Options Clearing Corporation Employee Reviews

3.8
Overall rating
Based on 33 reviews
Ratings breakdown
512
49
36
24
12
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4.0
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Challenging environment but callaborative
Manager, Storage Technologies (Current Employee) –  Dallas, TXMarch 20, 2018
There is a good working environment at the OCC. It is a by the book environment, so there is not a lot of ability to travel too far outside the box. It is very process and procedure oriented.
Pros
Social events
Cons
Fairly unforgiving of lapses or mistakes
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5.0
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Interesting and challenging work
VP (Current Employee) –  Chicago, ILFebruary 1, 2018
Days at OCC are not boring, there is a lot coming at you each day but there are also many people willing to help. There have been clear messages about what to focus your time on, and for those who enjoy variety there is plenty to be had here.

If you are organized and flexible and embrace challenges this is a fantastic place to work where you can be visible and make a difference.
Pros
Fast pace, collegial environment, location
Cons
Not many, OCC has a lot going for it
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5.0
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A Place where we can Explore New things.
QA Lead (Current Employee) –  Chicago, ILOctober 16, 2017
I learn many new things in this organization.
A good management where they support to explore things.
A work Place where one can enjoy as well work with peace of mind.
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2.0
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High stress and turnover
Document Control Clerk (Former Employee) –  Keller, TXSeptember 11, 2017
HI stress, high turnover. One manager was absentee and would rarely respond to anything. You were told work was being assigned and it never happened. Long period waiting for next steps, that often don't happen. Other bosses largely absent. Lots of turnover. Big boss frequently walking through office screaming loudly at any and everyone, and then sometimes nice. Nothing was open or clear. One day's direction became the next day's "why did you do that"
Pros
high pay, task oriented
Cons
very stressful, disorganized, angr
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5.0
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Great place to work
Systems Administrator (Former Employee) –  Keller, TX relocating to Las ColinasSeptember 1, 2017
Because of the SEC and OCC being considered one of 8 companies that are "too big to fail" they're extremely key on security and doing this perfect. Some people think it's over board and too much but I loved that amount of attention to detail.
Pros
Monthly free lunches and competitions for who made the best hot sauce
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5.0
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Outstanding Company
Director (Current Employee) –  Chicago, ILAugust 27, 2017
The Options Clearing Corporation plays a critical role in the financial industry. As such, everyday matters. Hard work will pay off in salary and career advancement. The high performance culture is appreciated by those who like to be rewarded for hard work.
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1.0
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Nothing goo
CLEARING MEMBER REPRESENTATIVE (Current Employee) –  Chicago, ILJuly 27, 2017
I really have nothing to say about this company. It is full of empty lies. The managers and for the most part VP and higher are terrible. I can say one thing, I have met some nice people there.
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4.0
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Had great benefits and salary was good
Member Services Representative (Former Employee) –  New York, NYJune 7, 2017
Since we were a satellite office, we were out of site, out of mind and therefore Head quarters would tend to forget about us. Our NY office was small but I ran the office with a great group of people.
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2.0
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Work here as a last resort, job instability
Sr. System Analyst (Former Employee) –  Chicago, ILMay 31, 2017
Job security is unstable due to continous management changes and non transparancy from management regarding goals and changes of the company. Take caution accepting the role.
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2.0
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Unstable work environment
Sr. Cloud Architect Consultant (Former Employee) –  Keller, TXMay 30, 2017
All the wrong people in the leadership roles. Extremely territorial where leadership looks for their benefit instead of company's or organization's as a whole
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4.0
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No fun gamwa
Software Configuration Specialist (Former Employee) –  Keller, TXApril 20, 2017
Good place to work but not good work life balance. I would rate 3 out of 5. The reason why is because the raises are so low and they work their people to death.
Pros
Benefits
Cons
Long working hours
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3.0
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More Compliance work than technical work
Senior Systems Administrator (Current Employee) –  Chicago, ILDecember 14, 2016
Since becoming a SIFMU, compliance and regulation have taken over every facet of work at The OCC. I would not recommend this company unless you enjoy paperwork.
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4.0
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great talent and great place to work.
Lead Consultant (Former Employee) –  ChicagoOctober 19, 2016
great place to work. There is a lot of talent here, people are friendly and willing to help each other out.
Typical day: balance of design and code
coworkers are honest and trust worthy.
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5.0
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Changing with the times
Vice President (Current Employee) –  Chicago, ILOctober 15, 2016
OCC is a solid company going through significant structural and operational change. Very experienced and competent staff, new leadership and solid foundation. Culture change is significant as well, lots of opportunity to make a difference.
Pros
Access to smart people and good corporate vision
Cons
Staff shortages, but working hard to mitigate.
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5.0
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Occ
Marketing Intern (Former Employee) –  Chicago, ILJuly 2, 2016
Was just an intern when I worked here, but it was a great team environment that taught me a lot as the first true place I worked out of college.
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3.0
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Fun place
Quality Assurance Manager (Current Employee) –  Chicago, ILFebruary 29, 2016
OCC, founded in 1973, is the world's largest equity derivatives clearing organization. OCC is dedicated to promoting stability and financial integrity in the marketplaces that it serves by focusing on sound risk management principles. By acting as guarantor, OCC ensures that the obligations of the contracts it clears are fulfilled.

Dynamics are changing but employee are stuck with old mind set. Its very stable and continues to remain the same.
Pros
Stable organization
Cons
Old Mindset
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5.0
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Already reviewed. under clerk.
Training to be a market-maker (Former Employee) –  Chicago, ILFebruary 15, 2016
Already reviewed the Options Clearing Corporation. This review is in regard to training as a market-maker..It lead to clerking on the floor of the exchange.
Pros
Challenging.
Cons
Challenging
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5.0
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Very challenging, fast paced atmosphere with hourly deadlines.
Depository Trust Specialist (Former Employee) –  Chicago, ILFebruary 15, 2016
I worked with intelligent and supportive personnel-both co-workers and upper management. The work was interesting and challenging.
The most difficult aspect of the work was the hourly deadlines and the responsibility of 300 billion dollars! The most enjoyable aspect was dealing with clients, all over the U.S., with whom I enjoyed talking with and helping them accomplish their goals.
Pros
Excellent benefits.Family-like atmosphere in a large company.
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5.0
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Legal Department is Top Notch
Contract Administrator (Former Employee) –  Chicago, ILNovember 11, 2015
The legal department is great at OCC. They all are very polished professionals. Great communication and I would highly recommend OCC to anyone!
Pros
Great Communication!
Cons
None
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2.0
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Not a bad choice if you're a college student
Senior Risk Analyst (Current Employee) –  Chicago, ILOctober 5, 2015
The management is currently very new and they don't have their vision in place yet. What the company does is extremely stable and great; however, it's not a good idea to come in as an experienced hire with a lot of expectations currently.
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