Year-Round Intern - Stress Testing & Liquidity Risk Management

Intern Position

This position is not eligible for employment sponsorship.

About OCC : A World Class Clearing Organization

OCC is the largest equity derivatives clearing organization in the world. We provide central counterparty clearing and settlement services for equity options, futures, options on futures, and securities lending transactions. We serve approximately 115 clearing members and 15 exchanges including CBOE, Nasdaq, and NYSE.

OCC is building a culture that empowers continued learning, authentic innovation, and constant creativity.

About the Intern Program :

OCC is looking for interns who are hungry for the chance to learn more, humble enough to admit they don't know all the answers, and smart enough to recognize the opportunity. The OCC Internship Program provides students with the real-world skills to successfully transition into a career in the financial services industry. As an intern, you will help lead projects that help shape the future of OCC. This person will apply their skill set and knowledge toward tackling designated projects. This is an exciting opportunity to have a true impact on the company by designing and implementing solutions for real challenges facing the business. Here's what we're looking for :

Projects and Responsibilities :

• Prepare and distribute daily reporting summarizing stress exposures focusing on credit and liquidity risk.
• Execute monthly reporting that is presented to the Stress Test Working Group.
• Build reporting and analytics focused on products (AAPL options, SPX, options, etc.) and how those products are treated within stress testing.
• Analyze results and draft detailed summaries of exposures for specific clearing members across both the stress testing and margin risk domains.
• Assist in the refactoring of existing reports in preparation of the launch of Ovation, the new Clearing and Risk system for OCC.

Candidate Qualifications :

What knowledge and skills will the intern gain from this internship?

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.

A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include :

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 to allow 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.