Liquidity Risk & Stress Testing Associate

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.

Pay and 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).

The impact you will have in this role :

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 designed to meet thorough organizational and regulatory standards.

FR&G works under delegated authority from the Board and senior management to handle these risks within defined risk tolerances, 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
• Manage FR&G to maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity and credit risks.

Being a member of the Liquidity Risk & Stress Testing team, the Associate is responsible for monitoring and handling market and liquidity risk exposures arising from trade execution and settlement activities in the clearing corporations and the depository, including in extreme but plausible market conditions.

Responsibilities also include driving new business initiatives, coordinating risk systems design and continuous improvements, compliance with Risk Management policies and procedures.

Understanding of stress testing methodologies, keen understanding of financial markets and client profiles. Ability to identify, analyze, and mitigate potential risks and safeguard financial market in which DTCC plays a pivotal role.

Your Primary Responsibilities :

• Performs day-to-day functions contained in the procedures conducting analysis of stress testing scenarios, researching significant increases in liquidity obligations, analyzing stress-testing results, 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.
• Develops an understanding of key risk exposures to the clearing corporations and the depository to support design and review of stress scenarios.
• Mitigates risk by following established procedures, identifying and escalating emerging risks, and demonstrating strong ethical behavior.
• Collaborates with cross-functional teams including Counterparty Credit Risk, Market Risk, Operations, Treasury, Quantitative Risk, and 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

NOTE : The Primary Responsibilities of this role are not limited to the details above.

Qualifications :

• Minimum of 4 years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed for Success :

• Fosters a culture where honesty and transparency are expected.
• Stays current on changes in his / her 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.

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations.