Associate, Collateral Services

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

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

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 audits requests. Assist in the writing and reviewing of OCC policies and procedures. Provide training and leadership to Collateral Services staff members.

Primary Duties and Responsibilities:

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 and enriching 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

Supervisory Responsibilities:

• N/A

Qualifications:

The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.

• 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.

Technical Skills:

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

Education and/or Experience:

• 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.

Certificates or Licenses:

• None

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

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 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
• 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

$58,500.00 - $78,200.00

Incentive Range

6% to 10%

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 andattach 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