Operational Risk 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're 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:

Operational Risk and Resilience, ORR establishes protocols for analyzing, reporting, escalating, and mitigating operational risks. Ops Risk works with business unit management and support functions to help them manage their operational risk exposures. Operation Risk establishes protocols for analyzing, reporting, escalating, and mitigating operational risks. Operational Risk works with management and support functions to help them manage their operational risk exposures.

Your Primary Responsibilities:

• Perform QC and management control testing on Financial and Operational Risk reports, verifying accuracy and consistency with DTCC policies and procedures.
• Execute testing procedures: define strategy, select samples, document results, produce reports, track remediation, escalate issues, and conduct ongoing program assessments.
• Conduct quality assurance reviews for surveillance processes and targeted ad hoc reviews, recommending process improvements.
• Validate controls and reports, reconciling discrepancies with control owners and management. 
• Produce and maintain reporting and metrics for both internal and external stakeholders. Analyze, interpret, and present data to internal team. Recommend suggestions for improvements.
• Possess strong knowledge of processes across functional areas within the team. Provides training and guidance to more junior staff.
• Build and maintain strong relationships with internal and external stakeholders. Facilitate operational risk activities and collaborate to enhance processes.
• Demonstrate effective written and verbal communication skills, active engagement in meetings and thought leadership. Provide guidance to internal stakeholders on processes and address issues and inquiries timely.
• Aligns risk and control processes into day-to-day responsibilities to monitor and mitigate risk; escalates appropriately

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

Qualifications:

• Minimum of 3 years of related experience
• Bachelor's degree preferred or equivalent experience
• Knowledge of market and operational risk standards

Talents Needed for Success:

• Strong analytical, critical thinking, and problem-solving skills with keen attention to detail.
• Excellent presentation, verbal, and written communication skills.
• Commitment to honesty, transparency, and continuous learning.
• Collaborative approach and open communication within and across teams.

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.