for remote work up to 2 days per week.
Tuition Reimbursement to support ongoing education.
Student Loan Repayment Assistance.
Technology Stipend for device selection to connect to our network while working remotely.
Generous Paid Time Off and Parental leave.
Competitive health benefits including medical, dental, and vision.

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