Senior Associate, Regulatory Compliance
The Options Clearing Corporation (OCC)
Get more replies from employers
Send a job-specific resume in minutes.
Benefits offered by this job
Job summary
The Options Clearing Corporation (OCC) is seeking a Regulatory Compliance professional to support the team in maintaining OCC's regulatory framework and advising on compliance matters across the organization. You will help drive remediation, update policies, and deliver compliance program improvements while interacting with multiple control functions.
This role emphasizes risk identification, monitoring, and coordination for regulatory exams, with emphasis on SEC, CFTC, and Federal Reserve
Qualifications
- Basic working knowledge of the financial industry.
- Excellent organizational and communication skills.
- Comprehensive analytical, conceptual and problem-solving skills.
- Ability to support policy and procedure management, process and control management, testing, monitoring, risk assessment, and findings management.
- Ability to manage and prioritize assignments and respond to rapidly shifting priorities.
- Ability to work independently and as a member of a team, collaborating with internal business clients at various levels of seniority.
- Must be able to work under deadlines and manage multiple tasks.
- Strategic thinker, with strong conceptual and problem-solving skills.
- Basic working knowledge of securities and commodities rules and regulations (i.e., SEC, CFTC).
- Basic working knowledge of compliance related best practices.
- Some experience in risk and control frameworks, and process improvement frameworks (e.g. COBIT, COSO, ITIL, NIST, ISO 27001, ISO 9001, CMMI).
Responsibilities
- Support a team that maintains processes (including policies and procedures), controls and tools required to provide regulatory advisory services for the business units across the organization, including financial risk management, clearing and settlement, enterprise risk management, corporate finance, information technology, security, and other general business teams
- Provide guidance to first line of defense (business units) related to effective demonstration of compliance with regulatory obligations covering their areas
- Assist business units on the development and implementation of effective remediation plans to address internal or external findings
- Assist business units with the identification, understanding, and development of processes, policies, procedures, and controls that effectively demonstrate compliance with regulatory obligations
- Assist the compliance monitoring program in support of providing frequent and highly professional reports to the CCO, executive management, and the Board of Directors
- Interact and communicate in a highly effective, professional, and insightful manner with business colleagues within the company
- Exhibit and foster a strong compliance culture across the organization
- Exhibit and foster strong collaboration across OCC's control functions (i.e., internal audit, enterprise risk management, compliance, model risk management)
- Assist in the writing of the annual compliance report, as well as other ad hoc and regularly occurring reports
- Keep abreast of changes in regulatory environment and industry best practices/frameworks
- Perform reviews of OCC's legal framework, including updating and reviewing referenced policies, procedures, and controls that evidence compliance with regulatory obligations
- Produce and deliver education on regulatory compliance topics
- Assist with remediating regulatory and Internal Audit findings, including collecting data to identify root cause of problems, identifying trends, and formulating solutions
- Assist with collection of documents and other preparation as part of the exam management process
- Perform ad-hoc duties for Compliance management as necessary
Skills
Education
Tools
Job description
THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP
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.
This role will support a team ensuring OCC demonstrates compliance with regulatory obligations. Primary responsibilities include supporting the team in maintaining OCC's legal framework, monitoring changes to internal processes that may impact the organization's regulatory compliance posture, advising business units on regulatory compliance matters, advising on and facilitating remediation of regulatory and audit findings, and reviewing company policies, procedures, and controls. This role will be responsible for identifying, recommending, supporting and driving improvements to enhance the performance, integrity, and compliance of the organization’s processes. This role supports the continued development and implementation of the compliance program, which includes driving compliance strategies, process and control development and documentation, risk identification and mitigation, and supporting regulatory exams. This role is highly focused on supporting reviews of the organization’s compliance with applicable regulatory and legal rules and requirements (i.e., SEC, CFTC, Federal Reserve, etc.).
