Principal, Stress Testing & Liquidity Risk Management

The OCC • Dallas, TX

3d • Hybrid

About The Position

The Principal in OCC’s Stress Testing Group performs a broad range of risk management activities supporting stress testing and liquidity risk management. The role mentors junior staff and supports IT in developing a new stress testing system while maintaining and enhancing the current implementation. It also supports regulatory examinations and regulatory filings, improves the team’s analytical capabilities, and produces clear, concise management reporting. The position interacts directly with OCC senior management, Clearing Members, regulators, and other stakeholders.

The role analyzes market and stress test risk exposures across products and accounts cleared by OCC, including equities, government securities, options, futures options, and futures. It works with product teams on business requirements for new and enhanced stress testing and risk system functionality, and collaborates with Quantitative Risk Management on model enhancements and stress test development. The Principal also develops tools and reporting based on large datasets, including analysis of stress test impacts on OCC’s financial and liquidity resources, and works with other risk management functions to monitor counterparty risk.

The position supports regulatory inquiries, audits, and examinations; responds to Clearing Member questions about stress test results and their methodology, policies, and procedures; and helps create or enhance policies and procedures. It monitors market conditions, conducts analysis for senior management, handles multiple high-profile projects, and indirectly supervises project team members across Financial Risk Management and internal technology teams. Willingness to travel as required.

Requirements

• Bachelor’s degree or equivalent experience.
• At least 10 years of work experience in risk management.
• Thorough understanding of financial derivatives, specifically options and futures.
• Experience with central counterparty clearing, derivatives settlement, financial risk management, and regulated capital markets infrastructure.
• Sound understanding of market, credit, and liquidity risk management and corresponding mitigation factors.
• Understanding of common market risk methodologies such as VaR, SPAN, stress testing, liquidity risk, and concentration risk.
• Experience developing business requirements and with systems implementation and testing.
• Demonstrated proficiency analyzing large and complex datasets.
• Knowledge of SEC and CFTC rules and regulations.
• Ability to interact with all levels of management internally and externally.
• Excellent verbal and written communication skills.
• Ability to work independently with little direction as well as collaboratively, take initiative, define problems, and recommend solutions.
• Good organizational skills, attention to detail, and ability to manage deadlines.
• Ability to prepare timely, clear, and concise reports documenting adequacy or concerns.
• Ability to handle multiple projects and assignments and prioritize appropriately.
• Ability to adapt to a fast-paced, highly dynamic work environment.
• Willingness to travel as required.
• Strong PC skills and comfort working in a Windows environment.
• Proficiency in Microsoft Word and PowerPoint.
• High proficiency in Microsoft Excel, including lookups and pivot tables.
• Experience with SQL, Python, R, Matlab, Tableau, Alteryx, and/or other data analytics tools.
• Experience with Jira in an Agile development environment.
• Experience with AI tools such as Claude Chat for data analysis and improving efficiency through automation.

Nice To Haves

• Graduate degree or demonstrable progress toward a graduate degree.
• Experience with an exchange, regulator, clearing house, or trading firm.
• Chartered Financial Analyst (CFA) charter or Financial Risk Manager (FRM) certification.

Responsibilities

• Analyze market and stress test risk exposures for all products and accounts cleared by OCC, including equities, government securities, options, futures options, and futures.
• Work with product teams to develop business requirements for new or enhanced stress testing and risk system capabilities.
• Collaborate with Quantitative Risk Management on model enhancements and stress test development.
• Develop tools for position and financial exposure reporting based on large datasets, including the impact of stress test results on OCC’s financial and liquidity resources.
• Work with other risk management functions to analyze and report on Clearing Member stress test results and support counterparty risk monitoring.
• Interface with internal second- and third-line functions and external regulators in support of inquiries, audits, and examinations of OCC’s stress testing processes.
• Explain complex topics to audiences with different backgrounds.
• Support responses to Clearing Member inquiries about stress test results, including the supporting methodology, policies, and procedures.
• Assist in creating or enhancing policies and procedures.
• Monitor market conditions and assess whether stress testing practices should be adjusted in response to market changes or OCC business-line changes.
• Conduct studies and analyses for senior management.
• Work on multiple high-profile projects simultaneously.
• Mentor junior team members and develop their skills and knowledge.
• Indirectly supervise project team members across Financial Risk Management and internal technology teams.
• Support IT in developing a new stress testing system while maintaining and enhancing the current implementation.
• Assist with regulatory examination activities and the regulatory filing process.
• Improve the team’s analytical capabilities and produce clear, concise management reporting.

Benefits

• Hybrid work environment with up to two remote-work days per week.
• Tuition reimbursement.
• Student loan repayment assistance.
• Technology stipend for using a device of the employee’s choice when connecting remotely.
• Generous paid time off.
• Parental leave.
• 401(k) employer match.
• Competitive medical, dental, and vision benefits.
• Employees may be eligible for a discretionary annual bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior