First Line Resilience & Control Associate (FLRC DM)




Jersey City, NJ


Position summary

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and encouraging team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We're committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a growing internal community and are committed to creating a workplace that looks like the world that we serve.

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:

The First Line Resilience and Control (FLRC) function within Clearing and Securities Services (C&SS) enables effective and efficient strategy execution and comprehensive risk, resilience, and governance priorities for the organization. The role is within the Documentation Management (DM) group which supports the Systemically Important Financial Market Utility (SIFMU) product management and Global Business Operations (GBO) businesses, engaging with key partners across the organization to align departmental control frameworks and documentation with regulatory expectations and organizational standard processes.

The holder of this position is required to support risk management activities and provide project oversight within their assigned areas of responsibility. In performing these responsibilities, the individual works collaboratively with business operations and product management, FLRC management and other cross-functional groups, Legal, Compliance, Operational Risk, and other key internal and external partners to help assess, capture, model, document, and validate the alignment of the business area's activities to applicable rules and regulations, policies, procedures, and other internal documentation.

Your Primary Responsibilities:

  • Supports the development and maintenance of the documentation environment for aligned business areas, including Policies, Procedures, Job-Aids, and other internally generated documentation to ensure compliance with rules, regulations, and standards that govern those documents and corporate policy

  • Develops and maintains business area process models to comprehensively capture business processes while facilitating detailed linkages and analyses to metadata components

  • Assesses the risk and control environment to identify gaps and/or enhancement opportunities and effectively communicates to business partners while providing effective challenge when necessary

  • Supports SIFMU and GBO departments in maintaining the integrity of the Covered Clearing Agency Standards (CCAS) and the Principles for Financial Market Infrastructures (PFMI)

  • Defines department goals and initiatives and communicates to senior management on group progress.

  • Creates and promotes relationships with other key functional areas (Embedded Risk Management, Legal, Compliance, Regulatory Relations, Operational Risk, etc.) to help assess, capture, document, and validate the alignment of business area activities to applicable rules, policies, procedures, and other internal documentation.

  • Proactively seeks continuous improvement to supported processes and technology and adapts to constant change

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

  • Develops and communicates department risk policies, procedures, and standard methodologies

  • Supports an environment of regulatory awareness within SIFMU product management and GBO areas

Talents Needed for Success:

  • Minimum of 4 years of related experience

  • Bachelor's degree preferred or equivalent experience

Additional Qualifications

  • Fosters a culture where honesty and transparency are expected.
  • Stays current on changes in their own specialist area and seeks out learning opportunities to ensure knowledge is up-to-date.
  • Collaborates well within and across teams.
  • Communicates openly with team members and others.
  • Resolves disagreements between colleagues effectively, minimizing the impact on the wider team.
  • Works with the team to review deliverables and ensure quality and accuracy. Adheres to established rules and procedures when performing work.

Why you should apply for a job to DTCC:

  • Ranked as one of the Best Companies for Women in 2022

  • 5/5 in overall job satisfaction

  • 4.9/5 in supportive management

  • 95% say women are treated fairly and equally to men

  • 98% would recommend this company to other women

  • 100% say the CEO supports gender diversity

  • Ratings are based on anonymous reviews by Fairygodboss members.
  • 100% rating on the Corporate Equality Index and was recognized as one of the Best Places to Work for LGBTQ Equality.

  • Flexible + Hybrid work options available

  • Corporate Social Responsibility initiative focuses on charitable giving and volunteerism.