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The Options Clearing Corporation (OCC) · 10 hours ago

Director, Quantitative Risk Management

Dallas, TX

Full-time

Hybrid

Senior Level, Lead/Staff

$177K/yr - $288K/yr

10+ years exp

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization dedicated to promoting stability and market integrity. The Director of Quantitative Risk Management will direct the development, implementation, testing, and maintenance of models used for margin, clearing fund, and stress testing, while collaborating with various departments to enhance OCC's risk management capabilities.

FinanceFinancial ServicesProperty Management

H1B Sponsor Likely

Responsibilities

Direct, lead and review development and implementation of models for pricing, margin risk and stress testing of financial products and derivatives |Oversee analysis of new products and drive their implementation at OCC

Research and present model alternatives based on the academic literature, industry best practices, data analysis and model prototyping

Produce high quality whitepapers and technical documentation following QRM’s procedures and templates

Develop standards, procedures and tools for model performance monitoring and communicate results to peers and leadership

Lead and direct implementation of the model development tools in QRM supporting model analysis and backtesting

Lead and direct implementation of the model analytics in the QRM Library

Partner with IT and other departments delivering QRM analytics to production

Provide production support, participate in troubleshooting and analysis of model, system and data issues

Lead remediation of Model Validation or regulatory findings

Prepare and present materials supporting management and regulatory inquiries

Provide intellectual leadership promoting innovation and learning

Manage a team of financial engineers/model developers

Qualification

Financial mathematicsRisk management methodsProgramming skillsDatabase technologyNumerical methodsEconometricsMachine learning techniquesHigh performance computingTechnical documentationChallenge methodologiesPeople managementProblem-solving skillsCollaboration

Required

Financial mathematics (derivatives pricing models, stochastic calculus, statistics and probability theory, advanced linear algebra)

Econometrics, data analysis (e.g., time series analysis, GARCH, fat-tailed distributions, copula, etc.) and machine learning techniques

Numerical methods and optimization; Monte Carlo simulation and finite difference techniques

Risk management methods (value-at-risk, expected shortfall, stress testing, backtesting, scenario analysis)

Financial products knowledge: seasoned level in understanding of markets and financial derivatives in equities, interest rate, and commodity products

Seasoned level in programing skills. Advanced proficiency in using a programming language (e.g., Java, C++, Python, R, MATLAB, etc.) in a collaborative software development setting. Model development and prototyping requires advanced development skills in Python and data mining

Strong problem-solving skills: be able to accurately identify a problem's source, severity, and impact to determine possible solutions and needed resources

Ability to challenge model methodologies, model assumptions, and validation approach

Seasoned level in technical and scientific documentation (e.g., whitepapers, user guides, etc.)

Expert in database technology, query languages (such as SQL), and efficient storage and serialization protocols

For model development and prototyping role: expert in a scripting language such as Python, R or MATLAB

Experience with numerical libraries and/or scientific computing including numerical optimizers (e.g. NAG, MATLAB)

Experience with automated testing frameworks (e.g., Junit, TestNG, PyTest, etc.)

Experience with CI/CD and DevOps tools (e.g., Git, GitHub and various profiling and telemetry tools) is required for model implementation and application development

Experience with high performance computing, distributed computation engines and cloud computing

Advanced proficiency in office technology such as PowerPoint, Confluence, Latex, Word, and Excel

Master's degree or equivalent in a quantitative field such as computer science, mathematics, physics, finance/financial engineering

10+ years of experience of quantitative research and/or model implementation in finance

5+ years of experience in people management

Preferred

PhD degree in one of the above fields

FRM, CFA, etc

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

Company

The Options Clearing Corporation (OCC)

Glassdoor3.3

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization.

Founded in 1973

Chicago, Illinois, USA

1001-5000 employees

https://www.theocc.com/

H1B Sponsorship

The Options Clearing Corporation (OCC) has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (94)

2024 (96)

2023 (72)

2022 (60)

2021 (37)

2020 (56)