Senior Associate, Operational Risk Management, IT and Security

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

Generous PTO and Parental leave

401k Employer Match

Medical, dental and vision benefits

Job summary

OCC in Chicago seeks a cybersecurity and IT risk professional to join the Corporate Risk team. You will support risk assessments across IT and Security, collaborate with IT, Security, Legal, Compliance, and Internal Audit, and help strengthen risk governance aligned with OCC strategy.

The role demands strong knowledge of IT risk, cybersecurity, and regulatory expectations, with opportunities to shape risk identification, reporting, and data analytics using tools like Archer, Tableau, and SQL.

Qualifications

• Bachelor’s degree in Information Systems, Computer Science, Cybersecurity or equivalent.
• 3+ years in enterprise risk, cybersecurity, IT audit, or security risk.
• Experience with IT and Security risk assessment processes and regulatory expectations.

Responsibilities

• Collaborate with IT, Security, Legal, Compliance, and Internal Audit on risk identification.
• Lead IT/Security risk assessment processes and verify framework alignment (NIST/COBIT/ISO).
• Maintain risk inventories, taxonomies, and related governance artifacts.
• Generate Archer data reports for regulators and stakeholders.
• Drive automation of IT & Security risk oversight using data analytics.
• Communicate results to governance committees and business owners.

Skills

IT risk management

Cybersecurity

Threat & vulnerability mgmt

Disaster recovery

Database management

Network engineering

Mainframe technologies

Threat modeling

Data analytics

Communication skills

Education

Bachelor’s Degree in Information Systems

Cybersecurity or related field

Tools

Archer

Tableau

SQL

Microsoft Office (Word, Excel, PowerPoint, Access)

Job description

THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP.

To be considered for this position, applications and resumes are accepted only through our careers site by directly applying to the posted job. We do not accept unsolicited resumes or sales solicitations from staffing agencies. Any OCC employee wishing to submit a referral must do so through their Workday account. Any resume submitted outside of an active job posting will not be considered for employment.

What You'll Do:

This role will provide critical support to the Director of Operational Risk to evaluate IT and Security risks by assisting with risk assessments and applying aspects of the risk management framework across the process, risk, and control universe. Additionally, this role will help with the risk assessment program activities, coordinate with other functions (e.g. IT, Security, TPRM, Legal, Compliance, and Internal Audit) and facilitate appropriate Corporate Risk governance to ensure alignment to OCC strategy and short-term objectives.

Primary Duties and Responsibilities:

• Collaborate with IT, Security, TPRM, Legal, Compliance, and Internal Audit to ensure that Corporate Risk contributes to strengthening the overall effective management of IT and Security risk across the organization.
• Lead OCC’s risk identification and assessment process for IT/Security risks and verify the consistency and reliability of the associated technology frameworks (e.g., NIST, COBIT, ISO) and systems supporting clearing and settlement activities.
• Drive adherence to methodologies, guidance, and standards applicable to risk identification and assessment frameworks.
• Maintain risk inventories, taxonomies, and other elements supporting IT/Security risk management and compliance activities.
• Lead and execute the IT and Security risk assessment process, while aligning to the risk and control universe, and regulatory requirements and expectations.
• Generate reports of Archer data for various stakeholders, including regulators.
• Help automate IT & Security risk oversight through use of data analytics processes.
• Communicate results of risk assessments to governance committees, business owners, and various levels of leadership.
• Collaborate on the enhancement and maintenance of Corporate Risk program methodologies, policies, procedures, and job aides, including the development of new program activities.
• Track and update ORMC team internal findings, external exam issues, and business area self-identified issues resulting from Enterprise Risk Assessment.

Supervisory Responsibilities:

None

Qualifications:

• [Required] Advanced understanding of IT risk and Security risk, specifically relating to cybersecurity (e.g., blue team, red team, threat & vulnerability management), disaster recovery, database management, network engineering, storage management, software development, and mainframe technologies.
• Intermediate understanding of Operational risk.
• [Required] Familiarity with the evolving cybersecurity landscape impacting central clearing counterparties (CCPs).
• [Required] Ability to act as a trusted advisor and provide effective challenge.
• [Required] Creative, independent thinker, with a willingness to develop and drive new ideas.
• [Required] Excellent written, verbal and presentation skills.
• [Required] Must be team-oriented and be able to collaborate effectively in department and cross-departmental efforts.
• [Required] Ability to work under pressure and with tight deadlines.
• [Preferred] Familiarity with Financial Market Utilities; securities and derivatives markets.
• [Preferred] Ability to work in a highly regulated environment, including with the SEC, CFTC, and Federal Reserve; Familiarity with the Covered Clearing Agency regulations.
• [Preferred] Understanding of cloud technologies, including experience supporting migration to a cloud platform.
• [Preferred] Understanding of tools supporting capacity management, network architecture, threat assessment, code review, and software development.

Technical Skills:

• [Required] Proficient in Microsoft Word, Excel, Access, and PowerPoint.
• [Required] Experience with eGRC systems (e.g., Archer).
• [Required] Experience with data analytic techniques and tools (e.g., Tableau, SQL).

Education and/or Experience:

• [Required] Bachelor’s Degree in Information Systems, Computer Science, Cybersecurity (or equivalent) preferred.
• [Required] 3+ years of experience in enterprise risk, cybersecurity, IT audit, technology risk, security risk, or risk consultancy, specifically with focus on assessing IT and Security risk.
• [Preferred] Consulting experience.

Certificates or Licenses:

• [Preferred] Certification such as: CISSP, Security+, CSX-P, CET, CISA or CISM.

About Us

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.

Benefits

A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness.

Some of these components include:

• A hybrid work environment, up to 2 days per week of remote work
• Tuition Reimbursement to support your continued education
• Student Loan Repayment Assistance
• Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
• Generous PTO and Parental leave
• 401k Employer Match
• Competitive health benefits including medical, dental and vision
• Visit https://www.theocc.com/careers/thriving-together for more information.

Compensation

Salary Range $98,100.00 - $142,050.00

Incentive Range 8% to 15%

This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range). The amount of such award, if any, will be based on various factors, including without limitation, both individual and company performance.

Equal Opportunity Employer

OCC is an equal opportunity employer that is committed to diversity, equity, and inclusion. OCC provides equal employment opportunities to all employees and applicants for employment without regard to race, color, national origin, citizenship status, sex, sexual orientation, gender identity or expression, disability, age, marital status, religion, veteran status, or any other characteristics protected by applicable federal, state, or local laws. Numerous studies have shown that people from certain groups are less likely than others to apply to jobs if they believe they do not meet 100% of the requirements. We encourage everyone to review our open positions and apply if you think your experience may be a match, even if you do not meet all of the qualifications. Your perspective may be an element we need to continue building innovative solutions to support the markets and market participants we serve.