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
As a member of the Counterparty Credit Risk team, the Associate is primarily responsible for assessing the financial stability of DTCC's member firms by interpreting financial documents of banks, broker-dealers, and other financial firms The team is responsible for a portfolio of member firms and is required to perform annual reviews and ongoing surveillance, as well as review new member applications. The team is also tasked with maintenance of the credit risk rating matrix and assessing compliance with established financial parameters and keeping current on new accounting and regulatory pronouncements that impact member firms.
Your Primary Responsibilities
- Analyze financial documents and apply judgement to identify credit risks, mitigants, and trends in financial institutions’ (e.g., banks, broker-dealers, etc.) capital adequacy, profitability, asset quality, and liquidity/funding management.
- Perform annual reviews and ongoing surveillance of member firms, with growing independence over time, to assess the creditworthiness of member firms and identify member firms that need to be subjected to additional surveillance or mitigants.
- Assist with credit risk monitoring tools, automation, and other risk-related initiatives.
- Collaborate with internal departments such as Market Risk, Product Management, Relationship Management, Legal, and Compliance, such as to share information on risk exposures to member firms.
- Review new member full-service applications to assess whether the applicants’ financial condition meets DTCC member requirements.
- Apply experienced understanding of DTCC's business, CCR's processes, and the risk environment.
- Demonstrate values, including adherence to risk-related policies, regulatory awareness, and a risk management mentality.
- Responsible for a portfolio of less complex counterparties.
- Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; raises appropriately
Qualifications
- Minimum of 4 years of related experience
- Bachelor's degree preferred or equivalent experience
Talents Needed For Success
- Fosters a culture where honesty and transparency are expected.
- Stays current on changes in respective specialist area and seeks out learning opportunities to ensure knowledge is up-to-date.
- Collaborates well within and across teams.
- Communicates openly with team members and others.
- Resolves disagreements between colleagues effectively, minimizing the impact on the wider team.
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.
