The Options Clearing Corporation (OCC) · 2 hours ago
Principal, Product Owner
Chicago, IL
Full-time
Hybrid
Lead/Staff
$167K/yr - $237K/yr
10+ years expThe Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. The Product Owner will be responsible for maximizing the value of the products delivered to stakeholders by representing business interests and collaborating with technology teams to create a product roadmap and prioritize work.
FinanceFinancial ServicesProperty Management
No H1B
Responsibilities
Act as a primary point of contact for Financial Risk Management and other stakeholders regarding the product backlog and product development
Interact with internal and external stakeholders to understand their needs and ensure that they are reflected in the product backlog
Elicit, Interpret, lead requirement workshops with vendors, stakeholders, and/ or product owners; assist in the development of backlog items and acceptance criteria
Maintain direct communications with senior and middle management
Coordinate preparation of materials for Management Committee, Board of Directors and Regulatory meetings as needed
Maintain Product Vision and Roadmap
Understand regulatory requirements and drivers impacting development goals and plans
Evaluate product changes and recommend needed process and system changes
Collaborate with cross-functional teams to define and prioritize the product backlog
Refine the product backlog to ensure that it is ready for development
Seek to optimize product delivery in the most cost-effective manner
Collaborate with technology partners and teams to drive strategic plans for OCC’s system development, integration and deployment
Work with the Project Owners/Managers, Technology Lead, and Scrum Master to ensure that the teams are following the hybrid agile methodology and that any issues are addressed in a timely manner
Collaborate with Model Risk Management and Quantitative Risk Management staff to ensure all models and methodologies are appropriately validated as part of any change management or annual validation activities
Ensure that the product backlogs are transparent, visible, and understood by all stakeholders
Ensure there is a clear traceability of requirements to deliverables
Ensure the product complies with all non-functional requirements
Comply with all product delivery controls and procedures
Continuously monitor and evaluate the product backlog to ensure that it is meeting stakeholder needs and delivers value
Identify scope gaps and missing requirements by acquiring an in-depth understanding of current state capabilities (i.e., legacy system) and future state needs
Proactively identifies and escalates risks and issues to the leadership team
Monitor vendor performance (where applicable) against statements of work
Meet complex business needs in an efficient, flexible, and ever-improving manner
Indirectly supervise product team members matrixed from across business and internal technology teams
Foster a diverse and inclusive workplace
Perform other duties as assigned
Light travel may be required
Qualification
Required
Previous experience as a Product Owner in a hybrid agile methodology is required
Strong understanding of Agile product management methodologies and product development processes
Excellent communication, collaboration, and presentation skills
Ability to work effectively with and lead cross-functional teams
Strong analytical and problem-solving skills
Demonstrated ability to gather, analyze, and evaluate facts, and prepare and present concise oral and written reports
Ability to prioritize and manage multiple tasks and projects simultaneously
Ability to work independently in a fast-paced, dynamic environment
Must be able to work under deadlines and manage multiple tasks
Self-directed; Ability to work both independently with minimal direction or oversight in a team-oriented, collaborative environment
Experience working in the financial services industry with deep understanding of Options and Derivatives markets
Solid understanding of Risk and P&L attribution; Margins processing; Referential Data; Market Data; Timeseries
Strong knowledge in multiple asset classes (equities, interest rates, volatility, commodities, foreign currencies, etc.)
Experience with central counterparty clearing & settlement of derivatives and regulated capital markets infrastructure
Willingness to roll up your sleeves and do whatever is necessary
Proficiency using Jira, Confluence, Tableau and Microsoft Office applications
Strong data analysis skills using SQL and MS-Excel, coupled with familiarity in Data Modeling concepts
Ability to work closely with Quantitative Finance, Engineering (Software, Data, Quality, Platform), UX/UI teams
Strong in tech parlance to decompose complex Product requirements to Development team
Bachelor's degree (or equivalent) in relevant fields including Accounting, Finance, Computer Science, Management Information Systems, Engineering among others
10+ years of financial risk management experience leading teams and building robust business processes
2+ years of product management experience, preferably with Risk Management products and capabilities
Demonstrated experience with ensuring effective process change management
10+ year experience in financial services / regulated capital markets infrastructure. Experience with an exchange, regulator or clearing house preferred
Preferred
MBA, MS or equivalent graduate degree in a relevant field preferred
Nice-to-have: Familiarity with programming, APIs, Systems Integration, Atomic UC4 skills
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)
The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
David Hoag
Chief Information Officer
Kristen Baldwin
Chief Information Officer
Recent News
2025-12-24
Company data provided by crunchbase