Year-Round Intern - Corporate Actions

The Options Clearing Corporation; Dallas (TX); On-site; USD 28,000 - 40,000; Full time

Benefits offered by this job

Hybrid work

Tuition reimbursement

Student loan repayment

Tech stipend

Generous PTO

401k match

Health benefits

Job summary

The Options Clearing Corporation (OCC) in Dallas is seeking a year-round intern to contribute to Market Operations and corporate actions by supporting transitions from ENCORE to Ovation and Day 2 initiatives.

This 12-month program offers 20 hours weekly during the school year and up to 40 hours in summer, with a 1,000-hour cap, and a hybrid work arrangement requiring in-office presence on anchor days.

Qualifications

• Rising senior or 2nd-year graduate student, graduating in 2027/2028.
• Interest in financial markets.
• Familiarity with Microsoft Office applications.

Responsibilities

• Assist in transitioning from ENCORE to Ovation and Day 2 project initiatives.
• Create job aids, training materials, and participate in User Acceptance Testing (UAT).
• Support department production operations and contribute to process improvement initiatives.

Skills

Interest in financial markets

Education

Rising senior or second-year graduate student

Tools

Microsoft Office

Job description

****THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP****

Location: Dallas

Internship type: Year-round intern (1,000 hours max, January 2027–December 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 Year‑Round Internship Program is a 12‑month opportunity running from January through December and is open to both undergraduate and graduate students who are actively enrolled at a college or university. Interns work up to 20 hours per week during the school year and up to 40 hours per week during the summer, subject to a 1,000‑hour cap. The role is based in a hybrid work environment, and overtime is not permitted.

Team & Role

Market Operations works with participant exchanges to support options listings, trade processing, and day‑to‑day support for the exchanges and market participants. Additionally, Market Operations partners with Participant Solutions to develop and bring new products and exchanges to market. Corporate Actions researches corporate action events related to the securities that underly equity options, determines the appropriate adjustment to cleared options products, communicates the adjustments through information memos published to the OCC website and processes adjustments. Both departments offer opportunities for an intern to learn the basics of OCC's partnership with Options exchanges, trade processing, researching corporate actions and operations processing.

Job Summary & Responsibilities

The intern will support department efforts to prepare for the transition from our current clearing system (ENCORE) to our future system (Ovation) and Day 2 project initiatives. Responsibilities may include creation of job aids and procedures, development of training materials, and participation in User Acceptance Testing (UAT). Engagement in this project will help the intern understand and appreciate the complexity of a large‑scale project and gain experience across multiple workstreams. The intern will also contribute to strengthening the control environment through assisting in the preparation of audit evidence, executing controls related to basic processing, assistance with management self‑testing, and contributing to the review of departmental controls and testing procedures. The intern will support department production operations, learning to support exchange option listings, trade processing, corporate action research and corporate action processing, in addition to gaining exposure to process improvement activities and industry initiatives.

Candidate Qualifications

• Rising senior or second‑year graduate student, graduating December 2027 or May/August 2028.
• Desired Majors Business Administration, Finance, Economics, Communications, or other related field of study.
• Technical Skills/Experience Desired: Familiarity with Microsoft Office applications.
• An interest in the financial markets.

About Us

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 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.

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.

Interviews

OCC does not utilize video chat rooms (that is, Google Hangouts) to conduct interviews. OCC will only use our approved Zoom video interview platform. Your vigilance helps protect you and supports the integrity of our hiring process.

Benefits

• 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
• 401k Employer Match
• Competitive health benefits including medical, dental and vision

Equal Opportunity Employment

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].