What are the responsibilities and job description for the Compliance Testing 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'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 Counsel's Office, the Associate Director on the Compliance Testing team is responsible for performing Compliance testing, including managing testing staff. The Compliance Testing Associate Director drives planning, fieldwork, and report approvals. The primary measure of success is identifying issues regarding the design and effectiveness of compliance controls, and creating reliable documentation to support their work. The Compliance Testing Associate Director must handle a number of partner relationships, be a good teammate, and mentor more junior team members.
Your Primary Responsibilities:
- In coordination with other management, develops and executes against an annual test plan using risk-based evaluation to compare existing coverage, proposed coverage, related processes, and applicable regulations
- Assesses the risk and control environment for processes within coverage areas
- Identifies important meaningful issues, using root cause analysis, in which controls are not adequately designed or are not operating effectively
- Work with coverage areas leadership to develop action plans to improve controls and to provide ongoing support and monitoring of the implementation of those controls
- Prepares clear and concise test result reports to be reviewed by Compliance leadership and delivered to responsible senior management stakeholders
- Interfaces and builds relationships with the business and support functions to understand tactical and big picture issues in the organization
- Demonstrates a strong commitment to teamwork and collaboration
- Documents work performed clearly and concisely and prepares well-written reports
**NOTE: The Primary Responsibilities of this role are not limited to the details above. **
Qualifications:
- Bachelor's degree preferred with minimum 5 years of related experience.
Talents Needed for Success:
- Previous experience in compliance testing or auditing required
- Advanced knowledge of and ability to interpret financial services industry regulatory requirements
- Advance knowledge and skills in Excel, Word and Powerpoint
- Advance data analysis skills, i.e. the ability to work with large sets of data, perform analysis and derive conclusion
- Highly flexible, able to change direction based on business needs, and multi-project oriented
- Ability to collaborate with various levels of management
- Certifications related to the candidate’s coverage responsibilities are beneficial, but not required, such as Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS), Certified Information Systems Security Professional (CISSP), and Certified Internal Auditor (CIA)
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.
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 Counsel's Office, the Associate Director on the Compliance Testing team is responsible for performing Compliance testing, including managing testing staff. The Compliance Testing Associate Director drives planning, fieldwork, and report approvals. The primary measure of success is identifying issues regarding the design and effectiveness of compliance controls, and creating reliable documentation to support their work. The Compliance Testing Associate Director must handle a number of partner relationships, be a good teammate, and mentor more junior team members.
Your Primary Responsibilities:
- In coordination with other management, develops and executes against an annual test plan using risk-based evaluation to compare existing coverage, proposed coverage, related processes, and applicable regulations
- Assesses the risk and control environment for processes within coverage areas
- Identifies important meaningful issues, using root cause analysis, in which controls are not adequately designed or are not operating effectively
- Work with coverage areas leadership to develop action plans to improve controls and to provide ongoing support and monitoring of the implementation of those controls
- Prepares clear and concise test result reports to be reviewed by Compliance leadership and delivered to responsible senior management stakeholders
- Interfaces and builds relationships with the business and support functions to understand tactical and big picture issues in the organization
- Demonstrates a strong commitment to teamwork and collaboration
- Documents work performed clearly and concisely and prepares well-written reports
**NOTE: The Primary Responsibilities of this role are not limited to the details above. **
Qualifications:
- Bachelor's degree preferred with minimum 5 years of related experience.
Talents Needed for Success:
- Previous experience in compliance testing or auditing required
- Advanced knowledge of and ability to interpret financial services industry regulatory requirements
- Advance knowledge and skills in Excel, Word and Powerpoint
- Advance data analysis skills, i.e. the ability to work with large sets of data, perform analysis and derive conclusion
- Highly flexible, able to change direction based on business needs, and multi-project oriented
- Ability to collaborate with various levels of management
- Certifications related to the candidate’s coverage responsibilities are beneficial, but not required, such as Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS), Certified Information Systems Security Professional (CISSP), and Certified Internal Auditor (CIA)
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.
