Quantitative Risk Associate Director

The Depository Trust & Clearing Corporation (DTCC); Jersey City (NJ); Hybrid; Full time

Benefits offered by this job

Competitive compensation

Comprehensive health insurance

Pension benefits

Paid Time Off

Job summary

A leading financial services company in Jersey City is seeking a Quantitative Risk Manager to drive the development and analysis of risk models. This role requires a Bachelor's degree in a quantitative discipline and 8+ years of relevant experience. Candidates must have the ability to conduct and facilitate quantitative research while collaborating with risk technology teams. The company offers competitive compensation and a flexible hybrid work model, fostering professional growth and a diverse workplace.

Qualifications

• Minimum 8 years of relevant experience in quantitative analysis or model-driven roles.
• Experience building and maintaining model prototypes.
• Ability to facilitate model risk management activities.

Responsibilities

• Conduct quantitative research/analysis for model development.
• Facilitate quantitative risk analysis for business units.
• Build and maintain model prototypes.

Skills

Conduct quantitative research

Model development and maintenance

Data source management

Model risk management

Collaboration with Risk Technology teams

Education

Bachelor’s degree in quantitative discipline

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

Quantitative Risk Management (QRM) is responsible for the development and support of models and methodologies for the quantification of risk. QRM also carries out quantitative analysis and other analytical support for DTCC's risk management and other business needs.

Your Primary Responsibilities

• Conduct quantitative research/analysis related to model development, maintenance, and performance monitoring.
• Conduct quantitative risk analysis to support other business units.
• Build and maintain model prototypes for model development.
• Facilitate model risk management activities.
• Facilitate model specification and model engine test with Risk Technology team.
• Maintain key data source for groups model development and quantitative analyses.
• Mitigate risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior.

NOTE: The Primary Responsibilities of this role are not limited to the details above.

Qualifications

• Minimum 8 years of relevant experience in quantitative analysis or model‑driven roles
• Bachelor’s degree in quantitative discipline (e.g., Mathematics, Statistics, Finance, Economics, Engineering, or related field)

Talents Needed For Success

• Experience conducting quantitative research and analysis to support model development, maintenance, and performance monitoring
• Hands‑on experience building and maintaining model prototypes for model development
• Experience supporting or facilitating model risk management activities
• Ability to partner with Risk Technology teams on model specification and model engine testing
• Experience maintaining and managing key data sources used for model development and quantitative analysis
• 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, 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.