The Options Clearing Corporation (OCC) · 17 hours ago
Associate Principal, Quantitative Risk Management
Chicago - 125 S Franklin
Full-time
Hybrid
Senior Level, Lead/Staff
$111K/yr - $200K/yr
3+ years expThe Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization, dedicated to promoting market integrity. The Associate Principal in Quantitative Risk Management will develop and maintain model analytics, collaborate with analysts and technology staff, and enhance existing tools for performance monitoring.
FinanceFinancial ServicesProperty Management
Responsibilities
Maintain and build data models to ensure information is available in our analytics warehouse for downstream uses, such as analysis and dashboard development
Perform model performance testing, including portfolio back-testing using historical data
Support the launch of new products by enhancing monitoring capabilities
Create documentation and testing to ensure data is accurate and easily understandable
Discover and share best practices for data and analytics engineering with members of the team
Invest in your continued learning on data and analytics engineering best practices and evaluate them for fit in improving maintainability and reliability of analytics infrastructure
Assist analysts in solving their analytics questions/challenges
Qualification
Required
Strong programing skills. Able to read and/or write Python code in a collaborative software development setting
Experience with Tableau and Alteryx
Experience with a source code repository system (preferably Git)
Ability to write and optimize complex analytical (SELECT) SQL queries
Ability to collaborate with multiple partners (e.g., DBAs, Data Architecture, Security) to craft solutions that align business goals with internal security and development standards
Comfortable supporting business analysts on high-priority projects
High attention to detail and ability to think structurally about a solution
Strong problem-solving skills: Be able to accurately identify a problem's source, severity, and impact to determine possible solutions and needed resources
Experience with Tableau and Alteryx
Experience in a scripting language such as Python is required
Experience in office technology such as PowerPoint, Confluence, Word, and Excel
Experience with code repository, build and deployment tools (e.g., Git, GitHub, Jenkins)
Proficiency in database technology and query languages (such as SQL). Non-relational DB and other Big Data, cloud-based computing experience is a plus
Master's degree or equivalent in a quantitative field such as data analytics, computer science, mathematics, physics, finance/financial engineering
3 years of experience in data analytics required
Preferred
Exposure to data orchestration tools, such as Airflow
Understanding of applied statistics and hands-on experience applying these concepts
Strong quantitative skills, ability to demonstrate deep understanding in the following technical areas: 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: good understanding of markets and financial derivatives in equities, interest rate, and commodity products
Model development and prototyping require advanced development skills in Python and database manipulation
Ability to challenge model methodologies, model assumptions, and validation approach
Proficiency in technical and scientific documentation (e.g., white papers, user guides, etc.)
Experience with numerical libraries and/or scientific computing is preferred
Experience with automated quality assurance frameworks for model testing is preferred
Software design: effective application of design patterns, expertise in object-oriented design
Experience with high performance computing is a plus
Experience in areas in finance and/or development experience in model implementation and testing
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
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)
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