The Options Clearing-posted 2 months ago
$171,300 - $219,100/Yr
Full-time • Mid Level
Hybrid • Chicago, IL
1,001-5,000 employees
Securities, Commodity Contracts, and Other Financial Investments and Related Activities

The Options Clearing Corporation (OCC) is seeking a qualified candidate to lead and support a team of quantitative analysts and developers. The role involves developing, implementing, and maintaining risk models for margin, clearing fund, and stress testing. Responsibilities include model analytics and performance monitoring, model prototyping and testing, and model implementation. The candidate will be responsible for project outcomes and will collaborate with cross-functional teams, including risk managers in Financial Risk Management, Information Technology, Model Validation, and Compliance. The position also requires leading the development of models for pricing, margin risk, and stress testing of financial products and derivatives. The candidate will create, design, and code algorithmic models using R and Python, apply advanced mathematical and statistical models, enhance code using SQL, and provide training to the team. Additional responsibilities include writing and reviewing documentation, participating in peer reviews, providing production support, and preparing materials for the Risk Committee and model filings with regulators.

  • Lead and support a team of quantitative analysts and developers.
  • Develop, implement, and maintain risk models for margin, clearing fund, and stress testing.
  • Collaborate with cross-functional teams involving risk managers.
  • Lead the development of models for pricing, margin risk, and stress testing.
  • Create, design, and code algorithmic models on financial products using R and Python.
  • Apply advanced mathematical and statistical models in developing risk models.
  • Enhance code using SQL to fetch data from different databases.
  • Provide training to the team in quality assurance testing.
  • Write and review documentation for models and model prototypes.
  • Participate in peer review of model documentation and code.
  • Provide production support and troubleshoot model, system, and data issues.
  • Provide quantitative analysis and support to risk managers.
  • Prepare materials for the Risk Committee and model filings with regulators.
  • Master's degree in computer science, finance, financial engineering, or financial mathematics.
  • Five (5) years of experience as a quantitative analyst, associate principal (QRM), or related.
  • Experience with algorithmic models on futures, options, and other financial products.
  • Experience in designing and implementing model performance monitoring metrics.
  • Experience with Copula, extreme value theory, and Black-Scholes.
  • Hybrid work environment, up to 2 days per week of remote work.
  • Tuition Reimbursement.
  • Student Loan Repayment Assistance.
  • Technology Stipend.
  • Generous PTO and Parental leave.
  • 401k Employer Match.
  • Competitive health benefits including medical, dental, and vision.
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