Clearance & Settlement Director

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:

As a senior leader within DTC Settlement Operations, the Director plays a critical role in safeguarding the stability, resiliency, and integrity of the U.S. securities settlement ecosystem. This role is responsible for the end-to-end oversight of DTC settlement processing, ensuring the safe, timely, and accurate completion of daily settlement activity across securities and cash obligations. You will lead both Run the Business and Change the Business execution driving operational excellence, strengthening the control environment, and advancing strategic initiatives that modernize settlement capabilities while preserving market stability. In addition, the Clearance & Settlement Director will partner across Technology, Risk, Treasury, and enterprise stakeholders to deliver resilient outcomes for the financial markets.

Your Primary Responsibilities:

• Provide end-to-end leadership and accountability for daily DTC settlement operations, including end-of-day settlement processing, funds and securities movements, exception management, and issue resolution
• Ensure settlement completion through disciplined execution of operational processes, controls, and escalation protocols in a time-critical environment
• Own and continuously strengthen the settlement operations control framework, ensuring adherence to documented procedures, regulatory requirements, and risk management standards
• Serve as the primary point of contact for audits, risk assessments, and control reviews, including ownership of responses, remediation plans, and sustained compliance
• Lead and develop managers and teams, driving performance management, coaching, cross-training, and succession planning to ensure operational resiliency
• Establish and monitor operational metrics and benchmarks to improve efficiency, reduce risk, and enhance service quality
• Oversee business continuity and disaster recovery readiness, ensuring settlement operations can perform during periods of stress or disruption
• Maintain awareness of evolving regulatory requirements, industry initiatives, and settlement-related rule changes, assessing impacts and implementing required operational responses
• Engage with internal and external stakeholders to resolve complex settlement issues and deliver operational excellence
• Drive a culture of accountability, ownership, and continuous improvement across the settlement organization

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

Qualifications:

• Minimum 10+ years of experience in securities operations, clearing, settlement, or related capital markets functions
• Strong working knowledge of DTC securities and cash settlement processes
• Experience with cash settlement and Federal Reserve services, including Fed Funds and NSS
• Demonstrated success leading large or multi-site operational teams in a regulated environment
• Proven experience managing risk, controls, audits, and regulatory interactions
• Bachelor's degree preferred or equivalent professional experience
• Demonstrated data fluency and practical use of AI-enabled productivity tools to synthesize information and improve execution quality is preferred

Leadership Competencies:

• Strategic Thinking: Ability to balance day-to-day operational execution with long-term settlement strategy and modernization goals
• Operational Excellence: Maintains focus on precision, controls, and risk mitigation in a high-volume, time-sensitive environment
• Decisive Leadership: Makes well-informed decisions under pressure and takes accountability for outcomes
• Inclusive Leadership: Builds trust, encourages diverse perspectives, and fosters collaboration across teams and functions
• Leading Change: Champions modernization and innovation while ensuring operational stability and readiness

Talents Needed for Success:

• Self-directed leader with the ability to operate independently while collaborating effectively across the enterprise
• Strong analytical and problem-solving skills with the ability to navigate ambiguity and operational risk
• Excellent written and verbal communication skills, including the ability to influence senior stakeholders
• High degree of professionalism, judgment, and discretion
• Ability to anticipate operational risks and proactively implement mitigation strategies
• Comfortable leading through change, complexity, and periods of elevated market or operational stress
• Demonstrates strong people leadership by developing talent, coaching managers, and building high-performing teams

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

With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2024, DTCC's subsidiaries processed securities transactions valued at U.S. $3.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $99 trillion. DTCC's Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 25 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn , X , YouTube , Facebook and Instagram .

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

Enterprise Services comprises of multiple business platforms including Client Services, Global Business Operations, Business Architecture, Data Strategy and Analytics, and Digital Services, which report into the Chief of Enterprise Services.

These grouped platforms enable the business to optimize delivery for clients, generate efficiencies and resilience, and enable consistency in the business digitization strategy, processes and end-to-end best practices.

Client-provided location(s): Jersey City, NJ

Job ID: DTCC-213230

Employment Type: FULL_TIME

Posted: 2026-04-03T19:34:53