Principal: Stress Testing & Liquidity Risk Lead

NBMBAA; Dallas (TX); Hybrid; USD 188,000 - 260,000; Full time

Benefits offered by this job

Hybrid work environment

Tuition Reimbursement

Student Loan Repayment Assistance

Technology stipend

Parental leave

401k Employer Match

Health benefits

Job summary

The Options Clearing Corporation (OCC) is seeking a Principal in the Stress Testing Group in Dallas to lead risk management efforts and mentor junior staff. You will support IT in building a new stress testing system and enhance current capabilities, while aiding regulatory filings and reporting to senior management.

You will collaborate with product teams, risk management, and regulators to translate complex risk concepts into actionable insights.

Qualifications

• Thorough understanding of financial derivatives, specifically options and futures.
• Experience with central counter-party clearing, settlement of derivatives, financial risk management and regulated capital markets infrastructure.
• Understanding of market/credit/liquidity risk management and corresponding mitigation factors.
• Knowledge of SEC and CFTC Rules and Regulations.
• Ability to interact with all levels of management both internally and externally.
• Must possess excellent verbal and written communication skills.
• Self-directed; ability to work independently or in a team
• Good organization skills; detail oriented and deadlines
• Ability to prepare clear and concise reports in a timely fashion
• Willingness to travel

Responsibilities

• Analyze market and stress test risk exposures for OCC products and accounts.
• Develop business requirements for stress testing functionality.
• Collaborate with Quant Risk Management on model enhancements.
• Develop tools for position and exposure reporting from large data sets.
• Report stress test results to monitor counterparty risk.
• Interface with regulators and auditors on inquiries and examinations.
• Mentor junior staff on the team.

Skills

Derivatives risk knowledge

Regulatory communication

SQL

Python

Risk management

Mentoring

Project management

Data analysis

Travel willingness

Education

Bachelor's degree

Graduate degree preferred

Tools

SQL

Python

R

Matlab

Tableau

Alteryx

Jira

Job description

The Options Clearing Corporation (OCC) is seeking a Principal in the Stress Testing Group in Dallas to lead risk management efforts and mentor junior staff. You will support IT in building a new stress testing system and enhance current capabilities, while aiding regulatory filings and reporting to senior management.

You will collaborate with product teams, risk management, and regulators to translate complex risk concepts into actionable insights.