What are the responsibilities and job description for the Quantitative Risk Associate Director position at The Depository Trust & Clearing Corporation (DTCC)?
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
Quantitative Risk Management, QRM is responsible for the development and support of models and methodologies for the quantification of risk. QRM also carries out quantitative analysis and other analytical support to firms' risk management and other business needs. Quantitative Risk Management (QRM) is responsible for the development and support of models and methodologies for the quantification of risk. QRM also carries out quantitative analysis and other analytical support for DTCC's risk management and other business needs.
Your Primary Responsibilities
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).
Quantitative Risk Management, QRM is responsible for the development and support of models and methodologies for the quantification of risk. QRM also carries out quantitative analysis and other analytical support to firms' risk management and other business needs. Quantitative Risk Management (QRM) is responsible for the development and support of models and methodologies for the quantification of risk. QRM also carries out quantitative analysis and other analytical support for DTCC's risk management and other business needs.
Your Primary Responsibilities
- Conduct quantitative research/analysis related to fixed income model development, maintenance, and performance monitoring.
- Conduct quantitative risk analysis to support internal risk managers as well as external supervisors and clients.
- Explain model behavior, carry out scenario analyses, develop new quantitative analysis tools.
- Facilitate model specification and model implementation test with Risk Technology team.
- Maintain key data source for model development and quantitative analyses.
- Mitigates risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior.
- Minimum of 5 years of hands-on experience in fixed income and/or risk modeling.
- Master's degree or higher in a quantitative field of study
- Fluent in Python and SQL.
- Knowledge of Treasury Securities and/or MBS pricing and VaR modeling.
- Strong Analytical, quantitative and problem solving skills, as well as demonstrated research skills.
- Good communication skills, both oral and written.
- Attention to detail and focus on quality of deliverable.