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The Options Clearing Corporation

Financial Risk Management Product Summer Intern at The Options Clearing Corporation

The Options Clearing Corporation Chicago, IL

Job Description

*****THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP**********INTERNS AND SEASONAL INTERNS ARE ELIGIBLE ONLY FOR PAID SICK LEAVE ACCRUED BASED ON HOURS WORKED. NO OTHER BENEFIT INCLUDING TECHNOLOGY STIPEND APPLY TO INTERNS OR SEASONAL INTERNS*****About OCC: A World Class Clearing OrganizationOCC 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:Review existing processes and establish test cases for obtaining financial resultsReconcile results from Encore platform to Ovation platformIdentify opportunities for automation of test casesCandidate Qualifications:Desired major(s): Economics, Finance, Accounting, Computer ScienceDesired year in school: Rising Junior and Rising SeniorTechnical experience desired: ExcelPrefer prior experience in any financial institutionWhat knowledge and skills will the intern gain from this internship?Gain knowledge and skills with the Financial Risk Management product team in defining product strategies for new and existing products, ensure timely and accurate delivery, reconcile financial results from existing platform to new systemsAbout UsThe 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.CompensationThe 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.Salary Range$25.00 - $25.00Incentive RangeThis 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 1When you find a position you're interested in, click the 'Apply' button. Please complete the application andattach your resume.Step 2You will receive an email notification to confirm that we've received your application.Step 3If 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 about OCC, please click here.OCC is an Equal Opportunity Employer

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