Director, Quantitative Risk & Model Innovation

The Options Clearing Corporation; Chicago (IL); Hybrid; USD 177,000 - 233,000; 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

Health benefits

Job summary

The Options Clearing Corporation (OCC) seeks a Director of Quantitative Risk Management to direct the development, testing, and maintenance of risk models for margin, clearing fund, and stress testing in Chicago. You will lead enhancements using Python and SQL, address regulatory findings, and work with IT, Model Validation and Compliance.

Up to 40% telecommuting is permitted. Competitive salary across a broad range, a hybrid work environment, and a collaborative team culture support ongoing

Qualifications

• Master's degree in finance, financial engineering, financial mathematics, or related field.
• Six years of experience as a quantitative risk management analyst/principal or related role.
• Strong Python and SQL experience.

Responsibilities

• Direct development and implementation of models for margin, clearing fund and stress testing.
• Lead quantitative risk model enhancements and backtesting analyses.
• Coordinate with IT, Model Validation and Compliance on model validation and regulatory findings.
• Lead a team of financial engineers and model developers, reviewing model pricing, margin risk, and stress testing of derivatives.

Skills

Python programming

Quantitative risk management

Model validation

Education

Master's degree in finance/financial engineering/financial mathematics

Tools

SQL

Job description

The Options Clearing Corporation (OCC) seeks a Director of Quantitative Risk Management to direct the development, testing, and maintenance of risk models for margin, clearing fund, and stress testing in Chicago. You will lead enhancements using Python and SQL, address regulatory findings, and work with IT, Model Validation and Compliance.

Up to 40% telecommuting is permitted. Competitive salary across a broad range, a hybrid work environment, and a collaborative team culture support ongoing