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... more details
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).
The impact you will have in this role:
Being a member of the Risk Align Compliance team, the Associate Director will assist in evaluation and monitoring of key controls demonstrated by DTCC's Financial Risk Management function, to maintain compliance with applicable regulatory requirements, primarily Covered Clearing Agency Standards ("CCAS"). The Risk Aligned Compliance function maintains a centralized inventory of regulatory requirements for Market, Credit and Liquidity Risk, facilitates mapping of those requirements to controls and conducts monitoring and testing to validate the design and effectiveness of controls. In addition, the function monitors Policy and Procedures that demonstrate compliance with Risk's regulatory requirements and works with management to address gaps and inconsistencies. The function is also the primary Compliance interface for exams and monitors for trends, guidance and new regulations which impact the function and require enhancements to the existing compliance control framework. Additionally, the group prepares 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 of Risk Aligned Compliance in conducting continued risk-based evaluation of existing processes and related controls to challenge adequacy relative to the existing regulations and standard methodologies
- Work with applicable areas to develop action plans for development and enhancement of compliance controls and provide ongoing support and monitoring of the implementation of those controls.
- Support Regulatory Relations, GCO and Business areas in regulatory examinations, inspections and inquires.
- Monitor the regular production of Regulatory Reports prepared by the relevant Risk function and evaluate the internal controls associated with report accuracy and completeness.
- Track status updates of all Financial Risk Management regulatory and Internal Audit findings, as well as material Operational incidents.
- Under the direction of the Risk Aligned Compliance Executive Director, participate in the design and execution of topical and thematic targeted Compliance Risk Assessments as required.
- 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:
- Familiarity with Clearing Agencies and related regulatory environment.
- Understanding of the Financial Risk Management discipline and experience with analyses of Market, Credit and/or Liquidity risks, plus familiarity with associated controls, processes, and best practices.
- Working knowledge of banking and securities laws.
- Project management experience.
- A highly organized and disciplined individual with strong time management skills
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.
