Associate Principal, FRM Risk Advisory Services

NOTE: This position does not qualify for visa sponsorship

What You'll Do:

The Associate Principal, Financial Risk Management, Risk Advisory Services serves as a part of Financial Risk Management’s (“FRM’s”) efforts to participate in efforts, working closely with policy, procedure and process owners to coordinate, to review and evaluate FRM’s control environment and, where necessary, help facilitate the design of remediation plans that business owners within the Department will be responsible for executing.  The role will also assist in the Legal Framework initiative for FRM and provide support to FRM staff with respect to interfaces with the Legal, Compliance, Internal Audit and ERM Departments to execute regulatory change management.  
Primary Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

• Learn, develop, and advance financial risk and GRC knowledge through practical experience and ongoing training, to promote efficiency, effectiveness, and maturity of FRM’s control environment

• Drive training of RAS staff on FRM’s processes, GRC practices, and ad-hoc initiatives that support achievement of goals and objectives

• Drive team to support business units’ preparation, execution, and delivery throughout regulatory examinations and other internal or external reviews

• Provide support to FRM staff on expected outcomes to drive resolution of issues discovered during examinations, internal audits, compliance reviews and self-testing findings

• Monitor, coordinate, support, and document remediation activities of FRM and escalate issues, as necessary

• Drive preparation of a summary of remediation activities and closure documentation to FRM leadership and governing committees

• Implement the FRM Department’s internal policies, procedures, processes, controls, and risk statements, Identifying and implementing enhancements for increased efficiency in processes, controls, and related documentation

• Promote best practices related to FRM’s documentation, including control rationalization and frameworks

• Support senior leaders on projects and cross-department collaboration and mentoring of staff

• Drive team to support interactions with regulators, exchanges and other external parties

• Implement risk management policies consistent with risk management and GRC best practices

• Drive business results by continuously demonstrating a strong bias for action through ownership and accountability

• Promote all culture, value, and competency initiatives

• Effectively challenge existing processes

• Drive departmental and budget planning

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.

• [Required] Knowledge of applicable industry rules and regulations (SEC, CFTC, OCC Rules)

• [Required] Experience with internal controls, risk assessment strategies, audit techniques, and project management

• [Required] Experience with educating stakeholders on GRC practices that enables them to effectively incorporate those elements into their processes and activities

• [Required] Ability to understand, analyze, and design complex processes, including identification and implementation of recommended solutions

• [Required] Experience identifying, developing, and implementation solutions for processes that support governance, risk, and compliance activities

• [Required] Ability to understand, at a high level, quantitative models and methodologies and use that knowledge to advise on the associated governance, risk, and compliance activities to achieve positive outcomes

• [Required] Experience performing inherent and residual risk assessments and assessing design and operational effectiveness of applicable controls

• [Required] Must be able to work in a team environment, be responsive to Executive Management

• [Required] Must possess strong oral and written communication and presentation skills with both business and quantitative departments

• [Required] Demonstrated analytical and problem-solving skills and the ability to work in fast paced collaborative environment

• [Required] Must be able to work under deadlines and manage multiple tasks

Technical Skills:

• [Required] Full competency with use of the MS Office suite, with emphasis on Excel, PowerPoint, and Word

• [Preferred] Experience with Governance and Risk & Compliance Software such as Archer

Education and/or Experience:

• [Required] Bachelor of Science in Finance, Business or a related discipline

• [Preferred] MBA

• [Required] 5+ years of experience with audit, compliance and enterprise risk approaches within SEC or CFTC regulated businesses

• [Preferred] Experience within Capital Markets, SIFMU, CCP and/ or Financial Services

• [Required] Exceptional customer service and collaboration skills

• [Required] Strong influence, analytical and verbal/written communication skills

Certificates or Licenses:

• [Preferred] Certified Regulatory Compliance Manager (CRCM), GRC Certification, or Certified Internal Auditor (CIA)

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 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

Benefits

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
• 401k Employer Match
• Competitive health benefits including medical, dental and vision

Visit https://www.theocc.com/careers/thriving-together for more information.

Compensation

• The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
• In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
• We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
• All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.

Salary Range

110,200.00 - 132,800.00 - 155,400.00 USD Annual

Incentive Range

8% to 15%

This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range). The amount of such award, if any, will be based on various factors, including without limitation, both individual and company performance.

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