Quantitative Risk Associate Director

DTCC • Jersey City, NJ

9h • 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.

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 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.

Requirements

• Minimum 8 years of relevant experience in quantitative analysis or model‑driven roles
• Bachelor’s degree in quantitative discipline (e.g., Mathematics, Statistics, Finance, Economics, Engineering, or related field)

Nice To Haves

• Experience conducting quantitative research and analysis to support model development, maintenance, and performance monitoring
• Hands‑on experience building and maintaining model prototypes for model development
• Experience supporting or facilitating model risk management activities
• Ability to partner with Risk Technology teams on model specification and model engine testing
• Experience maintaining and managing key data sources used for model development and quantitative analysis
• Serves as a trusted coach or mentor within the organization.
• Communicates openly keeping everyone across the organization informed.

Responsibilities

• Conduct quantitative research/analysis related to model development, maintenance, and performance monitoring.
• Conduct quantitative risk analysis to support other business units.
• Build and maintain model prototypes for model development.
• Facilitate model risk management activities.
• Facilitate model specification and model engine test with Risk Technology team.
• Maintain key data source for groups model development and quantitative analyses.
• Mitigates risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior.

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).

What This Job Offers

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