Associate Principal, Regulatory Compliance
Chicago, IL  / Dallas, TX 
Posted 4 days ago
Job Description

What You'll Do

This role will support and drive a team ensuring OCC's business units demonstrate compliance with regulatory obligations. This role is highly focused on review of the organization's compliance with applicable regulatory and legal rules and requirements (i.e., SEC CCA, CFTC DCO, Federal Reserve, etc.). Primary responsibilities include supporting and driving the team in maintaining OCC's legal framework, monitoring changes to internal processes that may impact the organization's regulatory compliance posture, advising business units on regulatory compliance matters, including examinations and audits, advising business units on remediating regulatory and audit findings, and reviewing company policies, procedures, and controls. This role will be responsible for identifying, recommending, supporting and driving enhancements to the performance, integrity, and compliance of the organization's processes. This role will drive and support the continued development and implementation of the compliance programs which includes: developing and driving compliance strategies, process (also policy and procedure) and control development, risk identification and mitigation, and supporting regulatory exams. This role is highly focused on supporting and driving reviews of the organization's compliance with applicable regulatory and legal rules and requirements (i.e., SEC, CFTC, Federal Reserve, etc.).

Primary Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

  • Support and drive a team that will identify and establish processes (including policies and procedures), controls and tools required to provide regulatory advisory services for the business units

  • Support and drive a team to provide regulatory advisory services concerning financial risk management (including credit risk, liquidity risk, model risk, stress testing, default management, etc.), clearing and settlement, enterprise risk management (including operational risk, third party risk management, etc.), corporate finance (including accounting, finance, treasury, etc.) and other general business practices

  • Provide guidance to first line of defense (business units) related to effective demonstration of compliance with regulatory obligations covering their areas

  • Provide guidance to the business on the development and implementation of effective remediation plans to address internal or external findings

  • Assist business units with the identification, understanding, and development of processes, policies, procedures, and controls that effectively demonstrate compliance with regulatory obligations

  • Assist the compliance monitoring program in support of providing frequent and highly professional reports to the CCO, executive management, and the Board of Directors

  • Interact and communicate in a highly effective, professional, and insightful manner with business colleagues within the company and third parties such as external auditors and regulators

  • Exhibit and foster a strong compliance culture across all staff members

  • Exhibit and foster strong collaboration across OCC's control functions (i.e., internal audit, enterprise risk management, compliance, model validation)

  • Assist in the writing of the annual compliance report, as well as other ad hoc and regularly occurring reports

  • Keep abreast of changes in regulatory environment and industry best practices/frameworks

  • Perform reviews of OCC's legal framework, including updating referenced policies, procedures, and controls that evidence compliance with regulatory obligation

  • Ability to independently produce and deliver education on regulatory compliance topics

  • Assist with remediating regulatory and Internal Audit findings, including collecting data to identify root cause of problems, identifying trends, and formulating solutions

  • Assist with collection of documents and other preparation as part of the exam management process

  • Perform ad-hoc duties for Compliance management as necessary

Supervisory Responsibilities:

  • None


The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.

  • [Required] Strong working knowledge of securities and commodities rules and regulations. (i.e., SEC, CFTC, etc.)

  • [Required] Strong working knowledge of compliance related best practices

  • [Required] Experience in risk and control frameworks, and process improvement frameworks

  • [Required] Working knowledge of the financial industry

  • [Required] Excellent organizational and communication skills

  • [Required] Comprehensive analytical, conceptual and problem-solving skills

  • [Required] Ability to support policy and procedure management, process and control management, testing, monitoring, risk assessment, and findings management

  • [Required] Ability to manage and prioritize assignments and respond to rapidly shifting priorities

  • [Required] Ability to work independently and as a member of a team, collaborating with internal business clients at various levels of seniority

  • [Required] Must be able to work under deadlines and manage multiple tasks

  • [Required] Strategic thinker, with strong conceptual and problem-solving skills

Technical Skills:

  • [Required] Proficiency with MS Office software

  • [Preferred] Experience using an integrated risk management system (such as RSA Archer), Document Management tools, and reporting tools

  • [Preferred] Experience using an integrated risk management system (such as RSA Archer)

  • [Preferred] Experience using NAVEX Global and PolicyTech

Education and/or Experience:

  • [Required] Bachelor's Degree in Accounting, Business, Economics, Finance, other business and finance-related discipline or Information Systems, Computer Science or related discipline

  • [Preferred] Masters degree preferred]

  • [Required] 3+ years of experience

  • [Preferred] Experience working in compliance, audit, or risk for a financial services company

  • [Preferred] Familiarity with the Securities Exchange Act of 1934 and the Commodity Exchange Act

Certificates or Licenses:

  • [Preferred] CPA, CFA, CIA, CFE, etc.

Who We Are

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

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 to use the device of your choice to connect to our network while working remotely

Generous PTO and Parental leave

Competitive health benefits including medical, dental and vision

Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application andattach your resume.

Step 2
You will receive an email notification to confirm that we've received your application.

Step 3
If 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 , please click .

OCC is an Equal Opportunity Employer


Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
3+ years
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