Market Risk Associate Director

The Depository Trust & Clearing Corporation (DTCC); Jersey City (NJ); Hybrid; USD 120,000 - 180,000; Full time

Job summary

An established industry player in financial markets is seeking a Market Risk Associate Director to lead a dynamic team and drive innovative risk management initiatives. This role offers the opportunity to work collaboratively across functions, ensuring the integrity of market operations while fostering a culture of inclusion and growth. With a focus on managing risk exposures and enhancing policies, you'll play a crucial part in safeguarding financial stability. Join a forward-thinking organization that values diversity and invests in your professional development, offering a flexible work model that balances on-site and remote opportunities.

Benefits

Comprehensive health and life insurance

Pension / Retirement benefits

Paid Time Off

Flexible/hybrid work model

Qualifications

• 8+ years of experience in market risk management or related fields.
• Bachelor's degree preferred or equivalent experience.

Responsibilities

• Lead a global team of equity market risk associates and analysts.
• Monitor market conditions and economic trends to anticipate risks.
• Ensure compliance and handle issues from audits and regulatory exams.

Skills

Risk Management

Equity Markets Knowledge

Team Leadership

Analytical Skills

Communication Skills

Education

Bachelor's Degree

Job description

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Job Description

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 are 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.
• Flexible/hybrid work model: 3 days onsite (Tuesdays, Wednesdays, and a third day unique to each team or employee) and 2 days remote.

The Impact You Will Have In This Role

The FR&G mission is to provide effective identification, measurement, monitoring, and control of market, liquidity & stress testing related to the clearing and settlement processes. This includes governance and quality assurance for key risk functions, working under delegated authority from the Board and senior management. Collaborating with Quantitative Risk Management and Counterparty Credit Risk teams, the role supports an integrated approach to financial risk management at DTCC, maintaining a second line of defense. Key responsibilities include:

• Maintain collateral to cover losses under extreme scenarios.
• Ensure liquidity resources are sufficient for settlement in failure scenarios.
• Improve policies, procedures, and processes for member surveillance and distress response.
• Manage risk knowledge and frameworks for market, liquidity, and credit risks.

Market Risk responsibilities include monitoring daily margin calculations, managing risk exposures, driving new initiatives, overseeing risk systems, and ensuring compliance. The role requires understanding margin methodologies, equity markets, and collaboration across teams to mitigate risks and safeguard markets.

Your Primary Responsibilities

• Lead a team of equity market risk associates and analysts globally.
• Review and approve daily work to ensure quality and timeliness.
• Identify and evaluate changes in risk exposures and provide mitigation solutions.
• Monitor market conditions and economic trends to anticipate risks.
• Ensure process adherence, identify errors, and uphold ethical standards.
• Handle issues from audits and regulatory exams, developing remediation plans.
• Participate in projects to mitigate emerging risks and support new products.

Talents Needed For Success

• Champion Inclusion: Support diversity and create a supportive environment.
• Communicate Clearly: Listen actively, ask questions, and convey messages purposefully.
• Cultivate Relationships: Build networks and collaborate across functions.
• Instill Ownership: Be accountable, manage execution, and proactively address risks.
• Inspire Growth: Coach, give feedback, and mentor to develop skills and meet goals.
• Propel Change: Think critically, challenge respectfully, and innovate.

Qualifications

• Minimum of 8 years of related experience.
• Bachelor's degree preferred or equivalent experience.
• Deep understanding of equity markets and products cleared at NSCC and DTC.

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary depends on role, location, experience, and skills. We are an equal opportunity employer and value diversity. Reasonable accommodations are provided for individuals with disabilities. Please contact us for assistance.

About Us

DTCC safeguards financial markets, processing over 100 million transactions daily, pioneering industry-wide solutions, and maintaining global data centers. We aim to improve efficiency, reduce costs, and ensure market stability. Our employees drive innovation to enhance the post-trade lifecycle.

About The Team

Our Risk Management teams focus on identifying, managing, and mitigating risks including credit, market, liquidity, operational, and technological risks across all products and systems.