Lead Associate Principal, Market Risk

Lead Associate Principal, Market Risk

The Lead Associate Principal in the Market Risk team will perform a broad array of risk management activities to support the OCC's clearing and settlement services. Risk Management activities include monitoring Clearing Member accounts for excessive risk while building technical solutions for related reporting and tooling. The Lead Associate Principal will assist team leaders as a resource in problem solving, guiding department and corporate projects, as well as proposing new controls and process improvements. The Lead Associate Principal will also develop materials for presentation to OCC leaders, the Management Committee, regulators and auditors. The role requires independent judgment, a desire to appropriately challenge the status quo and the ability to develop technical solutions via Python and similar technologies.

Primary Duties and Responsibilities:

• Analyze market risk exposures for all products and accounts cleared by the OCC including equities, futures, index and equity options, options on futures and government securities.
• Monitor clearing members' trading positions and collateral for sensitivities to various risk factors using the OCC's market risk methodologies including Monte Carlo and Stress Testing.
• Develop tools and reports in Python using large data sets to assist in the preparation of position and financial risk analysis and reporting.
• Assist the Market Risk Team with proposing, developing and specifying requirements for a best-in-class intraday market risk system along with a suite of proprietary technological tools.
• Monitor current financial market conditions including corporate earnings and key economic announcements to assess the potential impact to Clearing Member portfolios.
• Work collaboratively with other functions at the OCC including the Quantitative Risk Management team and various IT teams.
• Support responses to clearing member inquiries regarding the OCC's various market risk methodologies and the related policies and procedures.
• Assist in the creation of new or enhancing existing policies and procedures as needed for regulatory inquiries, audits and examinations.
• Conduct miscellaneous studies and analysis for senior management.

Supervisory Responsibilities:

• None

Qualifications:

• Proficient understanding of statistical concepts, derivatives pricing, securities markets and options trading strategies.
• Strong interpersonal, organizational, problem-solving, and time-management skills.
• Ability to work independently in a fast-paced, dynamic environment.
• Must be able to work under deadlines and manage multiple initiatives and tasks.

Technical Skills:

• Proficient with Python and data management tools (SQL, Trino, or AWS)
• Experience with Confluence and JIRA preferred
• Experience with Microsoft Office Suite (Word, Excel, and PowerPoint).
• Experience with Bloomberg API preferred.

Education and/or Experience:

• Bachelor's degree in Finance, Economics, Risk Management or related field.
• Five or more years of experience in capital markets, back-office operations or risk management.
• MBA or MS degree preferred, including progress towards an advanced degree.

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

Salary Range: $151,400.00 - $212,200.00

Incentive Range: 8% to 15%