Market Risk Manager

DTCC

4.8

(63)

Jersey City, NJ

Why you should apply for a job to DTCC:

  • Ranked as one of the Best Companies for Women in 2023
  • 4.8/5 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.
  • #208199

    Position summary

    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:

    Financial Risk and Governance's ("FR&G") mission is to provide effective and efficient identification, measurement, monitoring and control of market, liquidity & Stress Testing related to the clearing and settlement processes for DTCC, its members and the markets. In addition, FR&G provides critical governance and quality assurance capabilities for key risk functions that are designed to meet meticulous organizational and regulatory standards. FR&G works under delegated authority from the Board and senior management to manage these risks within defined risk tolerances, as approved by the Board and senior management. FR&G collaborates closely with Quantitative Risk Management and the Counterparty Credit Risk teams to maintain an integrated and comprehensive approach to financial risk management at DTCC to support an effective second line of defense. FR&Gs prime directive for DTCC's applicable clearing agencies and joint ventures consists of the following:

    • Maintain sufficient collateral to cover any losses associated with the liquidation of any defaulting member or family portfolio under extreme but plausible scenarios;

    • Ensure that sufficient liquidity resources are available so that each entity is able to settle all transactions as contracted in the event of a failure by the single largest member or family under extreme but plausible circumstances;

    • Exercise continuous improvement of policies, procedures and processes that support robust, ongoing member surveillance and effective but appropriate response to distress events; and

    • Manage FR&G to maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity and credit risks.

    Being a member of the Fixed Income Clearing Corporation (FICC), the Market Risk Manager foris responsible for the monitoring of daily margin calculation and managing market and liquidity risk exposures arising from trade execution and settlement activities in the clearing corporations and the depository. Responsibilities also include driving new business initiatives, leading all aspects of risk systems design and continuous improvements, compliance with Risk Management policies and procedures. Responsible for understanding of margining methodologies, keen understanding of financial markets and client profiles, and effectively collaborate with other DTCC teams to identify, analyze, and mitigate potential risks and safeguard financial market in which DTCC plays a pivotal role.

    What You'll Do

    • Lead a team of market risk associates and analysts across global offices.

    • Review, evaluate and sign off on a daily work and other deliverables to ensure quality, accuracy and timeliness of work performed.

    • Proactively identify and evaluate change in member's market risk exposures, liquidity needs and settlement obligations and provide solutions to mitigate exposures in timely manner.

    • Monitor market conditions and economic trends to anticipate potential risks and their potential impact on members' margin requirements.

    • Mitigate risk by ensuring adherence of the processes to the policies and procedures, identifying potential model, report errors, and demonstrating strong ethical behavior.

    • Manage issues arising from internal audits, regulatory exams, and risk assessment, collaborate with partners to develop and implement remediation plans.

    • Work on projects and process enhancements to effectively mitigate emerging risk in support of new and existing products.

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

    Qualifications:

    • Minimum of 8 years of related experience

    • Bachelor's degree preferred or equivalent experience

    Talents Needed for Success:

    • Highlights the expected benefits of new actions and strategies to help others overcome fears of change.

    • Fosters a culture where honesty and transparency are expected.

    • Proactively seeks feedback from others on his/her own performance.

    • Ensures that regular feedback is given in a constructive and behaviorally oriented manner.

    • Supports an environment where individuals are respected for their contributions.

    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.

    Why you should apply for a job to DTCC:

  • Ranked as one of the Best Companies for Women in 2023
  • 4.8/5 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.