The Options Clearing Corporation
Senior Associate, Market Risk & Default Management
The Options Clearing Corporation, Chicago, Illinois, United States, 60290
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 AreThe 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 2 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 visionStep 1When you find a position you're interested in, click the 'Apply' button. Please complete the application andattach 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 Employer
#J-18808-Ljbffr
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 AreThe 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 2 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 visionStep 1When you find a position you're interested in, click the 'Apply' button. Please complete the application andattach 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 Employer
#J-18808-Ljbffr