The Options Clearing Corporation
Associate Principal, Operational Risk Management and Controls
Chicago - 125 S Franklin · Principal
Stay score
odds of building a lasting career here
Sponsors, but it's cap-subject — you still face the weighted lottery (~45% per draw at Level III). Good if you win; have a cap-exempt backup on your list.
Lottery odds assume a STEM candidate.
Personalize to your clock →H-1B wage level
the lottery is wage-weighted — each level is one more entry
$8,708 more — $106,808 — moves this role to Level II and 2 lottery entries. That figure is inside the range the employer already advertised.
Based on the DOL prevailing wage for this occupation and worksite, a base salary of $106,808 would place this position at wage Level II. That figure is within the posted range, and I'd like to target it. This role classifies under "Information Security Analysts" for prevailing-wage purposes.
DOL prevailing wage, 2026-27 wage year · Information Security Analysts (15-1212) · Chicago-Naperville-Elgin, IL-IN. Wage level is derived by USCIS from the offered wage, occupation and worksite; the occupation shown is inferred from the job title.
Employer immigration record
from this employer's Department of Labor filings
Green-card follow-through: 85%
Files H-1B transfers
Sourced from Department of Labor LCA, PERM and prevailing-wage disclosure data. Employer matching is by name, so figures may be split across an employer's legal entities. Absence of a filing means none appears in our copy of the data, not that none exists.
Community outcomes
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About the role
- To be considered for this position, applications and resumes are accepted only through our careers site by directly applying to the posted job.
- We do not accept unsolicited resumes or sales solicitations from staffing agencies.
- Any OCC employee wishing to submit a referral must do so through their Workday account.
Responsibilities
- This role will provide critical support to the Director of Operational Risk to evaluate IT and Security risks by assisting with risk assessments and applying aspects of the risk management framework across the process, risk, and control universe.
- The ORM team is a dedicated group of professionals focused on developing and executing second line of defense oversight responsibilities for OCC.
- Collaborate with IT, Security, TPRM, Legal, Compliance, and Internal Audit to ensure that ORM contributes to strengthening the overall effective management of IT and Security risk across the organization.
- Lead the OCC's risk identification and assessment process (Risk Intake) for IT, Security and business risks, and verify the consistency and reliability of the associated frameworks and systems.
- Drive adherence to methodologies, guidance, and standards applicable to risk identification and assessment frameworks.
- Maintain risk inventories, taxonomies, and other elements supporting IT & Security risk management and compliance activities
- Lead and execute the IT and Security risk assessment process, while aligning to the risk and control universe, and regulatory requirements and expectations.
- Collaborate on the enhancement and maintenance of ORM program methodologies, policies, procedures, and job aides, including the development of new program activities.
Requirements
- The requirements listed are representative of the knowledge, skill, and/or ability required.
- [Required] Advanced understanding of IT risk, Security risk, and intermediate understanding of Operational risk
- [Required] Ability to act as a trusted advisor and provide effective challenge
- [Required] Creative, independent thinker, with a willingness to develop and drive new ideas
- [Required] Excellent written, verbal and presentation skills
- [Required] Must be team-oriented and be able to collaborate effectively in department and cross-departmental efforts
- [Required] Ability to work under pressure and with tight deadlines
- [Required] Proficient in Microsoft Word, Excel, Access, and PowerPoint
- [Required] Experience with eGRC systems (e.g., Archer)
- To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
- [Preferred] Familiarity with Financial Market Utilities; securities and derivatives markets
- [Preferred] Ability to work in a highly regulated environment, including with the SEC, CFTC, and Federal Reserve; Familiarity with the Covered Clearing Agency regulations
- [Required] Bachelor's Degree in Finance, Business, Information Systems, Computer Science (or equivalent) preferred
- [Required] 3+ years of experience in enterprise risk, technology risk, security risk, or risk consultancy, specifically with focus on assessing IT and Security risk
- [Preferred] Consulting experience
Nice to have
- [Preferred] Familiarity with Financial Market Utilities
- securities and derivatives markets
- [Preferred] Ability to work in a highly regulated environment, including with the SEC, CFTC, and Federal Reserve
- Familiarity with the Covered Clearing Agency regulations
Compensation
- 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
- $98,100.00 - $142,000.00
- Incentive Range
Benefits
- A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness.
- Tuition Reimbursement to support your continued education
- 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
Company info
- 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.
- 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.
- 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.
Equal opportunity
- OCC is an Equal Opportunity Employer
This listing is sourced directly from The Options Clearing Corporation's careers page and normalized into a canonical job model.