Associate Principal, Third Party Risk Management

Job Title:

Associate Principal, Third Party Risk Management

Location:

125 S. Franklin Street, Suite 1200, Chicago, IL 60606

Duties:

Provide critical support to Third Party Risk Management by executing risk identification, third party risk assessments and mitigation support, as well as preparing management reports and monitoring tools. Work across multiple lines of business to assist with TPRM efforts to analyze, monitor and manage third party relationships in compliance with TPRM procedures. Maintain governance and oversight responsibilities to ensure third parties are properly assessed. Assist with the creation and development of standardized reports, templates and scorecards used to inform management on third party risks. Perform comprehensive financial evaluations of companies using reporting tools such as RapidRatings, and CreditRiskMonitor and collaborate with colleagues to conduct statistical evaluations, financial simulations, and due diligence. Analyze and implement technical standards and knowledge to comply with IIA standards, AICPA consulting standards, state and local financial reporting requirements, and GAAP to realign and optimize companies or business areas in the IT environment (strategy, organizational structure, business processes, systems). Conduct thorough risk assessments including Cybersecurity, and Business Continuity assessments on a regular basis by gathering and evaluating relevant data to provide well-informed suggestions on improvements and modifications to operations. Improve risk reporting protocols by creating an automated, real-time dashboard using Tableau that provides executives with actionable insights, ultimately improving decision-making accuracy. Ensure quality of work performed by other analysts. Assist with TPRM training. 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 systems or related and one (1) year of experience as a risk management associate/analyst, analyst, consultant or related

Special Skills Required:

Must have work experience with each of the following: 1) Perform comprehensive financial evaluations of companies using reporting tools such as RapidRatings, and CreditRiskMonitor and collaborate with colleagues to conduct statistical evaluations, financial simulations, and due diligence; 2) Analyze and implement technical standards and knowledge to comply with IIA standards, AICPA consulting standards, state and local financial reporting requirements, and GAAP to realign and optimize companies or business areas in the IT environment (strategy, organizational structure, business processes, systems); 3) Conduct thorough risk assessments including Cybersecurity, and Business Continuity assessments on a regular basis by gathering and evaluating relevant data to provide well-informed suggestions on improvements and modifications to operations; and 4) Improve risk reporting protocols by creating an automated, real-time dashboard using Tableau that provides executives with actionable insights, ultimately improving decision-making accuracy. Up to 40% telecommuting permitted.

Salary

$103,500-$118,700

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.

What We Offer

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