The Options Clearing Corporation
Senior Associate, Market Risk & Default Management
The Options Clearing Corporation, Chicago, Illinois, United States, 60290
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Senior Associate, Market Risk & Default Management
Apply
locations
Chicago - 125 S Franklin
time type
Full time
posted on
Posted 3 Days Ago
job requisition id
REQ-3726
Who We Are
About UsThe 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 www.theocc.com.What We OfferA 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 3 days per week of remote workTuition Reimbursement to support your continued educationStudent Loan Repayment AssistanceTechnology Stipend allowing you to use the device of your choice to connect to our network while working remotelyGenerous PTO and Parental leaveCompetitive health benefits including medical, dental and visionSummary
What You’ll DoEnsure department policies and procedures are followed and updated as needed to perform monitoring activities within MRDM are performed on a timely basis. Assist team leaders as a resource in problem solving, propose and guide department and corporate projects, as well as propose new controls and process improvements. The Senior Associate will also develop materials for presentation to management, committees, regulators, and auditors and works under a high demand for independent judgment.Primary Duties and Responsibilities:To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.Senior Associate will assist Team leaders and Officers by:Analyze market risk exposures for all products and accounts cleared by OCC, or part of an OCC supported process (i.e.
cross-margin).
Analysis is performed using proprietary OCC tools/applications. Products include equities, government securities, options, futures options, and futures.Monitor potential risks and portfolios with exposure to major events such as Earnings announcements, or key Economic announcements.Provide support and analysis as it relates to margin calls, extended trading hours monitoring, and policy/procedure writing.Monitor clearing member trading positions, and price risk, and create trend analysis, margin call analysis, and other requested dashboard reports to senior management.Maintain relationships with external liquidation agents, default management
committees, auction
participants, and other clearinghouses.Prepare reports regarding position and financial exposures.Analyze portfolios for sensitivity to risk factors and identify hedging strategies.Assist in liquidation of portfolios during a Clearing Member default and subsequent reporting.Provide administrative support for OCC’s auction program.Coordinate and assist in executing periodic default management exercises.Support clearing member’s inquiries regarding OCC’s risk calculations, default management policies and procedures,.Assist in documenting new or enhancing existing policies and procedures as needed.Serving as a resource to counterparts and other OCC departments with problem resolution and departmental policy, procedure, and process explanation.Assist in writing memos for Risk Committee and Board Meetings.Supervisory Responsibilities:
Assist
in prioritizing, execution and the review of departmental assignments.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.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.Expert Microsoft Excel spreadsheet skills.Strong verbal and written communication skillsStrong understanding of statistical concepts, options pricing knowledge, understanding of securities markets, derivatives, and options trading strategies required.Strong problem solving skills.Good presentation skills.Ability to work independently in a fast-paced, dynamic environment.Must be able to work under deadlines and manage multiple tasks.Technical Skills:Experience with Microsoft Office desktop tools (Word, Excel, and PowerPoint).Experience with Bloomberg API preferred.Policytech experience preferred.Education and/or Experience:
Bachelor’s degree in Finance, Economics, Risk Management or related field.MBA or similar MS degree preferred, including progress towards an advanced degree.Two or more years of experience in capital markets, back-office operations or risk managementCertificates or Licenses:
Industry
certifications/licenses
or education preferred.Step 1When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.Step 2You will receive an email notification to confirm that we've received your application.Step 3If 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 EmployerSimilar Jobs (3)
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Senior Associate, Market Risk & Default Management
Apply
locations
Chicago - 125 S Franklin
time type
Full time
posted on
Posted 3 Days Ago
job requisition id
REQ-3726
Who We Are
About UsThe 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 www.theocc.com.What We OfferA 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 3 days per week of remote workTuition Reimbursement to support your continued educationStudent Loan Repayment AssistanceTechnology Stipend allowing you to use the device of your choice to connect to our network while working remotelyGenerous PTO and Parental leaveCompetitive health benefits including medical, dental and visionSummary
What You’ll DoEnsure department policies and procedures are followed and updated as needed to perform monitoring activities within MRDM are performed on a timely basis. Assist team leaders as a resource in problem solving, propose and guide department and corporate projects, as well as propose new controls and process improvements. The Senior Associate will also develop materials for presentation to management, committees, regulators, and auditors and works under a high demand for independent judgment.Primary Duties and Responsibilities:To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.Senior Associate will assist Team leaders and Officers by:Analyze market risk exposures for all products and accounts cleared by OCC, or part of an OCC supported process (i.e.
cross-margin).
Analysis is performed using proprietary OCC tools/applications. Products include equities, government securities, options, futures options, and futures.Monitor potential risks and portfolios with exposure to major events such as Earnings announcements, or key Economic announcements.Provide support and analysis as it relates to margin calls, extended trading hours monitoring, and policy/procedure writing.Monitor clearing member trading positions, and price risk, and create trend analysis, margin call analysis, and other requested dashboard reports to senior management.Maintain relationships with external liquidation agents, default management
committees, auction
participants, and other clearinghouses.Prepare reports regarding position and financial exposures.Analyze portfolios for sensitivity to risk factors and identify hedging strategies.Assist in liquidation of portfolios during a Clearing Member default and subsequent reporting.Provide administrative support for OCC’s auction program.Coordinate and assist in executing periodic default management exercises.Support clearing member’s inquiries regarding OCC’s risk calculations, default management policies and procedures,.Assist in documenting new or enhancing existing policies and procedures as needed.Serving as a resource to counterparts and other OCC departments with problem resolution and departmental policy, procedure, and process explanation.Assist in writing memos for Risk Committee and Board Meetings.Supervisory Responsibilities:
Assist
in prioritizing, execution and the review of departmental assignments.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.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.Expert Microsoft Excel spreadsheet skills.Strong verbal and written communication skillsStrong understanding of statistical concepts, options pricing knowledge, understanding of securities markets, derivatives, and options trading strategies required.Strong problem solving skills.Good presentation skills.Ability to work independently in a fast-paced, dynamic environment.Must be able to work under deadlines and manage multiple tasks.Technical Skills:Experience with Microsoft Office desktop tools (Word, Excel, and PowerPoint).Experience with Bloomberg API preferred.Policytech experience preferred.Education and/or Experience:
Bachelor’s degree in Finance, Economics, Risk Management or related field.MBA or similar MS degree preferred, including progress towards an advanced degree.Two or more years of experience in capital markets, back-office operations or risk managementCertificates or Licenses:
Industry
certifications/licenses
or education preferred.Step 1When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.Step 2You will receive an email notification to confirm that we've received your application.Step 3If 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 EmployerSimilar Jobs (3)
Associate Principal, Quantitative Risk Management - Model Analytics
locations
Chicago - 125 S Franklin
time type
Full time
posted on
Posted 30+ Days Ago
Associate Principal, Internal Audit Business & Risk
locations
Chicago - 125 S Franklin
time type
Full time
posted on
Posted 30+ Days Ago
Associate Principal, Business & Risk Auditor
locations
Chicago - 125 S Franklin
time type
Full time
posted on
Posted 30+ Days Ago
#J-18808-Ljbffr