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 are 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).
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The impact you will have in this role:
As a member of the Counterparty Credit Risk team, the Associate will be responsible for assessing the financial stability of DTCC's member firms by interpreting financial documents of banks, broker-dealers, and other financial firms. The team is responsible for a portfolio of member firms and is required to perform annual reviews and ongoing surveillance, as well as review new member applications. The team is also tasked with maintenance of the credit risk rating matrix and assessing compliance with established financial parameters and keeping current on new accounting and regulatory pronouncements that impact member firms.
Your Primary Responsibilities:
- Analyze financial documents and apply judgement to identify credit risks, mitigants, and trends in financial institutions' (e.g., banks, broker-dealers, etc.) capital adequacy, profitability, asset quality, and liquidity/funding management
- Perform annual reviews and ongoing surveillance of member firms, with growing independence over time, to assess the creditworthiness of member firms and identify member firms that need to be subjected to additional surveillance or mitigants
- Assist with credit risk monitoring tools, automation, and other risk-related initiatives
- Collaborate with internal departments such as Market Risk, Product Management, Relationship Management, Legal, and Compliance, such as to share information on risk exposures to member firms
- Review new member full-service applications to assess whether the applicants' financial condition meets DTCC member requirements
- Apply experienced understanding of DTCC's business, CCR's processes, and the risk environment
- Demonstrate values, including adherence to risk-related policies, regulatory awareness, and a risk management mentality
- Responsible for a portfolio of less complex counterparties
- Align risk and control processes into day-to-day responsibilities to monitor and mitigate risk
NOTE: The Primary Responsibilities of this role are not limited to the details above.
Qualifications:
- Minimum 4 years of related experience
- Bachelor's degree (preferred) or equivalent experience
Talents Needed for Success:
- Foster a culture where honesty and transparency are expected
- Stay current on changes in the industry and seek out learning opportunities to ensure knowledge is up to date
- Collaborate well within and across teams
- Communicate openly with team members and others
- Resolve disagreements between colleagues effectively minimizing the impact on the wider team
We offer top class training and development for you to be an asset in our organization!
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.