Associate Principal, Credit Risk Management Projects & Reporting

To be considered for this position, applications and resumes are accepted only through our careers site by directly applying to the posted job. We do not accept unsolicited resumes or sales solicitations from staffing agencies. Any OCC employee wishing to submit a referral must do so through their Workday account. Any resume submitted outside of an active job posting will not be considered for employment.

What You'll Do:

As a member of OCC’s Credit Risk Management team, you will help safeguard OCC from counter parties who exhibit elevated credit risks. Associate Principals are responsible, identifying, developing, measuring, monitoring, reporting, and enhancing processes that monitor thresholds and trends of various risks and exposures introduced to OCC by clearing members, banks, and other critical counter parties. Associate Principals utilize a strong technical and analytical skillset to assist Credit Department with its projects and reporting.

Maintain a general 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 independently develop technology solutions for the department.

Primary Duties and Responsibilities:

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

• Support CORE team with analysis of ongoing creditworthiness of counter parties and escalate issues requiring enhanced surveillance to department management and internal working groups so appropriate actions can be taken.
• Support CORE team with analytical solutions to assist with financial statement analysis, including identifying levels and trends in key metrics and ratios.
• Collaborate with IT and other internal teams to design and implement advanced scalable data analytics solutions to identify and analyze causal links and meaningful relationships (e.g., correlations, distributions, percentiles). Includes centralizing data from multiple sources to automated front end visual reporting/dashboards.
• Work closely with department management on projects, cross-department collaboration, and mentoring of colleagues. As appropriate, lead high priority department projects with minimal oversight by department management.
• Support CORE team with critical, time-sensitive, and/or complex counter party inquiries requiring data collection or analysis.
• Support system, data, and risk methodology development, review data and risk methodologies during annual reviews, identify underlying methodology assumptions with a comprehensive set of special cases, guide methodologies through full lifecycle events, and evaluate different possible approaches/enhancements
• Develop, maintain, enhance, and adhere to written policies and procedures
• Participate in and 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

• None

• Demonstrated analytical and problem-solving skills and the ability to work in a collaborative environment
• Familiarity with financial statements, brokerage statements, and accounting records
• 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
• Track record of independently managing and successfully completing high visibility projects
• Excellent organization skills – must be detail oriented
• Strong verbal and written communication skills, with proven ability to work and converse with…