Job Title:
Associate Principal, Third Party Risk Management
Location:
125 S. Franklin Street, Suite 1200, Chicago, IL 60606
Duties:
Provide critical support to Third Party Risk Management by executing risk identification, third party risk assessments and mitigation support, as well as preparing management reports and monitoring tools. Work across multiple lines of business to assist with TPRM efforts to analyze, monitor and manage third party relationships in compliance with TPRM procedures. Maintain governance and oversight responsibilities to ensure third parties are properly assessed. Assist with the creation and development of standardized reports, templates and scorecards used to inform management on third party risks. Perform comprehensive financial evaluations of companies using reporting tools such as RapidRatings, and CreditRiskMonitor and collaborate with colleagues to conduct statistical evaluations, financial simulations, and due diligence. Analyze and implement technical standards and knowledge to comply with IIA standards, AICPA consulting standards, state and local financial reporting requirements, and GAAP to realign and optimize companies or business areas in the IT environment (strategy, organizational structure, business processes, systems). Conduct thorough risk assessments including Cybersecurity, and Business Continuity assessments on a regular basis by gathering and evaluating relevant data to provide well-informed suggestions on improvements and modifications to operations. Improve risk reporting protocols by creating an automated, real-time dashboard using Tableau that provides executives with actionable insights, ultimately improving decision-making accuracy. Ensure quality of work performed by other analysts. Assist with TPRM training. Up to 40% telecommuting permitted. *This position qualifies for The Options Clearing Corporation’s Employee Referral Program.*
Education & Experience Required:
Master’s degree in CS, information systems or related and one (1) year of experience as a risk management associate/analyst, analyst, consultant or related
Special Skills Required:
Must have work experience with each of the following: 1) Perform comprehensive financial evaluations of companies using reporting tools such as RapidRatings, and CreditRiskMonitor and collaborate with colleagues to conduct statistical evaluations, financial simulations, and due diligence; 2) Analyze and implement technical standards and knowledge to comply with IIA standards, AICPA consulting standards, state and local financial reporting requirements, and GAAP to realign and optimize companies or business areas in the IT environment (strategy, organizational structure, business processes, systems); 3) Conduct thorough risk assessments including Cybersecurity, and Business Continuity assessments on a regular basis by gathering and evaluating relevant data to provide well-informed suggestions on improvements and modifications to operations; and 4) Improve risk reporting protocols by creating an automated, real-time dashboard using Tableau that provides executives with actionable insights, ultimately improving decision-making accuracy. Up to 40% telecommuting permitted.
Salary
$103,500-$118,700
Apply:
OCC offers a standard benefits package. See a full list of benefits here: https://www.theocc.com/careers/thriving-together. Apply online at www.theocc.com. No calls. EOE.
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
Incentive Range
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
What We Do
As the foundation for secure markets, OCC is a customer-driven organization that delivers world-class Risk Management, Clearing, and Settlement Services for a sophisticated mix of financial products that includes standard options, stock loans, and futures contracts.
Why Work With Us
We're bound together by values and behaviors that shape the way we work and live, from team projects to after-hours events and to making a difference in our communities. OCC colleagues thrive in an atmosphere of intellectual curiosity, creative problem-solving and effective interaction.
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OCC Teams
OCC Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
A hybrid work environment, up to 2 days per week of remote work
