Lead Associate Principal, Market Risk
The Options Clearing Corporation (OCC), Chicago, IL, United States
What You'll Do:
The Lead 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. This includes monitoring Clearing Member accounts for excessive risk while building technical solutions for reporting and tooling. The Lead Associate Principal will assist team leaders as a resource in problem solving, guiding department and corporate projects, proposing new controls and process improvements, and developing materials for presentation to OCC leaders, the Management Committee, regulators and auditors. The role requires independent judgment, a desire to challenge the status quo, and the ability to develop technical solutions via Python and similar technologies.
Primary Duties and Responsibilities:
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 such as Monte Carlo and Stress Testing.
Develop tools and reports in Python using large data sets to assist in the preparation of position and financial risk analysis and reporting.
Assist the Market Risk Team with proposing, developing and specifying requirements for a best-in-class intraday market risk system and associated proprietary technological tools.
Monitor current financial market conditions including corporate earnings and key economic announcements to assess the potential impact on Clearing Member portfolios.
Work collaboratively with other OCC functions, including the Quantitative Risk Management team and various IT teams.
Support responses to clearing member inquiries regarding the OCC’s various market risk methodologies, policies, and procedures.
Assist in creating or enhancing policies and procedures for regulatory inquiries, audits and examinations.
Conduct miscellaneous studies and analysis for senior management.
Supervisory Responsibilities:
None
Qualifications:
Proficient understanding of statistical concepts, derivatives pricing, securities markets and options trading strategies.
Strong interpersonal, organizational, problem-solving, and time-management skills.
Ability to work independently in a fast-paced, dynamic environment.
Must meet deadlines and manage multiple initiatives and tasks.
Technical Skills:
Proficient with Python and data management tools (SQL, Trino, or AWS).
Experience with Confluence and JIRA preferred.
Experience with Microsoft Office Suite (Word, Excel, PowerPoint).
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 MS degree preferred, including progress toward an advanced degree.
About Us: 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.
Benefits:
A hybrid work environment, up to 2 days per week of remote work.
Tuition Reimbursement to support continued education.
Student Loan Repayment Assistance.
Technology Stipend to use the device of choice to connect to the network while working remotely.
Generous PTO and parental leave.
401(k) Employer Match.
Competitive health benefits including medical, dental, and vision.
Compensation:
The salary range is exclusive of fringe benefits and potential bonuses. Final base salary will be determined by skills, experience, and education.
Pay equity is considered; internal equity of existing team members is part of any final offer.
Most hires start below the maximum of the range to allow for future salary growth, and a substantial benefits package is provided.
All employees may be eligible for a discretionary bonus based on company and individual performance. Bonuses are not guaranteed.
Salary Range: $151,400.00 - $212,200.00
Incentive Range: 8% to 15%
OCC is an Equal Opportunity Employer.
#J-18808-Ljbffr
Primary Duties and Responsibilities:
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 such as Monte Carlo and Stress Testing.
Develop tools and reports in Python using large data sets to assist in the preparation of position and financial risk analysis and reporting.
Assist the Market Risk Team with proposing, developing and specifying requirements for a best-in-class intraday market risk system and associated proprietary technological tools.
Monitor current financial market conditions including corporate earnings and key economic announcements to assess the potential impact on Clearing Member portfolios.
Work collaboratively with other OCC functions, including the Quantitative Risk Management team and various IT teams.
Support responses to clearing member inquiries regarding the OCC’s various market risk methodologies, policies, and procedures.
Assist in creating or enhancing policies and procedures for regulatory inquiries, audits and examinations.
Conduct miscellaneous studies and analysis for senior management.
Supervisory Responsibilities:
None
Qualifications:
Proficient understanding of statistical concepts, derivatives pricing, securities markets and options trading strategies.
Strong interpersonal, organizational, problem-solving, and time-management skills.
Ability to work independently in a fast-paced, dynamic environment.
Must meet deadlines and manage multiple initiatives and tasks.
Technical Skills:
Proficient with Python and data management tools (SQL, Trino, or AWS).
Experience with Confluence and JIRA preferred.
Experience with Microsoft Office Suite (Word, Excel, PowerPoint).
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 MS degree preferred, including progress toward an advanced degree.
About Us: 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.
Benefits:
A hybrid work environment, up to 2 days per week of remote work.
Tuition Reimbursement to support continued education.
Student Loan Repayment Assistance.
Technology Stipend to use the device of choice to connect to the network while working remotely.
Generous PTO and parental leave.
401(k) Employer Match.
Competitive health benefits including medical, dental, and vision.
Compensation:
The salary range is exclusive of fringe benefits and potential bonuses. Final base salary will be determined by skills, experience, and education.
Pay equity is considered; internal equity of existing team members is part of any final offer.
Most hires start below the maximum of the range to allow for future salary growth, and a substantial benefits package is provided.
All employees may be eligible for a discretionary bonus based on company and individual performance. Bonuses are not guaranteed.
Salary Range: $151,400.00 - $212,200.00
Incentive Range: 8% to 15%
OCC is an Equal Opportunity Employer.
#J-18808-Ljbffr