Principal, Internal Audit, Financial Risk and Modeling

Summary

This role will provide subject matter expertise and strong execution skills to the Internal Audit, Financial Risk and Modeling Audit Team, executing multiple concurrent projects such as model risk assessments, model validation monitoring, and detailed model testing supporting internal audits and validations.

The Principal will :

• Support the implementation of strategic plans and advise on the Internal Audit procedures and guidelines.
• Assess and opine on OCC’s implementation and maintenance of its financial risk management framework, confirming alignment with organizational objectives and regulatory requirements.
• Coordinate the risk assessment activities with the Quantitative Risk Management (first-line) and Model Risk Management (second-line) teams.
• Develop and execute assessments related to OCC’s Prefunded Resources (e.g., margin requirements, clearing fund contributions, stress testing of resource sufficiency, and liquidity risk monitoring).Provide technical expertise and guidance to the IA team in executing their responsibilities.Confirm proper scope and resource allocation to deliver on schedule.Leverage advanced mathematical and statistical modeling and analysis techniques to assess model design and performance (e.g., model methodologies, assumptions, parameter calibration, input data quality, and model outputs).Maintain the Internal Audit quality standards across all deliverables and collaborate with stakeholders to ensure that financial and operational risks are effectively identified, assessed, and managed.

Responsibilities

Responsibilities will be aligned, but not limited, to four pillars :

Department Oversight

Leadership

Delivery

Quality

Supervisory Responsibilities

Qualifications

Technical Skills

Education and / or Experience

Certificates or Licenses

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 highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include :

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Compensation

Salary Range

$178,000.00 - $284,100.00

Incentive Range

23% to 30%

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.

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