Business Analyst - FRM Chicago/en-US/careers/job/Chicago/Business-Analyst---FRM_REQ-1093/apply Job Details: Summary: The Business Analyst performs a broad array of Risk Management functions.nbsp; Responsibilities include all processes supporting integrity of price data (used for Risk Management and Core Clearing processes) and all processes to support SEC and CFTC regulated customer margin / haircut programs (Risk Based Haircuts, Customer Portfolio Margins, OFRA/SPAN).nbsp; The Business Analyst performs multiple functions supporting STANS (OCCs proprietary risk management methodology), and will also perform periodic review and evaluation of OCC's collateral haircuts. Primary Duties and Responsibilities: To perform this job successfully, an individual must be able to perform each primary duty satisfactorily. * Analyze market prices for all products cleared by OCC or part of an OCC supported process, and update where appropriate.nbsp; Analysis is performed using proprietary OCC tools/applications which assist in identifying and correcting instances of price arbitrage and other price irregularities.nbsp; Products include equities, indices, and derivatives traded on US and global markets, as well as all pricing inputs (dividends, interest rates, exchange rates, etc).nbsp; * Monitor and support daily and on-going production processes.nbsp; Correct issues as discovered or escalate to management for direction, while observing standards for accuracy and timeliness.nbsp; * Support and administer SEC and CFTC regulated programs related to customer margin (CPM and SPAN)/ haircut calculations (RBH).nbsp; Evaluate products to ensure eligibility standards for inclusion are met and determine appropriate treatment (i.e. stress levels, offsets).nbsp; Maintain and develop parameter files for RBH/CPM and SPAN. * Perform daily evaluation of futures margin coverage and report results to department. * Maintain daily price history and calculate margin rates for futures as required. * Answer questions from and support clearing members, participants in OCC administered regulatory programs and the general public. * Provide detailed explanation of OCCs risk management framework to external parties and describe interaction with supported regulatory programs. * Conduct miscellaneous studies and analysis for senior management under direction of supervisor. * Support system development from a business user perspective by coordinating with multiple departments (i.e. application developers, quantitative risk analysts) to enhance system performance and functionality. * Perform activities related to Monte Carlo simulation update process supporting OCCs margin methodology (STANS).nbsp; Ensure accuracy of system parameters. * Provide accurate and timely information to management and external parties (e.g. exchanges, regulators, clearing members, investing public) regarding market and statistical data relating to OCC-cleared products. * Monitor equity, currency, commodity and treasury markets for excessive volatility and special situations that may impact OCCs and/or clearing members financial resources. * Develop and maintain written procedures for Pricing and Margins departmental processes. * Perform other duties as assigned. * Occasional travel required. Supervisory Responsibilities: N/A Qualifications: The requirements listed below are representative of the knowledge, skill, and/or ability required.nbsp; Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions. * Strong verbal and written communication skills.nbsp; Comfortable working in a customer service oriented environment and addressing questions from OCC colleagues, exchange amp; market participants and the general public.nbsp; Good listening skills and ability to contribute to discussions with management from various departments. * Self-directed and motivated to solve urgent problems by conducting ad hoc analysis and/or reaching out to other departments as necessary. * Ability to work both independently with little direction or oversight and in a team-oriented collaborative environment. * Good organization skills; must be detail oriented. * Comfortable performing data validation and reconciliation. nbsp; * Ability to work well under pressure with multiple priorities and time-sensitive deadlines. * Strong understanding of securities and futures markets and derivative valuation. * Strong understanding of statistical concepts (i.e. VaR, Expected Shortfall, Student-T and Normal Distributions). Technical Skills: * Strong PC skills; comfortable with Windows environment. * Highly proficient in Microsoft Excel, including experience using lookups and pivot tables.nbsp; Comfortable performing data analysis and manipulation on large, complex sets of information with little oversight. * Proficient in Microsoft Word and PowerPoint.nbsp; * Experience using Bloomberg and/or Thomson Reuters desk-top client, and ability to connect these tools to excel is a plus. * Familiarity with relational databases and ability to modify amp; execute SQL using appropriate query tools (e.g. R, TextPad, SQuirreL, Tableau) a plus.nbsp; Education and/or Experience: * Bachelors degree in Finance, Economics, or related field; MBA, Masters degree in Finance or related field or demonstrable progress towards MBA or Masters degree a plus. * Previous experience in back office operations or risk management, minimum 2 years preferred. Certificates or Licenses: N/A Step 1 When you find a position you're interested in, click the 'Apply' button. Please complete the application andnbsp;attach your resume.nbsp;nbsp; 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.nbsp; For more information about OCC, please click here OCC is an Equal Opportunity Employer Posted TodayFull timeREQ-1093 OCC is the world's largest equity derivatives clearing organization and the foundation for secure markets. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2016 Clearinghouse of the Year - The Americas by FOW Magazine and 2016 Clearinghouse of the Year by Global Investor/ISF Magazine, OCC now provides central counterparty (CCP) clearing and settlement services to 20 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com.