Product Manager Associate

DTCC; Jersey City (NJ); Hybrid; USD 110,000 - 160,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Paid time off

Job summary

DTCC is seeking a Financial Risk Product Owner Senior Associate to translate product vision into squad deliverables, managing scope and backlog with cross-functional teams and external clients. The role emphasizes strong business analysis, stakeholder communication, and delivery of the FR&G roadmap within a hybrid work model.

You will collaborate with risk and governance teams to deliver initiatives, maintain product knowledge, and represent FR&G in forums.

Responsibilities

• Support Financial Risk & Governance in achieving their strategic objectives, which may include aspects of project management, task management, moderating meetings, coordinating with key stakeholders to deliver the product vision and the roadmap into squad deliverables and release plans.
• Work with the leads of various Financial Risk & Governance teams to deliver on the specific initiatives prioritized and budgeted.
• Support the priorities of FR&G through planning, developing a deeper knowledge, an

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'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 & Governance's (FR&G) mission is to provide effective and efficient identification, measurement, monitoring and control of market and liquidity risks, including those identified through Stress Testing activities, 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.

• 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.

The Financial Risk Product Owner Senior Associate is responsible for translating the product vision into squad deliverables to achieve the product strategy, aligned with maximizing value to the client. This is done through managing scope and product backlog in collaboration with the multiple squads, Product Manager, clients (internal/external) and key stakeholders.

The position requires keen business analysis and communication skills to draft and present business requirements to both internal and external stakeholders for ratification. The candidate must be proficient in depicting and describing business impact assessments between current-state and various future state business models. The position entails leading multiple internal stakeholder meetings and representing Financial Risk & Governance's business in various forums on projects and new initiatives.

Your Primary Responsibilities :

Support Financial Risk & Governance in achieving their strategic objectives, which may include aspects of project management, task management, moderating meetings, coordinating with key stakeholders to deliver the product vision and the roadmap into squad deliverables and release plans.

Work with the leads of various Financial Risk & Governance teams to deliver on the specific initiatives prioritized and budgeted.

Support the priorities of FR&G through planning, developing a deeper knowledge, an