Principal, AI Governance

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

Responsibilities

• Primary Duties and Responsibilities:
• To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
• Design, own, and continuously evolve the enterprise AI governance framework, including policies, standards, and controls for AI development, deployment, and monitoring.
• Serve as the subject matter expert on AI risk, ethics, explainability, and regulatory compliance, providing guidance across business and technology teams.
• Extend and align existing data governance practices to cover AI-specific requirements, ensuring data quality, lineage, classification, and usage controls are embedded into AI workflows and model development processes.
• Establish and maintain a centralized AI use case inventory, ensuring appropriate risk classification, approval workflows, and oversight across all AI initiatives.
• Define and enforce guardrails to ensure responsible and compliant use of AI and data across the organization.
• Partner with Security, IT, and Compliance teams to implement monitoring and enforcement mechanisms, including detection and remediation of policy violations.
• Incorporate AI risk into the enterprise risk taxonomy and maintain an AI risk register, ensuring visibility into AI-related risk exposure across the organization.
• Conduct risk assessments for new and existing AI solutions, including pre-implementation reviews of vendor AI tools in partnership with Third-Party Risk Management.
• Coordinate with the AI Product Management and AI Engineering groups on employee awareness initiatives, training programs, and development of practical guidance and templates for safe and responsible AI use across the organization.
• Coordinate cross-functional governance bodies and working groups, driving alignment on AI policy, use case decisions, and governance priorities.
• Monitor the external landscape - regulatory changes, industry frameworks, and peer practices - and proactively incorporate relevant developments into the internal program.
• 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.
• 10+ years of experience across data, data governance, risk management, technology governance, or compliance, with at least 4 years focused on AI/ML.
• Hands-on experience in data governance is required, including data quality, metadata management, data lineage, and data classification.
• Deep understanding of the AI/ML lifecycle, including model development, validation, deployment, and monitoring.
• Strong knowledge of AI regulatory and ethics frameworks such as NIST AI RMF.
• Experience operating in a regulated industry, with financial services strongly preferred.
• Demonstrated ability to translate complex technical and regulatory concepts into clear policies and practical guidance.
• Excellent communication and influencing skills, with the ability to engage effectively at both technical and executive levels.
• Experience with privacy regulations and their intersection with AI and data governance.
• Technical Skills:
• Proficient with SQL
• Proficient with Microsoft Office desktop tools (Word, Excel, etc.)
• Database experience a plus (e.g., Oracle, SQL Server, DB2)
• Education and/or Experience:
• Experience operating in a regulated industry required; financial services strongly preferred.
• Certificates or Licenses:
• None required.

Benefits

Additional Information

*****THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP***** To be considered for this position, applications and resumes are accepted only through our careers site by directly applying to the posted job. We do not accept unsolicited resumes or sales solicitations from staffing agencies. Any OCC employee wishing to submit a referral must do so through their Workday account. Any resume submitted outside of an active job posting will not be considered for employment.

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