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Quantitative Risk Director

1 month 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 risk model and methodology
  • 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
  • Mitigates risk by following established procedures, spotting key errors and demonstrating strong ethical behavior
Qualifications:
  • Minimum of 10 years of experience of market risk management including model development lifecycle and documentation or fundamental credit analysis, or both
  • Master's degree in the quantitative area, economics or finance is required; Ph. D is preferred
Talents Needed for Success:
  • Minimum of 10 years of direct experience in at least one of the following areas: market risk analytics, counterparty credit risk analytics, or whole-sale credit risk models
  • Prior risk analytics experience from relevant broker-dealer firms or international banks with meaningful capital market and whole-sale credit businesses.
  • In-depth product knowledge in one key asset classes: equity, credit, fixed-income, or commodities.
  • Hands-on programming (in SQL in particular and high level programming language such as R, Python, MATLAB) and model development experience serving risk management or capital market business.
  • Extensive experience collaborating with 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.

About Us

DTCC safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry's needs and we're working to continually improve the world's most resilient, secure and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost and bring stability and certainty to the post-trade lifecycle.

DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you'll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It's the chance to make a difference at a company that's truly one of a kind.

Learn more about Clearance and Settlement by clicking here.

About the Team

Our Risk Management teams work to protect the safety and soundness of our systems and are responsible for identifying, managing, measuring and mitigating a spectrum of key risk types including credit, market, liquidity, systemic, operational and technology in all existing and new products, activities, processes and systems.