{"id":2578516,"url":"https://alion.io/job/theocc-associate-principal-quantitative-risk-management","title":"Associate Principal, Quantitative Risk Management","company":{"id":1768531,"name":"The Options Clearing Corporation","domain":"theocc.com","url":"https://alion.io/company/theocc-com","size_band":"1001-5000","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Workday","truth_index":null},"role":"Finance","role_family":"Finance","seniority":"lead","employment_type":"full_time","work_mode":"hybrid","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Chicago, United States"],"countries":["US"],"hiring_countries":[],"hiring_countries_total":0,"salary":{"min":111100,"max":199900,"currency":"USD","period":"year","gross":null,"usd_annual":199900},"salary_estimate":null,"experience_years_min":2,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"Confluence","optional":false},{"name":"Git","optional":false},{"name":"GitHub","optional":false},{"name":"Jenkins","optional":false},{"name":"Jira","optional":false},{"name":"Machine Learning","optional":false},{"name":"Pandas","optional":false},{"name":"Python","optional":false},{"name":"SQL","optional":false},{"name":"Time Series","optional":false},{"name":"Alteryx","optional":true},{"name":"HPC","optional":true},{"name":"Tableau","optional":true}],"status":"closed","first_seen_at":"2026-09-16T00:00:00Z","employer_posted_date":"2026-09-16","last_verified_at":"2026-10-31T08:38:10Z","board_verified":false,"closed_at":"2026-10-31T08:38:10Z","days_open":45,"trust":{"level":"not_scored","repost_count":null,"flags":[],"days_open":45},"description":"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.\nWhat You'll Do:\nThe Associate Principal is responsible for one or more functions within Quantitative Risk Management (QRM) to develop and maintain model performance monitoring. The Senior Associate will collaborate with other quantitative analysts, business users, data & technology staff, and model validation colleagues to implement new analytics and enhance existing tools.\nEssential Duties and Responsibilities:\nTo perform this job successfully, an individual must be able to perform each assigned essential duty satisfactorily:\nMaintain and build data models to ensure information is available in our analytics warehouse for downstream uses, such as analysis and dashboard development\n\nPerform model performance monitoring implementation and testing, including portfolio back-testing using historical data.\n\nReview implementation of model monitoring metrics and algorithms focusing on requirement verification, coding, and testing quality.\n\nWrite and review documentations for model monitoring metrics, prototypes and implementation.\n\nSupport the launch of new products by enhancing monitoring capabilities.\n\nCreate documentation and testing to ensure data is accurate and easily understandable\n\nDiscover and share best practices for data and analytics engineering with members of the team\n\nInvest in your continued learning on data and analytics engineering best practices and evaluate them for fit in improving maintainability and reliability of analytics infrastructure\n\nDevelop Python scripts with Pandas and object-oriented programming to automate data processing\n\nConduct visualization and exploratory analysis using advanced statistical methods\n\nParticipate in model performance monitoring code reviews and troubleshooting\n\nAssist analysts in solving their analytics questions/challenges\n\nSupervisory Responsibilities:\nN/A\n\nQualifications:\nThe requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be provided to enable individuals with disabilities to perform the essential functions:\n[Required] Strong programing skills. Able to read and/or write Python code in a collaborative software development setting.\n\n[Required] Experience with a source code repository system (preferably Git)\n\n[Required] Ability to write and optimize complex analytical (SELECT) SQL queries\n\n[Required] 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\n\n[Required] Comfortable supporting business analysts on high-priority projects.\n\n[Required] High attention to detail and ability to think structurally about a solution\n\n[Required] Strong problem-solving skills: Be able to accurately identify a problem's source, severity, and impact to determine possible solutions and needed resources.\n\n[Preferred] Exposure to data orchestration tools, such as Airflow\n\n[Preferred] Understanding of applied statistics and hands-on experience applying these concepts\n\n[Preferred] Strong quantitative skills, ability to demonstrate deep understanding in the following technical areas:\nFinancial mathematics (derivatives pricing models, stochastic calculus, statistics and probability theory, advanced linear algebra)\n\nEconometrics, data analysis (e.g., time series analysis, GARCH, fat-tailed distributions, copula, etc.) and machine learning techniques\n\nNumerical methods and optimization; Monte Carlo simulation and finite difference techniques\n\nRisk management methods (value-at-risk, expected shortfall, stress testing, backtesting, scenario analysis)\n\nFinancial products knowledge: good understanding of markets and financial derivatives in equities, interest rate, and commodity products.\n\n[Preferred] Model development and prototyping require advanced development skills in Python and database manipulation.\n\n[Preferred] Ability to challenge model methodologies, model assumptions, and validation approach.\n\n[Preferred] Proficiency in technical and scientific documentation (e.g., white papers, user guides, etc.).\n\nTechnical Skills:\n[Required] Experience in a scripting language such as Python is required.\n\n[Required] Experience in office technology such as PowerPoint, Confluence, Jira, Word, and Excel.\n\n[Required] Experience with code repository, build and deployment tools (e.g., Git, GitHub, Jenkins).\n\n[Required] Proficiency in database technology and query languages (such as SQL). Non-relational DB and other Big Data, cloud-based computing experience is a plus.