Associate Principal, Core Credit

What You'll Do:
As a member of OCC's Credit Risk Management team, you will help safeguard OCC from counterparties who exhibit elevated credit or operational risk or lack appropriate risk management programs. Associate Principals are responsible for identifying, measuring, monitoring, managing, and reporting various risks and exposures introduced to OCC by clearing members, banks, and other critical counterparties. Associate Principals have a strong understanding of the risks present within the clearing industry and/or the participating financial entities, including broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities. Associate Principals mentor and train (Sr.) Associates and build and manage overall risk profiles of counterparties through several direct and ancillary processes.
Primary Duties and Responsibilities:
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

• Monitor ongoing creditworthiness of counterparties and their compliance with OCC rules and other regulatory requirements, material news and event disclosures, interact with counterparties to identify root cause of issues or concerns, and escalate issues requiring enhanced surveillance to department management and internal working groups so appropriate actions can be taken.
• Independently analyze financial statements to identify levels and trends in key metrics and ratios.
• Perform, lead, or manage (as appropriate) periodic credit risk examinations on clearing member's risk management policies, procedures, processes, staff, and systems to understand how the member is mitigating its risk to OCC.
• In connection with aforementioned credit risk examinations, as well as ongoing risk monitoring of clearing members and other counterparties, engage directly, both in-person and via virtual meetings, with senior personnel of such firms.
• As needed, work closely with department management on projects, cross-department collaboration, and mentoring of colleagues.
• Act as a department expert for other Financial Risk Management teams and counterparty-facing departments when assessing all risks posed by counterparties and collaborating on cross-departmental initiatives.
• Develop, maintain, enhance, and adhere to written policies and procedures.
• Participate in or lead procedure-related control testing activities and identify opportunities for improving the control environment.
• Supervise and confirm adherence to regulatory reporting obligations.
• Work with internal and external stakeholders to support audits/exams

Supervisory Responsibilities:
Not Applicable
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.

• Ability to perform independent counterparty credit analysis including a strong understanding of the CAMEL(S) rating methodology and other rating systems.
• Demonstrated analytical and problem-solving skills and the ability to work in a collaborative environment.
• Ability to read and understand financial statements, brokerage statements, and accounting records.
• Proficient knowledge of regulatory rules and regulations related to the SEC/CFTC .
• Proficient knowledge of the financial services industry, including the financial, market, liquidity and operational risks of broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities
• Proficient understanding of securities markets, derivatives, and option trading strategies.
• Excellent organization skills - must be detail oriented.
• Strong verbal and written communication skills, with proven ability to work and converse with executive level management.
• Strong financial acumen.
• Ability to work well under pressure with multiple priorities and time-sensitive deadlines.
• Experience supporting department efforts in internal audits or regulatory exams, including responses and remediation action plans, preferred.

Technical Skills:

• Proficient in Microsoft Office, including Excel experience using lookups and pivot tables to perform data analysis, and comfortable developing PowerPoint presentations.
• Experience using data visualization software (e.g., Tableau, Power BI)
• Intermediate-to-Advanced analytical, problem-solving skills, including the ability to accumulate, organize, and assimilate large amounts of information.
• Experience using Bloomberg and/or S&P Global Market Intelligence, and the technical ability to connect these tools to Excel preferred

Education and/or Experience:

• 7+ years of counterparty credit risk or relevant financial services industry experience
• Bachelor's degree (preferably in Risk Management, Accounting, Finance or Economics)
• Master's degree or progress towards a Master's degree (preferably in Risk Management, Accounting, Finance, or Economics) preferred.

Certificates or Licenses:

• Desire to learn, or progress towards, a CFA or FRM certification

Who We Are
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.
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 2 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.
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