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Salary
$136k – $223k per year
Location
Hybrid (Chicago, United States)
Seniority
Principal · 5+ years exp
Visa
H-1B filings in 12 months: 130 · for this role: 71 · green card filings: 24
Employment
Full-Time

Confirmed on the employer's own hiring board on Nov 7, 2026. First seen by Alion on Nov 6, 2026.

Overview
Company
Impact
Profile match
The Options Clearing Corporation (OCC) is the largest equity derivatives clearing organization in the world, headquartered in Chicago, providing central counterparty clearing and settlement for options, futures and securities lending transactions. Founded in 1973 and designated a Systemically Important Financial Market Utility, it is overseen by the SEC, the CFTC and the Federal Reserve, has more than 100 clearing members, serves 21 exchanges and trading platforms and runs the Options Industry Council. It hires in Chicago and Dallas for software, network and security engineering, quantitative and operational risk management, internal audit, business analysis and internships.

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.

What You'll Do:

This role supports and works collaboratively with business analysts, team leads and development team. A contributor in developing scalable and resilient hybrid and Cloud-based data solutions supporting critical financial market clearing and risk activities; collaborate with other developers, architects and product owners to support enterprise transformation into a data-driven organization. The Specialist, Application Developer will be a team player and work well with business, technical and non-technical professionals in a project environment.

Primary Duties and Responsibilities:

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

  • Support the application development of big data application for business requirements in agreed architecture framework and Agile environment
  • Thoroughly analyzes requirements, develops, tests, and documents software quality to ensure proper implementation
  • Follows agreed upon SDLC procedures to ensure that all information system products and services meet: both explicit and implicit quality standards, end-user functional requirements, architectural standards, performance requirements, audit requirements, security rules are upheld, and external facing reporting is properly represented
  • Performs application and project risk analysis and recommends quality improvements
  • Assists Production Support by providing advice on system functionality and fixes as required
  • Communicates in a clear and concise manner all time delays or defects in the software immediately to appropriate team members and management
  • Experience with resolving security vulnerabilities

Supervisory Responsibilities:

  • None

Qualifications:

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.

  • [Required] 5+ year of experience in building high speed, data-centric solutions
  • [Required] 5+ years of experience in Java
  • [Required] Experience with high speed distributed computing frameworks like FLINK, Apache Spark, Kafka Streams, etc
  • [Required] Experience with distributed message brokers like Kafka, RabbitMQ, ActiveMQ, Amazon Kinesis, etc.
  • [Required] Experience with cloud technologies and migrations. Experience preferred with AWS foundational services like VPCs, Security groups, EC2, RDS, S3 ACLs, KMS, AWS CLI and IAM etc
  • [Required] Experience developing and delivering technical solutions using public cloud service providers like Amazon, Google
  • [Required] Experience writing unit and integration tests with testing frameworks like Junit, Citrus
  • [Required] Experience working with various types of databases like Relational, NoSQL, Object-based, Graph
  • [Required] Experience following Git workflows
  • [Required] Working knowledge of DevOps tools like Terraform, Ansible, Jenkins, Kubernetes, Helm and CI/CD pipeline etc
  • [Required] Familiarity with monitoring related tools and frameworks like Splunk, ElasticSearch, Prometheus, AppDynamics

Technical Skills:

  • [Required] Java-based software development experience, including deep understanding of Java fundamentals like Memory Model, Data structures, Concurrency and Multithreading
  • [Required] Fluent in object-oriented design, industry best practices, software patterns, and architecture principles
  • [Required] Strong testing experience which includes developing test plans, automated test cases, and working with test frameworks
  • [Preferred] Deep understanding to troubleshoot performance and multi-threaded issues
  • [Preferred] Experience with performance optimization and profiling
  • [Required] Experience working with two or more of the following: Unix/Linux environments, event-driven systems, transaction processing systems, distributed and parallel systems, large software system development, security software development, public-cloud platforms
  • [Required] Hands-on experience with Java version 8 onwards, Spring, SpringBoot, Microservices, REST API

Education and/or Experience:

  • [Required] BS degree in Computer Science, similar technical field required
  • [Preferred] MS in Computer Science

Certificates or Licenses:

  • [Preferred] OCP Java SE 8 Programmer Certification
  • [Preferred] AWS Certified Solutions Architect - Associate Level

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 23 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 toallow 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

$136,000.00 - $222,800.00

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.

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 aboutOCC, please clickhere.

OCC is an Equal Opportunity Employer

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