Market Risk Manager

Market Risk Manager – Depository Trust & Clearing Corporation (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’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 reflects the diversity of the world we serve.

• 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: 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

Market Risk Manager is responsible for monitoring daily margin calculation and managing market and liquidity risk exposures arising from trade execution and settlement activities in the various clearing corporations and the depository. Responsibilities also include supervising the completion of daily work, monthly and ad‑hoc reports in a timely and accurate manner to ensure compliance with Risk Management policies and procedures. With strong interpersonal and leadership skills, an understanding of margining methodologies, and keen insight into financial markets and client profiles, the ideal candidate will effectively manage the team of market risk staff and collaborate with other DTCC teams to identify, analyze, and mitigate potential risks and safeguard the financial market in which DTCC plays a pivotal role.

• Lead a team of market risk associates and analysts spread across global offices.
• Review, evaluate and sign off on daily work and other deliverables to ensure quality, accuracy, and timeliness.
• Proactively identify and evaluate changes in member’s market risk exposures, liquidity needs and settlement obligations to call out and mitigate exposures in a timely manner.
• Monitor market conditions and economic trends to anticipate potential risks and their impact on members’ margin requirements.
• Mitigate risk by ensuring adherence to processes, policies, and procedures; identify potential model or report errors, and demonstrate strong ethical behavior.
• Manage issues arising from internal audits, regulatory exams, and risk assessment; collaborate with partners to develop and implement remediation plans.
• Work on projects and process enhancements to ensure emerging risk is effectively mitigated in support of new and existing products.

• Minimum of 6‑8 years of related experience and at least a year of managerial experience.
• Bachelor’s Degree in Accounting, Finance, Business or Economics.
• Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are a plus.

• Excellent oral and written communication skills with the ability to explain technical concepts in practical terms.
• Strong analytical skills with the ability to clearly present to current and prospective members, regulators, and various departments within the organization.
• Meaningful work experience in managing financial risk within the financial services industry.
• Proven experience in collaborating with cross‑functional teams on projects; ability to work in a fast‑paced, sophisticated environment.
• Strong Excel skills; coding is not required but desirable.
• Expertise in the U.S. and global financial markets, knowledge of risk management frameworks (VaR, Backtest, Stress test), current regulatory developments and issues affecting the industry.
• Ability to build and manage a diverse, impactful team on‑site and remotely.

The salary range is indicative for roles at the same level within DTCC across all U.S. 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.

Seniority level:
Mid‑Senior level

Employment type:

Full‑time

Job function:
Finance and Sales

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