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 Systemic Risk Office (SRO), the Systemic Risk Data Science & Research Director is responsible for identifying, assessing and addressing systemic risk and potential threats to financial stability. The team focuses specifically on the identification and assessment of risks that have the potential to impact DTCC and its clearing agencies, its clients and the markets in which they operate. Additionally, the team analyzes ways to effectively prepare for shocks and it investigates – to the extent possible – what can be done to mitigate their impact on financial stability. With strong quantitative skills and a keen understanding of financial markets and statistical research methods, the Director will conduct ongoing research and analysis of potential systemic threats in support of risk management decisions.
Your Primary Responsibilities:
- Conduct research and statistical analysis of various systemic risks being trackedby DTCC
- Conveys the results of research internally to senior leadership and/or risk committees and externally through published articles, white papers, blogs, etc.
- Research focus will be on topics related systemic risk, financial stability, interconnectedness risk and geopolitical risks.
- Provides commentary and recommendations on current financial and macroeconomic developments to senior management.
- Responsible for developing or improving internal management reporting on the portfolio of systemic risks monitored by DTCC.
- Responsible for the timely and successful execution of major projects that require a high degree of technical expertise across multiple departments.
- Responsible for performance management and talent development. Builds and demonstrates strategic relationships across the company and operates with a high degree of independence.
- Participate in internal working groups and encourages others to achieve cross-functional goals. Actively participates in internal committees.
- Presents status updates on the team’s projects and other activities to a wide variety of internal audiences, including senior management. Drafts memos, slide decks and other materials for executive management and internal risk committees.
- Responsible for supporting external outreach efforts, including systemic risk roundtables and other financial industry events, with vital data and research.
- Responsible for contributing to and updating as needed specific policies and procedures, as well as the initial review of job aids.
- Presents on areas of expertise during audits and regulatory exams. Coordinates the timely execution of associated action plans.
Qualifications
- Minimum of 7-10 years of related experience in a financial institution or financial regulatory body
- Master's Degree or PhD in finance, economics or closely related field
- A record of research contributions supported by a record of publications in peer reviewed academic journals in the areas of banking, risk management or macroeconomics.
- Extensive work experience in managing financial risk and working on regulatory requirements within the financial services industry, specific understanding of clearing a is plus
Talents Needed for Success:
- Strong quantitative skills and statistical analysis techniques.
- Excellent oral and written communication skills with ability to explain technical concepts in practical terms
- Strong analytical skills with the ability to clearly present to current and prospective members, regulators, and various departments within the organization
- Extensive work experience in managing financial risk and working on regulatory requirements within the financial services industry, specific understanding of clearing a is plus
- Expertise in the U.S. and global financial markets, knowledge of risk management frameworks (VaR, Backtest, Stress test) current regulatory developments and issues affecting the industry
- Ability to build and lead diverse, impactful team on-site and remotely
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

The Depository Trust & Clearing Corporation (DTCC)

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Director, Systemic Risk Research