Summer Intern – Credit Risk Management

Location: Chicago - 125 S Franklin

• ****THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP*****

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.

• ****INTERNS AND SEASONAL INTERNS ARE ELIGIBLE ONLY FOR PAID SICK LEAVE ACCRUED BASED ON HOURS WORKED. NO OTHER BENEFIT INCLUDING TECHNOLOGY STIPEND APPLY TO INTERNS OR SEASONAL INTERNS*****

Location: Chicago or Dallas

Internship type: Seasonal intern (12 weeks, summer 2027)

Hybrid Work Program

OCC operates under a Hybrid Work Program which, absent an approved exception, requires employees to work from an OCC office at least 3 days per week. To maximize in–person collaboration, Tuesday and Wednesday are considered anchor days, and all employees are expected to work in the office both days. Employees meeting performance expectations are generally permitted to select 2 other days per week to work remotely if desired. When working remotely, employees are generally expected to work from the state in which they reside, absent an exception approved by Human Resources. Additionally, OCC generally does not permit employees to work while traveling internationally.

About OCC

A World Class Clearing Organization

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 21 exchanges and trading platforms.

OCC also provides free and engaging educational resources about the benefits and risks of options through its Options Industry Council (OIC).

OCC is building a culture that empowers continued learning, authentic innovation, and constant creativity.

About the Intern Program

OCC is looking for interns who are eager to learn, humble enough to ask questions, and ready to think critically about complex problems. The OCC Internship Program equips students with the real-world skills needed to transition successfully into a career in financial services. As an intern, you will contribute to meaningful projects, applying your skills and knowledge to real challenges facing the business. Your time with us is a real opportunity to make a genuine impact on the future of OCC!

OCC's Summer Internship Program is a 12-week opportunity running either May through August or June through September, and is open to undergraduate and graduate students who are actively enrolled at a college or university. Interns work up to 40 hours per week in a hybrid work environment, and overtime is not permitted.

About the Team & Role

Credit Risk Management (CRM) sits within OCC's Financial Risk Management (FRM) division and is responsible for safeguarding OCC from counterparties such as Clearing Members, banks, pension funds, investment counterparties, and financial market utilities that exhibit elevated credit or operational risk or lack sound risk management programs. The team manages the full counterparty lifecycle from onboarding, monitoring, risk examinations, and off boarding.

An intern on CRM would get hands-on exposure to a live counterparty risk function and contribute to the team’s mandate of managing counterparty risk. Depending on team needs, the intern would be paired with CRM staff, exposed to senior stakeholders, and given direct visibility into how OCC's first line of defense manages counterparty credit risk in practice.

Job Summary & Responsibilities

Supporting due diligence and financial statement analysis for Clearing Member or bank on-boarding applications.

Assisting with Watch Level surveillance: pulling and reviewing financial/operational data to help identify emerging risk trends.

Helping prepare materials for Clearing Member risk examinations (questionnaires, document requests, findings write-ups).

Contributing to analysis and or reporting to management.

Assisting with special projects (e.g., process enhancements, data transformation, code reviews, dashboard design, or credit rating model support) alongside Analysts and Associates on the team.

Candidate Qualifications

Rising senior or second-year graduate student, graduating December 2027 or May/August 2028.

Desired Majors

Bachelor’s degree: preferably in Finance, Economics, Accounting, Risk Management, or a computational & quantitative major.

Technical Skills/Experience Desired

Proficient in Microsoft Office, including Excel experience using lookups and pivot tables to perform data analysis, and comfortable developing PowerPoint presentations

Ability to read and understand financial statements

Excellent organization skills – must be detail oriented

Strong verbal and written communication skills

Familiarity with large relational data sets, programing languages (SQL, python, java), and data visualization tools preferred

Additional Qualifications

Demonstrated analytical and problem-solving skills and the ability to work in a collaborative environment

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 transac