Market Risk Manager

Company: DTCC- The Depository Trust & Clearing Corporation
Location: Jersey City
Posted on: June 20, 2022

Job Description:

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 be supported and surrounded by other professionals as you learn new skills, advance your career, and see the impact of your efforts every day.Pay and Benefits:Competitive compensation, including base pay and annual incentiveComprehensive health and life insurance and well-being benefits, based on location Retirement benefits Paid Time Off and other leave of absence Flexible/Hybrid Work ArrangementsWhy You'll Love This Job:The Market Risk Manager is responsible for overseeing the daily calculation and monitoring of market & liquidity risk exposure and settlement risk in the clearing corporation. As an Associate Director within the group, you are also contributing to new business initiatives and overseeing risk systems design and continuous enhancements.Your Other Responsibilities:Supervise the review of daily margin requirements, liquidity needs and settlement obligations.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. Review test scripts and testing results 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. 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 responsibilities of this role are not limited to the details above. **Talents Needed for Success:Bachelor's degree or higher5 - 7 years of experience in risk management or financial analysis functionMinimum of 2 years of managerial experienceDemonstrated 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. Additional QualificationsStrong analytical, problem-solving, and decision-making skills. Persuasive communication skills, both oral and written.Ability to work well under pressureWe 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 crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.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.
Our Risk Management teams work to protect the safety and soundness of our systems and are responsible for identifying, managing, measuring and mitigating a spectrum of key risk types including credit, market, liquidity, systemic, operational and technology in all existing and new products, activities, processes and systems. -Full time

Keywords: DTCC- The Depository Trust & Clearing Corporation, Jersey City , Market Risk Manager, Executive , Jersey City, New Jersey