\n\n[Preferred] Experience with Tableau, Dash and Alteryx\n\n[Preferred] Experience with numerical libraries and/or scientific computing is preferred.\n\n[Preferred] Experience with automated quality assurance frameworks for model testing is preferred.\n\n[Preferred] Software design: effective application of design patterns, expertise in object-oriented design\n\n[Preferred] Experience with high performance computing is a plus.\n\nEducation and/or Experience:\n[Required] Master’s degree or equivalent in a quantitative field such as data analytics, computer science, mathematics, physics, finance/financial engineering.\n\n[Required] 2 years of experience in data analytics required\n\n[Preferred] Experience in areas in finance and/or development experience in model implementation and testing.\n\nCertificates or Licenses:\nFRM, CFA, etc., are desirable, but not required.\n\nAbout Us\nThe 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.\nBenefits\nA highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:\nA hybrid work environment, up to 2 days per week of remote work\nTuition Reimbursement to support your continued education\nStudent Loan Repayment Assistance\nTechnology Stipend allowing you to use the device of your choice to connect to our network while working remotely\nGenerous PTO and Parental leave \n401k Employer Match\nCompetitive health benefits including medical, dental and vision\nVisit https://www.theocc.com/careers/thriving-together for more information.\nCompensation\nThe 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. \nIn addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer. \nWe 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\nAll 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.\nSalary Range\n$111,100.00 - $199,900.00Incentive Range\n8% 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.\nStep 1\nWhen you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.\nStep 2\nYou will receive an email notification to confirm that we've received your application.\nStep 3\nIf you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.\nFor more information aboutOCC, please clickhere.\nOCC is an Equal Opportunity Employer","description_format":"text","description_chars":8789,"description_truncated":false,"requirements":{"experience_years_min":2,"management_years_min":null,"team_size_min":null,"manages_managers":false,"education":{"level":"master","optional":false},"security_clearance":false,"languages":[]},"benefits":["401k plan","Equity","Hybrid work","Parental leave"],"hiring_locations":[{"name":"United States","iso":"US","kind":"country"}],"hiring_excludes":[],"relocation_offered":false,"industries":[],"lifecycle":[{"event":"open","at":"2026-10-15T00:56:10Z"},{"event":"close","at":"2026-10-31T08:38:10Z"}],"visa":[{"country":"US","licensed_sponsor":true,"evidence":"H-1B filings in 12 months: 130 · green card filings: 24","filings_12m":130,"filings_prev_12m":106,"green_card_filings_12m":24,"median_offered_wage_usd":155942,"route":null,"cap_exempt":false,"checked_at":"2026-10-29T16:27:21+00:00","sources":["US Department of Labor: LCA disclosure data (H-1B, H-1B1, E-3)","US Department of Labor: PERM disclosure data (green cards)"],"filings_for_role_12m":0}],"liveness":null,"pay":{"stated_usd_annual":199900,"is_top_pay":true},"html_url":"https://alion.io/job/theocc-associate-principal-quantitative-risk-management","json_url":"https://alion.io/job/theocc-associate-principal-quantitative-risk-management.json","meta":{"generated_at":"2026-11-06T00:42:03Z","cache_seconds":300,"methodology":"https://alion.io/methodology","terms":"https://alion.io/terms","contact":"https://alion.io/contact","api":"https://alion.io/developers","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json","usage":{"tier":"crawler_verified","counted_by":"address","units_charged":1,"used_today":1162,"day_limit":null,"remaining_today":null,"minute_limit":300,"resets_at":"2026-11-07T00:00:00Z"}},"offers":[{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.02,"usd":0.002,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"the employer in depth","call":{"mcp_tool":"get_company","arguments":{"id":1768531},"rest":"https://alion.io/mcp/rest/get_company?id=1768531"},"human":"https://alion.io/catalog?offer=company.slices&for=job%2Ftheocc-associate-principal-quantitative-risk-management"},{"id":"market.stats","title":"A market slice: pay, demand and time to fill","status":"live","price":{"credits":1,"usd":0.1},"unit":"per slice","note":"pay, demand and time to fill for this role and place","call":{"mcp_tool":"market_stats"},"human":"https://alion.io/catalog?offer=market.stats&for=job%2Ftheocc-associate-principal-quantitative-risk-management"},{"id":"job.search","title":"Open jobs by role, technology, place, pay and visa","status":"live","price":{"credits":0.02,"usd":0.002},"unit":"per posting in a list","note":"similar open postings","call":{"mcp_tool":"search_jobs"},"human":"https://alion.io/catalog?offer=job.search&for=job%2Ftheocc-associate-principal-quantitative-risk-management"},{"id":"company.verify","title":"Is this company real and active right now","status":"pilot","price":null,"unit":"per company","request":{"url":"https://alion.io/catalog/request","method":"POST","body":"{\"offer\": \"company.verify\", \"for\": \"job/theocc-associate-principal-quantitative-risk-management\", \"note\": \"what you need it for\"}"},"human":"https://alion.io/catalog?offer=company.verify&for=job%2Ftheocc-associate-principal-quantitative-risk-management"}],"agent":{"mcp":"https://alion.io/mcp/jobs","mcp_open":"https://alion.io/mcp/open","next":[{"tool":"get_job","arguments":{"id":2578516}},{"tool":"search_jobs","arguments":{"company":"theocc.com","detail":"compact"}},{"tool":"match_people","arguments":{"job_id":2578516},"note":"people open to offers who fit this vacancy"}],"note":"The same data through MCP tools: https://alion.io/mcp/open needs no sign-in (compact searches, postings, people); https://alion.io/mcp with an Alion account has everything. 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