Business Unit: Global Chief Risk Office
Department: Operational Risk Management
Job Activity: Oversight and Control
Job Title: ORM Associate Director
Corporate Title: Associate Director
FLSA Code: Exempt
Business Unit Description:
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.
Operational Risk Management Departments oversee the ORM program, including:
Maintaining and enhancing DTCC's operational risk management framework.
Assess the scope and quality of internal controls, and monitor and escalate key matters
Formulating, disseminating and administering operational risk management policy and procedures
Position Summary: The incumbent has primary responsibility for ORM coverage of one or more business areas. The incumbent will execute and oversee day-to-day operational risk management activities (such as risk and controls assessments, incident capture and analysis, and scenario analysis and planning), manage deadlines and stakeholder expectations, and lead or participate in projects within his or her assigned areas of responsibility. In carrying these responsibilities, the incumbent must work collaboratively with the ORM team, other risk & control functions, as well as with business line management. The incumbent will support reporting and presentations to senior management, the Board Risk Committee, and Regulatory Supervisors.
Specific Responsibilities: Proactively lead and support efforts to identify and mitigate risk, within assigned area(s) of responsibility
Develop and strengthen relationships with business partners and risk control functions
Develop, communicate and ensure adherence to department risk policies, procedures and best practices;
Reassess existing processes and create new ones that most effectively anticipate, manage and reduce risk to DTCC and its participants;
Foster an environment of regulatory awareness and ensure regulatory compliance;
Support DTCC's core risk management corporate initiatives, including but not limited to: New Initiatives Process (NIC), Management Self Identification of Issues (MSIs), Management Control and Awareness Rating (MCAR), Operational Risk Profiles, etc.
Preparing and providing standard and recurring Operational Risk deliverables such as Business Unit Operational Risk Profiles, Operational Risk Incident Summaries and results of scenario analysis
Support aspects of the department framework, including monthly and quarterly management reporting, Operational Risk Capital Adequacy, development and analysis of enterprise risk scenarios, end to end process analysis and risk reduction initiatives
Mitigates risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior.
Leadership Competencies for this level include:
Feedback: Seeks feedback from others, provides feedback to others in support of their development, and is open and honest while dealing constructively with criticism.
Delegating: Effectively manages tasks and people, taking a practical approach to determine the most effective method of execution while respecting others' expertise and considering others' feelings and working styles.
Inclusive Leadership: Values individuals and embraces diversity by integrating differences and promoting diversity and inclusion across teams and functions.
Team Building: Builds teams by quickly establishing relationships and drives a team identity and shared purpose based on diversity of thought, skills and personalities.
Qualifications: 5 years experience as a senior risk and control professional within the financial services industry, or equivalent
Bachelor's degree or Masters or certification a plus
About DTCC:
With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities and data centers around the world, DTCC automates, centralizes, and standardizes the processing of financial transactions across the trade lifecycle and mitigates risk for thousands of institutions worldwide.
At DTCC we value on our clients' interests and partner to deliver superior results with excellence and innovation and lead with integrity. We proactively develop your potential and invest in your career.
