The Options Clearing Corporation (OCC)
Manager, Quantitative Risk Management
The Options Clearing Corporation (OCC), Chicago, Illinois, United States, 60290
Overview
Join to apply for the
Manager, Quantitative Risk Management
role at
The Options Clearing Corporation (OCC) 2 weeks ago Be among the first 25 applicants Note:
This description consolidates the core responsibilities, qualifications, and information about OCC as provided in the original posting. Responsibilities
Lead and support a team of quantitative analysts and developers to develop, implement and maintain risk models for margin, clearing fund and stress testing: model analytics and performance monitoring; model prototyping and testing; and model implementation. Collaborate with cross-functional teams including risk managers in Financial Risk Management, Information Technology, Model Validation and Compliance. Lead, support and review development of models for pricing, margin risk and stress testing of financial products and derivatives. Create, design and code algorithmic models on futures, options and other financial products for back testing and stress testing in R and Python. Apply advanced mathematical and statistical models (e.g., Copula, extreme value theory and Black-Scholes) in developing risk models and risk management systems. Enhance code using SQL to fetch data from different databases (R, Python, Squirrel SQL Client and Microsoft SQL Server). Design and implement model performance monitoring metrics and automate the monitoring process using R and Python. Provide training to the team in conducting comprehensive quality assurance testing on the model library and models. Write and review documentation (whitepapers and technical documentation) for models, prototypes and implementation; participate in peer review and production support. Provide production support and assist in troubleshooting and analysis of model, system and data issues. Provide quantitative analysis and support to risk managers on pricing, margin, and risk calculations. Assist in preparing materials for the Risk Committee and model filings with regulators. Manage a team of financial engineers/model developers. Up to 40% telecommuting permitted. Education & Experience Required
Master’s degree in computer science, finance, financial engineering, or financial mathematics and five (5) years of experience as a quantitative analyst, associate principal (QRM), or related Special Skills Required
Must have work experience with each of the following: 1) leveraging R and Python to create, design, and code algorithmic models on futures, options and other financial products for back testing and stress testing purposes as well as to design and implement model performance monitoring metrics and automate the monitoring process; 2) applying advanced mathematical and statistical models using Copula, extreme value theory and Black-Scholes in developing risk models and risk management systems; and 3) enhancing code using SQL to fetch data from different databases via R, Python, Squirrel SQL Client and Microsoft SQL Server. Salary
$171,300-$219,100 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. Benefits
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 Compensation
The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. Your final base salary compensation will be determined by factors such as skills, experience and/or education. We 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 to allow for future salary growth. A substantial benefits package is provided as noted on www.theocc.com/careers. All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors and are not guaranteed. 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
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Join to apply for the
Manager, Quantitative Risk Management
role at
The Options Clearing Corporation (OCC) 2 weeks ago Be among the first 25 applicants Note:
This description consolidates the core responsibilities, qualifications, and information about OCC as provided in the original posting. Responsibilities
Lead and support a team of quantitative analysts and developers to develop, implement and maintain risk models for margin, clearing fund and stress testing: model analytics and performance monitoring; model prototyping and testing; and model implementation. Collaborate with cross-functional teams including risk managers in Financial Risk Management, Information Technology, Model Validation and Compliance. Lead, support and review development of models for pricing, margin risk and stress testing of financial products and derivatives. Create, design and code algorithmic models on futures, options and other financial products for back testing and stress testing in R and Python. Apply advanced mathematical and statistical models (e.g., Copula, extreme value theory and Black-Scholes) in developing risk models and risk management systems. Enhance code using SQL to fetch data from different databases (R, Python, Squirrel SQL Client and Microsoft SQL Server). Design and implement model performance monitoring metrics and automate the monitoring process using R and Python. Provide training to the team in conducting comprehensive quality assurance testing on the model library and models. Write and review documentation (whitepapers and technical documentation) for models, prototypes and implementation; participate in peer review and production support. Provide production support and assist in troubleshooting and analysis of model, system and data issues. Provide quantitative analysis and support to risk managers on pricing, margin, and risk calculations. Assist in preparing materials for the Risk Committee and model filings with regulators. Manage a team of financial engineers/model developers. Up to 40% telecommuting permitted. Education & Experience Required
Master’s degree in computer science, finance, financial engineering, or financial mathematics and five (5) years of experience as a quantitative analyst, associate principal (QRM), or related Special Skills Required
Must have work experience with each of the following: 1) leveraging R and Python to create, design, and code algorithmic models on futures, options and other financial products for back testing and stress testing purposes as well as to design and implement model performance monitoring metrics and automate the monitoring process; 2) applying advanced mathematical and statistical models using Copula, extreme value theory and Black-Scholes in developing risk models and risk management systems; and 3) enhancing code using SQL to fetch data from different databases via R, Python, Squirrel SQL Client and Microsoft SQL Server. Salary
$171,300-$219,100 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. Benefits
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 Compensation
The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. Your final base salary compensation will be determined by factors such as skills, experience and/or education. We 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 to allow for future salary growth. A substantial benefits package is provided as noted on www.theocc.com/careers. All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors and are not guaranteed. 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
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