Senior Model Risk Analyst

9 hours ago


Jersey City, New Jersey, United States Dtcc Full time
About the Role

We are seeking a highly skilled Senior Model Risk Analyst to join our team at DTCC. As a key member of our Risk Management team, you will be responsible for overseeing enterprise-wide model risk management and supporting front-line units in managing model risk.

Key Responsibilities
  • Assist with daily issue management process, including reviewing and entering issue descriptions, monitoring the progress of action plans, and reporting.
  • Responsible for attending firm-wide initiatives meetings and reviewing third party requests to proactively identify models, making model determinations on potential models, and documenting rationale.
  • Produce and maintain reports for stakeholders, including senior management and Board members, in order to provide transparency and to facilitate decision-making.
  • Assist with annual model survey process, including the administration of the survey, analysis of the survey responses, collection and documentation of effective challenge from subject matter expert (SME), and collation of results.
  • Develop and implement automation tools for enhanced reporting and team efficiency.
  • Assist in writing and maintaining procedures and job aids and identify procedure gaps, update procedures to fill gaps as needed.
  • Assist in performing ad hoc analysis to identify gaps in quality of various MRM processes, design, and implement solutions.
Requirements
  • Minimum of 2 years of financial services industry experience
  • Bachelor's degree in a related field, preferably in statistics, computer science, economics or finance
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.



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