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Chicago, Illinois, United States
Hybrid
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. Any resume submitted outside of an active job posting will not be considered for employment.
What You'll Do:
The Product Owner at the OCC will be responsible for maximizing the value of the Products delivered to our stakeholders by representing business interests, working with our technology teams to determine requirements, creating a product roadmap for development, and prioritizing the work. The Product Owner will work in a hybrid agile methodology collaborating with cross-functional teams. The Product Owner must ensure that the technology teams understand and are aligned with the Product vision and that OCC leadership is kept aware of Product progress and status.
Primary Duties and Responsibilities:
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
This person will work with key stakeholders to understand current systems and capabilities and participate in recommendations to enhancements needed to be at the leading edge of risk management solutions. The projects related to those enhancements would be led by this individual to ensure successful implementation and conclusion. This person will ensure that the OCC’s processes and controls are followed and consistently improved.
Stakeholder Engagement and Management
Act as a primary point of contact for Financial Risk Management and other stakeholders regarding the product backlog and product development
Interact with internal and external stakeholders to understand their needs and ensure that they are reflected in the product backlog
Elicit, Interpret, lead requirement workshops with vendors, stakeholders, and/ or product owners; assist in the development of backlog items and acceptance criteria
Maintain direct communications with senior and middle management
Coordinate preparation of materials for Management Committee, Board of Directors and Regulatory meetings as needed
Product Leadership
Maintain Product Vision and Roadmap
Understand regulatory requirements and drivers impacting development goals and plans
Evaluate product changes and recommend needed process and system changes
Collaborate with cross-functional teams to define and prioritize the product backlog
Refine the product backlog to ensure that it is ready for development
Seek to optimize product delivery in the most cost-effective manner
Product Delivery
Collaborate with technology partners and teams to drive strategic plans for OCC’s system development, integration and deployment
Work with the Project Owners/Managers, Technology Lead, and Scrum Master to ensure that the teams are following the hybrid agile methodology and that any issues are addressed in a timely manner
Collaborate with Model Risk Management and Quantitative Risk Management staff to ensure all models and methodologies are appropriately validated as part of any change management or annual validation activities
Product Integrity
Ensure that the product backlogs are transparent, visible, and understood by all stakeholders
Ensure there is a clear traceability of requirements to deliverables
Ensure the product complies with all non-functional requirements
Comply with all product delivery controls and procedures
Quality Management
Continuously monitor and evaluate the product backlog to ensure that it is meeting stakeholder needs and delivers value
Identify scope gaps and missing requirements by acquiring an in-depth understanding of current state capabilities (i.e., legacy system) and future state needs
Proactively identifies and escalates risks and issues to the leadership team
Monitor vendor performance (where applicable) against statements of work
Meet complex business needs in an efficient, flexible, and ever-improving manner
Team Leadership
Indirectly supervise product team members matrixed from across business and internal technology teams
Foster a diverse and inclusive workplace
Perform other duties as assigned
Light travel may be required
Supervisory Responsibilities:
None
Qualifications:
The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the primary functions.
Previous experience as a Product Owner in a hybrid agile methodology is required
Strong understanding of Agile product management methodologies and product development processes
Excellent communication, collaboration, and presentation skills
Ability to work effectively with and lead cross-functional teams
Strong analytical and problem-solving skills
Demonstrated ability to gather, analyze, and evaluate facts, and prepare and present concise oral and written reports
Ability to prioritize and manage multiple tasks and projects simultaneously
Ability to work independently in a fast-paced, dynamic environment
Must be able to work under deadlines and manage multiple tasks
Self-directed; Ability to work both independently with minimal direction or oversight in a team-oriented, collaborative environment
Experience working in the financial services industry with deep understanding of Options and Derivatives markets
Solid understanding of Risk and P&L attribution; Margins processing; Referential Data; Market Data; Timeseries
Strong knowledge in multiple asset classes (equities, interest rates, volatility, commodities, foreign currencies, etc.)
Experience with central counterparty clearing & settlement of derivatives and regulated capital markets infrastructure
Willingness to roll up your sleeves and do whatever is necessary
Technical Skills:
Proficiency using Jira, Confluence, Tableau and Microsoft Office applications.
Strong data analysis skills using SQL and MS-Excel, coupled with familiarity in Data Modeling concepts
Ability to work closely with Quantitative Finance, Engineering (Software, Data, Quality, Platform), UX/UI teams
Strong in tech parlance to decompose complex Product requirements to Development team
Nice-to-have: Familiarity with programming, APIs, Systems Integration, Atomic UC4 skills
Education and/or Experience:
Bachelor’s degree (or equivalent) in relevant fields including Accounting, Finance, Computer Science, Management Information Systems, Engineering among others
MBA, MS or equivalent graduate degree in a relevant field preferred
10+ years of financial risk management experience leading teams and building robust business processes
2+ years of product management experience, preferably with Risk Management products and capabilities
Demonstrated experience with ensuring effective process change management
7+ year experience in financial services / regulated capital markets infrastructure. Experience with an exchange, regulator or clearing house preferred
Certificates or Licenses:
None Required
About Us
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 www.theocc.com.
Benefits
A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:
Visit https://www.theocc.com/careers/thriving-together for more information.
Compensation
Salary Range
$129,800.00 - $184,500.00Incentive Range
8% to 15%This 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 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach 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 OCC, please click here.
OCC is an Equal Opportunity Employer