Lead Associate Principal, Product Owner (Financial Risk)

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:The Product Owner at the OCC will be responsible for maximizing the value of the Products delivered to our stakeholders by representing business interests, working with our technology teams to determine requirements, creating a product roadmap for development, and prioritizing the work. The Product Owner will work in a hybrid agile methodology collaborating with cross-functional teams. The Product Owner must ensure that the technology teams understand and are aligned with the Product vision and that OCC leadership is kept aware of Product progress and status.Primary Duties and Responsibilities:To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.This person will work with key stakeholders to understand current systems and capabilities and participate in recommendations to enhancements needed to be at the leading edge of risk management solutions. The projects related to those enhancements would be led by this individual to ensure successful implementation and conclusion. This person will ensure that the OCC’s processes and controls are followed and consistently improved.Stakeholder Engagement and ManagementAct as a primary point of contact for Financial Risk Management and other stakeholders regarding the product backlog and product developmentInteract with internal and external stakeholders to understand their needs and ensure that they are reflected in the product backlogElicit, Interpret, lead requirement workshops with vendors, stakeholders, and/ or product owners; assist in the development of backlog items and acceptance criteriaMaintain direct communications with senior and middle managementCoordinate preparation of materials for Management Committee, Board of Directors and Regulatory meetings as neededProduct LeadershipMaintain Product Vision and RoadmapUnderstand regulatory requirements and drivers impacting development goals and plansEvaluate product changes and recommend needed process and system changesCollaborate with cross-functional teams to define and prioritize the product backlogRefine the product backlog to ensure that it is ready for developmentSeek to optimize product delivery in the most cost-effective mannerProduct DeliveryCollaborate with technology partners and teams to drive strategic plans for OCC’s system development, integration and deploymentWork with the Project Owners/Managers, Technology Lead, and Scrum Master to ensure that the teams are following the hybrid agile methodology and that any issues are addressed in a timely mannerCollaborate with Model Risk Management and Quantitative Risk Management staff to ensure all models and methodologies are appropriately validated as part of any change management or annual validation activitiesProduct IntegrityEnsure that the product backlogs are transparent, visible, and understood by all stakeholdersEnsure there is a clear traceability of requirements to deliverablesEnsure the product complies with all non-functional requirementsComply with all product delivery controls and proceduresQuality ManagementContinuously monitor and evaluate the product backlog to ensure that it is meeting stakeholder needs and delivers valueIdentify scope gaps and missing requirements by acquiring an in-depth understanding of current state capabilities (i.e., legacy system) and future state needsProactively identifies and escalates risks and issues to the leadership teamMonitor vendor performance (where applicable) against statements of workMeet complex business needs in an efficient, flexible, and ever-improving mannerTeam LeadershipIndirectly supervise product team members matrixed from across business and internal technology teamsFoster a diverse and inclusive workplacePerform other duties as assignedLight travel may be requiredSupervisory Responsibilities:NoneQualifications:The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the primary functions.Previous experience as a Product Owner in a hybrid agile methodology is requiredStrong understanding of Agile product management methodologies and product development processesExcellent communication, collaboration, and presentation skillsAbility to work effectively with and lead cross-functional teamsStrong analytical and problem-solving skillsDemonstrated ability to gather, analyze, and evaluate facts, and prepare and present concise oral and written reportsAbility to prioritize and manage multiple tasks and projects simultaneouslyAbility to work independently in a fast-paced, dynamic environmentMust be able to work under deadlines and manage multiple tasksSelf-directed; Ability to work both independently with minimal direction or oversight in a team-oriented, collaborative environmentExperience working in the financial services industry with deep understanding of Options and Derivatives marketsSolid understanding of Risk and P&L attribution; Margins processing; Referential Data; Market Data; TimeseriesStrong knowledge in multiple asset classes (equities, interest rates, volatility, commodities, foreign currencies, etc.)Experience with central counterparty clearing & settlement of derivatives and regulated capital markets infrastructureWillingness to roll up your sleeves and do whatever is necessaryTechnical Skills:Proficiency using Jira, Confluence, Tableau and Microsoft Office applications.Strong data analysis skills using SQL and MS-Excel, coupled with familiarity in Data Modeling conceptsAbility to work closely with Quantitative Finance, Engineering (Software, Data, Quality, Platform), UX/UI teamsStrong in tech parlance to decompose complex Product requirements to Development teamNice-to-have: Familiarity with programming, APIs, Systems Integration, Atomic UC4 skillsEducation and/or Experience:Bachelor’s degree (or equivalent) in relevant fields including Accounting, Finance, Computer Science, Management Information Systems, Engineering among othersMBA, MS or equivalent graduate degree in a relevant field preferred10+ years of financial risk management experience leading teams and building robust business processes2+ years of product management experience, preferably with Risk Management products and capabilitiesDemonstrated experience with ensuring effective process change management7+ year experience in financial services / regulated capital markets infrastructure. Experience with an exchange, regulator or clearing house preferredCertificates or Licenses:None RequiredAbout UsThe 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 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 workTuition Reimbursement to support your continued educationStudent Loan Repayment AssistanceTechnology Stipend allowing you to use the device of your choice to connect to our network while working remotelyGenerous PTO and Parental leave 401k Employer MatchCompetitive health benefits including medical, dental and visionVisit for more information.CompensationThe 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$129,800.00 - $184,500.00Incentive Range8% to 15%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 1When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume. Step 2You will receive an email notification to confirm that we've received your application.Step 3If 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 EmployerSummaryLocation: Chicago - 125 S FranklinType: Full time