Market Risk Associate
About the position
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.
FR&G's 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 rigorous
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.
Manage FR&G to maintain a deep and broad product knowledge and risk framework
to effectively measure and manage market, liquidity and credit risks.
Market Risk for Fixed Income Clearing Corporation (FICC) and National Securities
Clearing Corporation (NSCC) is 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,
overseeing risk systems design and continuous enhancements, compliance with Risk
Management policies and procedures. Responsible for understanding of margining
methodologies, keen understanding of financial markets and client profiles, and
effectively collaborating with other DTCC teams to identify, analyze, and
mitigate potential risks and safeguard financial market in which DTCC plays a
pivotal role.
Responsibilities
• Perform day-to-day functions contained in the procedures such as researching significant increases in margin requirements, tracking trading patterns of member firms, liquidity usage, etc.
• Develop a strong understanding of clients’ business and risk profiles to serve as a point of contact for risk related support and inquiries.
• Mitigates risk by following established procedures, identifying and escalating emerging risks, and demonstrating strong ethical behavior.
• Collaborates with cross functional teams including Counterparty Credit Risk, Liquidity Risk, Operations, Quantitative Risk, Relationship Management to bolster risk management practices.
• Educate clients on risk management tools and initiatives.
• Aligns risk and control processes into day-to-day responsibilities to monitor and mitigate risk; escalates appropriately
Requirements
• Minimum of 4 years of related experience
• Bachelor's degree preferred or equivalent experience
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).
Apply tot his job
Apply To this Job
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.
FR&G's 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 rigorous
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.
Manage FR&G to maintain a deep and broad product knowledge and risk framework
to effectively measure and manage market, liquidity and credit risks.
Market Risk for Fixed Income Clearing Corporation (FICC) and National Securities
Clearing Corporation (NSCC) is 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,
overseeing risk systems design and continuous enhancements, compliance with Risk
Management policies and procedures. Responsible for understanding of margining
methodologies, keen understanding of financial markets and client profiles, and
effectively collaborating with other DTCC teams to identify, analyze, and
mitigate potential risks and safeguard financial market in which DTCC plays a
pivotal role.
Responsibilities
• Perform day-to-day functions contained in the procedures such as researching significant increases in margin requirements, tracking trading patterns of member firms, liquidity usage, etc.
• Develop a strong understanding of clients’ business and risk profiles to serve as a point of contact for risk related support and inquiries.
• Mitigates risk by following established procedures, identifying and escalating emerging risks, and demonstrating strong ethical behavior.
• Collaborates with cross functional teams including Counterparty Credit Risk, Liquidity Risk, Operations, Quantitative Risk, Relationship Management to bolster risk management practices.
• Educate clients on risk management tools and initiatives.
• Aligns risk and control processes into day-to-day responsibilities to monitor and mitigate risk; escalates appropriately
Requirements
• Minimum of 4 years of related experience
• Bachelor's degree preferred or equivalent experience
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).
Apply tot his job
Apply To this Job