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