Quantitative Risk Director

DTCC Candidate Experience Site • Jersey City, NJ

104d

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.

Requirements

• Minimum of 10 years of experience in fixed income and/or market risk modeling.
• Master's degree in the quantitative discipline is required; Ph. D is preferred.

Nice To Haves

• Strong knowledge in fixed income securities, including Treasury, Agency, and Mortgage securities.
• Extensive experience in fixed income model development and model performance monitoring.
• Prior risk analytics experience in fixed income a big plus.
• Hands-on programming (in SQL in particular and other high level programming language such as Python) skills.
• Extensive experience collaborating with cross functional teams such as model validation, IT development, and risk managers.
• Strong written and verbal communication skills and extensive experience working with regulatory authorities.

Responsibilities

• Be the leading subject expert of fixed income risk model and methodology.
• Conduct quantitative research/analysis related to fixed income model development, maintenance, and performance monitoring.
• Conduct quantitative risk analysis to support other business units and the regulatory supervisors.
• Build and maintain model prototypes for model development.
• Facilitate model risk management activities.
• Facilitate model specification and model engine test with Risk Technology team.
• Mitigates risk by following established procedures, 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.
• Flexible/hybrid model of 3 days onsite and 2 days remote.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Master's degree
• Number of Employees: 1,001-5,000 employees