Senior Quant Risk Lead – Equity Derivatives & Models

The Options Clearing Corporation (OCC); Chicago (IL); Hybrid; USD 180,000 - 230,000; 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

The Options Clearing Corporation (OCC) is seeking a senior Quantitative Risk Analyst to develop and maintain risk models for margin, clearing fund and stress testing. You will prototype and test models, collaborate across quantitative teams, and implement pricing, margin and volatility models using Python, C++, and SQL.

This role includes model validation reporting, QA testing, and supporting new product launches.

Qualifications

• Master’s degree in finance, financial engineering, mathematical finance, or related field.
• Five or more years of experience as quantitative financial analyst or related role.

Responsibilities

• Develop and maintain risk models for margin, clearing fund, and stress testing.
• Collaborate with analysts, business users, data & technology staff, and model validation.
• Prototype and test models for pricing, margin risking, and stress testing.
• Design model library and testing tools using industry best practices.
• Develop model documentation and white papers; write technical reviews.
• Perform portfolio back-testing and model performance testing with historical data.

Skills

Quantitative analysis

Model risk management

Back-testing

Documentation

Education

Master’s degree in finance/financial engineering/min math finance

Tools

Python

C++

SQL

MATLAB

Scala

Job description

The Options Clearing Corporation (OCC) is seeking a senior Quantitative Risk Analyst to develop and maintain risk models for margin, clearing fund and stress testing. You will prototype and test models, collaborate across quantitative teams, and implement pricing, margin and volatility models using Python, C++, and SQL.

This role includes model validation reporting, QA testing, and supporting new product launches.