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're 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 Counterparty Credit Risk team, the Executive Director is primarily responsible for leading a team in assessing the financial stability of DTCC's member firms by interpreting financial statements 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: 

• Oversee the CCR team in its mandate to analyze, identify, and mitigate the credit risk of member firms and other counterparties.
• Accountable for final review of annual credit reviews and ongoing surveillance of member firms, including identifying when firms may need to be subjected to additional surveillance or mitigants.
• Serve as executive sponsor responsible for oversight and budgeting of multiple complex credit risk projects, including credit monitoring tools, automation, and other risk-related initiatives.
• Foster and maintain strategic relationships with senior staff in internal departments senior management, and external stakeholders such as regulators to negotiate improvements and strategic change.
• Oversee and challenge the analysis of new member full-service applications to assess applicants’ financial condition, their ability to meet DTCC member requirements, and key risk concerns and mitigants.
• Coordinate with DTCC’s Systemic Risk Office (SRO) as it relates to the identification and monitoring of potential systemic risks associated with full-service member.
• Utilize in-depth knowledge of DTCC's business, CCR's processes and subject matter expertise, and the risk environment to guide the strategic direction of the CCR team.
• Establish strategic and tactical goals for the CCR team and DTCC more broadly that emphasize the importance of key values, including adherence to risk-related policies, regulatory awareness, and promoting a risk management mindset.
• Monitor budgets, short and long-term department staffing needs, and staff development needs.
• Demonstrate a compelling presence across the firm to represent the CCR team and support CCR and DTCC strategic initiatives.
• Serve as primary point of contact for all internal Audit and regulatory exams.
• Represent CCR team in external meetings and other forums with member firms and DTCC supervisors.
• Fosters a risk management culture through implementation and demonstration of processes and procedures which identify and mitigate risk.

Qualifications: 

• Minimum of 10 years of credit risk experience covering a diverse set of financial institutions including banks and broker dealers
• Bachelor's or advanced degree in relevant discipline preferred or equivalent experience

Talents Needed for Success:

• Ability to clearly present to current and prospective members, regulators, DTCC risk committees and other stakeholders within the organization.
• Deep understanding of U.S. and global financial markets and ecosystem, knowledge of risk management frameworks current regulatory developments and issues affecting the financial industry.
• Understanding of the key sources of potential systemic threats to DTCC and the securities sector, such as interconnectedness risks, liquidity risk, market risk etc. 
• Significant experience managing counterparty risk associated with financial institutions including banks, broker-dealers and hedge funds.
• Prior credit experience analyzing buy side firms.
• Knowledge of clearance and settlement processes.

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.