Market Risk Associate Director

DTCC; Jersey City (NJ); Hybrid; USD 130,000 - 180,000; Full time

Benefits offered by this job

Hybrid work arrangement

Competitive compensation package

Job summary

DTCC in the United States is seeking an experienced Market Risk professional to support FICC and NSCC risk monitoring and governance. You will review daily deliverables, assess market conditions, and help ensure robust risk controls across clearing and settlement processes.

The role emphasizes collaboration with risk teams, compliance with policies, and remediation of issues identified in audits and regulatory exams. A strong background in market risk and a mentoring mindset are valued.

Qualifications

• Minimum of 8 years of related experience.
• Bachelor's degree preferred or equivalent experience.
• Experience in market risk or risk management for financial clearing and settlement domains.

Responsibilities

• Review, evaluate and sign off on daily work and deliverables.
• Identify and mitigate market risk exposures and liquidity needs.
• Monitor market conditions and trends affecting margin requirements.
• Ensure adherence to policies and procedures and escalate issues.
• Manage findings from audits and regulatory exams with remediation plans.
• Contribute to projects and process improvements to mitigate emerging risks.

Skills

Market risk

Risk management

Financial analysis

Mentoring

Education

Bachelor's degree or equivalent

Tools

Risk systems

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.
• 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:

• FR&Gs 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 rigorous 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.

Market Risk for Fixed Income Clearing Corporation (FICC) and National Securities Clearing Corporation (NSCC) 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, overseeing risk systems design and continuous enhancements, 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.

Your Primary Responsibilities:

• 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 in timely manner.
• Monitor market conditions and economic trends to anticipate potential risks and their potential impact on members' margin requirements.
• Mitigate risk by ensuring adherence of the processes to the policies and procedures, identifying potential model, report errors, and demonstrating strong ethical behavior.
• Manage issues arising from internal audits, regulatory exams, and risk assessment, collaborate with stakeholders to develop and implement remediation plans.
• Work on projects and process enhancements to effectively mitigate emerging risk in support of new and existing products. Mitigates risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior.

Qualifications:

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

Talents Needed for Success:

Serves as a trusted coach or mentor within the organization. Communicates openly keeping everyone across the organization informed.

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, loca