Principal, Quantitative Risk Management

The Options Clearing Corporation (OCC)

Base: $177,300.00 - $288,400.00; bonus/equity: dis...
Hybrid
Derivatives pricing models and stochastic calculus
Advanced programming in python, java, or c++
Risk management methods including var and stress testing
This role leads the development and implementation of critical models used for margin, clearing funds, and stress testing at the Options Clearing Corporation

Job Summary

  • This role leads the development and implementation of critical models used for margin, clearing funds, and stress testing at the Options Clearing Corporation.
  • The position requires seasoned expertise in financial mathematics, econometrics, and numerical methods to support new product analysis and regulatory compliance.
  • OCC offers a hybrid work environment, tuition reimbursement, student loan repayment assistance, and a competitive salary range up to $288,400.

Matching Summary

This role leads the development and implementation of critical models used for margin, clearing funds, and stress testing at the Options Clearing Corporation.

Salary

Base: $177,300.00 - $288,400.00; Bonus/Equity: Discretionary incentive award target 23% to 30%; Benefits: Hybrid work, tuition reimbursement, 401k match

Skills & Requirements

Must-have

  • Derivatives pricing models and stochastic calculus
  • Advanced programming in Python, Java, or C++
  • Risk management methods including VaR and stress testing
  • Numerical optimization and Monte Carlo simulation
  • Database technology and SQL query languages

Nice-to-have

  • Experience with high performance computing and cloud
  • Knowledge of machine learning techniques
  • Ability to challenge model methodologies and assumptions
  • Strong problem-solving and technical documentation skills

Key Requirements

  • Master's degree in quantitative field required
  • 10+ years of quantitative research experience
  • 2+ years of project leadership experience
  • PhD preferred in computer science, math, physics, or finance

Work Rights

Not specified

Tailored Resume

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