Senior Associate, Market Risk
About The Position
The Senior Associate, Market Risk supports monitoring and analysis of market risk for products and accounts cleared by OCC or included in an OCC-supported process, such as cross-margin. The role uses proprietary OCC tools and applications and covers products including equities, government securities, options, futures options, and futures. The Senior Associate helps ensure that department policies and procedures are followed and updated, supports team leaders with problem solving and projects, and proposes controls and process improvements. The position requires independent judgment and includes preparing materials for management, committees, regulators, and auditors. The role also monitors risks and portfolios exposed to major events, supports margin calls and extended-trading-hours monitoring, analyzes clearing member positions and price risk, and prepares exposure and trend reports. It maintains relationships with external liquidation agents, default management committees, auction participants, and other clearinghouses. The Senior Associate supports portfolio liquidation and reporting during a Clearing Member default, OCC’s auction program, periodic default management exercises, clearing member inquiries, policy and procedure documentation, and departmental assignments.
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.
- 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
- Analyze market risk exposures for products and accounts cleared by OCC or included in an OCC-supported process, using proprietary OCC tools and applications.
- Monitor potential risks and portfolios exposed to major events, including earnings and key economic announcements.
- Support and analyze 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 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 subsequent reporting.
- Provide administrative support for OCC’s auction program.
- Coordinate and assist with periodic default management exercises.
- Support clearing member inquiries regarding 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 explain 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 and Officers as a resource in problem solving, projects, controls, and process improvements.
- Develop materials for presentation to management, committees, regulators, and auditors.
Benefits
- Hybrid work environment with up to 2 days per week of remote work.
- Tuition reimbursement.
- Student loan repayment assistance.
- Technology stipend for connecting to the network while working remotely.
- Generous PTO and parental leave.
- 401k employer match.
- Medical, dental, and vision benefits.
- Employees may be eligible for a discretionary annual bonus; bonuses are not guaranteed.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
