Market Risk Manager

Are you ready to explore a world of possibilities? Join our DTCC family, and you''ll grow your expertise and become the best version of you. As you embark on a new journey, you''ll tackle challenges with flexibility and grace, learning new skills and advancing your career while having the time of your life. Why You''ll Love This Job: The Market & Liquidity Risk Associate Director is responsible for overseeing the daily calculation and monitoring of market & liquidity risk exposure and settlement risk in the clearing corporation. The Associate Director is also contributing to new business initiatives and overseeing risk systems design and continuous enhancements. Your Primary Responsibilities: Supervise the review of daily margin requirements, liquidity needs and settlement obligations for FICC. Understand the U.S. markets and current developments and issues affecting the industry. Understand global markets and current developments and issues affecting the industry. Understand the regulatory structure in the U.S. markets and infrastructure. Develop and implement new policies and procedures to enhance existing risk controls. Write test scripts, perform testing of various technology initiatives. Develop contacts with internal and external stakeholders across the industry. Interact with all areas within the Risk Management and understand the interrelationships. Interact with applicants/members, regulators, and departments within the complex. The ability to work with staff at all levels throughout the organization and with outside entities is essential. The Associate Director should be versed in the risks of the products offered by each of the clearing corporations and the depository. Develop Talent: Support and monitor staff education and development in effective risk management. Risk Management: Drive and take ownership of identifying and mitigating market and liquidity risks. Develop, communicate, and ensure adherence to department risk policies, procedures, and best practices. Reassess existing processes and create new ones that most effectively anticipate, manage, and reduce risk to DTCC and its participants. Foster an environment of regulatory awareness and ensure regulatory compliance. Strengthen DTCC''s controls over risk and align with corporate initiatives, including but not limited to: New Initiatives Process (NIC), Management Self Identification of Audit Issues, Management Control and Awareness Rating (MCAR), Operational Risk Control Self Assessments (RCSA), etc. Demonstrate and embed the behaviors and competencies that create a risk management attitude in your organization. Support and monitor ongoing staff education and development in effective risk management. Demonstrate openness, integrity, and trust. Develop, communicate, and ensure adherence to department risk policies, procedures, and best practices. Cultivate a positive work environment that allows staff to overcome mistakes, handle challenges, and develop alternatives. Ensures that initiatives are achieved in a manner consistent with DTCC processes and procedures. Foster an environment of regulatory awareness and ensures compliance with audit, legal and regulatory requirements. Maintain an understanding of current, as well as assessing the impact of new or revised regulatory guidance, which apply to their respective department or business area. **NOTE: The Primary Responsibilities of this role are not limited to the details above. ** Talents Needed for Success 5-7+ years of experience in risk management or financial analysis function including at least 2 years of managerial experience; must demonstrate exposure to various traded product. Subject matter expert in specific instruments cleared and settled through the complex with a working knowledge of the broad set of financial products. Subject matter expert in knowledge of member base. Strong analytical, problem-solving and decision-making skills. Persuasive communication skills, both oral and written. Ability to work well under pressure Bachelor''s Degree in Accounting, Finance, Business or Economics or similar area of study About the Team / Department The primary function of the Market Risk group is to protect the safety and soundness of the markets in the areas of clearance and settlement in the DTCC complex. This is accomplished several teams including Credit Risk, Quantitative Risk Management and Operational Risk Management. The Market Risk group within Financial Risk Management is responsible for assessing and managing risks associated with the products and services provided by the Fixed Income Clearing Corporation ("FICC"), National Securities Clearing Corporation (''NSCC'') and The Depository Trust Company ("DTC"). DTC provides efficiencies by immobilizing securities and making ''book-entry'' changes to show ownership of the securities. DTC provides securities movements for NSCC''s net settlements, and settlement for institutional trades, as well as money market instruments. DTC retains custody of several million securities issues, worth trillions of dollars, including securities issued in the US and in more than 100 other countries. FICC is a central counterparty that gives DTCC customers a common approach to fixed income transaction processing by integrating the Government Securities Clearing Corporation ("GSD") and the Mortgage-Backed Securities Clearing Corporation ("MBSD"). GSD provides real-time trade matching, clearing, risk management and netting for trades in US Government debt issues, including repurchase agreements or repos. MBSD provides real-time automated and trade matching, trade confirmation, risk management, netting and electronic pool notification to the mortgage-backed securities market. NSCC is a central counterparty that provides centralized clearance, settlement and information services for virtually all broker-to-broker equity, corporate bond and municipal bond, exchange-traded products and unit investment trusts traded in the U.S. NSCC is also the main provider of centralized information services and money settlement for mutual funds and insurance and annuity transactions, linking funds and insurance carriers with their broker/dealer, bank and financial planner distribution channels. 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.

Created: 2021-11-29