Aligned Risk - Associate Director

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a multifaceted and encouraging 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 growing internal community and are committed to crafting 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: 

• Data Risk Management is an organizational function dedicated to the identification and mitigation of data risk across all stages of the data lifecycle supported by sustainable data risk management processes and controls. The function is comprised of Data Risk Governance and Reporting, and Data Risk Controls and Validation.
• Being a member of the Aligned Data Risk Management team, you will be part of the broader Data Risk Controls and Validation group that provides advice and guidance to the first line of defense to support their understanding and compliance with Data Risk Management standards, supported by testing of the first line. 
• The Aligned Data Risk Management team is responsible for assessing, validating, and supervising the first line’s proper management of data risk throughout the data lifecycle. The team also serves as the primary liaison between the first line of defense, which includes the Data Stewards, and the broader Data Risk Management team. The Aligned Data Risk Management team also engages with other cross-organizational control functions in support of data risk.

 

Your Primary Responsibilities:

• Perform hands-on validation and testing for in-scope business data elements and related data assets, prioritizing the use of risk-based criteria through Data Risk Assessments.
• Assess and supervise residual data risk resulting from inherent risk migrated by preventative and detective data controls.
• Provide strategic and proactive consultation in identifying data risk exposures and developing mitigation plans.
• Document and report potential findings due to non-compliance with Data Risk Management Standards.
• Provide advice, mentorship, and support to the first line of defense in their understanding and compliance with Data Risk Management Standards.
• Review and approve Data Risk Management deliverables from the first line.
• Supervise metrics to provide an early warning signal of growing risk exposure and allow for preventive actions.
• Collaborate and work with other aligned risk management functions in support of managing data risk.
• Partner with industry leaders and associations to define data management and adopt/apply standard processes at DTCC.

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

 

Additional Qualifications:

• A minimum of 5 years related experience, preferably in financial services industry in a control function.
• Knowledge of the securities markets, post-trade processing, and clearing and settlement infrastructure preferred.
• A general understanding of the three lines of defense model and control function responsibilities.
• Exposure to data management, data quality, data governance, or data stewardship in financial services.
• A bachelor’s degree.

 

 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.

DTCC safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis.