Job DescriptionThe Impact you will have in this role:
Quantitative Risk Management, QRM is responsible for the development and support of models and methodologies for the quantification of risk. QRM also carries out quantitative analysis and other analytical support to firms' risk management and other business needs. Quantitative Risk Management (QRM) is responsible for the development and support of models and methodologies for the quantification of risk. QRM also carries out quantitative analysis and other analytical support for DTCC's risk management and other business needs.
Your Primary Responsibilities:
- Conduct quantitative research/analysis related to model development, maintenance, and performance monitoring.
- Conduct quantitative risk analysis to support other business units.
- Build and maintain model prototypes for model development.
- Facilitate model risk management activities.
- Facilitate model specification and model engine test with Risk Technology team.
- Maintain key data source for groups model development and quantitative analyses.
- Mitigates risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior.
**NOTE: The Primary Responsibilities of this role are not limited to the details above. **
Qualifications: - Minimum 8 years of relevant experience in quantitative analysis or model-driven roles
- Bachelor's degree in quantitative discipline (e.g., Mathematics, Statistics, Finance, Economics, Engineering, or related field)
Talents Needed for Success: - Experience conducting quantitative research and analysis to support model development, maintenance, and performance monitoring
- Hands-on experience building and maintaining model prototypes for model development
- Experience supporting or facilitating model risk management activities
- Ability to partner with Risk Technology teams on model specification and model engine testing
- Experience maintaining and managing key data sources used for model development and quantitative analysis
- Serves as a trusted coach or mentor within the organization.
- Communicates openly keeping everyone across the organization informed.
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.
About the TeamOur 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.
