Senior Stress Testing & Liquidity Risk Lead

The Options Clearing Corporation; Chicago (IL); Hybrid; USD 188,000 - 260,000; Full time

Benefits offered by this job

Hybrid work

Tuition reimbursement

Student loan repayment

Technology stipend

PTO & parental leave

401k match

Health benefits

Job summary

The Options Clearing Corporation (OCC) seeks a Principal in the Stress Testing Group to lead risk analysis, model enhancements, and reporting for stress testing and liquidity risk. You will mentor junior staff, interact with OCC senior management, regulators, and clearing members, and support regulatory filings.

Responsibilities include analyzing exposures, developing business requirements for new functionality, and driving analytical improvements across teams.

Qualifications

• Thorough understanding of financial derivatives, especially options/futures.
• Experience with central counter-party clearing and capital markets infrastructure.
• Strong knowledge of market, credit, liquidity risk and mitigation techniques.
• Familiarity with VaR, SPAN, stress testing, liquidity and concentration risk.
• Experience converting business needs into requirements and testing.
• Ability to analyze large, complex data sets and report clearly.
• Knowledge of SEC and CFTC rules; strong communication with management.

Responsibilities

• Analyze market and stress test risk exposures across OCC-cleared products.
• Collaborate with product teams to develop requirements for stress testing capabilities.
• Work with Quantitative Risk Management on model enhancements.
• Create tools for position and exposure reporting from large data sets.
• Interface with regulators and internal risk functions on stress testing processes.
• Mentor junior staff and communicate results to senior management.

Skills

Derivatives (options & futures)

CCP clearing & risk management

Quantitative analysis

Data analysis & reporting

SQL, Python, R

Jira in Agile

AI tools (Claude Chat)

Education

Bachelor's degree or equivalent

Graduate degree preferred

10+ years risk management experience

Tools

SQL

Python

R

Matlab

Tableau

Alteryx

Jira

Job description

The Options Clearing Corporation (OCC) seeks a Principal in the Stress Testing Group to lead risk analysis, model enhancements, and reporting for stress testing and liquidity risk. You will mentor junior staff, interact with OCC senior management, regulators, and clearing members, and support regulatory filings.

Responsibilities include analyzing exposures, developing business requirements for new functionality, and driving analytical improvements across teams.