Market Risk Senior Associate

DTCC; Jersey City (NJ); Hybride; USD 120 000 - 180 000; Plein temps

Avantages offerts par ce poste

Health insurance

Life insurance

Pension/ retirement plan

Paid time off and family care

Résumé du poste

DTCC seeks an experienced risk professional to monitor market and liquidity risks for its clearing operations. You will work with FICC/NSCC risk teams to assess margin exposures, and coordinate with Counterparty Credit Risk and Operations to mitigate risk.

The role emphasizes risk analysis, adherence to policies, and proactive communication with clients and internal teams. Hybrid work model with onsite presence required.

Qualifications

• Bachelor’s degree required or equivalent experience.
• 6+ years of related experience in market/ridged risk roles preferred.
• Strong understanding of margining, liquidity and credit risk concepts.

Responsabilités

• Identify and evaluate changes in market risk exposures, liquidity needs and settlement obligations.
• Monitor market conditions and trends to anticipate risks and impacts on margin requirements.
• Escalate emerging risks and follow established risk procedures with integrity.
• Perform day-to-day margin and risk monitoring activities per procedures.
• Develop understanding of client risk profiles to provide risk-related support.
• Collaborate with Counterparty Credit Risk, Liquidity Risk, Operations, Quantitative Risk and Relationship Management.
• Educate clients on risk management tools and initiatives and integrate controls into daily work.

Connaissances

Market risk analysis

Risk management

Financial markets understanding

Cross-functional collaboration

Formation

Bachelor’s degree or equivalent

Outils

Risk management systems

Description du poste

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:

• 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.
• Mitigates risk by following established procedures, identifying and escalating emerging risks, and demonstrating strong ethical behavior.
• Perform day to day functions contained in the procedures such as researching significant increases in margin requirements, tracking trading patterns of member firms, liquidity usage, etc.
• Develop a strong understanding of clients' business and risk profiles to serve as a point of contact for risk related support and inquiries.
• Collaborates with cross functional teams including Counterparty Credit Risk, Liquidity Risk, Operations, Quantitative Risk, Relationship Management to bolster risk management practices.
• Educate clients on risk management tools and initiatives. Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; escalates appropriately

Qualifications:

Minimum of 6 years of related experience Bachelor's degree preferred or equivalent experience

Talents Needed for Success:

Fosters a culture where honesty and transparency are expected. Stays current on changes in his/her own specialist area and seeks out learning opportunities to ensure kn