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Associate Principal, Business Analysis

Please Note: This Position Is Not Eligible For Visa Sponsorship

What You'll Do:

OCC is seeking an individual who would be responsible for discovering, synthesizing, and analyzing information from a variety of internal and external sources, including tools, processes, documentation, and stakeholders. The ideal candidate is a proven change agent that demonstrates the ability to solve complex problems through logical, digestible solutions that deliver key value to our stakeholders.

Additionally, this individual must be comfortable communicating to all levels of the organization as well as inside and outside the organization. Skills that are foundational to the success of this role include, but are not limited to, communication, analytical, problem solving, process modelling, facilitation, elicitation, scope management, leadership, agile and a consultant mindset.

Primary Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

  • Act as a partner to both the business and the technology teams

  • Identify scope gaps and missing requirements by acquiring an in-depth understanding of the current state (i.e., legacy system) and future state

  • Identify product team dependencies and plan for resolution

  • Work cross-functionally to analyze and define key stakeholder business needs

  • Perform requirements analysis, story decomposition, system integration analysis, and data flow design

  • Regularly engage in agile activities including sprint planning and backlog grooming.

  • Act as an advisor to the Product owner regarding next steps and approvals

  • Build high quality user stories and acceptance criteria; work with scrum team to refine user stories

  • Provide requirement and design support to scrum team

  • Support development of user interface requirements and design by collaborating with UI/UX tools and teams

  • Support or develop test plans and test cases; participate in test results verification

  • Assist in building cross-team collaboration and define acceptance criteria for integrated components

  • Adhere to analysis best practices for epics and user stories

  • Assists in developing and maintaining policies, standards, guidelines and documentation to ensure that a consistent framework is applied across the enterprise

Supervisory Responsibilities:

  • None

Qualifications:

The requirements listed are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.

  • [Required] Experience in Agile and software development

  • [Required] 5+ years of experience in business system analysis or related experience

  • [Required] Preferred business experience in clearinghouse activities and/or within the field of Fintech.

  • [Required] Flexibility working with remote teams in alternate time zones

  • [Required] Self-motivated and self-starting, working with little supervision and picking up new and unfamiliar concepts

  • [Required] Experience using Confluence and Jira

  • [Required] Experience with process modeling tools such as Visio, Draw.io and Figjam

  • [Required] Experience with data mapping and translation techniques

  • [Required] Experience in data analysis for designing new and enhanced reports

Technical Skills:

  • [Required] Knowledge and/or vested interest in event driven applications, streaming and batch analytics technologies

  • [Required] Experience working with relational data models and databases (SQL, REST API Development)

  • [Required] Experience with designing and building reports using data transformation tools (Tableau Prep, Alteryx, etc.) and business intelligence tools (Tableau, Power BI, Business Objects, etc.)

  • [Required] Knowledge and/or vested interest in complex data analytics supported by python and R

  • [Preferred] Familiar with service-oriented architecture using REST API’s to access JSON or Protobuf messages over Kafka.

  • [Preferred] Knowledge and/or vested interest in cloud technologies; experience working with AWS

Education and/or Experience:

  • [Required] Bachelor’s degree

  • 5+ years of experience

  • [Preferred] MBA/MS degree (Information Systems)

Certificates or Licenses:

  • [Preferred] CCBA, CBAP, AAC, and/or any related certification

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.

What We Offer

A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:

  • A hybrid work environment, up to 2 days per week of remote work
  • Tuition Reimbursement to support your continued education
  • Student Loan Repayment Assistance
  • Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
  • Generous PTO and Parental leave
  • Competitive health benefits including medical, dental and vision

Benefits

A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:

  • A hybrid work environment, up to 2 days per week of remote work
  • Tuition Reimbursement to support your continued education
  • Student Loan Repayment Assistance
  • Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
  • Generous PTO and Parental leave
  • 401k Employer Match
  • Competitive health benefits including medical, dental and vision

Visit https://www.theocc.com/careers/thriving-together for more information.

Compensation

  • The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
  • In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
  • We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
  • All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.

Salary Range

$98,300.00 - $136,500.00

Incentive 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

Average salary estimate

$117400 / YEARLY (est.)
min
max
$98300K
$136500K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Associate Principal, Business Analysis, The OCC

Are you ready to take the next step in your career as an Associate Principal of Business Analysis with the Options Clearing Corporation (OCC) in Chicago? In this dynamic role, you'll dive deep into discovering and analyzing critical information gathered from various sources, collaborating closely with both business and technology teams. Your ability to navigate complexities and provide clear, actionable solutions will be key to delivering exceptional value to stakeholders. The ideal candidate will be a skilled communicator, comfortable engaging with all levels of the organization while demonstrating a rich blend of analytical prowess and creativity. You’ll tackle a variety of responsibilities from identifying scope gaps to conducting requirements analysis and supporting scrum teams in an agile environment. Your experience in fintech or clearinghouse activities will definitely be a plus. As a champion of collaboration, you’ll work hand-in-hand with product teams to build high-quality user stories and acceptance criteria. If you thrive in a fast-paced environment where flexibility and problem-solving are paramount, and you possess over five years of relevant experience, you might just find your new home at OCC. With a commitment to work-life balance and a plethora of benefits, including a hybrid work structure, tuition reimbursement, and comprehensive health plans, OCC is dedicated to nurturing its talent. Join us in promoting stability and integrity in financial markets while advancing your career!

