The Options Clearing-posted 2 months ago
$71,500 - $106,300/Yr
Full-time • Mid Level
Hybrid • Chicago, IL
1,001-5,000 employees
Securities, Commodity Contracts, and Other Financial Investments and Related Activities

As a member of OCC's Credit Risk Management team, you will help safeguard OCC from counterparties who exhibit elevated credit risks. Associate Principals are responsible for identifying, developing, measuring, monitoring, reporting, and enhancing processes that monitor thresholds and trends of various risks and exposures introduced to OCC by clearing members, banks, and other critical counterparties. Senior Associates utilize a strong technical and analytical skillset to assist the Credit Department with its projects and reporting. Maintain a general understanding of the risks present within the clearing industry and/or the participating financial entities, including broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities.

  • Support CORE team with analysis of ongoing creditworthiness of counterparties and escalate issues requiring enhanced surveillance to department management and internal working groups.
  • Support CORE team with analytical solutions to assist with financial statement analysis, including identifying levels and trends in key metrics and ratios.
  • Collaborate with IT and other internal teams to design and implement advanced scalable data analytics solutions.
  • Work closely with department management on projects, cross-department collaboration, and mentoring of colleagues.
  • Support CORE team with critical, time-sensitive, and/or complex counterparty inquiries requiring data collection or analysis.
  • Support system, data, and risk methodology development, assist reviewing data and risk methodologies during annual reviews.
  • Develop, maintain, enhance, and adhere to written policies and procedures.
  • Participate in procedure-related control testing activities and identify opportunities for improving the control environment.
  • Demonstrated analytical and problem-solving skills and the ability to work in a collaborative environment.
  • Familiarity with financial statements, brokerage statements, and accounting records.
  • General knowledge of the financial services industry, including the financial, market, liquidity and operational risks of broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities.
  • General understanding of securities markets, derivatives, and option trading strategies.
  • Track record of independently managing and successfully completing high visibility projects.
  • Excellent organization skills - must be detail oriented.
  • Strong verbal and written communication skills, with proven ability to work and converse with executive level management.
  • Strong Mathematical skills and financial acumen.
  • Comfortable working in a customer service-oriented environment and addressing questions from both OCC colleagues and OCC counterparties.
  • Ability to work well under pressure with multiple priorities and time-sensitive deadlines.
  • Intermediate-to Advanced in Microsoft Office, including Excel experience using lookups and pivot tables.
  • Intermediate- to-Advanced SQL, including the ability to write and edit queries.
  • Experience using data visualization software (e.g., Tableau, Power BI).
  • Familiarity with data stack applications such as Snowflake and code versioning in Github.
  • Coding experience with (e.g., Python, R, VBA macros) required.
  • Familiarity using Bloomberg and/or S&P Global Market Intelligence.
  • 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.
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