Third Party Risk Oversight & Challenge Associate

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:

Operation Risk Management, ORM establishes protocols for analyzing, reporting, escalating, and mitigating operational risks. Ops Risk works with the business unit management and support functions to help them manage their operational risk exposures. Third Party Risk (TPR) establishes the Third Party Risk Management framework for the organization. TPR identifies, assesses and mitigates the risks that Third Parties pose to the organization through risk assessments, due diligence reviews, and implementation of ongoing monitoring requirements for Critical and High-rated Third Parties.

Your Primary Responsibilities:

• Execute to meet team and department goals. Track key metrics used for management reporting of Third Party risk processes while working at mastering knowledge of process. Suggest improvements to processes to increase efficiencies.
• Perform Third Party Risk assessments and monitoring activities and assist with the development and implementation of Third Party Risk Management frameworks. Assist with special projects.
• Produce and maintain reporting and metrics for both internal and external stakeholders. Analyze, interpret, and present data to internal team. Recommend suggestions for improvements.
• Possess strong knowledge of processes across functional areas within the team.
• Build strong relationships with internal and external stakeholders. Facilitate third party risk activities and collaborate to enhance processes.
• Demonstrate effective written and verbal communication skills, active engagement in meetings and thought leadership. Provide guidance to internal stakeholders on processes and address issues and inquiries timely.
• Provide technical subject matter expertise for Third Party risk assessments, where appropriate.
• Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; escalates appropriately

Qualifications:

• Minimum of 4 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 knowledge is up-to-date.
• Collaborates well within and across teams.
• Communicates openly with team members and others.
• Resolves disagreements between colleagues effectively, minimizing the impact on the wider team.

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.