Job DescriptionAre 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 Aligned Compliance team, the Associate Director will assist in the evaluation and monitoring of key Financial Risk Management related controls used by DTCC to adhere with its regulatory requirements, primarily Covered Clearing Agency Standards ( CCAS ). This department maintains a centralized inventory of regulatory requirements for Market, Credit, and Liquidity Risk and facilitates mapping of those requirements to controls, conducts monitoring, and testing to validate those controls are fit for purpose and adhered to. In addition, the Risk Aligned Compliance Associate Director will monitor Policy and Procedures that demonstrate compliance with Risk's regulatory requirements, work with management to address gaps and inconsistencies, and prepare 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 in conducting continued risk-based evaluation of existing processes and related controls to challenge adequacy relative to the existing regulations and standard processes
- Work with applicable areas to develop action plans for development and improvement of compliance controls and provide ongoing support to the implementation of those controls
- Support Regulatory Relations, General Counsel's Office, and Business areas in regulatory examinations, inspections and inquires
- Supervise the regular production of Regulatory Reports prepared by the relevant Risk function and evaluate the internal controls associated with report accuracy and completeness
- Assist Compliance Risk Assessment and Testing in monitoring key inherently high-risk compliance requirements and efficiency of related processes, controls, and metrics
- Monitor DTCC Policies and Procedures to maintain compliance with key regulations and identify and address any gaps or inconsistencies and test/monitor for adherence to key controls
- Track status updates of all regulatory and Internal Audit findings, as well as material Operational incidents
- Participate in the design and execution of topical and thematic targeted Compliance Risk Assessments
**NOTE: Responsibilities of this role are not limited to the details above. **Qualifications:
- Minimum 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 subject area and familiarity with associated controls, processes, and standard methodologies with direct exposure to Market, Credit and/or Liquidity risk stripes
- Proven understanding of banking and securities laws
- Project management experience
- A highly organized and disciplined individual with strong time leadership skills
- Experience working at or with financial services regulators (e.g., SEC, FRB, NYSDFS, CFTC, ESMA, etc.) is helpful
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.About UsDTCC safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry's needs and we're working to continually improve the world's most resilient, secure and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost and bring stability and certainty to the post-trade lifecycle.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.About the TeamThe General Counsel's Office is a valued, trusted and responsive partner within DTCC. The team promotes and protects the best interests of the DTCC family of companies by creating and facilitating solutions and providing guidance on legal and regulatory matters.The Compliance Department is dedicated to protecting DTCC against risks of non-compliance with applicable laws and regulatory matters affecting DTCC and its subsidiaries, including evaluating and responding to new and changing federal, state, local and administrative regulations.