Are you ready to make an impact at DTCC?
Do you want to work on innovative projects, collaborate with a dynamic and supportive 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 thriving 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).
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The impact you will have in this role:
Being a member of the Risk Aligned Compliance team, the Associate Director will assist in the evaluation and monitoring of key Financial Risk Management related controls used by DTCC to adhere with its regulatory requirements, primarily Covered Clearing Agency Standards ("CCAS"). This department maintains a centralized inventory of regulatory requirements for Market, Credit, and Liquidity Risk and facilitates mapping of those requirements to controls, conducts monitoring, and testing to validate those controls are fit for purpose and adhered to. In addition, the Risk Aligned Compliance Associate Director will monitor Policy and Procedures that demonstrate compliance with Risk's regulatory requirements, work with management to address gaps and inconsistencies, and prepare reports on the status of the program to Board, Committees and senior management.
Your Primary Responsibilities:
- Build and maintain a comprehensive understanding of applicable laws and regulations applicable to the function, as well as requirements and resulting controls that enable compliance
- Assist the Executive Director in conducting continued risk-based evaluation of existing processes and related controls to challenge adequacy relative to the existing regulations and standard processes
- Work with applicable areas to develop action plans for development and improvement of compliance controls and provide ongoing support to the implementation of those controls
- Support Regulatory Relations, General Counsel's Office, and Business areas in regulatory examinations, inspections and inquires
- Supervise the regular production of Regulatory Reports prepared by the relevant Risk function and evaluate the internal controls associated with report accuracy and completeness
- Assist Compliance Risk Assessment and Testing in monitoring key inherently high-risk compliance requirements and efficiency of related processes, controls, and metrics
- Monitor DTCC Policies and Procedures to maintain compliance with key regulations and identify and address any gaps or inconsistencies and test/monitor for adherence to key controls
- Track status updates of all regulatory and Internal Audit findings, as well as material Operational incidents
- Participate in the design and execution of topical and thematic targeted Compliance Risk Assessments
NOTE: Responsibilities of this role are not limited to the details above.
Qualifications:
- Minimum 8 years of related experience
- Bachelor's degree (preferred) or equivalent experience
Talents Needed for Success:
- Familiarity with Clearing Agencies and related regulatory environment
- Understanding of the Financial Risk Management subject area and familiarity with associated controls, processes, and standard methodologies with direct exposure to Market, Credit and/or Liquidity risk stripes
- Proven understanding of banking and securities laws
- Project management experience
- A highly organized and disciplined individual with strong time leadership skills
- Experience working at or with financial services regulators (e.g., SEC, FRB, NYSDFS, CFTC, ESMA, etc.) is helpful
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.