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    Principal, Software Engineering - Chicago, United States - Options Clearing Corporation

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    Description
    Who We Are

    About Us

    The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization.

    Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions.

    As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System.

    OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms.

    More information about OCC is available at

    What We Offer

    A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness.


    Some of these components include:
    A hybrid work environment, up to 3 days per week of remote work.
    Tuition Reimbursement to support your continued education.
    Student Loan Repayment Assistance.
    Technology Stipend allows you to use the device of your choice to connect to our network while working remotely.
    Generous PTO and Parental leave.
    Competitive health benefits including medical, dental and vision.
    Summary

    This role is responsible for one or more functions within Quantitative Risk Management (QRM) who develops and maintains risk models for margin, clearing fund and stress testing with the focus on developing and maintaining risk model software in production, and environments and infrastructure used in model implementation and testing.

    This role will collaborate with other developers, quantitative analysts, business users, data & technology staff to expand QRMs technical capabilities for model development, backtesting and monitoring.


    Primary Duties and Responsibilities:
    To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

    Develop and maintain software and environments used to implement and test systems for pricing, margin risk and stress testing of financial products and derivatives.

    Configure and manage resources in the local and AWS cloud environments and deploy QRMs software on these resources.
    Develop CI/CD pipelines.
    Configure, execute, and monitor execution pipelines for model testing, backtesting and monitoring.
    Contribute to development of QRMs databases and ETLs.
    Integrate model prototypes, model library and model testing tools using best industry practices and innovations.
    Create unit and integration tests; build and enhance test automation tools.
    Participate in code reviews and demo accomplishments.
    Write technical documentation and user manuals.
    Provide production support and perform troubleshooting.


    Supervisory Responsibilities:
    None


    Qualifications:
    The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.
    Strong programing skills. Able to read and/or write code using a programming language (e.g., Java, C++, Python, etc.)

    in a collaborative software development setting:
    The role requires advanced coding, database and environment manipulation skills.

    Track record of complex production implementations and a demonstrated ability in developing and maintaining enterprise level software, including in the cloud environment.

    Proficiency in technical and/or scientific documentation (e.g., white papers, user guides, etc.)

    Strong problem-solving skills: Be able to accurately identify a problem's source, severity, and impact to determine possible solutions and needed resources.

    Experience with Agile/SCRUM or another rapid development framework.
    Financial products knowledge is a plus: understanding of markets and financial derivatives in equities, interest rate, and commodity products.
    Background in Financial mathematics is a plus: derivatives pricing models, stochastic calculus, statistics and probability theory, linear algebra.


    Technical Skills:


    Proficiency in Java (preferred) or another object-oriented language is required, including effective application of design patterns and best coding practices.

    DevOps experience, with a good command of CI/CD process and tools (e.g., Git, GitHub, Gradle, Jenkins, Docker, Helm, Harness). Experience in containerized deployment in cloud environments.
    Experienced with cloud technology (AWS preferred), infrastructure-as-code (e.g. Terraform), managing and orchestrating containerized workloads (e.g. Kubernetes).
    Experience with logging, profiling, monitoring, telemetry (e.g. Splunk, OpenTelemetry).

    Good command of database technology and query languages (SQL) and non-relational DB and other Big Data technology, including efficient storage and serialization protocols (e.g.

    Parquet, Avro, Protocol Buffers).
    Experience with automated quality assurance frameworks (e.g., Junit, TestNG, PyTest, etc.).
    Experience with high performance and distributed computing.
    Experience with productivity tools such as Jira, Confluence, MS Office.
    Experience with scripting languages such as Python is a plus.
    Experience with numerical libraries and/or scientific computing is a plus.


    Education and/or Experience:
    Masters degree or equivalent in a computational or numerical field such as computer science, information systems, mathematics, physics
    10+ years of experience as a software developer with exposure to the cloud or high-performance computing areas


    Certificates or Licenses:
    None

    Step 1
    When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.

    Step 2
    You will receive an email notification to confirm that we've received your application.

    Step 3

    If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.

    For more information about OCC, please click here.

    OCC is an Equal Opportunity Employer

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