Senior Associate, Third Party Risk Management

The Options Clearing Corporation; Chicago (IL); Hybrid; USD 78,000 - 105,000; Full time

Benefits offered by this job

Hybrid work up to 2 days remote

Tuition Reimbursement

Student Loan Repayment Assistance

Technology Stipend

Generous PTO and Parental leave

401k Employer Match

Health benefits

Job summary

The Options Clearing Corporation (OCC) seeks a Senior Associate to drive Third Party Risk Management across multiple business lines and remain compliant with TPRM procedures. You will govern third party assessments, oversee onboarding and offboarding, and lead strategic projects with internal and external stakeholders.

Join OCC to maintain strong risk controls, collaborate with vendors and clearing members, and support regulatory responses.

Qualifications

• Bachelor’s degree (or equivalent) in a relevant field.
• Master’s degree preferred for advanced roles.
• 2+ years in Risk, Third-Party Risk, or Auditing.
• Some knowledge of Third-Party Risk processes.

Responsibilities

• Coordinate Third Party risk assessments with stakeholders.
• Conduct risk-based analysis and remediation tracking.
• Oversee on-boarding, monitoring and off-boarding of Third Party services.
• Lead special projects as assigned.
• Respond to regulatory and audit requests.

Skills

TPRM

Risk management

Audit

Strategic thinking

Analytical skills

Communication

Problem solving

Team collaboration

Integrity

Independence

Education

Bachelor’s Degree

Master’s Degree (preferred)

Tools

Word

Excel

Access

PowerPoint

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:To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.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 closureOversee on-boarding, monitoring and off-boarding of Third Party servicesEstablish and maintain partnerships with internal and external stakeholders to ensure effective collaboration to identify, measure and manage Third Party risks and controlsCoordinate with both internal and external stakeholders and respond to Third Party requests related to OCC operations from Clearing Members, Banks, and other OCC Third PartiesMaintain 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 programAssist with regulatory and audit requestsLead special projects as assignedSupervisory Responsibilities:NoneQualifications: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.Ability to anticipate, draw conclusions, and adapt to changing needs and demandsPrior Third Party Risk Management, Audit or Enterprise Risk Management experienceExcellent verbal, written and interpersonal communication skills, including the ability to communicate effectively with all levels of staff and managementStrong analytical skills, problem solving, strategic thinking and reasoning abilitiesA high degree of integrity, professionalism, and capacity to excel in a cohesive team environmentAbility to work independently on projects with little oversight or as part of a teamDetail oriented with the ability to multitask and quickly adapt to changing assignmentsTechnical Skills:Proficient in Microsoft Word, Excel, Access, and PowerPointEducation 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 equivalentSome knowledge of Third Party Risk Management processes and methodologiesCertificates or Licenses:Preferred CISA, CRISC, or other certifications for Security or Business ContinuityAbout UsThe 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.BenefitsA 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 workTuition Reimbursement to support your continued educationStudent Loan Repayment AssistanceTechnology Stipend allowing you to use the device of your choice to connect to our network while working remotelyGenerous PTO and Parental leave401k Employer MatchCompetitive health benefits including medical, dental and visionVisit https://www.theocc.com/careers/thriving-together for more information.CompensationThe 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/careersAll 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.Salary Range$77,500.00 - $105,000.00Incentive Range6% 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.Step 1When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.Step 2You will receive an email notification to confirm that we've received your application.Step 3If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.For more information about OCC, please click here.OCC is an Equal Opportunity Employer