Senior Associate, Third Party Risk Management

theocc; Chicago (IL); Hybrid; USD 110,000 - 150,000; 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

Competitive health benefits

Job summary

The Options Clearing Corporation (OCC) is seeking a Senior Associate to support Third Party Risk Management across multiple business lines. You will assess third party engagements, oversee onboarding, monitoring, and off-boarding, and drive governance with internal and external stakeholders.

Ideal candidates have 2+ years in risk management or audits, strong communication and analytical skills, and may hold CISA/CRISC or equivalent certifications.

Qualifications

• Bachelor's Degree (or equivalent)
• Master's Degree (preferred)
• At least 2 years of experience in Risk Management, Third Party Risk, Auditing or the equivalent
• Some knowledge of Third Party Risk Management processes and methodologies
• Preferred CISA, CRISC, or other certifications for Security or Business Continuity

Responsibilities

• Coordinate with stakeholders to initiate, scope and conduct Third Party risk assessments of new and existing engagements
• Perform risk-based analysis, communicate identified risks to stakeholders, and track remediation actions
• Oversee on-boarding, monitoring and off-boarding of Third Party services
• Establish partnerships with internal and external stakeholders to identify, measure and manage Third Party risks
• Respond to Third Party requests related to OCC operations from Clearing Members, Banks, and other third parties
• Maintain up-to-date knowledge of regulatory/compliance information to contribute to program improvement
• Assist with regulatory and audit requests
• Lead special projects as assigned

Skills

Third Party Risk Management

Audit or ERM experience

Communication skills

Analytical thinking

Detail oriented

Independent work

Education

Bachelor's Degree or equivalent

Master's Degree preferred

Tools

Microsoft Office

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:

The Senior Associate will be working across multiple lines of business to assist with TPRM efforts to monitor and manage third party relationships and compliance with TPRM procedures. In this role, they will have governance and oversight responsibilities to ensure third parties are properly assessed. In addition, the Associate Principal shall lead special projects as assigned.

Primary Duties and 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

Supervisory Responsibilities: None

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

Technical Skills:

• Proficient in Microsoft Word, Excel, Access, and PowerPoint

Education and/or Experience:

• Bachelor's Degree (or equivalent)
• Master's Degree (preferred)
• At least 2 years of experience in Risk Management, Third Party Risk, Auditing or the equivalent
• Some knowledge of Third Party Risk Management processes and methodologies

Certificates or Licenses:

• Preferred CISA, CRISC, or other certifications for Security or Business Continuity

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

The salary range listed for any given position is