Risk Manager Risk Manager …

Options Clearing Corporation
in Chicago, IL, United States
Permanent, Full time
Be the first to apply
Competitive
Options Clearing Corporation
in Chicago, IL, United States
Permanent, Full time
Be the first to apply
Competitive
Risk Manager
Manager Quantitative Risk Management Chicago - 125 S Franklin/en-US/careers/job/Chicago---125-S-Franklin/Manager-Quantitative-Risk-Management_REQ-1773-2/apply

Summary:

The quantitative risk management (QRM) function within financial risk management is responsible for the development of the Firms methodologies for setting margin requirements and analyzing other risk issues. The quantitative development manager will be responsible for implementation and maintenance of the QRMs model libraries and will have both software development and leadership responsibilities in the quantitative development team. Quantitative development manager will also coordinate collaboration with quantitative analysts, business users, technology staff, and model validation colleagues to implement models and systems for pricing and risk management of complex financial derivatives, as well as support and enhance existing systems in that domain.

Essential Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

  • Implement models for pricing and risk management of complex financial derivatives, working closely with others on the team and outside of the department.
  • Develop high-performance numerical algorithms, conforming to the high reliability and availability standards of the organization
  • Review implementation of complex models and algorithms focusing on requirement verification and code quality
  • Write and review documentation for the implemented models and code libraries
  • Implement standards, processes, and tools for numerical library testing and code quality controls
  • Implement standards, processes and tools for code, documentation and release management
  • Provide production support for the numerical libraries and risk management systems

Supervisory Responsibilities:

  • Supervise quantitative development staff as assigned

Qualifications:

The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Software and Programming:
  • Extensive programming background is required, with an emphasis on numerical algorithms and scientific computing
  • Demonstrated experience developing and maintaining enterprise level systems
  • Proven leadership in delivering major functionality in a collaborative software development setting
  • Proven technical writing skills
  • Mathematics and Quantitative Finance exposure:
  • Probability Theory and Stochastic processes
  • Linear Algebra
  • Univariate and multivariate statistics and econometrics
  • Derivative pricing models (desired)

Technical Skills:

  • Working command of SQL is desired.
  • Experience with numerical libraries is desired
  • Experience in Python, R or MATLAB
  • Experience with collaborative development frameworks is required, Agile/SCRUM preferred

Education and/or Experience:

  • Masters degree or equivalent is required in a quantitative field; most likely in some branch of quantitative finance, computer science, mathematics, or engineering
  • 5+ years of experience

Certificates or Licenses:

None required

Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach 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 , please click .

OCC is an Equal Opportunity Employer

Posted TodayFull timeREQ-1773

OCC is the world's largest equity derivatives clearing organization and the foundation for secure markets. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2016 Clearinghouse of the Year - The Americas by FOW Magazine and 2016 Clearinghouse of the Year by Global Investor/ISF Magazine, OCC now provides central counterparty (CCP) clearing and settlement services to 20 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com.

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