Senior Associate, Market Risk

The OCC • Dallas, TX

8h • Hybrid

About The Position

The Senior Associate, Market Risk supports OCC’s Market Risk department by monitoring market risk exposures, portfolios, and clearing member activity. The role applies independent judgment to analyze risk across products and accounts cleared by OCC or included in OCC-supported processes, using proprietary OCC tools and applications. Products include equities, government securities, options, futures options, and futures.

The Senior Associate assists team leaders and officers with risk analysis, margin calls, extended trading hours monitoring, default management, and policy and procedure development. The role also prepares exposure reports and management materials, supports OCC’s auction program, and helps coordinate default management exercises. The position has no supervisory responsibilities.

This is a hybrid position, with up to two days per week of remote work. The position is not eligible for visa sponsorship.

Requirements

• Bachelor’s degree in Finance, Economics, Risk Management, or a related field.
• Two or more years of experience with options, capital markets, back-office operations, or risk management.
• Expert Microsoft Excel spreadsheet skills.
• Strong verbal and written communication skills.
• Strong understanding of statistical concepts, options pricing, securities markets, derivatives, and options trading strategies.
• Strong problem-solving skills and good presentation skills.
• Ability to work independently in a fast-paced, dynamic environment.
• Ability to work under deadlines and manage multiple tasks.
• Experience with Microsoft Office desktop tools, including Word, Excel, and PowerPoint.

Nice To Haves

• MBA or similar MS degree, including progress toward an advanced degree.
• Experience with Bloomberg API.
• SQL experience.
• Industry certifications, licenses, or education.

Responsibilities

• Ensure department policies and procedures are followed and updated as needed so that monitoring activities within MRDM are performed on time.
• Analyze market risk exposures for products and accounts cleared by OCC or included in OCC-supported processes, using proprietary OCC tools and applications.
• Monitor potential risks and portfolios exposed to major events, including earnings announcements and key economic announcements.
• Provide support and analysis relating to margin calls, extended trading hours monitoring, and policy and procedure writing.
• Monitor clearing member trading positions and price risk, and create trend analyses, margin call analyses, and other requested dashboard reports for senior management.
• Maintain relationships with external liquidation agents, default management committees, auction participants, and other clearinghouses.
• Prepare reports regarding position and financial exposures.
• Analyze portfolios for sensitivity to risk factors and identify hedging strategies.
• Assist with portfolio liquidation during a Clearing Member default and prepare subsequent reporting.
• Provide administrative support for OCC’s auction program.
• Coordinate and assist in executing periodic default management exercises.
• Support clearing member inquiries about OCC risk calculations and default management policies and procedures.
• Assist in documenting new or enhanced policies and procedures.
• Help counterparts and other OCC departments resolve problems and understand departmental policies, procedures, and processes.
• Assist in writing memos for Risk Committee and Board meetings.
• Assist in prioritizing, executing, and reviewing departmental assignments.
• Assist team leaders in problem solving, propose and guide department and corporate projects, and propose new controls and process improvements.
• Develop materials for presentation to management, committees, regulators, and auditors.

Benefits

• Hybrid work environment with up to two days per week of remote work.
• Tuition reimbursement.
• Student loan repayment assistance.
• Technology stipend for using a device of choice to connect to the network while working remotely.
• Generous paid time off.
• Parental leave.
• 401(k) employer match.
• Competitive medical, dental, and vision benefits.
• Employees may be eligible for an annual discretionary bonus; awards are not guaranteed.

What This Job Offers

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