- Senior Associate will assist Team leaders and Officers by:
- Analyze market risk exposures for all products and accounts cleared by OCC, or part of an OCC supported process (i.e. cross-margin). Analysis is performed using proprietary OCC tools/applications. Products include equities, government securities, options, futures options, and futures.
- Monitor potential risks and portfolios with exposure to major events such as Earnings announcements, or key Economic announcements.
- Provide support and analysis as it relates to margin calls, extended trading hours monitoring, and policy/procedure writing.
- Monitor clearing member trading positions, and price risk, and create trend analysis, margin call analysis, and other requested dashboard reports to 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 in liquidation of portfolios during a Clearing Member default and subsequent reporting.
- Provide administrative support for OCC's auction program.
- Coordinate and assist in executing periodic default management exercises.
- Support clearing member's inquiries regarding OCC's risk calculations, default management policies and procedures,.
- Assist in documenting new or enhancing existing policies and procedures as needed.
- Serving as a resource to counterparts and other OCC departments with problem resolution and departmental policy, procedure, and process explanation.
- Assist in writing memos for Risk Committee and Board Meetings.
- Assist in prioritizing, execution and the review of departmental assignments.
- 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.
- Expert Microsoft Excel spreadsheet skills.
- Strong verbal and written communication skills
- Strong understanding of statistical concepts, options pricing knowledge, understanding of securities markets, derivatives, and options trading strategies required.
- Strong problem solving skills.
- Good presentation skills.
- Ability to work independently in a fast-paced, dynamic environment.
- Must be able to work under deadlines and manage multiple tasks.
- Experience with Microsoft Office desktop tools (Word, Excel, and PowerPoint).
- Experience with Bloomberg API preferred.
- Policytech experience preferred.
- Bachelor's degree in Finance, Economics, Risk Management or related field.
- MBA or similar MS degree preferred, including progress towards an advanced degree.
- Two or more years of experience in capital markets, back-office operations or risk management
- Industry certifications/licenses or education preferred.
-
Head of Market Risk
6 hours ago
Northern Trust Corp. Chicago, United StatesAbout Northern Trust: · Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. · Northern Trust is proud to provide innovative financial services and guidance to the world's most succe ...
-
Analyst, Capital Markets Risk and Resiliency
1 week ago
Northern Trust Corp. Chicago, United StatesAbout Northern Trust: · Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. · Northern Trust is proud to provide innovative financial services and guidance to the world's most succe ...
-
Market Risk Associate
15 hours ago
ABN AMRO Clearing USA LLC Chicago, United StatesWinner of Built In's 2024 Best Places to Work · About ABN AMRO Clearing USA LLC: · ABN AMRO Clearing USA LLC (AAC-USA) is a subsidiary of ABN AMRO Clearing Bank N.V. We are a global clearing firm that provides an integrated suite of financial services to professional trading part ...
-
Market Risk Associate
16 hours ago
ABN AMRO Clearing USA LLC Chicago, United StatesWinner of Built In's 2024 Best Places to Work · Read the overview of this opportunity to understand what skills, including and relevant soft skills and software package proficiencies, are required. · About ABN AMRO Clearing USA LLC: · ABN AMRO Clearing USA LLC (AAC-USA) is a s ...
-
Market Risk Analyst
1 week ago
DV Trading Chicago, United States**London or Chicago Based** · About Us: · Founded more than 15 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 450 people operating throughout North America and in Europe. Since spinning out of a large brokerage firm in 201 ...
-
Market Risk Analyst
1 week ago
DV Trading Chicago, United StatesJob Description · Job Description**London or Chicago Based** · About Us: · Founded more than 15 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 450 people operating throughout North America and in Europe. Since spinning out ...
-
Head of Market Risk
1 day ago
Northern Trust Chicago, United States Full timeAbout Northern Trust: · Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. · Northern Trust is proud to provide innovative financial services and guidance to the world's most succe ...
-
Market Risk Manager Engineering
1 week ago
Crypto Chicago, United StatesThe exchange team develops and maintain a cutting-edge trading platform. With a global presence across APAC, EMEA and North America, the team has since grown with the goal to provide a seamless and secure trading experience for our clients. · About the role · We are looking for a ...
-
Senior Associate, Market Risk
2 days ago
OCC Chicago, United States Full timeThis position does not qualify for visa sponsorship · 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 cleari ...
-
Associate Principal, Market Risk Quant
1 week ago
The Options Clearing Corporation Chicago, United StatesName of Employer:The Options Clearing Corporation. Job Title:Associate Principal, Market Risk Quant. Location:125 S. Franklin Street, Suite 1200, Chicago, IL 60606 Duties:Work closely with OCCs quantitative group and other financial risk teams to en Risk, Associate, Principal, Ri ...
-
Associate Principal, Market Risk Quant
1 week ago
OCC Chicago, United States Full timeName of Employer: · The Options Clearing Corporation · Job Title: · Associate Principal, Market Risk Quant · Location: · 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 · Duties: · Work closely with OCC's quantitative group and other financial risk teams to enhance current ...
-
Analyst, Capital Markets Risk and Resiliency
2 weeks ago
Northern Trust Chicago, United States Full timeAbout Northern Trust: · Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. · Northern Trust is proud to provide innovative financial services and guidance to the world's most succe ...
-
Canadian Imperial Bank of Commerce Chicago, United StatesModel Risk Management Capitals Markets Associate page is loaded · Model Risk Management Capitals Markets Associate · Apply · locations · Chicago, IL · time type · Full time · posted on · Posted 3 Days Ago · job requisition id · We're building a · relationship-oriented ...
-
CIBC Chicago, United StatesWe're building a · relationship-oriented · bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients. · At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have ...
-
Senior Vice President, Market Risk Analytics
1 week ago
Interactive Resources - iR Chicago, United StatesWe are a prominent Financial Services organization dedicated to providing comprehensive solutions and unparalleled expertise to clients worldwide. With a commitment to innovation, integrity, and excellence, we are seeking a dynamic and experienced Senior Vice President of Risk An ...
-
Northern Trust Chicago, United StatesAbout Northern Trust: · Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. · Northern Trust is proud to provide innovative financial services and guidance to the world's most succe ...
-
Northern Trust Chicago, United StatesAbout Northern Trust: · Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. · Northern Trust is proud to provide innovative financial services and guidance to the world's most suc ...
-
Northern Trust Chicago, United States Full timeAbout Northern Trust: · Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. · Northern Trust is proud to provide innovative financial services and guidance to the world's most succe ...
-
Sales Development Representative
1 week ago
Origami Risk LLC Chicago, United StatesOverview: · As a Sales Development Representative (SDR) you will be responsible for seeking new business opportunities by fielding all inbound marketing leads. You will use your communication skills to cultivate strong relationships with potential clients. Our strongest SDR's are ...
-
Control Testing
1 week ago
Marex Chicago, United StatesDiversified. Resilient. Dynamic. · Marex is a global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets. · The Group provides comprehensive breadth and depth of coverage ...
Senior Associate, Market Risk - Chicago, United States - OCC
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 allowing 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
What You'll Do
Ensure department policies and procedures are followed and updated as needed to perform monitoring activities within MRDM are performed on a timely basis. Assist team leaders as a resource in problem solving, propose and guide department and corporate projects, as well as propose new controls and process improvements. The Senior Associate will also develop materials for presentation to management, committees, regulators, and auditors and works under a high demand for independent judgment.
Primary Duties and Responsibilities:
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
Supervisory Responsibilities:
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.
Technical Skills:
Education and/or Experience:
Certificates or Licenses:
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