Associate Principal, Software Engineering – Quantitative Risk Management at The Options Clearing Corporation
Chicago, IL 60290
About the Job
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Associate Principal, Software Engineering – Quantitative Risk Management
Apply locations Chicago - 125 S Franklin time type Full time posted on Posted 2 Days Ago job requisition id REQ-4195Name of Employer:
The Options Clearing Corporation
Job Title:
Associate Principal, Software Engineering – Quantitative Risk Management
Location:
125 S. Franklin Street, Suite 1200, Chicago, IL 60606
Duties:
Develop and maintain risk models for margin, clearing fund and stress testing with the focus on developing and maintaining risk model software in production, environments and infrastructure used in model implementation and testing. Design, develop and maintain trading infrastructure systems for financial markets, using Java, Spring Framework, Groovy, YAML, PostgreSQL, Python, Docker and AWS. Develop and maintain risk engine and theoretical price engine for options or margin futures in Java. Develop rule-based microservices data processing pipelines using Java, Spring framework, Groovy and YAML. Develop in-memory ETL data processing framework for risk management platform using Python. Collaborate with developers, quantitative analysts, business users, data and technology staff to expand Quantitative Risk Management’s technical capabilities for model development, backtesting and monitoring. Apply financial mathematics to develop and maintain software and environments used to implement and test systems for pricing, margin risk and stress testing of financial products and derivatives. Configure and manage resources in the local and AWS cloud environments and deploy Quantitative Risk Management’s software on these resources. Configure, execute, and monitor execution pipelines for model testing, backtesting and monitoring based on knowledge of markets and financial derivatives in equities, interest rate, and commodity products. Integrate model prototypes, model library and model testing tools using best industry practices and innovations. Create unit and integration tests utilizing high performance and distributed computing knowledge. Build and enhance test automation analytical tools based on financial analysis. Participate in code reviews and demo accomplishments. Write technical documentation and user manuals. Up to 40% telecommuting permitted. *This position qualifies for The Options Clearing Corporation’s Employee Referral Program.*
Education & Experience Required:
Master’s degree in CS, information science, mathematics, finance or related and two (2) years of experience as a software developer or related
Special Skills Required:
Must have work experience with each of the following: 1) Design, develop and maintain trading infrastructure systems for financial markets, using Java, Spring Framework, Groovy, YAML, PostgreSQL, Python, Docker and AWS; 2) Develop and maintain risk engine and theoretical price engine for options or margin futures in Java; 3) Develop rule-based microservices data processing pipelines using Java, Spring framework, Groovy and YAML; 4) Develop in-memory ETL data processing framework for risk management platform using Python. Up to 40% telecommuting permitted.
Salary:
$135,000-$178,600
Apply:
OCC offers a standard benefits package. See a full list of benefits here: https://www.theocc.com/careers/thriving-together. Apply online at www.theocc.com. No calls. EOE.
About Us
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.
Benefits
A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:
- 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.
Compensation
- 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.
Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application andattach your resume.
Step 2
You will receive an email notification to confirm that we've received your application.
Step 3
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.
For more information about OCC , please click here .
OCC is an Equal Opportunity Employer
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OCC is an Equal Opportunity Employer
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 groups that are traditionally under-represented in financial services apply to jobs only if they believe they meet 100% of the requirements. We want to break down this mindset to further diversify our workforce.
We encourage you 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.
OCC is a globally recognized entity that clears a multitude of diverse and sophisticated products. We want to reflect this in the diversity of our workforce.
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. Some of these components include:
- 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
- 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.