Quantitative Risk Director

17 hours ago


Jersey City, United States Dtcc Full time
Job Description

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:

Being a member of the Quantitative Risk Management Team (QRM), the Quantitative Risk Director will be 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.

Your Primary 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.
Qualifications
  • 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.
Talents Needed for Success
  • Strong knowledge in fixed income securities, including Treasury, Agency, and Mortgage securities.
  • Extensive experience in fixed income model development and model performance monitoring.
  • Meaningful prior experience in interest rate modeling.
  • 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.

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. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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