Stress Testing Executive Director

Job Description

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.

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.

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:

DTCC is seeking a strategic and experienced Head of Stress Testing to lead the design and execution of our clearing house's stress testing program. This role is critical to safeguarding the integrity and resilience of our central counterparty services. The ideal candidate will have extensive experience in hypothetical, historical, and special event stress testing, with deep knowledge of clearing risk frameworks and recovery and wind-down planning as required by international standards (e.g., PFMI, EMIR, CFTC, SEC). This is a senior role with high access to stakeholders such as regulators, internal audit, clearing members, market participants, and senior management, and is essential to ensuring DTCC continues to operate in a safe, sound, and resilient manner under extreme but plausible conditions.

Your Primary Responsibilities:

• Own and lead the design, execution, and governance of stress testing across cleared products and counterparties, covering credit, liquidity, and market risk.
• Develop and maintain robust hypothetical, historical, and special event scenarios, including economic, business, systemic, and idiosyncratic stress events relevant to the clearing and settlement businesses.
• Evaluate scenario results, alignment to internal risk appetite statements, and interpret risk presented to the clearing agencies.
• Coordinate with the default management team to evaluate and test stress scenarios aligned with the default waterfall and default fund sizing methodologies.
• Oversee compliance with global regulatory expectations and industry standard processes, including PFMI Principle 4 (Credit Risk), Principle 6 (Margin), Principle 7 (Liquidity), as well as jurisdictional rules (e.g., CFTC Stress Testing Requirements, ESMA RTS).
• Drive the development and maintenance of the Recovery and Wind-Down Plans (RWPs) in coordination with key internal and external partners, addressing both financial and operational continuity under severe stress.
• Present stress testing results and recovery planning insights to the various Risk Committees, clearing participants, and regulators.
• Work closely with model validation, quantitative risk, operations, and technology teams to ensure integrity and efficiency automation of the stress testing framework.
• Contribute to clearing agency-wide efforts related to RWP planning, default simulations, and the annual default management drills.
• Monitor external risks (e.g., geopolitical shocks, cyber events, market structure shifts) and integrate forward-looking risk intelligence into scenario design.
• Proven experience leading multi-functional, global teams, including the development and coaching of staff.
• Fosters a risk management culture through implementation and demonstration of processes and procedures which identify and mitigate risk.

Qualifications:

• Bachelor's degree in Finance, Mathematics, Economics, Engineering, or related field; advanced degree (e.g., MS, PhD, MBA) preferred.
• Minimum 15 years of experience in financial risk management, with 5+ years directly in a CCP, clearinghouse, or systemic risk setting.

Talents Needed for Success:

• Expert knowledge of clearing agency stress testing requirements, including IOSCO/CPMI Principles for Financial Market Infrastructures (PFMI), CCP Resilience Guidance, and relevant regulatory frameworks (e.g., CFTC, SEC, ESMA, BoE).
• Demonstrated experience designing and completing hypothetical, historical, and reverse stress testing programs.
• Strong understanding of recovery and wind-down planning for financial market infrastructures (FMIs).

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

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.

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

Job ID: DTCC-211029

Employment Type: FULL_TIME

Posted: 2025-11-11T19:47:47