Risk Aligned Compliance Associate Director

at  DTCC

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.

QUALIFICATIONS:

• Minimum of 8 years of related experience
• Bachelor’s degree preferred or equivalent experience

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.

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. *