Summer Intern - GRC Systems

The Options Clearing Corporation; Chicago (IL); Hybrid; USD 29,000 - 40,000; Full time

Benefits offered by this job

Technology stipend

Tuition reimbursement

Student loan repayment assistance

PTO and parental leave

Health benefits

401k match

Job summary

The Options Clearing Corporation (OCC) offers a Summer Internship within the Compliance Risk Solutions team, focusing on Archer platform development and governance tooling. Interns contribute to real-world projects in controls, risk management, and policy tooling while learning in a hybrid setting.

Open to undergraduate and graduate students with a strong IT orientation, the program emphasizes hands-on experience, collaboration, and opportunities for growth in financial services technology.

Qualifications

• High-level understanding of IT domains: software development, change management, system administration, QA.
• Experience with at least one major low-code platform.
• Experience with relational databases.
• Knowledge of platform governance, security roles, and access control.
• Experience with debugging and performance tuning tools.
• Experience documenting functional and non-functional requirements.

Responsibilities

• Develop in the Archer platform across modules supporting controls assurance and risk management.
• Assess current state of PolicyTech and Apparity.
• Document GRC tool configurations and system documentation.

Skills

IT domain basics

Low-code platform

Relational databases

Workflow automation

Governance & security

Performance tuning

Requirements gathering

Tools

Archer

PolicyTech

Apparity

Job description

Internship Program Details

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.

*****INTERNS AND SEASONAL INTERNS ARE ELIGIBLE ONLY FOR PAID SICK LEAVE ACCRUED BASED ON HOURS WORKED. NO OTHER BENEFIT INCLUDING TECHNOLOGY STIPEND APPLY TO INTERNS OR SEASONAL INTERNS*****

Location: Chicago

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! The OCC 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.

Team & Role

The Compliance Risk Solutions team within the Enterprise Technology Solutions department manages OCC's compliance and risk systems including but not limited to PolicyTech, Archer and Apparity.

Job Summary & Responsibilities

The intern will work on development in the Archer platform across a variety of solutions including, but not limited to, modules that support Controls Assurance and Risk Management. Additional work will also include technical assessment of current state on PolicyTech and Apparity. System documentation for GRC tools.

Candidate Qualifications

Rising senior or second‑year graduate student, graduating December 2027 or May/August 2028.

Desired Majors

Information Technology, Information Systems

Desired Skills and Experience

• High level understanding IT domains: software development, change management, system administration, and quality assurance.
• Low code platform experience is preferred.
• Hands‑on experience with at least one major low-code platform.
• Experience with relational databases.
• Experience configuring business process automation / workflow engines.
• Knowledge of platform governance, security roles, and access control models.
• Experience with platform‑specific debugging and performance tuning tools.
• Experience with identifying and documenting functional and non‑functional requirements.

Additional Qualifications

• Hands‑on experience with at least one major low‑code platform.
• Experience with relational databases.
• Experience configuring business process automation / workflow engines.
• Knowledge of platform governance, security roles, and access control models.
• Experience with platform‑specific debugging and performance tuning tools.
• Experience with identify and documenting functional and non‑functional requirements.

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

Benefits

• A highly collaborative and supportive environment developed to encourage work‑life balance and employee wellness.
• 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.
• Competitive health benefits including medical, dental and vision.
• 401k Employer Match.
• OCC is an Equal Opportunity Employer.
• OCC is an equal opportunity employer that is committed to diversity, equity, and inclusion.
• 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].