Overview
The Options Clearing Corporation (OCC) is a pivotal player in the financial services industry, primarily focusing on the clearing of equity derivatives. Established in 1973, OCC has grown to become the world's largest equity derivatives clearing organization. The company is headquartered in Chicago, Illinois, and operates under the stringent oversight 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.
What We Do
OCC's core mission is to promote stability and market integrity through its clearing and settlement services for options, futures, and securities lending transactions. As a systemically important financial market utility (SIFMU), OCC plays a crucial role in the financial markets by ensuring that the transactions are executed smoothly and with minimal risk.
Services Offered
OCC provides central counterparty (CCP) clearing and settlement services to 20 exchanges and trading platforms. Its services are essential for the management of risk in the trading of options, financial futures, securities lending, and security futures.
Working at OCC
OCC offers a dynamic and challenging work environment where innovation and efficiency are highly valued. The company is committed to fostering a culture of continuous improvement and professional growth. Employees at OCC are part of a team that is at the forefront of securing the financial markets.
Culture and Values
OCC values integrity, accountability, and collaboration. The organization strives to maintain a workplace where diversity is embraced, and every employee is respected and given the opportunity to excel. OCC is dedicated to upholding the highest standards of corporate governance and ethical conduct.
Benefits and Perks
Employees at OCC enjoy a comprehensive benefits package that includes health, dental, and vision insurance, a competitive retirement plan, and generous paid time off. The company also offers various professional development opportunities to help employees advance their careers.
Conclusion
For those looking to make a significant impact in the financial services industry, OCC offers a robust platform with ample opportunities for personal and professional growth. The company's commitment to market stability and integrity makes it an ideal place for those who value responsibility and are eager to contribute to the security of the financial markets.