Embedded Risk Associate Director

DTCC • Jersey City, NJ

4d • $95,000 - $180,000 • Hybrid

About The Position

The Embedded Risk Associate Director is a member of the Clearing & Securities Services team and serves as a strategic first-line risk partner to business and product management. The role provides independent-minded review and challenge while helping management identify, assess, monitor, mitigate, and communicate risks. It strengthens first-line risk oversight by challenging risk assessments, internal control effectiveness, issue management, and management’s risk-response strategies.

The position leads risk and control assessments, change-risk reviews, issue remediation oversight, audit engagement, and business risk governance. It monitors the business risk profile by bringing together information on incidents, controls, audits, regulatory matters, assessments, business changes, and strategic initiatives to identify emerging risks and trends. The role also partners across the first, second, and third lines of defense and drives consistency and continuous improvement in enterprise risk management practices.

DTCC offers a flexible/hybrid work model with three days onsite and two days remote. The role is part of a company that supports professional development and provides compensation and benefits that may vary by location.

Requirements

• Minimum of 8 years of related experience.
• Familiarity with Risk and Control Self-Assessments (RCSAs), including risk identification, inherent and residual risk assessment, control design evaluation, and challenge of risk ratings.
• Prior experience in Risk Management and Incident Management.
• Experience with stakeholder management and influencing senior leadership.
• Knowledge of issue lifecycle management, audits, and control frameworks.
• Financial services business acumen, including ability to understand supported business areas, critical services, and client impacts, and align risk assessments to the business.
• Ability to execute and deliver in a fast-paced environment.
• Proactive approach to cultivating a risk mentality.

Nice To Haves

• Bachelor’s degree or equivalent experience is preferred.
• Inclination toward AI-driven risk insights, automation, and data-led decision-making.
• Ability to leverage data for trend analysis, predictive risk identification, and reporting optimization.
• Ability to act as a change ambassador and drive improvements.

Responsibilities

• Serve as a strategic first-line risk partner to Business and Product Management, providing review and challenge and helping management identify, assess, monitor, mitigate, and communicate risks.
• Lead and coordinate Risk and Control Self-Assessments (RCSAs), partnering with Risk Family SMEs and Aligned Risk Management to assess risk applicability, inherent risk, control effectiveness, and residual risk; challenge ratings and rationale and obtain business-owner review and approval.
• Lead Comprehensive Program Risk Assessments (CPRAs) and other change-risk assessments for strategic initiatives, modernization programs, new products and services, and significant business or technology changes.
• Monitor and assess the business risk profile using information from incidents, issues and actions, control performance, audits, regulatory matters, assessments, business changes, and strategic initiatives; identify emerging risks, concentrations, and trends.
• Review and challenge risk incidents and control breakdowns, including root cause, business and client impact, control alignment, recurring themes, and broader implications.
• Oversee the Issue and Action lifecycle, including self-identified issues, remediation-plan adequacy, milestone monitoring, escalation of at-risk items, closure-package review, and sustainability considerations.
• Review and challenge the Process, Risk and Control framework, including control design, control mappings, control-testing results, and GRC data.
• Lead ERM engagement for internal and external audits, coordinating business readiness and information requests, identifying potential risk or control concerns, supporting Management Self-Identified Issues where appropriate, and monitoring remediation of findings.
• Coordinate business risk governance and senior-management reporting, including quarterly risk meetings, risk-tolerance assessments, executive risk reporting, and other governance forums; synthesize risk information into themes, decisions, and matters requiring management attention.
• Coordinate risk oversight across enterprise risk programs and regulatory obligations, including regulatory reporting, business continuity and resiliency, third-party risk, model risk, EUCAs, clearing agency/link risk reviews, and other applicable frameworks.
• Partner across the first, second, and third lines of defense as the primary risk liaison among Business Management, Risk Family SMEs, Aligned Risk Management, Compliance, Audit, and other control functions.
• Drive continuous improvement and consistency across ERM practices by identifying opportunities to standardize processes, improve reporting and governance, strengthen documentation, and make ERM activities more efficient and scalable.

Benefits

• Competitive compensation, including base pay and annual incentive.
• Comprehensive health and life insurance and well-being benefits, based on location.
• Pension and retirement benefits.
• Paid time off, personal/family care, and other leaves of absence.
• Flexible/hybrid work model of three days onsite and two days remote.
• Professional development investment and opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior