Job DescriptionThe Impact you will have in this role:
As a member of the Risk and Treasury Aligned Compliance Team ("Team") within DTCC's Compliance Group, the Associate Director is responsible for assisting the Team in evaluating, monitoring and enhancing compliance with applicable regulatory requirements by DTCC's Financial Risk Management ("FRM") and Treasury functions. FRM manages certain financial risks related to DTCC's clearing and settlement services (e.g., market, credit, liquidity and default risk), while Treasury manages capital, custody and investment risks.
The main responsibilities of the Team are:
- Provide expert guidance to FRM and Treasury on compliance with regulatory requirements by identifying potential gaps and strengthening key aspects of the control environment, including policies, procedures, processes, and controls.
- Conduct certain enterprise-wide activities managed by the Compliance Group for FRM and Treasury. These activities include maintaining a centralized inventory of regulatory requirements, mapping regulatory requirements to controls, enhancing policies & procedures, conducting regulatory change and compliance risk assessments, and testing of controls and regulatory reporting obligations.
- Prepare status update reports for the Board, committees and senior management.
Your Primary Responsibilities:
- Conduct regulatory change assessments to evaluate the impact of new or changing regulations and readiness from a compliance perspective
- Evaluate, confirm and monitor implementation of changes proposed by a rule filing or advance notice
- Evaluate policies and procedures to identify any compliance gaps or inconsistencies and work with FRM and/or Treasury functions to address such deficiencies
- Perform compliance risk assessments for FRM and/or Treasury
- Facilitate Compliance Group's mapping of regulatory requirements and clearing agency rules to policies, procedures, controls, and other documentation
- Facilitate Compliance Group's testing to evaluate the design and effectiveness of controls owned by FRM &/or Treasury functions
- Support FRM &/or Treasury functions in maintaining an inventory of regulatory reporting obligations and related reporting information
- Take an active role in your career development
**NOTE: The Primary Responsibilities of this role are not limited to the details above. **
Qualifications: - Minimum of 8 years of related experience
- Bachelor's degree preferred or equivalent experience
Talents Needed for Success: - Knowledge of financial services, particularly in the securities markets and applicable laws and regulations
- Understanding of the Financial Risk Management discipline and experience with review of control environment related to management of credit, market, liquidity and default risks
- Excellent listening and communication (oral and written) skills to effectively interface with all levels of leadership
- Ability to work in a team dynamic with team members in different locations
- Experience working at or with financial services regulators (e.g. SEC, FRB, NYSDFS, CFTC, ESMA, etc.) is highly desirable Knowledge of basic compliance principles and standards, including industry best practices
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.
