Associate Principal, Quantitative Risk—Lead Analytics

The Options Clearing Corporation; Chicago (IL); Hybrid; USD 111,000 - 200,000; Full time

Benefits offered by this job

Hybrid work (up to 2 days remote)

Tuition reimbursement

Student loan repayment assistance

Technology stipend

Generous PTO and parental leave

401k employer match

Medical, dental, and vision benefits

Job summary

The Options Clearing Corporation in Chicago seeks an Associate Principal in Quantitative Risk Management to develop and maintain model performance monitoring and analytics tooling. You will collaborate with data scientists, business users, and IT to implement new analytics and enhance existing tools.

The role emphasizes Python-based data processing, SQL query optimization, and documentation of metrics, with exposure to statistics, econometrics, and ML concepts.

Qualifications

• Master’s degree in a quantitative field such as data analytics or financial engineering.
• 2 years of data analytics experience required.
• Strong programming skills with Python in a collaborative setting.
• Experience with SQL and code repositories (Git).
• Ability to read, write and optimize analytical SQL queries.
• Familiarity with data orchestration tools (Airflow) is a plus.
• Knowledge of financial mathematics, econometrics, and ML concepts is desirable.

Responsibilities

• Maintain and build data models for analytics warehouse and dashboards.
• Implement and test model performance monitoring and back-testing.
• Review monitoring metrics, coding quality, and verification.
• Document model monitoring metrics, prototypes, and implementations.
• Support new product launches by enhancing monitoring capabilities.
• Develop Python scripts to automate data processing with Pandas and OOP.
• Perform visualization and exploratory analysis using advanced statistics.
• Collaborate with DBAs, Data Architecture, Security to craft solutions.

Skills

Python

SQL

Git

Airflow

Statistics

Econometrics

Machine learning

Education

Master’s degree in quantitative field

2 years data analytics experience

Tools

GitHub

Tableau

Dash

Alteryx

Job description

The Options Clearing Corporation in Chicago seeks an Associate Principal in Quantitative Risk Management to develop and maintain model performance monitoring and analytics tooling. You will collaborate with data scientists, business users, and IT to implement new analytics and enhance existing tools.

The role emphasizes Python-based data processing, SQL query optimization, and documentation of metrics, with exposure to statistics, econometrics, and ML concepts.