Summer Intern – Credit Risk Management

The Options Clearing Corporation; Dallas (TX); Hybrid; USD 28,000 - 40,000; Part time

Benefits offered by this job

Tuition Reimbursement

Student Loan Repayment Assistance

Technology Stipend

Generous PTO

Parental leave

Job summary

The Options Clearing Corporation (OCC) is offering a 12-week summer internship in Credit Risk Management. The program blends in-person collaboration at Chicago or Dallas with a hybrid work option and structured learning.

Interns will engage in due diligence, financial analyses, risk examinations, and data-driven projects alongside experienced analysts. Rising seniors or early graduate students may apply, pursuing degrees in Finance, Economics, or related fields.

Qualifications

• Proficient in Microsoft Office with Excel lookups and pivot tables for data analysis.
• Read and understand financial statements.
• Excellent organization skills and detail orientation.
• Strong verbal and written communication skills.
• Familiarity with large relational data sets, SQL, Python, Java, and data visualization tools preferred.

Responsibilities

• Support due diligence and financial statement analysis for Clearing Member onboarding.
• Assist with Watch Level surveillance and identify emerging risk trends.
• Help prepare materials for Clearing Member risk examinations (questionnaires, requests, findings).
• Contribute to analysis and reporting to management.
• Assist with special projects (process enhancements, data transformation, code reviews, dashboard design, risk model support).

Skills

Excel lookups & pivot tables

Read financial statements

Strong communication

SQL

Python

Java

Power BI

Education

Bachelor’s degree required in Finance / Economics / Accounting / Risk Management

Tools

PowerPoint

Excel

Job description

Location & Internship Type

Location: Chicago or Dallas

Internship type: Seasonal intern (12 weeks, summer 2027)

Hybrid Work Program OCC operates under a Hybrid Work Program which, absent an approved exception, requires employees to work from an OCC office at least 3 days per week. To maximize in‑person collaboration, Tuesday and Wednesday are considered anchor days, and all employees are expected to work in the office both days. Employees meeting performance expectations are generally permitted to select 2 other days per week to work remotely if desired. When working remotely, employees are generally expected to work from the state in which they reside, absent an exception approved by Human Resources. Additionally, OCC generally does not permit employees to work while traveling internationally.

About OCC

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 21 exchanges and trading platforms. OCC also provides free and engaging educational resources about the benefits and risks of options through its Options Industry Council (OIC). OCC is building a culture that empowers continued learning, authentic innovation, and constant creativity.

About the Intern Program

OCC is looking for interns who are eager to learn, humble enough to ask questions, and ready to think critically about complex problems. The OCC Internship Program equips students with the real-world skills needed to transition successfully into a career in financial services. As an intern, you will contribute to meaningful projects, applying your skills and knowledge to real challenges facing the business. Your time with us is a real opportunity to make a genuine impact on the future of OCC! OCC's Summer Internship Program is a 12‑week opportunity running either May through August or June through September, and is open to undergraduate and graduate students who are actively enrolled at a college or university. Interns work up to 40 hours per week in a hybrid work environment, and overtime is not permitted.

About the Team & Role

Credit Risk Management (CRM) sits within OCC's Financial Risk Management (FRM) division and is responsible for safeguarding OCC from counterparties such as Clearing Members, banks, pension funds, investment counterparties, and financial market utilities that exhibit elevated credit or operational risk or lack sound risk management programs. The team manages the full counterparty lifecycle from onboarding, monitoring, risk examinations, and off boarding. An intern on CRM would get hands‑on exposure to a live counterparty risk function and contribute to the team’s mandate of managing counterparty risk. Depending on team needs, the intern would be paired with CRM staff, exposed to senior stakeholders, and given direct visibility into how OCC's first line of defense manages counterparty credit risk in practice.

Job Summary & Responsibilities

• Supporting due diligence and financial statement analysis for Clearing Member or bank on‑boarding applications.
• Assisting with Watch Level surveillance: pulling and reviewing financial/operational data to help identify emerging risk trends.
• Helping prepare materials for Clearing Member risk examinations (questionnaires, document requests, findings write‑ups).
• Contributing to analysis and or reporting to management.
• Assisting with special projects (e.g., process enhancements, data transformation, code reviews, dashboard design, or credit rating model support) alongside Analysts and Associates on the team.

Candidate Qualifications

• Rising senior or second‑year graduate student, graduating December2027 or May/August2028.

Desired Majors

• Bachelor’s degree: preferably in Finance, Economics, Accounting, Risk Management, or a computational & quantitative major.

Technical Skills/Experience – Desired

• Proficient in Microsoft Office, including Excel experience using lookups and pivot tables to perform data analysis, and comfortable developing PowerPoint presentations
• Ability to read and understand financial statements
• Excellent organization skills – must be detail oriented
• Strong verbal and written communication skills
• Familiarity with large relational data sets, programing languages (SQL, python, java), and data visualization tools preferred

Additional Qualifications

Demonstrated analytical and problem‑solving skills and the ability to work in a collaborative environment.

Compensation

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.

Salary Range $25.00 - $25.00

Incentive Range 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.

Benefits

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

Equal Opportunity Employer

OCC is an Equal Opportunity Employer

OCC is an equal opportunity employer that is committed to diversity, equity, and inclusion.

OCC provides equal employment opportunities to all employees and applicants for employment without regard to race, color, national origin, citizenship status, sex, sexual orientation, gender identity or expression, disability, age, marital status, religion, veteran status, or any other characteristics protected by applicable federal, state, or local laws.

Numerous studies have shown that people from certain groups are less likely than others to apply to jobs if they believe they do not meet 100% of the requirements.

We encourage everyone to review our open positions and apply if you think your experience may be a match, even if you do not meet all of the qualifications.

Your perspective may be an element we need to continue building innovative solutions to support the markets and market participants we serve.

If you need a disability related accommodation for any part of the application process, please email [e-mail].

Additional Company Information

More information about OCC is available at www.theocc.com.

Visit https://www.theocc.com/careers/thriving-together for more information.