Lead Associate Principal, Market Risk
External
Theocc · Chicago - 125 S FranklinPrepare for this interview
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About the role
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 www.theocc.com.
Responsibilities
- Primary Duties and Responsibilities:
- To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
- Analyze market risk exposures for all products and accounts cleared by the OCC including equities, futures, index and equity options, options on futures and government securities.
- Monitor clearing members' trading positions and collateral for sensitivities to various risk factors using the OCC's market risk methodologies including Monte Carlo and Stress Testing.
- Develop tools and reports in Python using large data sets to assist in the preparation of position and financial risk analysis and reporting.
- Assist the Market Risk Team with proposing, developing and specifying requirements for a best-in-class intraday market risk system along with a suite of proprietary technological tools.
- Monitor current financial market conditions including corporate earnings and key economic announcements to assess the potential impact to Clearing Member portfolios.
- Work collaboratively with other functions at the OCC including the Quantitative Risk Management team and various IT teams.
- Support responses to clearing member inquiries regarding the OCC's various market risk methodologies and the related policies and procedures.
- Assist in the creation of new or enhancing existing policies and procedures as needed for regulatory inquiries, audits and examinations.
- Conduct miscellaneous studies and analysis for senior management.
- Supervisory Responsibilities:
- None
Requirements
- 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.
- Proficient understanding of statistical concepts, derivatives pricing, securities markets and options trading strategies.
- Strong interpersonal, organizational, problem-solving, and time-management skills.
- Ability to work independently in a fast-paced, dynamic environment.
- Must be able to work under deadlines and manage multiple initiatives and tasks.
- Technical Skills
- Proficient with Python and data management tools (SQL, Trino, or AWS)
- Experience with Confluence and JIRA preferred
- Experience with Microsoft Office Suite (Word, Excel, and PowerPoint).
- Experience with Bloomberg API preferred.
- Education and/or Experience
- Bachelor's degree in Finance, Economics, Risk Management or related field.
- Five or more years of experience in capital markets, back-office operations or risk management.
- MBA or MS degree preferred, including progress towards an advanced degree.
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