Associate, Collateral Services

What You'll Do

Perform accurate transaction processing and activity monitoring in the areas of collateral, settlement and stock loan in accordance with OCC rules, policies and procedures. Interact with clearing members, banks and exchanges daily to help optimize the processing of collateral, settlement, and stock loan. Perform audits related to department functions and assist management in responding to internal and external audit requests. Assist in the writing and reviewing of OCC policies and procedures.

Provide training and leadership to Collateral Services staff members.

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

• Accurately monitor and process collateral, settlement, and stock loan activity using OCC’s proprietary systems (such as Encore), multiple external bank systems, and other depository systems.
• Analyze collateral, settlement, and stock loan data by utilizing internal and external systems; present results in a professional manner to management and external parties.
• Interact daily with internal and external participants (including but not limited to co-workers, departments, clearing members, banks, and exchanges) by responding to inquiries and problems.
• Review applicable rules, agreements, policies and procedures and perform scheduled audits to ensure the integrity of collateral.
• Assist in the development and maintenance of OCC policies, Collateral Services procedures and training guides by writing, updating, and reviewing them.
• Adhere to OCC’s policies, procedures, and rules.
• Assist in various ad‑hoc and corporate projects as assigned by management.
• Other duties as assigned.

N/A

• Excellent oral and written communication skills.
• Excellent customer service skills.
• Ability to solve problems.
• Ability to multitask in a dynamic environment.
• Ability to interact in a professional manner with internal and external participants (including but not limited to co-workers, management, clearing members, banks, and exchanges).
• Ability to cover various shifts and work overtime, including weekends if conditions warrant.

• Working knowledge of Microsoft Word, PowerPoint, and Excel (managing data, formulas, pivot tables, macros and lookup functions).

• Bachelor’s degree in Accounting, Finance, or a related discipline or an equivalent combination of education and/or experience.
• 1 – 3 years of related work experience preferred.

• None.

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 counter party (CCP) clearing and settlement services to 19 exchanges and trading platforms.

• A hybrid work environment, up to 2 days per week of remote work.
• Tuition reimbursement to support continued education.
• Student loan repayment assistance.
• Technology stipend allowing use of the device of your choice to connect to the network while working remotely.
• Generous PTO and parental leave.
• 401(k) employer match.
• Competitive health benefits including medical, dental and vision.

• 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, OCC considers internal equity of current team members as part of any final offer.
• 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.

$58,500.00 - $78,200.00

6% to 10% (annual discretionary incentive compensation award; target range included).

OCC is an Equal Opportunity Employer.