Market Risk Senior Associate at DTCC Candidate Experience Site

Jersey City, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

30 Apr, 26

Salary

0.0

Posted On

30 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Market Risk, Liquidity Risk, Risk Management, Financial Markets, Collaboration, Problem Solving, Client Support, Margin Calculations, Economic Trends, Surveillance, Ethical Behavior, Communication, Continuous Improvement, Teamwork, Education, Monitoring

Industry

Financial Services

Description

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: 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 to manage these risks within defined risk tolerances under delegated authority 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&G's 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 • Support 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) is responsible for monitoring daily margin calculations and managing market and liquidity risk exposures arising from trade execution and settlement activities in the clearing corporations and the depository. Responsibilities include driving new business initiatives, overseeing risk systems design and continuous enhancements, compliance with Risk Management policies and procedures, understanding of margining methodologies, keen awareness of financial markets and client profiles, and effectively collaborate with other DTCC teams to identify, analyze, and mitigate potential risks and safeguard financial markets in which DTCC plays a pivotal role. Your Primary Responsibilities: 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 following established procedures, identifying and escalating emerging risks, and demonstrating strong ethical behavior. 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. Collaborate 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 **NOTE: The Primary Responsibilities of this role are not limited to the details above. ** Qualifications: Minimum of 6 years of related experience Bachelor's degree preferred or equivalent experience Fosters a culture where honesty and transparency are expected. Stays current on changes in their own specialist area and seeks out learning opportunities to ensure knowledge is up to date. Invests effort to individually coach others. Builds collaborative teams across the organization. Communicates openly keeping everyone across the organization informed. Talents Needed for Success: 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. With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2024, DTCC’s subsidiaries processed securities transactions valued at U.S. $3.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $99 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 25 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, X, YouTube, Facebook and Instagram. DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you’ll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It’s the chance to make a difference at a company that’s truly one of a kind. Learn more about Clearance and Settlement by clicking here. Our Risk Management teams work to protect the safety and soundness of our systems and are responsible for identifying, managing, measuring and mitigating a spectrum of key risk types including credit, market, liquidity, systemic, operational and technology in all existing and new products, activities, processes and systems.

Responsibilities

The role involves proactively identifying and evaluating changes in members' market risk exposures and liquidity needs, while providing timely solutions to mitigate these exposures. Additionally, it includes monitoring market conditions and collaborating with cross-functional teams to enhance risk management practices.