Market Risk Associate

DTCC Digital Assets•Jersey City, NJ

33d•Hybrid

About The Position

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. FR&Gs mission is to provide effective and efficient identification, measurement, monitoring and control of market, liquidity & Stress Testing related to the clearing and settlement processes for DTCC, its members and the markets. In addition, FR&G provides critical governance and quality assurance capabilities for key risk functions that are developed to meet rigorous organizational and regulatory standards. FR&G works to manage these risks within defined risk tolerances under delegated authority, as approved by the Board and senior management. FR&G collaborates closely with Quantitative Risk Management and the Counterparty Credit Risk teams to maintain an integrated and comprehensive approach to financial risk management at DTCC to support an effective second line of defense. FR&Gs' prime directive for DTCC's applicable clearing agencies and joint ventures consists of the following: Maintain sufficient collateral to cover any losses associated with the liquidation of any defaulting member or family portfolio under extreme but plausible scenarios. Ensure that sufficient liquidity resources are available so that each entity is able to settle all transactions as contracted in the event of a failure by the single largest member or family under extreme but plausible circumstances. Exercise continuous improvement of policies, procedures and processes that support robust, ongoing member surveillance and effective but appropriate response to distress events; and Support FR&G to maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity and credit risks. Market Risk for Fixed Income Clearing Corporation (FICC) is responsible for monitoring daily margin calculations and managing market and liquidity risk exposures arising from trade execution and settlement activities in the clearing corporations. Responsibilities include driving new business initiatives, overseeing risk systems design and continuous enhancements, compliance with Risk Management policies and procedures, understanding of margining methodologies, keen awareness of financial markets and client profiles, and effectively collaborate with other DTCC teams to identify, analyze, and mitigate potential risks and safeguard financial markets, in which DTCC plays a pivotal role.

Requirements

Bachelor's degree preferred or equivalent experience
Minimum of 4 years of related experience
Fosters a culture where honesty and transparency are expected.
Stays current on changes in their own specialist area and seeks out learning opportunities to ensure knowledge is up to date.
Collaborates well within and across teams.
Communicates openly with team members and others.
Resolves disagreements between colleagues effectively, minimizing the impact on the wider team.

Responsibilities

Perform day-to-day functions contained in the procedures such as researching significant increases in margin requirements, tracking trading patterns of member firms, liquidity usage, etc.
Develop a strong understanding of clients' business and risk profiles to serve as a point of contact for risk related support and inquiries.
Mitigate risk by following established procedures, identifying and escalating emerging risks, and demonstrating strong ethical behavior.
Collaborate with cross functional teams including Counterparty Credit Risk, Liquidity Risk, Operations, Quantitative Risk, Relationship Management to bolster risk management practices.
Educate clients on risk management tools and initiatives.
Aligns risk and control processes into day-to-day responsibilities to monitor and mitigate risk; escalates appropriately

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).

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