Principal, Stress Testing & Liquidity Risk Management

OCC • Chicago, IL

4d • $188,000 - $259,800 • Hybrid

About The Position

The Principal in the Stress Testing Group performs risk management activities supporting OCC’s stress testing and liquidity risk management functions. 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 filings, improves the team’s analytical capabilities, and produces clear, concise reports for management. The Principal 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 and Quantitative Risk Management on system requirements, model enhancements, and stress-test development; prepares position and financial exposure reporting; and supports the assessment of stress-test results and counterparty risk. The Principal also supports inquiries, audits, examinations, clearing-member questions, policy and procedure development, and studies for senior management. The position indirectly supervises project team members from FRM and internal technology teams.

This position is hybrid, with up to two days per week of remote work. Travel may be required. The position is not eligible for visa sponsorship. The listed annual salary range is $188,000 to $259,800, with a target annual discretionary incentive range of 23% to 30%.

Requirements

• Thorough understanding of financial derivatives, particularly 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 related mitigation factors.
• Experience developing business requirements and implementing and testing systems.
• Demonstrated proficiency analyzing large and complex data sets.
• Knowledge of SEC and CFTC rules and regulations.
• Ability to interact with all levels of internal and external management.
• Excellent verbal and written communication skills.
• Ability to work independently with little direction and collaboratively in a team, taking initiative to define problems and recommend solutions.
• Strong organization and attention to detail, with the ability to manage deadlines.
• Ability to prepare clear, concise, timely reports documenting adequacy and/or concerns.
• Ability to work on multiple 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 with Windows; 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 efficiency improvements through automation.
• Bachelor’s degree or equivalent experience.
• At least 10 years of work experience in risk management.

Nice To Haves

• Understanding of common market-risk methodologies such as VaR, SPAN, stress testing, liquidity risk, and concentration risk.
• Graduate degree or demonstrable progress toward a graduate degree.
• Risk-management experience with an exchange, regulator, clearing house, or trading firm.
• Chartered Financial Analyst (CFA) charter.
• Financial Risk Manager (FRM) certification.

Responsibilities

• Analyze market and stress-test risk exposures for products and accounts cleared by OCC using OCC tools and applications.
• Work with product teams to develop business requirements for new or enhanced stress-testing and risk-system capabilities.
• Collaborate with the Quantitative Risk Management group on model enhancements and stress-test development.
• Develop tools to prepare position and financial exposure reporting based on large data sets, including analysis of stress-test impacts on OCC’s financial and liquidity resources.
• Work with other OCC risk-management functions to analyze and report clearing-member stress-test results and support counterparty-risk monitoring.
• Interface with second- and third-line functions and external regulators regarding inquiries, audits, and examinations of OCC’s stress-testing processes.
• Explain complex topics to audiences with a range of backgrounds.
• Support responses to clearing-member inquiries about OCC stress-test results, including methodology, policies, and procedures.
• Assist in creating or enhancing policies and procedures.
• Monitor market conditions and assess whether stress-test practices need adjustment due to market or business-line changes.
• Conduct studies and analyses for senior management.
• Manage multiple high-profile projects simultaneously.
• Mentor junior staff and develop their skills and knowledge.
• Indirectly supervise project team members from FRM and internal technology teams.

Benefits

• Hybrid work environment with up to two days per week of remote work.
• Tuition reimbursement.
• Student loan repayment assistance.
• Technology stipend for connecting to the network while working remotely.
• Generous paid time off and parental leave.
• 401(k) employer match.
• Medical, dental, and vision benefits.
• Potential eligibility for a discretionary annual bonus; awards are not guaranteed.

What This Job Offers

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