Job 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 are 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 Operation Risk Management, ORM team, the Third Party Risk Senior Manager establishes protocols for analyzing, reporting, advancing, and mitigating operational risks. Ops Risk works with the business unit management and support functions to help them manage their operational risk exposures. Third Party Risk (TPR) establishes the Third Party Risk Management framework for the organization. TPR identifies, assesses and mitigates the risks that Third Parties pose to the organization through risk assessments, due diligence reviews, and implementation of ongoing monitoring requirements for Critical and High-rated Third Parties.
Your Primary Responsibilities
- Provide strategic direction and oversee risk management activities to meet team, department, and company goals. Take the lead on regulatory requests, exams and audits. Accountable for action plans from audits and exams.
- Partner with control functions to ensure standardization of Third Party Risk management policies, procedures and contractual requirements. Where appropriate, uses technical subject matter expertise to implement process improvements.
- Provide guidance, training and support on Third Party Risk policies, practices and procedures for staff and impacted team members at all levels of the organization.
- Oversees team performance, develops and coaches direct reports and the team. Responsible for talent management and performance development. Provide ongoing feedback and opportunities to learn.
- Act as a strategic advisor for risk initiatives. Prioritize team's book of work, focusing on high-value, critical projects that align to the overall strategic risk management goals across the enterprise. Proactively mitigate roadblocks.
- Ensure performance against departmental benchmarks. Ability to establish metrics and reporting for audiences at all levels of the organization, including but not limited to the Management Risk Committee and the Board Risk Committee.
- Develop and recommend strategies and tactical approaches that streamline activities and increase efficiency to eliminate bottlenecks. Perform gap analysis of processes to ensure compliance with regulatory requirements and account for emerging risks.
- Develop and strengthen relationships with business partners and risk control functions. Lead discussions with internal and external partners to plan and complete process enhancements. Participate in working group meetings, as necessary.
- Demonstrate effective written and verbal communication skills, lead meetings and provide thought leadership. Foster an environment of regulatory awareness and ensure regulatory compliance.
- Mitigates risk by following established procedures, spotting key errors and demonstrating strong ethical behavior.
Qualifications
- Minimum of 10 years of related experience
- Bachelor's degree preferred or equivalent experience
Talents Needed For Success
- Inspires different approaches or ways of working.
- Inspires teams to constructively challenge established views.
- Presents information clearly in writing and orally in larger group settings.
- Convinces others on key topics by presenting persuasive arguments and alternative approaches.
- Sets an example for others by personally embracing change; Builds ownership for change by empowering others to lead change initiatives.
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 Us
DTCC 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.
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About The Team
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.
