What are the responsibilities and job description for the Quantitative Risk Associate Director position at DTCC Candidate Experience Site?
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:
Being a member of the Quantitative Risk Management (QRM) team, the Quantitative Risk Associate Director 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:
- Maintain and enhance in-house risk models.
- Develop model performance measurements, generate model performance monitoring report, and perform ad hoc analysis to explain model behavior.
- Conduct research related to capital market and risk modeling.
- Develop, establish, and maintain key analytical process.
- Collaborate with related teams on model validation, production implementation, etc.
Qualifications:
- Master’s degree or higher in a quantitative field of study
- 5 years of hands-on experience in quantitative models, research, with deep understanding in equity, fixed income, or derivatives market.
Talents Needed for Success:
- Familiar with banking, financial institutions, financial instruments, and capital markets
- Knowledge of risk analytics of Treasury securities, MBS pricing, equity, or/and short term financing instruments.
- Strong analytical, quantitative, and problem-solving skills, as well as demonstrated research capacity; knowledge and experience on data science/Machine Learning a plus.
- High Level of digital literacy, ability to work efficiently with Python (or C ), SQL, Excel, and/or R; experience with snowflakes a plus
- Good communication skills, both oral and written
- Excellent attention to detail and focus on quality of deliverables.
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.
