Senior Associate, Operational Risk & Controls

The Options Clearing Corporation (OCC); Chicago (IL); Hybrid; USD 98,000 - 142,000; 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

Comprehensive health benefits

Job summary

The Options Clearing Corporation (OCC) is seeking a qualified risk professional to join the Operational Risk Management and Controls (ORMC) department. You will collaborate with Compliance, eGRC, and Internal Audit to strengthen risk management and assist with risk identification and assessment using Archer data.

Ideal candidates have 1–3 years in enterprise risk or related fields, a strong understanding of operational risk, and excellent communication skills to present findings to governance

Qualifications

• Basic understanding of Operational risk and related domains.
• Ability to act as a trusted advisor and provide effective challenge.
• Creative, independent thinker capable of developing new ideas.
• Excellent written, verbal and presentation skills.
• Team-oriented with cross-department collaboration.
• Ability to meet tight deadlines under pressure.
• Familiarity with Financial Market Utilities; securities and derivatives markets a plus.
• Experience in enterprise risk, operational risk management or risk consultancy (1–3 years).
• Technical or Security certification preferred.

Responsibilities

• Collaborate with Compliance, eGRC, and Internal Audit to enhance risk management across the organization.
• Assist with OCC’s risk identification and assessment processes and verify framework consistency.
• Adhere to methodologies, guidance, and standards for risk identification and assessment frameworks.
• Maintain risk inventories, taxonomies, and related elements supporting risk identification and assessment.
• Help execute risk assessment processes aligned to the risk and control universe and regulatory requirements and expectations.
• Generate reports of Archer data for various stakeholders, including regulators.
• Communicate results of risk assessments to governance committees, business owners and leadership.
• Collaborate on the enhancement and maintenance of ORMC program methodologies, policies, procedures, and job aides.
• Track and update ORMC team internal findings, external exam issues, and business area self-identified issues.

Skills

Operational risk knowledge

Advisory skills

Communication skills

Team collaboration

Ability to work under pressure

Regulatory familiarity

Risk assessment experience

Education

Bachelor’s Degree in Finance, Accounting, Economics (or equivalent)

Tools

Archer eGRC

MS Office (Excel/PowerPoint/Word)

Job description

The Options Clearing Corporation (OCC) is seeking a qualified risk professional to join the Operational Risk Management and Controls (ORMC) department. You will collaborate with Compliance, eGRC, and Internal Audit to strengthen risk management and assist with risk identification and assessment using Archer data.

Ideal candidates have 1–3 years in enterprise risk or related fields, a strong understanding of operational risk, and excellent communication skills to present findings to governance