OCC-posted 3 months ago
$171,300 - $219,100/Yr
Full-time • Senior
Franklin, TN
1,001-5,000 employees

The Options Clearing Corporation (OCC) is seeking a qualified candidate to lead and support a team of quantitative analysts and developers in developing, implementing, and maintaining risk models for margin, clearing fund, and stress testing. The role involves model analytics and performance monitoring, model prototyping and testing, and model implementation. The successful 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 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 on futures, options, and other financial products for back testing and stress testing using R and Python. Advanced mathematical and statistical models will be applied in developing risk models and risk management systems. The role also includes enhancing code using SQL to fetch data from various databases and automating the monitoring process for model performance metrics. Training team members in quality assurance testing, writing and reviewing documentation, and providing production support are also key responsibilities.

  • 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.
  • Create, design, and code algorithmic models on futures, options, and other financial products.
  • Apply advanced mathematical and statistical models in developing risk models.
  • Enhance code using SQL to fetch data from different databases.
  • Automate the monitoring process for model performance metrics.
  • Provide training to team members 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.
  • 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 role.
  • Experience leveraging R and Python for algorithmic model creation and performance monitoring.
  • Experience applying advanced mathematical and statistical models using Copula, extreme value theory, and Black-Scholes.
  • Experience enhancing code using SQL to fetch data from various databases.
  • 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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