Compliance Risk Assessments & Testing Director

Job Description

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.

The General Counsel's Office is a valued, trusted and responsive partner within DTCC. The team promotes and protects the best interests of the DTCC family of companies by creating and facilitating solutions and providing guidance on legal and regulatory matters.

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 Counel's Office team, the Director will manage compliance risk through leadership of a team of risk assessment and testing professionals within DTCC's Compliance Practices group.

Your Primary Responsibilities

• Lead the Compliance Risk Assessment program, which includes leading the team that designs the risk assessment, coordinates its execution, and performs analysis and and prepares reporting of results
• Lead the Testing team in the identification, development, and execution of tests that assess the effectiveness of compliance controls across DTCC
• Identify control deficiencies and assists the business with identifying sustainable corrective actions
• Review test workpapers to assess that test work is comprehensive and clearly and concisely documented, and review or prepare results reports
• Interface and build relationships with the Aligned Compliance and the business and support functions to effectively implement the Compliance Risk Assessment and Compliance Testing programs
• Evaluate and enhance processes within the Compliance Risk Assessments & Testing group, and mitigate risk by following established procedures, spotting errors and demonstrating strong ethical behavior
• Oversee and lead other special projects or assignments, as needed
• Champion an environment of regulatory awareness and maintain awareness of regulatory requirements and ongoing changes in DTCC’s business
• Demonstrate and embed behaviors and competencies that create a risk management attitude across the organization
• Support and monitor ongoing staff education and development in effective risk management
• NOTE: The Primary Responsibilities of this role are not limited to the details above. **
  
  

Qualifications

• Minimum of 8 years of Compliance or Audit risk assessments and/or testing related experience
• Bachelor's degree or equivalent experience in business-related field preferred; advanced degree and/or certification a plus
• Experience leading a team
• Strong ability to identify and assess risk and recommend controls to mitigate risk
• Skilled in the development and execution of control testing
• Strong writing skills in order to document well-written testing reports
  
  

Talents Needed For Success

• Strong knowledge of compliance principles and standards, including industry standard methodologies and compliance controls
• Strong knowledge of the financial services industry and regulatory environment
• Knowledge of and ability to interpret financial services industry regulatory requirements
• Strong written and verbal communication skills and attention to detail
• Strong organizational, project management, analytical, problem-solving, and decision-making skills
• Highly flexible, able to change direction based on demands, and multi-project oriented
• Ability to engage with various levels of management
• Proven track record of leading staff across locations
  
  

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.

About Us

DTCC safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry’s needs and we’re working to continually improve the world’s most resilient, secure and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost and bring stability and certainty to the post-trade lifecycle.

DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you’ll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It’s the chance to make a difference at a company that’s truly one of a kind.

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About The Team

The General Counsel's Office is a valued, trusted and responsive partner within DTCC. The team promotes and protects the best interests of the DTCC family of companies by creating and facilitating solutions and providing guidance on legal and regulatory matters.

The Compliance Department is dedicated to protecting DTCC against risks of non-compliance with applicable laws and regulatory matters affecting DTCC and its subsidiaries, including evaluating and responding to new and changing federal, state, local and administrative regulations.