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
- Support a team that maintains processes (including policies and procedures), controls and tools required to provide regulatory advisory services for the business units across the organization, including financial risk management, clearing and settlement, enterprise risk management, corporate finance, information technology, security, and other general business teams
- Provide guidance to first line of defense (business units) related to effective demonstration of compliance with regulatory obligations covering their areas
- Assist business units on the development and implementation of effective remediation plans to address internal or external findings
- Assist business units with the identification, understanding, and development of processes, policies, procedures, and controls that effectively demonstrate compliance with regulatory obligations
- Assist the compliance monitoring program in support of providing frequent and highly professional reports to the CCO, executive management, and the Board of Directors
- Interact and communicate in a highly effective, professional, and insightful manner with business colleagues within the company
- Exhibit and foster a strong compliance culture across the organization
- Exhibit and foster strong collaboration across OCC's control functions (i.e., internal audit, enterprise risk management, compliance, model risk management)
- Assist in the writing of the annual compliance report, as well as other ad hoc and regularly occurring reports
- Keep abreast of changes in regulatory environment and industry best practices/frameworks
- Perform reviews of OCC's legal framework, including updating and reviewing referenced policies, procedures, and controls that evidence compliance with regulatory obligations
- Produce and deliver education on regulatory compliance topics
- Assist with remediating regulatory and Internal Audit findings, including collecting data to identify root cause of problems, identifying trends, and formulating solutions
- Assist with collection of documents and other preparation as part of the exam management process
- Perform ad-hoc duties for Compliance management as necessary
None
The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.
- [Required] Basic working knowledge of the financial industry
- [Required] Excellent organizational and communication skills
- [Required] Comprehensive analytical, conceptual and problem-solving skills
- [Required] Ability to support policy and procedure management, process and control management, testing, monitoring, risk assessment, and findings management
- [Required] Ability to manage and prioritize assignments and respond to rapidly shifting priorities
- [Required] Ability to work independently and as a member of a team, collaborating with internal business clients at various levels of seniority
- [Required] Must be able to work under deadlines and manage multiple tasks
- [Required] Strategic thinker, with strong conceptual and problem-solving skills
- [Preferred] Basic working knowledge of securities and commodities rules and regulations. (i.e., SEC, CFTC, etc.)
- [Preferred] Basic working knowledge of compliance related best practices
- [Preferred] Some experience in risk and control frameworks, and process improvement frameworks (e.g. COBIT, COSO, ITIL, NIST, ISO 27001, ISO 9001, CMMI)
- [Required] Proficiency with MS Office software
- [Preferred] Experience using an integrated risk management system (such as RSA Archer), Document Management tools, and reporting tools
- [Preferred] Experience using PolicyTech
- [Required] Bachelor's Degree in Accounting, Business, Economics, Finance, other business and finance-related discipline or Information Systems, Computer Science or related discipline
- [Required] 0-3+ years of experience
- [Preferred] Experience working in compliance, audit, or risk for a financial services company
- [Preferred] Familiarity with the Securities Exchange Act of 1934 and the Commodity Exchange Act
- [Preferred] CPA, CFA, CIA, CFE, CISA, etc.
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.
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
- The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
- In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
- We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
- All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.
$76,500.00 - $105,500.00
6% to 10%
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.
OCC is an Equal Opportunity Employer
'/%3e%3cpath%20d='M101.744%2012.4726L102.894%2016.1947L99.0021%2013.2201L101.744%2012.4726ZM105.3%208.40937H100.488L99.0026%203.59473L97.5116%208.41047L92.7%208.40385L96.5965%2011.3834L95.1055%2016.1942L99.0021%2013.2196L101.408%2011.3834L105.3%208.40992V8.40937Z'%20fill='white'/%3e%3cdefs%3e%3clinearGradient%20id='paint0_linear_5593_1381'%20x1='90'%20y1='9.44471'%20x2='99'%20y2='9.44471'%20gradientUnits='userSpaceOnUse'%3e%3cstop%20stop-color='%2300AD70'/%3e%3cstop%20offset='0.998594'%20stop-color='%2300B67A'/%3e%3cstop%20offset='1'%20stop-color='%23DCDCE6'/%3e%3c/linearGradient%3e%3c/defs%3e%3c/svg%3e){kind=small}
