Hybrid Third-Party Risk Associate

The Options Clearing Corporation; Chicago (IL); Hybrid; USD 78,000 - 105,000; Full time

Benefits offered by this job

Hybrid work environment

Tuition Reimbursement

Student Loan Repayment Assistance

Technology Stipend

PTO and Parental leave

401k Employer Match

Health benefits

Job summary

The Options Clearing Corporation (OCC) is seeking a Senior Associate to support TPRM efforts across multiple lines of business, assessing third party engagements and overseeing onboarding, monitoring, and offboarding processes.

Responsibilities include coordinating with stakeholders, conducting risk analyses, and leading special projects while maintaining regulatory and compliance awareness. A strong background in risk management and communication is required.

Qualifications

• Ability to anticipate, draw conclusions, and adapt to changing needs and demands.
• Prior Third Party Risk Management, Audit or Enterprise Risk Management experience
• Excellent verbal, written and interpersonal communication skills, including the ability to communicate effectively with all levels of staff and management
• Strong analytical skills, problem solving, strategic thinking and reasoning abilities
• A high degree of integrity, professionalism, and capacity to excel in a cohesive team environment
• Ability to work independently on projects with little oversight or as part of a team
• Detail oriented with the ability to multitask and quickly adapt to changing assignments

Responsibilities

• Coordinate with key stakeholders across multiple departments to initiate, scope and conduct Third Party risk assessments of new and existing Third Party engagements (Vendors, FMU’s, Exchanges, Clearing Members, Banks & other third parties)
• Conduct risk‑based analysis, such as communication of identified risks to key stakeholders, organizing remediation action plans, and track and monitor identified Third Party risks to closure
• Oversee on‑boarding, monitoring and off‑boarding of Third Party services
• Establish and maintain partnerships with internal and external stakeholders to ensure effective collaboration to identify, measure and manage Third Party risks and controls
• Coordinate with both internal and external stakeholders and respond to Third Party requests related to OCC operations from Clearing Members, Banks, and other OCC Third Parties
• Maintain an up‑to‑date understanding of emerging financial, operational, Third Party and regulatory/compliance related information to contribute to the continuous improvement of the Third Party risk management program
• Assist with regulatory and audit requests
• Lead special projects as assigned

Skills

TPRM experience

Communication

Analytical thinking

Problem solving

Team collaboration

Independence

Attention to detail

Education

Bachelor’s Degree (or equivalent)

Master’s Degree (preferred)

Tools

Microsoft Word

Excel

Access

PowerPoint

Job description

The Options Clearing Corporation (OCC) is seeking a Senior Associate to support TPRM efforts across multiple lines of business, assessing third party engagements and overseeing onboarding, monitoring, and offboarding processes.

Responsibilities include coordinating with stakeholders, conducting risk analyses, and leading special projects while maintaining regulatory and compliance awareness. A strong background in risk management and communication is required.