Dividend Reconciliation Associate Jobs (NOW HIRING)

To be considered for this position, applications and resumes are accepted only through our careers site by directly applying to the posted job. We do not accept unsolicited resumes or sales solicitations from staffing agencies. Any OCC employee wishing to submit a referral must do so through their Workday account. Any resume submitted outside of an active job posting will not be considered for employment.

This role supports the performance of a broad array of Risk Management functions. Responsibilities include: all activities supporting performed to ensure the integrity of all Price Data (used for Risk Management and Core Clearing processes) and all activities performed to support SEC and CFTC regulated customer margin / haircut programs (including Risk Based Haircuts/Customer Portfolio Margin ("RBH/CPM"), and OFRA/SPAN). This role will also support activities performed to establish and periodically review and evaluate the continued adequacy of OCC’s collateral and currency haircuts; and activities performed to establish, monitor, and evaluate certain parameters used in risk modeling and determination of Clearing Member margin requirements.

• Perform analysis of market and theoretical valuation of all products cleared by OCC, eligible to be deposited as collateral, or that are part of an OCC supported process.
• Perform reconciliation of modeled output and update where appropriate: analysis is performed using proprietary OCC tools/applications which assist in identifying and correcting instances of price arbitrage and other pricing irregularities; products include equity, index, government security, and derivative prices (i.e., options, futures, and futures options) as well as all derivative price inputs (e.g., dividend, interest rates, exchange rates); provide final approval and sign off for transmission to downstream processes (e.g., model calibration, theoretical computations, margin calculations).
• Perform evaluation of market data vendors and manage market data entitlements.
• Monitor intraday financial market performance and ensure that pricing and market data are accurately reflected.
• Correct issues as discovered or escalation to management for direction.
• Support and administer SEC and CFTC regulated programs related to customer margin / haircut calculations: evaluate products to ensure eligibility standards for inclusion are met and determine appropriate treatment (e.g., stress levels, allowed offsets) consistent with Regulatory requirements; determine appropriate risk parameters, maintain, and develop parameter files for RBH/CPM and SPAN.
• Perform daily evaluation of rate performance and periodic recalibration of related parameters.
• Answer questions from and support Clearing Members, participating in OCC administered Regulatory programs and the investing public.
• Provide detailed explanation of OCC’s risk management framework to external parties and provide guidance of supported regulatory programs and relevant SEC, FINRA, and CFTC Regulations.
• Conduct miscellaneous studies and analysis for senior management, including trend analysis for derivative valuation and various risk analytics.
• Support system development from a business user perspective by coordinating with multiple departments (e.g., application developers, quantitative risk analysts) to enhance system performance and functionality.
• Recommend new and improved processes to enhance system performance and functionality.
• Develop and maintain written procedures for Pricing and Margins departmental processes.
• Assist in the training and onboarding of new Pricing & Margin team members.
• Occasional travel required.
• Review and approve analysis prepared by Associates and Senior Associates prior to submission or escalation.
• Lead process improvement and system enhancement initiatives from concept through implementation.
• Serve as subject matter expert and primary point of contact for a specific regulatory program or risk model.

No direct reports; may provide work direction, guidance, and mentorship to Associates and Senior Associates within the department.

• The requirements listed are representative of the knowledge, skill, and/or ability required.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.
• Strong understanding of securities and futures markets and derivative valuation, particularly option trading and pricing inputs.
• Understanding of statistical concepts (e.g., VaR, Expected Shortfall).
• Ability to generate and evaluate descriptive and performance metrics from large data sets and synthesize results for Management.
• Comfortable performing data validation and reconciliation.
• Strong verbal and written communication skills.
• Comfortable working in a customer service-oriented environment and addressing questions from both OCC colleagues and the investing public.
• Good listening skills and ability to contribute to discussions with management from various departments.
• Self-directed and motivated to solve urgent problems by conducting ad hoc analysis and/or reaching out to other departments as necessary; ability to derive creative and adaptive solutions to problems.
• Ability to work both independently with little direction or oversight and in a team-oriented collaborative environment.
• Good organization skills; must be detail oriented.
• Ability to work well under pressure with multiple priorities and time-sensitive deadlines, and emphasis placed on accuracy.
• Demonstrated ability to lead cross-functional projects and initiatives with minimal oversight, and to mentor and review the work of Associates and Senior Associates.
• Experience presenting analysis and recommendations directly to senior management, Clearing Members, or regulators.

• Strong PC skills; comfortable with Windows environment.
• Highly proficient in Microsoft Excel, including experience using lookups, pivot tables, and complex formulas.
• Comfortable performing data analysis and manipulation on large, complex sets of information with little oversight.
• Proficient in Microsoft Word and PowerPoint.
• Experience using Bloomberg and/or Refinitiv desk-top client, and ability to connect these tools to Excel.
• Familiarity with relational databases and ability execute SQL using appropriate query tools (i.e. Squirrel, TextPad, DB2 Connect); ability to modify SQL a plus.
• Proficiency in Tableau, R Studio, Python, and Alteryx preferred.

Bachelor’s degree in finance, economics, or related field; Master’s degree or progress toward a CFA or FRM designation a plus.

None Required; CFA, FRM, or Series 7/24 licensure a plus.

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.

A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness.

• 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

Visit https://www.theocc.com/careers/thriving-together for more information.

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 $104,700.00 - $152,400.00
Incentive Range 8% to 15%
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.

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 talentacquisition@theocc.com.