Hybrid QRM Lead: Risk Modeling & Stress Testing

The Options Clearing Corporation; Chicago (IL); Hybrid; USD 128,800 - 230,200; 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

Competitive health benefits

Job summary

The Options Clearing Corporation is seeking a Lead Associate Principal in Chicago, Illinois. This role involves developing and maintaining quantitative risk models for margin and stress testing. Responsibilities include model implementation and performance testing, collaborating with analysts and technology staff, and ensuring compliance with industry practices.

The ideal candidate will have a Master's degree, strong analytical skills, and experience in financial products. A hybrid work environment and competitive salary range of $128,800 to $230,200 are offered.

Qualifications

• Master's degree or equivalent in a quantitative field.
• 3+ years of experience in quantitative finance or model implementation.
• Strong understanding of financial mathematics, statistics, and probability.

Responsibilities

• Develop models for pricing and risk management of financial products.
• Implement and maintain model prototypes and libraries.
• Conduct model performance testing and validation.

Skills

Financial mathematics

Econometrics

Numerical methods and optimization

Risk management methods

Financial products knowledge

Basic programming skills

Problem-solving skills

Model methodologies challenge

Technical documentation experience

Team player

Education

Master's degree in a quantitative field

Tools

SQL

Python

R

MATLAB

PowerPoint

Confluence

Word

Excel

Job description

The Options Clearing Corporation is seeking a Lead Associate Principal in Chicago, Illinois. This role involves developing and maintaining quantitative risk models for margin and stress testing. Responsibilities include model implementation and performance testing, collaborating with analysts and technology staff, and ensuring compliance with industry practices.

The ideal candidate will have a Master's degree, strong analytical skills, and experience in financial products. A hybrid work environment and competitive salary range of $128,800 to $230,200 are offered.