Associate, Financial Risk Oversight

***** THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP*****

The Associate, Financial Risk Oversight provides critical support to department leadership by monitoring OCC’s adherence to its risk tolerances, developing risk reporting, monitoring and challenging the effectiveness of OCC’s financial risk management framework, and supporting default management and recovery and wind-down oversight activities. The role will involve close collaboration across teams within the broader Corporate Risk Management function as well as other key OCC stakeholders, including Compliance and first-line Financial Risk Management.

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

• Assist the department in implementing risk management oversight activities to assess, monitor, and report on the adequacy and effectiveness of OCC’s management of financial risk
• Assist with enterprise risk assessments (ERAs) on first-line Financial Risk Management in coordination with the Operational Risk Management (ORM) team, pursuant to OCC’s enterprise-wide Risk Management Framework (RMF)
• Assist ORMC with maintenance of risk inventories, taxonomies, and other elements related to financial risk management and compliance activities
• Develop and leverage an understanding of OCC’s enterprise risk and assist business units with governance issues and concerns
• Verify, analyze, create, and monitor key performance, risk, and control indicators to support management and board-level reporting across business units
• Identify, develop, and implement tools or methods to track and monitor financial risk
• Track and communicate identified audit and exam issues as well as business area self-identified issues and findings to other Corporate Risk Management teams
• Understand OCC plans for mitigation of default and non-default losses, and assist in planning and testing of the tools that may be used during those loss events
• Understand OCC quantitative and qualitative reporting and assist in reviewing data to make sure it is accurate and consistent
• Assist with developing and maintaining department-level policies, procedures, job aids, and controls
• Support management with special projects and other duties assigned

Supervisory Responsibilities:

None

• [Required] Basic understanding of securities/derivatives markets and risk management
• [Required] Ability to think creatively and present ideas clearly
• [Required] Strong attention to detail and problem-solving skills
• [Required] Experience in designing and producing quality reports and presentations
• [Required] Strong interpersonal skills, including excellent written and oral communication skills
• [Required] Ability to interact and collaborate with all levels of the organization and across a multitude of departments
• [Required] Ability to manage tasks/projects and deadlines, as well as the ability to adapt to shifting priorities
• [Required] Ability to build broad-based business relationships across the organization
• [Required] Ability to work in a highly regulated environment, including with the SEC, CFTC, and Federal Reserve
• [Preferred] Strong analytical skills including data analytics and reporting

• [Required] Proficient in Microsoft Excel, Word, and Power Point
• [Preferred] Experience with Tableau Certifications N/A

• [Required] Bachelors degree in Risk, Finance, Economics, Engineering or equivalent
• [Preferred] 1+ years of financial services, risk management, compliance, and/or audit experience

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…