Liquidity Risk & Stress Testing Associate

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:

FR&Gs 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 under delegated authority from the Board and senior management to manage these risks within defined risk tolerances, as 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&Gs 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.

• Manage FR&G to maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity and credit risks. Liquidity Risk & Stress Testing is responsible for monitoring and managing market and liquidity risk exposures arising from trade execution and settlement activities in the clearing corporations and the depository, including in extreme but plausible market conditions. Responsibilities also include driving new business initiatives, overseeing risk systems design and continuous enhancements, compliance with Risk Management policies and procedures. Understanding of stress testing methodologies, keen understanding of financial markets and client profiles. Abilitiy to identify, analyze, and mitigate potential risks and safeguard financial market in which DTCC plays a pivotal role.

Your Primary Responsibilities: 

• Proactively identify and evaluate change in member’s liquidity risk exposures, liquidity needs and settlement obligations to escalate and mitigate exposures in timely manner.
• Monitor market conditions and economic trends to anticipate potential risks, potential impact on members’ liquidity obligations, and impact on the stress scenario inventory.
• Mitigates risk by following established procedures, identifying and escalating emerging risks, and demonstrating strong ethical behavior.
• Performs day-to-day functions contained in the procedures such as researching significant increases in liquidity obligations, analyzing stress-testing results, tracking trading patterns of member firms, liquidity usage, etc.
• Develop an advanced understanding of clients’ business and risk profiles to serve as a point of contact for risk related support and inquiries.
• Collaborates with cross-functional teams including Counterparty Credit Risk, Market Risk, Operations, Treasury, Quantitative Risk, and 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

Qualifications:

• Minimum of 3+ years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed for Success:

• Experience in Risk Management, Finance, Treasury, or other control functions within a financial service setting is required
• Broad understanding of liquidity risk management and stress testing
   

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.