Director of Quantitative Risk Management — Remote/Hybrid

Socket.dev; Chicago (IL); On-site; USD 177,000 - 233,000; Full time

Benefits offered by this job

Hybrid work environment

Tuition Reimbursement

Student Loan Repayment Assistance

Technology Stipend

Generous PTO and Parental leave

401k Employer Match

Health benefits

Job summary

The Options Clearing Corporation (OCC) is the world’s largest equity derivatives clearing organization. Located in Chicago, this Director-level role focuses on leading quantitative risk management modeling across margin, clearing fund and stress testing initiatives.

Candidates should hold a Master’s degree and possess six or more years of experience in quantitative risk management, with a strong emphasis on Python and SQL for model development and validation. Up to 40% telecommuting is permitted.

Qualifications

• Master’s degree in finance, financial engineering, financial mathematics, or related field.
• Six years of experience in quantitative risk management or related roles.
• Strong background in model development, validation, and backtesting.

Responsibilities

• Direct development and maintenance of margin, clearing fund and stress testing models.
• Develop Python prototypes for volatility surfaces across maturities and strikes.
• Lead model validation responses and regulatory findings remediation.

Skills

Volatility modeling

Python

SQL

Education

Master’s degree in finance/financial engineering

Tools

Python

SQL

Job description

The Options Clearing Corporation (OCC) is the world’s largest equity derivatives clearing organization. Located in Chicago, this Director-level role focuses on leading quantitative risk management modeling across margin, clearing fund and stress testing initiatives.

Candidates should hold a Master’s degree and possess six or more years of experience in quantitative risk management, with a strong emphasis on Python and SQL for model development and validation. Up to 40% telecommuting is permitted.