Associate, Collateral Services

OCC • Chicago, IL

1d • Hybrid

About The Position

The Associate, Collateral Services position at The Options Clearing Corporation (OCC) involves performing accurate transaction processing and activity monitoring in the areas of collateral, settlement, and stock loan, adhering to OCC rules, policies, and procedures. The role requires daily interaction with clearing members, banks, and exchanges to optimize processing and includes performing audits related to department functions, assisting management with audit requests, and contributing to the writing and reviewing of OCC policies and procedures. The Associate will also provide training and leadership to other Collateral Services staff members. The Options Clearing Corporation (OCC), founded in 1973, is the world's largest equity derivatives clearing organization. As a Systemically Important Financial Market Utility (SIFMU), OCC is regulated by the SEC, CFTC, and the Federal Reserve, and is dedicated to promoting stability and market integrity by providing clearing and settlement services for options, futures, and securities lending transactions to over 100 clearing members and 19 exchanges and trading platforms.

Requirements

• Excellent oral and written communication skills
• Excellent customer service skills
• Ability to solve problems.
• Ability to multitask in a dynamic environment
• Ability to interact in a professional manner with internal and external participants (including but not limited to co-workers, management, clearing members, banks, and exchanges).
• Ability to cover various shifts and work overtime, including weekends if conditions warrant.
• Working knowledge of Microsoft Word, PowerPoint, and Excel (managing data, formulas, pivot tables, macros and lookup functions)
• Bachelor’s degree in Accounting, Finance, or a related discipline or an equivalent combination of education and or experience

Nice To Haves

• 1 – 3 years of related work experience

Responsibilities

• Accurately monitor and process collateral, settlement, and stock loan activity using OCC’s proprietary systems (such as Encore), multiple external bank systems, and other depository systems.
• Analyze collateral, settlement, and stock loan data by utilizing internal and external systems; present results in a professional and enriching manner to management and external parties.
• Interact daily with internal and external participants (including but not limited to co-workers, departments, clearing members, banks, and exchanges) by responding to inquiries and problems.
• Review applicable rules, agreements, policies and procedures and perform scheduled audits to ensure the integrity of collateral.
• Assist in the development and maintenance of OCC policies, Collateral Services procedures and training guides by writing, updating, and reviewing them.
• Adhere to OCC’s policies, procedures, and rules.
• Assist in various ad-hoc and corporate projects as assigned by management.
• Other duties as assigned

Benefits

• A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness.
• 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
• All employees may be eligible for a discretionary bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 501-1,000 employees