Embedded Risk Senior Associate

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).

The Impact you will have in this role:

Being a member of the Clearing & Securities Services team, the Embedded Risk Senior Associate will enable effective and efficient strategy execution and comprehensive management of risk, resilience, and governance priorities for our clients. The group's operating model and evolving framework led from the first line supports Clearing & Securities Services through collaboration and shared accountability across the three lines of defense. In addition, the First Line Resilience & Control Senior Associate will work with the three lines of defense in reviewing and monitoring the risks associated with Clearing & Securities Services. This includes all aspects of risk, including but not limited to, credit, market, liquidity, operational, legal and compliance, technology, systemic, and other risks.

Your Primary Responsibilities:

• Responsible for the production and maintenance of the Operational Risk Profiles on a quarterly basis, in addition to the supplemental monthly summaries for each of the respective Legal Entities. Monitor and manage key risks in existing business areas and new products to ensure that the highest quality and most relevant risk data is captured, aggregated, analyzed, and reported as part of the overall Risk Profile process
• Execution of the risk management framework, including the identification, assessment, monitoring, and reporting of risks associated with applicable business area in alignment with the enterprise strategic priorities and performance management framework, and the Corporate Risk Framework Policy
• Align risk and control processes into day-to-day responsibilities to mitigate, monitor, and bring up risks appropriately, including the timely resolution of incidents (e.g., coordination with all relevant partners, including Product Management & Global Business Operations, Major Incident Management ["MIM"])
• Identify and monitor metrics and reporting to measure the risks within the Business Unit on an ongoing basis and share relevant, useful, and timely information with all relevant partners
• Work across the lines of defense as needed in the identification, remediation, and sustainability of issues and action plans developed as a result of operational risk incidents
• Support the Operational Risk function in the management and reporting of risk tolerances, risk acceptance, and the ongoing monitoring of third-party risks
• Work with the Systemic Risk Office to periodically update all pertinent Links Reviews and assist in initiating documentation for any new links that may be established for the organization
• Collaborate with the New Initiatives Office (NIO) and Product managers in the development of new offerings to gain reasonable assurance that the necessary controls are in order and that all pertinent scenarios that may impact the initiative have been thoroughly reviewed
• Partner with organizational groups within the Agile parameters to help develop functionality and processing for the firms current and developing service offerings. Ensure that the necessary controls and guidelines are in place to perpetuate maximum efficiency and safety
• Develop, communicate, and monitor adherence to department policies, procedures and standard methodologies that most effectively anticipate, manage, and reduce risk to DTCC and its participants; foster an environment of regulatory awareness and compliance
• Support broader FLRC program execution as needed to strengthen risk and control focus, proactive risk identification, continuous improvement, and transparency, and promote responsiveness and resiliency

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

Qualifications:

• Minimum of 6 years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed for Success:

• Inspire different approaches or ways of working
• Inspire teams to constructively challenge established views
• Present information clearly in writing and orally in larger group settings
• Convince others on key topics by presenting persuasive arguments and alternative approaches
• Set an example for others by personally embracing change
• Build ownership for change by empowering others to lead change initiatives

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.

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  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.