Clearance & Settlement Associate Director

Clearance & Settlement Associate Director

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.

• 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).

Equity Clearance and Settlement Operations provides operational support for DTC and NSCC focusing on depository services, trade capture, comparison and netting of virtually all broker-to-broker equity, listed corporate and muni bond and UIT trading in the U.S, culminating into a consolidated end-of-day process that completes the transfer between trading parties of securities ownership and cash daily. A key area of responsibility for the Equity Clearance and Settlement is the support and preparedness of business resiliency and continuity efforts, cyber security events, and default/liquidity management.

FICC Operations provides operational support for the Government Security and Mortgage Backed Securities divisions of FICC focusing on trade capture, comparison, netting and settlement services to the mortgage-backed and government securities market thus providing operational efficiency to this high dollar value market place. A key area of responsibility for the FICC Operations, is the support and preparedness of business resiliency and continuity efforts, cyber security events, and default/liquidity management.

• Perform oversight of day-to-day processing activities, including exception resolution, achievement of metrics and benchmarks, adherence to controls, audit follow-up, compliance, and risk management activities
• Make well‑informed, effective, and timely decisions, using available data, perceives the impact and implications of decisions. Holds self and others accountable for measurable high‑quality, timely results
• Understand and apply principles, procedures, requirements, regulations, and policies related to specialized business functions. Support and drive continuous improvement for process and procedures; ensure procedures are continually followed and updated
• Articulate and present complex or technical information clearly and effectively to stakeholders and/or non-technical colleagues, in both small and large group settings
• Oversee performance management by developing and coaching team. Be a strong talent evaluator with a focus on development of others to perform by providing ongoing feedback and by providing opportunities to learn through formal and informal methods
• Use subject matter expertise to review and enhance the control environment and identify and implement process improvements
• Build and maintain strong relationships with internal and external stakeholders to facilitate issue resolution, process improvements, and risk reduction. Take a lead role on department projects and initiatives
• Implement short and medium term strategies and ensure execution of divisional goals at a department level
• Oversee development of training plans and delivery to meet staff development targets
• Mitigate risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior

• Minimum 8 years of related experience
• Bachelor's degree (preferred) or equivalent experience

• Highlight the expected benefits of new actions and strategies to help…