Market Risk Manager

Location: Jersey City, NJ / Dallas, TX

Skills: Risk, Management

Job Description:

• 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.
• As a Market Risk Manager within the group, you will have the opportunity to interact with all areas within the Risk Management and understand the interrelationships. You will also interact with applicants/members, regulators, and departments within the complex, this means you will develop contacts with internal and external stakeholders across the industry. The ability to work with colleagues at all levels throughout the organization and with outside entities is essential.
• As an Associate Director, you are 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 expected to contribute to new business initiatives and oversee risk systems design and continuous enhancements.

Responsibilities:

• Supervise the review of daily margin requirements, liquidity needs and settlement obligations.
• Understand the U.S. and global markets and current developments and issues affecting the industry.
• Understand the regulatory structure in the U.S. markets and infrastructure, and foster an environment of regulatory awareness and ensure regulatory compliance.
• Develop and implement new policies and procedures to enhance existing risk controls.
• Write test scripts, perform testing of various technology initiatives.
• 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.
• 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.
• 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.

Qualifications:

• Bachelor's degree required, Master's degree preferred
• Minimum of 5 years of experience in market risk management with demonstrated exposure to various traded products.
• Minimum of 2 years people management experience.
• 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.

Additional Qualifications:

• Strong analytical, problem-solving and decision-making skills.
• Persuasive communication skills, both oral and written.
• Ability to work well under pressure

About DTCC:

DTCC safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry’s needs and we’re working to continually improve the world’s most resilient, secure, and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost, and bring stability and certainty to the post-trade lifecycle.

DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you’ll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It’s the chance to make a difference at a company that’s truly one of a kind.

Job Type: Full-time

Salary: $130,000.00 - $140,000.00 per year

Supplemental Pay:

• Bonus pay

Application Question(s):

• Where is the candidate located? If candidate is not near the job location, please explain relocation plan in detail (e.g. timeline, relocating with family, selling/buying property)
• What is the candidate’s desired total compensation? (Please specify base salary vs. bonus expectation)
• What is the candidate’s work authorization status? eg: US Citizen, Green card, etc...
• What is the candidate’s highest level of education?
• Has the candidate applied or been interviewed for any role with this company in the past? If so, please provide details.
• Please provide the link to candidate’s LinkedIn profile.

Education:

• Bachelor's (Required)

Experience:

• market risk management: 5 years (Required)
• people management: 2 years (Required)

Work Location: One location