The Options Clearing Corporation (OCC), the world's largest equity derivatives clearing organization, recently appointed two new senior leaders who will play key roles as the OCC transitions to its future risk management and clearing systems.
Vishal Thakkar, formerly first vice president of financial risk management and risk advisory services, was promoted to senior vice president and head of enterprise risk management. Timothy Dwyer was appointed senior vice president of strategic systems, a new position at OCC.
In his previous OCC role, Thakkar oversaw a transformation roadmap that enhanced OCC's process effectiveness while meeting stringent regulatory requirements. He also has led Technology and Operations Audits for OCC, assisting in the company?s transformation of its Internal Audit function. Prior to OCC, Thakkar held internal audit and risk management roles for Southern Company Gas, most recently as Director Internal Audit, Corporate/Shared Services and Regulated Operations.
Dwyer comes to OCC from Prudential, where he was vice president of product delivery within the company?s Individual Solutions Group and led the delivery of strategic products and service capabilities. Prior to Prudential, he was at MassMutual Financial Group, most recently as senior vice president, infrastructure, core solution delivery and IT customer service. In this role, he was responsible for the solution delivery of all the company?s core enterprise technology assets.