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About this Opportunity
Financial Risk & Governance ("FR&G")'s 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, collectively referred to as Financial Risk Management ("FRM"), 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; and
•Manage FR&G to maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity and credit risks.
Data Integrity ("DI") is responsible for data management, data governance, and data quality consumed by the functions within FRM. DI leverages tools to manage data quality based on logical rules and thresholds across one or more of the following dimensions: accuracy, completeness, conformity, consistency, coverage, duplication and timeliness. DI also manages third party vendor relationships utilized by the teams across FRM.
What You'll Do
Sound Like You?
Full Time
$76k-103k (estimate)
03/14/2024
05/13/2024