Associate, Collateral Services
The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. They are seeking an Associate in Collateral Services to perform transaction processing, interact with clearing members and banks, and assist in audits and policy writing.
Responsibilities
- Perform accurate transaction processing and activity monitoring in the areas of collateral, settlement and stock loan in accordance with OCC rules, policies and procedures
- Interact with clearing members, banks and exchanges daily to help optimize the processing of collateral, settlement, and stock loan
- Perform audits related to department functions and assist management in responding to internal and external audits requests
- Assist in the writing and reviewing of OCC policies and procedures
- Provide training and leadership to Collateral Services staff members
- Accurately monitor and process collateral, settlement, and stock loan activity using OCC’s proprietary systems (such as Encore), multiple external bank systems, and other depository systems
- Analyze collateral, settlement, and stock loan data by utilizing internal and external systems; present results in a professional and enriching manner to management and external parties
- Interact daily with internal and external participants (including but not limited to co-workers, departments, clearing members, banks, and exchanges) by responding to inquiries and problems
- Review applicable rules, agreements, policies and procedures and perform scheduled audits to ensure the integrity of collateral
- Assist in the development and maintenance of OCC policies, Collateral Services procedures and training guides by writing, updating, and reviewing them
- Adhere to OCC’s policies, procedures, and rules
- Assist in various ad-hoc and corporate projects as assigned by management
- Other duties as assigned
Skills
- Excellent oral and written communication skills
- Excellent customer service skills
- Ability to solve problems
- Ability to multitask in a dynamic environment
- Ability to interact in a professional manner with internal and external participants (including but not limited to co-workers, management, clearing members, banks, and exchanges)
- Ability to cover various shifts and work overtime, including weekends if conditions warrant
- Working knowledge of Microsoft Word, PowerPoint, and Excel (managing data, formulas, pivot tables, macros and lookup functions)
- Bachelor's degree in Accounting, Finance, or a related discipline or an equivalent combination of education and or experience
- 1 – 3 years of related work experience preferred
Benefits
- A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness.
- 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 to use the device of your choice to connect to our network while working remotely
- Generous PTO and Parental leave
- 401k Employer Match
- Competitive health benefits including medical, dental and vision
Company Overview