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The Options Clearing Corporation (OCC) · 9 hours ago

Associate Principal, Internal Audit Business & Risk

Chicago - 125 S Franklin

Full-time

Hybrid

Mid, Senior Level

$96K/yr - $148K/yr

5+ years exp

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization, dedicated to promoting stability and market integrity. The role supports and leads independent assessments of OCC's financial and operational business processes, focusing on risk management and presenting recommendations for improvements.

FinanceFinancial ServicesProperty Management

No H1B

Responsibilities

Support the team on delivery of assigned audits within the annual audit plan

Support the team confirming a professional auditee experience

Owning the audit quality, accuracy of results, and delivery in a timely manner

Proactively identify regulatory, operational, and/or strategic risks to the organization and bring them to your engagement team

Evaluate exceptions or inefficient practices for root causes and propose advice and recommendations for achievable solutions

Leading audits related to organization changes including business requirements definitions, technology implementations (e.g., changes to the supported business processes), engagement and alignment of change initiatives to business objectives

Maintaining an understanding of policies, procedures, standards, and supporting technologies, and educating staff accordingly, to effectively identify potential risks and alternatives to mitigate risk exposure leveraging leading practices

Ability to understand professional principles and standards (e.g., AICPA, IIA IPPF, COSO) and the relevancy to risk management and impact on policies and procedures. In addition, leveraging these principles and standards to test and evaluate corporate risk management processes and controls

Keeping current on best practices and emerging risks within the financial services industry and making recommendations for improvements as necessary

Supporting effective relationships with business groups and leadership and partnering with management

Qualification

Risk managementInternal auditingFinancial services experienceMicrosoft OfficeAudit software proficiencyAnalytical capabilitiesCommunication skillsProblem solvingTeamwork

Required

Ability to communicate clearly and effectively, both orally and in writing, including the ability to handle potentially sensitive situations and discussions

Strong problem solving and analytical capabilities

Demonstrated ability to gather, analyze, and evaluate facts, and prepare and present concise oral and written reports

Ability to work independently or as part of a team, prioritizing multiple audit assignments to simultaneously complete each in a timely fashion

Experience working in a complex, fast-paced environment

Experience using the principles, practices, and techniques involved in conducting audits in accordance with the requirements set forth in the International Standards for the Professional Practice of Internal Auditing published by the Institute of Internal Auditors (IIA)

Microsoft Office applications

Bachelor's degree (or equivalent) in Accounting, Finance, Business Administration or related field

5+ years of experience (audit-related) in conducting risk-based operational and compliance audits and projects, business process reviews and internal audits

Preferred

Consulting and/or accounting firm experience

Experience in Financial Services/Security Industry and working with regulatory organizations such as: Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Financial Industry Regulatory Authority (FINRA), Federal Reserve

Proficiency using Archer or other audit or Governance Risk and Compliance (GRC) software

Certified Financial Services Auditor (CFSA), Certification in Risk Management Assurance (CRMA), Certified Internal Auditor (CIA) or Certified Public Accountant (CPA), or equivalent