DTCC

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:

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. Counterparty Credit Risk is defined as the risk of economic loss resulting from the failure of a member or other credit counterparty to meet its contractual financial obligation or the default on securities issued by a DTCC Investment Counterparty . 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. In addition, the Counterparty Credit Risk Associate will be responsible for the maintenance of the credit risk rating matrix and assessing compliance with established financial parameters, keeping current on new accounting and regulatory pronouncements that impact member firms.

Your Primary Responsibilities:

• Analyze the financial standing of counterparties, primarily financial institutions. and apply judgement to identify credit risks, mitigants, and trends in financial institutions’ (e.g., banks, broker-dealers, funds 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 core conduct values, including integrity, adherence to risk-related policies, regulatory awareness, and a risk management mentality
• Responsible for a portfolio of 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 3-4 years of related experience
• Bachelor's degree

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
• Ability to communicate effectively with team members and stakeholders, both verbally and in writing
• High interest to learn within an evolving, fast-paced environment

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.

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.

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.