Market Risk 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 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.

FR&Gs mission is to provide effective and efficient identification, measurement, monitoring and control of market, liquidity & Stress Testing related to the clearing and settlement processes for DTCC, its members and the markets. In addition, FR&G provides critical governance and quality assurance capabilities for key risk functions that are designed to meet rigorous organizational and regulatory standards. FR&G works under delegated authority from the Board and senior management to manage these risks within defined risk tolerances, as approved by the Board and senior management. FR&G collaborates closely with Quantitative Risk Management and the Counterparty Credit Risk teams to maintain an integrated and comprehensive approach to financial risk management at DTCC to support an effective second line of defense. FR&Gs prime directive for DTCC's applicable clearing agencies and joint ventures consists of the following: • Maintain sufficient collateral to cover any losses associated with the liquidation of any defaulting member or family portfolio under extreme but plausible scenarios; • Ensure that sufficient liquidity resources are available so that each entity is able to settle all transactions as contracted in the event of a failure by the single largest member or family under extreme but plausible circumstances; • Exercise continuous improvement of policies, procedures and processes that support robust, ongoing member surveillance and effective but appropriate response to distress events; and • Manage FR&G to maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity and credit risks. Market Risk for Fixed Income Clearing Corporation (FICC) and National Securities Clearing Corporation (NSCC) is responsible for the monitoring of daily margin calculation and managing market and liquidity risk exposures arising from trade execution and settlement activities in the clearing corporations and the depository. Responsibilities also include driving new business initiatives, overseeing risk systems design and continuous enhancements, compliance with Risk Management policies and procedures. Responsible for understanding of margining methodologies, keen understanding of financial markets and client profiles, and effectively collaborate with other DTCC teams to identify, analyze, and mitigate potential risks and safeguard financial market in which DTCC plays a pivotal role.

• 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).

• Provide senior oversight of daily market and liquidity risk activities, including market risk, stress testing, liquidity sufficiency, and member exposure monitoring across DTCC clearing entities as we move toward 24x7 clearing.
• Ensure risk management practices adhere to DTCC policies, procedures, and regulatory expectations, exercising sound [LL1] judgment and timely escalation where required.
• Partner closely with Quantitative Risk Management, Counterparty Credit Risk, and Clearing & Settlement stakeholders to support a cohesive and integrated financial risk framework.
• Drive continuous improvement of risk methodologies, processes, and controls to strengthen resilience under extreme but plausible market stress scenarios.
• Support enhancements to market, liquidity, and stress testing risk systems, tools, and reporting infrastructure through collaboration with technology and other stakeholders.
• Support risk assessments related to new initiatives, products, or material changes as required, consistent with established risk frameworks and governance.
• Lead, develop, and manage Market and Liquidity Risk professionals across the regional offices, including hiring, performance management, coaching, and career development.
• Serve as a senior leadership presence for the FR&G regional offices, fostering engagement, coordination, and collaboration across teams, regardless of reporting alignment.
• Operate effectively in a matrixed environment, influencing stakeholders and driving outcomes across functions and regions, including in the absence of direct management authority.
• Establish strong cross-functional relationships to promote alignment, resolve competing priorities, and deliver consistent execution of risk objectives
• Provide senior leadership and serve as a central point of communication across stakeholders, providing clear, transparent, and timely updates on risk exposure, emerging issues, and strategic initiatives.
• Support responses and inquiries from internal audits, regulatory examinations, and governance reviews, including issue remediation and appropriate escalation to senior management.
• Contribute to global risk governance forums, leadership discussions, and cross-functional initiatives to support DTCC's broader risk management strategy and objectives.

• Minimum of 10 years of related experience
• Bachelor's degree required; advanced degree (Master's, MBA, or equivalent) preferred.

• Significant experience in market risk, liquidity risk, stress testing, or financial risk management within a clearing organization, exchange, bank, or financial market infrastructure environment.
• Proven people leadership experience, including direct line management of managers and/or senior professionals.
• Demonstrated ability to provide leadership influence and coordination across teams without direct reporting relationships, particularly in regional or multi-location environments.
• Strong understanding of financial markets, margining methodologies, liquidity risk frameworks, and regulatory expectations applicable to clearing agencies.
• Strong communication, judgment, and stakeholder engagement skills, with the ability to operate effectively at senior leadership levels.