Embedded Risk Manager

the financial services industry.

Pay and Benefits:

• Competitive compensation, including base pay and annual incentive

• 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).

The Impact you will have in this role:

Being a member of the Clearing and Securities Services team, The Embedded Risk Manager (ERM) will support Asset Services in managing, monitoring, and reporting on operational risk. The ERM will be a trusted advisor on managing risk and improving the functions' control environments. In addition, the ERM will document risk assessments; write and maintain operating procedures, process maps, and risk/control inventories; design and administer control testing; report on key risk indicators; and help fulfill team and department-wide deliverables, such as requests from control groups (e.g., Compliance).

Your Primary Responsibilities:

• Examine internal controls, document findings and potential issues, and provide strategic and proactive consultation in identifying risk exposures and developing solutions.

• Provide day-to-day administration of risk management activities, including tracking completion of action plans, documentation reviews, and control group requests.

• Develop, monitor, implement, and report on management's self-testing of controls.

• Document, update, and analyze end-to-end process maps.

• Build and maintain risk & control inventories and facilitate teams' timely review of them.

• Complete quarterly risk profiles

• Identify action plans to remediate audit findings and operational risk incidents, advise on approach to close them, and track their completion.

• Serve as a documentation gatekeeper, making sure procedure documentation is updated on time, verifying edits meet Compliance and documentation standards, and verifying documentation includes controls.

• Manage projects of significant scope to update policies, processes, and procedures. Write policies and procedures that are user friendly, organized logically, well written, and meet the needs of different partners, such as new employees, internal control groups, and regulators.

• Help teams interpret and fulfill requests from our internal control groups.

• Review third-party risk assessments.

• Develop, maintain, and report on key risk indicators and performance measurements, including the organization's risk tolerance dashboards.

• Mitigates risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior.

**NOTE: The Primary Responsibilities of this role are not limited to the details above. **

Qualifications:

• Minimum of 8 years of related experience

• Bachelor's degree preferred or equivalent experience

Talents Needed for Success:

• Experience in Asset Services, audit, risk management, or compliance.

• Experience analyzing processes, identifying risk, and developing controls, preferably in the financial services industry.

• Demonstrable experience creating and maintaining risk management documentation, including process maps, risk & control matrices, and procedures.

• A good writer; a writing sample will be required.

• Automated control testing experience ideal but not required.

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. 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.