Enterprise Risk Manager

Depository Trust & Clearing Corporation; Dallas (TX); Hybrid; USD 100,000 - 130,000; Full time

Benefits offered by this job

Competitive compensation including base pay and annual incentive

Comprehensive health and life insurance

Pension / Retirement benefits

Paid Time Off and personal care leaves

Flexible/hybrid model of work

Job summary

The Depository Trust & Clearing Corporation (DTCC) seeks a Director of Executive Recruiting to drive market risk management within the financial sector. This role entails leading a team and implementing strategies to mitigate financial and market risks while fostering a transparent team culture. The position offers a competitive salary and robust professional development opportunities in a flexible hybrid work environment.

Qualifications

• Minimum of 8 years of related experience.
• Bachelor's degree preferred or equivalent experience.

Responsibilities

• Lead a team of market risk associates and analysts across global offices.
• Monitor market conditions and economic trends to anticipate potential risks.
• Manage issues arising from internal audits and regulatory exams.

Skills

Financial Risk Management

Risk Governance

Decision Making

Education

Bachelor's degree

Job description

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Direct message the job poster from The Depository Trust & Clearing Corporation (DTCC)

Director, Executive Recruiting at The Depository Trust & Clearing Corporation (DTCC)

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We're committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

Pay and Benefits:

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Pension / Retirement benefits
• Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
• DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

The impact you will have in this role:

Financial Risk and Governance's ("FR&G") mission is to provide effective and efficient identification, measurement, monitoring and control of market, liquidity & Stress Testing related to the clearing and settlement processes for DTCC, its members and the markets. In addition, FR&G provides critical governance and quality assurance capabilities for key risk functions that are designed to meet meticulous organizational and regulatory standards. FR&G works under delegated authority from the Board and senior management to manage these risks within defined risk tolerances, as approved by the Board and senior management. FR&G collaborates closely with Quantitative Risk Management and the Counterparty Credit Risk teams to maintain an integrated and comprehensive approach to financial risk management at DTCC to support an effective second line of defense. FR&Gs prime directive for DTCC's applicable clearing agencies and joint ventures consists of the following:

• Maintain sufficient collateral to cover any losses associated with the liquidation of any defaulting member or family portfolio under extreme but plausible scenarios;
• Ensure that sufficient liquidity resources are available so that each entity is able to settle all transactions as contracted in the event of a failure by the single largest member or family under extreme but plausible circumstances;
• Exercise continuous improvement of policies, procedures and processes that support robust, ongoing member surveillance and effective but appropriate response to distress events; and
• Manage FR&G to maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity and credit risks.

Being a member of the Fixed Income Clearing Corporation (FICC), the Market Risk Manager is responsible for the monitoring of daily margin calculation and managing market and liquidity risk exposures arising from trade execution and settlement activities in the clearing corporations and the depository. Responsibilities also include driving new business initiatives, leading all aspects of risk systems design and continuous improvements, compliance with Risk Management policies and procedures. Responsible for understanding of margining methodologies, keen understanding of financial markets and client profiles, and effectively collaborate with other DTCC teams to identify, analyze, and mitigate potential risks and safeguard financial market in which DTCC plays a pivotal role.

What You'll Do

• Lead a team of market risk associates and analysts across global offices.
• Review, evaluate and sign off on a daily work and other deliverables to ensure quality, accuracy and timeliness of work performed.
• Proactively identify and evaluate change in member’s market risk exposures, liquidity needs and settlement obligations and provide solutions to mitigate exposures.
• Monitor market conditions and economic trends to anticipate potential risks and their potential impact on members’ margin requirements.
• Mitigate risk by ensuring adherence to processes, policies and procedures, and spotting potential key model and report errors while demonstrating strong ethical behavior.
• Manage issues arising from internal audits, regulatory exams, and risk assessment, collaborate with partners to develop and implement remediation plans.
• Work on projects and operational improvements to effectively mitigate emerging risk in support of new and existing products.

Qualifications:

• Minimum of 8 years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed for Success:

• Highlights the expected benefits of new actions and strategies to help others overcome fears of change.
• Fosters a culture where honesty and transparency are expected.
• Proactively seeks feedback from others on own performance.
• Ensures that regular feedback is given in a constructive and behaviorally oriented manner.
• Supports an environment where individuals are respected for their contributions.

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Information Technology

• Industries

  Capital Markets and Venture Capital and Private Equity Principals

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