Head of Risk and Compliance - Remote

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 foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

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).

Financial Risk and Governance's ("FR&G") 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 meticulous 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:

Exercise continuous improvement of policies, procedures and processes that support robust, ongoing member surveillance and effective but appropriate response to distress events; Manage FR&G to maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity and credit risks.

Being a member of the Fixed Income Clearing Corporation (FICC), the Market Risk Manager 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, leading all aspects of risk systems design and continuous improvements, 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.

Lead a team of market risk associates and analysts across global offices.
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.
Monitor market conditions and economic trends to anticipate potential risks and their potential impact on members’ margin requirements.
Mitigate risk by ensuring adherence to processes, policies and procedures, and spotting potential key model and report errors while demonstrating strong ethical behavior.
Manage issues arising from internal audits, regulatory exams, and risk assessment, collaborate with partners to develop and implement remediation plans.
Work on projects and operational improvements to effectively mitigate emerging risk in support of new and existing products.

Bachelor's degree preferred or equivalent experience

Highlights the expected benefits of new actions and strategies to help others overcome fears of change.
Proactively seeks feedback from others on own performance.
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. Employment type Employment type Full-time
Job function Job function Finance and Information Technology
Industries Capital Markets and Venture Capital and Private Equity Principals
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