Stress Testing Director

DTCC • Jersey City, NJ

20h • Hybrid

About The Position

Financial Risk & Governance’s mission is to effectively identify, measure, monitor, and manage market, liquidity, and stress testing risks related to DTCC’s clearing and settlement processes, its members, and the broader markets. In addition, FR&G provides critical governance and quality assurance capabilities across key risk functions, ensuring alignment with rigorous organizational and regulatory standards. Operating under authority delegated by the Board and senior management, FR&G manages these risks within established risk tolerances. This team works closely with Quantitative Risk Management and Counterparty Credit Risk to maintain an integrated, enterprise-wide approach to financial risk management and support a strong second line of defense. FR&G’s primary objectives for DTCC’s clearing agencies and joint ventures include: Maintaining sufficient collateral to cover potential losses associated with the liquidation of a defaulting member or family portfolio under extreme but plausible scenarios. Ensuring adequate liquidity resources are available so each entity can settle transactions as contracted in the event of a failure by the largest member or family under extreme but plausible conditions. Continuously enhancing policies, procedures, and processes that support effective member surveillance and appropriate responses to distress events. Maintaining deep product expertise and a robust risk framework to effectively measure and manage market, liquidity, and credit risks. The Director of Stress Testing is responsible for providing independent oversight and continuously enhancing DTCC’s risk management framework across clearing agency and joint venture activities. As a key member of the second line of defense, this individual will provide independent challenge to first-line methodologies, assumptions, and risk management practices. The Director of Stress Testing will lead the design, execution, and governance of stress testing frameworks used to assess risk exposures under extreme but plausible market conditions. Responsibilities include developing forward-looking stress scenarios, evaluating scenario severity, and assessing impacts across market, credit, and liquidity risk exposures. The role oversees stress testing methodologies, assumptions, and results to ensure comprehensive risk coverage and alignment with regulatory expectations. The scope of testing will include both Default Management and Recovery & Wind-Down Planning activities. This role partners closely with Risk Management teams and business stakeholders to support strong risk practices while helping evaluate new products, initiatives, and changes in market structure. A solid understanding of financial markets, quantitative methodologies, and scenario-based risk analysis is critical for identifying vulnerabilities and assessing resiliency across DTCC entities. Familiarity with regulatory frameworks and industry standards such as PFMI, EMIR, CFTC, and SEC requirements is also highly valued.

Requirements

• Minimum of 10 years of experience in stress testing, financial risk management, risk modeling, margin methodologies, and guaranty fund frameworks within financial services or market infrastructure environments.
• Bachelor's degree required
• Encourages innovative thinking and brings new perspectives to challenges and opportunities.
• Fosters an environment where teams feel empowered to respectfully challenge assumptions, methodologies, and established viewpoints.
• Communicates complex information clearly and effectively, both in writing and verbally, across audiences of varying sizes and levels.
• Leads through change with confidence and adaptability, embracing transformation while fostering a culture of accountability, ownership, and continuous improvement.
• Builds strong partnerships and collaborates effectively across functions to drive sound decision-making and achieve business objectives.
• Promotes a culture of risk awareness, transparency, and continuous learning while developing and empowering high-performing teams.

Nice To Haves

• advanced degree in Finance, Economics, Mathematics, Statistics, Engineering, or a related field is preferred.
• Familiarity with regulatory frameworks and industry standards such as PFMI, EMIR, CFTC, and SEC requirements is also highly valued.

Responsibilities

• Proactively identify and assess changes in members' risk exposures under stress scenarios, including impacts on margin requirements, liquidity resources, and overall financial resilience.
• Escalate emerging risks and recommend appropriate mitigation strategies.
• Monitor market developments, economic conditions, and industry trends to inform stress scenario design, severity calibration, and forward-looking risk assumptions.
• Provide independent risk insights and effective challenge to risk committees and senior leadership regarding stress testing results, scenario coverage, and emerging risk drivers.
• Design, develop, and maintain stress testing frameworks, including scenario development, methodology enhancements, testing execution, and governance processes.
• Lead the ongoing enhancement of policies, procedures, and controls to ensure compliance with regulatory expectations and alignment with industry’s best practices.
• Oversee internal audits, regulatory examinations, and supervisory engagements related to stress testing and financial risk management activities.
• Assess the impact of new business initiatives, products, and market structure changes on existing risk frameworks, controls, and risk exposures.
• Partner closely with first-line teams to provide independent challenge and promote adherence to established risk management practices and governance standards.
• Drive improvements to risk systems, reporting capabilities, and governance processes to enhance risk monitoring, transparency, and decision-making.
• Champion the continuous evolution of risk management practices, including escalation protocols, documentation standards, and control effectiveness.
• Present key risk assessments, stress testing outcomes, and risk metrics to senior management, governance committees, and regulatory stakeholders.

Benefits

• 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.

What This Job Offers

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