Lead Associate Principal Product Owner, Financial Risk

The OCC

Confirmed live yesterday High trust
Hybrid

Quick summary

Work type
Hybrid
Location
Chicago, IL
Salary
$129,800–$184,500 / yr
Posted
43 days ago
Freshness
Confirmed live yesterday

Market check

Salary context

Competitive pay

How this pay compares to similar roles

Similar $178k
This role $157k
$119k most similar roles pay here $234k

This role pays less than 66% of similar roles. Most pay $140,550–$214,500 — the shaded band above. At the midpoint, this role pays about $157k versus about $178k for comparable roles.

Based on 239 similar postings.

Employer

About The OCC

The OCC (Options Clearing Corporation) is the world''s largest equity derivatives clearing organization, acting as issuer and guarantor for options and futures contracts to promote stability and market integrity. Industry: Financial Clearing & Derivatives

The OCC currently has 23 open roles on FindRole.

Listed pay typically runs $122,900–$168,750 across 22 roles with salary data.

Most-posted roles

View all roles at The OCC

At a glance

TL;DR · Lead Associate Principal Product Owner, Financial Risk

Lead Associate Principal, Product Owner (Financial Risk) serves as a pivotal link between business stakeholders and technology teams to maximize product value within the financial risk management domain. This role involves managing the product roadmap, prioritizing backlogs, and ensuring alignment with the product vision while navigating complex regulatory requirements. The individual will lead requirement workshops, oversee system enhancements, and collaborate with cross-functional teams using hybrid agile methodologies. Key responsibilities include coordinating with Model Risk Management and Quantitative Risk Management to validate models during change management. Candidates must possess expertise in options and derivatives markets, risk and P&L attribution, and various asset classes. Required technical skills include proficiency in Jira, Confluence, Tableau, SQL, and MS-Excel. The role addresses critical challenges in capital markets infrastructure, specifically focusing on the development of robust systems for risk management solutions.

What you'll do

  • Define and maintain the product vision, roadmap, and development goals based on regulatory requirements.
  • Act as the primary point of contact for stakeholders to gather requirements and manage the product backlog.
  • Lead requirement workshops with vendors and internal stakeholders to develop acceptance criteria.
  • Collaborate with technology teams to oversee system development, integration, and deployment using hybrid agile methodologies.
  • Ensure all products comply with non-functional requirements, internal controls, and risk management validations.
  • Monitor vendor performance against statements of work and proactively escalate risks to leadership.
  • Translate complex business needs into technical requirements for the engineering and development teams.

What we're looking for

  • Bachelor’s degree or equivalent in fields such as Accounting, Finance, Computer Science, MIS, or Engineering.
  • MBA, MS, or equivalent graduate degree in a relevant field preferred.
  • 10+ years of financial risk management experience leading teams and building business processes.
  • 7+ years of experience in financial services or regulated capital markets infrastructure.
  • 2+ years of product management experience, preferably with Risk Management products.
  • Experience as a Product Owner in a hybrid agile methodology.
  • Expertise in Options and Derivatives markets, including risk, P&L attribution, and multiple asset classes.
  • Proficiency in Jira, Confluence, Tableau, SQL, and MS Excel.

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