What are the responsibilities and job description for the Market Risk Manager position at The Depository Trust & Clearing Corporation (DTCC)?
Job Title: Market Risk Manager
Location: Jersey City, NJ (Hybrid)
Experience Level: Mid-senior
Experience Required: 10 Years
Job Description:
The Market Risk Manager is a critical role within the Financial Risk and Governance (FR&G) division, responsible for monitoring daily margin calculations and managing market and liquidity risk exposures arising from trade execution and settlement activities. This position is integral to maintaining the stability of financial markets by ensuring that risk management practices are robust, comprehensive, and adhere to regulatory standards.
As a member of the Fixed Income Clearing Corporation (FICC), the Market Risk Manager will lead a team of market risk associates and analysts across global offices, driving new business initiatives, enhancing risk systems, and ensuring compliance with Risk Management policies and procedures. The ideal candidate will possess a deep understanding of margining methodologies, financial markets, and client profiles, and will effectively collaborate with other teams to identify, analyze, and mitigate potential risks.
Key Responsibilities:
- Lead a team of market risk associates and analysts, ensuring the quality, accuracy, and timeliness of deliverables.
- Review and sign off on daily work, proactively identifying and mitigating changes in members’ market risk exposures, liquidity needs, and settlement obligations.
- Monitor market conditions and economic trends to anticipate potential risks and their impact on margin requirements.
- Ensure adherence to risk management policies and procedures, identifying potential model and report errors, and demonstrating strong ethical behaviour.
- Manage issues arising from internal audits, regulatory exams, and risk assessments; collaborate with partners to develop and implement remediation plans.
- Work on projects and process enhancements to mitigate emerging risks, supporting both new and existing products.
- Foster a culture of honesty, transparency, and continuous improvement within the team.
Qualifications:
- Bachelor’s degree preferred or equivalent experience.
- Minimum of 8 years of related experience in market risk management.
- Strong leadership skills with the ability to foster a culture of respect, transparency, and continuous feedback.
- Proficiency in identifying and mitigating financial risks within a complex and dynamic market environment.
- Ability to lead cross-functional teams and collaborate effectively across global offices.
About the Company:
With 50 years of experience, the company is a leading post-trade market infrastructure provider in the global financial services industry. Operating from 20 locations worldwide, the company automates, centralizes, and standardizes financial transaction processing, mitigating risk and enhancing performance for thousands of financial institutions globally.