Associate Principal, Model Risk Architect (Hybrid)

The Options Clearing Corporation (OCC); Chicago (IL); Hybrid; USD 111,000 - 156,000; Full time

Benefits offered by this job

Hybrid work environment (up to 2 days/

Tuition Reimbursement

Student Loan Repayment Assistance

Technology Stipend

PTO and Parental leave

401k Employer Match

Competitive health benefits

Job summary

The Options Clearing Corporation (OCC) is seeking a Model Risk Management professional to analyze risk across pricing, margin, and liquidity models. You will collaborate with CRO teams, perform backtesting using historical data, and design benchmark models with validation documentation.

Responsibilities include model performance testing, QA of the model library, and supporting new product launches with quantitative risk insights. Up to 40% telecommuting permitted.

Qualifications

• Master’s degree in finance, financial engineering, financial mathematics, or related
• Two years of experience in model risk management, quantitative risk analysis, or related
• Experience with validation, backtesting, and risk metrics using modern tools

Responsibilities

• Analyze model risk across pricing, margin, liquidity and stress testing.
• Collaborate with CRO, data & technology, and other risk teams.
• Design benchmark models and testing tools including backtesting with historical data.
• Write validation documentation and perform QA of the model library.
• Support new product launches with quantitative risk analysis and reporting.

Skills

Quant Modeling

Risk Analysis

Backtesting

R & SQL

Education

Master’s degree in finance/financial engineering

Tools

RStudio

SQuirrel SQL Client

Job description

The Options Clearing Corporation (OCC) is seeking a Model Risk Management professional to analyze risk across pricing, margin, and liquidity models. You will collaborate with CRO teams, perform backtesting using historical data, and design benchmark models with validation documentation.

Responsibilities include model performance testing, QA of the model library, and supporting new product launches with quantitative risk insights. Up to 40% telecommuting permitted.