Frequently Asked Questions (FAQs) for Associate Principal, Business Analysis Role at The OCC
What are the key responsibilities of the Associate Principal, Business Analysis position at OCC?

The Associate Principal, Business Analysis at OCC is responsible for various tasks including requirements analysis, identifying gaps, and facilitating cross-functional collaboration. You'll be actively involved in agile activities such as sprint planning and backlog grooming, acting as a critical point of communication between business and technology teams.

Join Rise to see the full answer
What qualifications do I need for the Associate Principal, Business Analysis role at OCC?

To be considered for the Associate Principal, Business Analysis role at OCC, candidates should possess at least a Bachelor's degree and over five years of experience in business system analysis. Familiarity with Agile methodologies, fintech activities, and tools like Confluence and Jira is essential, along with strong analytical and communication skills.

Join Rise to see the full answer
What skills are beneficial for an Associate Principal, Business Analysis at OCC?

Skills such as analytical thinking, problem-solving, communication, and familiarity with process modeling tools are vital for an Associate Principal, Business Analysis at OCC. Additionally, having a consultant mindset, experience with user interface requirements, and knowledge of agile practices will greatly enhance your effectiveness in the role.

Join Rise to see the full answer
Does OCC provide any benefits for the Associate Principal, Business Analysis position?

Yes, OCC offers a comprehensive benefits package for the Associate Principal, Business Analysis role, including a hybrid work environment, tuition reimbursement, competitive health benefits, generous PTO, and parental leave. They also provide technology stipends and student loan repayment assistance.

Join Rise to see the full answer
What is the work culture like for the Associate Principal, Business Analysis at OCC?

The work culture at OCC is highly collaborative and supportive, encouraging work-life balance and employee wellness. You’ll work in a hybrid environment, allowing for flexibility, and have access to various resources structured to promote continuous growth and development.

Join Rise to see the full answer
Common Interview Questions for Associate Principal, Business Analysis
Can you describe your experience with Agile methodologies as an Associate Principal, Business Analysis?

In responding, detail your hands-on experience with Agile practices, particularly in managing sprints and engaging in backlog grooming. Highlight specific projects where Agile principles significantly influenced project outcomes, showcasing your adaptability and collaborative spirit.

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What steps do you take to identify scope gaps in a project?

To effectively identify scope gaps, it's crucial to conduct thorough requirements analysis, engage stakeholders, and review current versus future state visions. Discuss methods you've used previously to gather insights and define comprehensive documentation that mitigates any oversight.

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How do you prioritize projects or tasks when working cross-functionally?

Explain your approach to project management and priorities, focusing on stakeholder needs, urgency, and overall business impact. Mention any tools or methodologies that aid you in effective decision-making while managing competing requirements.

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What tools do you use for process modeling and requirements analysis?

Share your familiarity with tools like Visio, Draw.io, and Jira for process modeling. Provide examples of how each tool has benefited your project work, particularly in delivering clear, actionable user stories and acceptance criteria.

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Describe a time when you had to solve a complex problem as a Business Analyst.

Detail a specific scenario that highlights your problem-solving skills. Focus on the analysis process, the stakeholders involved, and the ultimate solutions developed. Emphasize the value provided to the organization and how it reflected your analytical capabilities.

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How do you ensure collaborative navigation between business and technology stakeholders?

Discuss strategies that support effective collaboration, such as regular check-ins, sprint reviews, and utilizing collaborative tools. Share examples of successful stakeholder engagements that fostered a unified approach toward project goals.

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What methodologies do you adopt when writing user stories?

Outline your process for writing user stories, including the use of the INVEST criteria (Independent, Negotiable, Valuable, Estimable, Small, and Testable). Highlight how you gather insights from various stakeholders to ensure clear communication of requirements.

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How do you handle remote collaborations with teams in different time zones?

Explain your strategies for managing time zone differences, such as establishing clear communication protocols, scheduling regular hours for meetings, and utilizing project management tools for effective tracking and updates across teams.

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What experience do you have with data analysis in relation to user requirements?

Discuss specific instances where you've utilized data analysis to inform user requirements, including tools used and methodologies applied. Emphasize how data-driven decisions enhanced the project outcomes and met stakeholder needs.

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What motivates you to work in business analysis within the fintech industry?

Share your passion for the fintech industry, mentioning the exciting challenges it brings, such as innovation and market liquidity. Talk about your eagerness to contribute to stability and integrity within this fast-evolving field.

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EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
April 7, 2025

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