Senior Associate, Market Risk

To be considered for this position, applications and resumes are accepted only through our careers site by directly applying to the posted job. We do not accept unsolicited resumes or sales solicitations from staffing agencies. Any OCC employee wishing to submit a referral must do so through their Workday account. Any resume submitted outside of an active job posting will not be considered for employment.

What You’ll Do

Ensure 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.

• 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.
• Assist in prioritizing, execution and the review of departmental assignments.

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.

• Expert Microsoft Excel spreadsheet skills.
• Strong verbal and written communication skills
• Strong 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.
• SQL 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 with options, capital markets, back-office operations or risk management.

Certificates or Licenses:

• Industry certifications/licenses or education preferred.

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. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 23 exchanges and trading platforms. More information about OCC is available at www.theocc.com.

Benefits

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
• 401k Employer Match
• Competitive health benefits including medical, dental and vision

Visit https://www.theocc.com/careers/thriving-together for more information.

Compensation

• The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
• In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
• We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
• All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.

Salary Range

Incentive Range

This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range). The amount of such award, if any, will be based on various factors, including without limitation, both individual and company performance.

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