DTCC

Third Party Risk Oversight & Challenge Associate

DTCC • $80K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Minimum of 4 years of related experience
  • Bachelor's degree preferred or equivalent experience
  • Strong knowledge of operational risk management processes
  • Effective written and verbal communication skills
  • Ability to foster honesty and transparency within teams

Responsibilities

  • Execute to meet team and department goals by tracking key metrics for Third Party risk processes
  • Perform Third Party Risk assessments and assist with framework development
  • Produce and maintain reporting for internal and external stakeholders
  • Build strong relationships with internal and external stakeholders
  • Provide technical expertise for Third Party risk assessments
  • Align risk and control processes into daily responsibilities
  • Suggest process improvements to increase efficiencies

Benefits

  • Competitive compensation, including base pay and annual incentive
  • Comprehensive health and life insurance and well-being benefits
  • Pension and retirement benefits
  • Paid time off and family care leave
  • Flexible hybrid work model with designated onsite and remote days
Full Job Description
Job Description

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:

Operation Risk Management, ORM establishes protocols for analyzing, reporting, escalating, and mitigating operational risks. Ops Risk works with the business unit management and support functions to help them manage their operational risk exposures. Third Party Risk (TPR) establishes the Third Party Risk Management framework for the organization. TPR identifies, assesses and mitigates the risks that Third Parties pose to the organization through risk assessments, due diligence reviews, and implementation of ongoing monitoring requirements for Critical and High-rated Third Parties.

Your Primary Responsibilities:
  • Execute to meet team and department goals. Track key metrics used for management reporting of Third Party risk processes while working at mastering knowledge of process. Suggest improvements to processes to increase efficiencies.
  • Perform Third Party Risk assessments and monitoring activities and assist with the development and implementation of Third Party Risk Management frameworks. Assist with special projects.
  • Produce and maintain reporting and metrics for both internal and external stakeholders. Analyze, interpret, and present data to internal team. Recommend suggestions for improvements.
  • Possess strong knowledge of processes across functional areas within the team.
  • Build strong relationships with internal and external stakeholders. Facilitate third party risk activities and collaborate to enhance processes.
  • Demonstrate effective written and verbal communication skills, active engagement in meetings and thought leadership. Provide guidance to internal stakeholders on processes and address issues and inquiries timely.
  • Provide technical subject matter expertise for Third Party risk assessments, where appropriate.
  • Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; escalates appropriately


Qualifications:
  • Minimum of 4 years of related experience
  • Bachelor's degree preferred or equivalent experience


Talents Needed for Success:
  • Fosters a culture where honesty and transparency are expected.
  • Stays current on changes in his/her own specialist area and seeks out learning opportunities to ensure knowledge is up-to-date.
  • Collaborates well within and across teams.
  • Communicates openly with team members and others.
  • Resolves disagreements between colleagues effectively, minimizing the impact on the wider team.


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 DTCC

The Depository Trust & Clearing Corporation (DTCC) is a financial services company that provides clearing, settlement, and information services for the global financial industry. DTCC was founded in 1999 and is headquartered in New York City. The company operates through subsidiaries that provide services such as trade matching, risk management, and asset servicing. DTCC is owned by its users, which include broker-dealers, banks, and other financial institutions. The company is committed to reducing risk and increasing efficiency in the financial markets.
Learn more about DTCC
Size
4,000 employees
Industry
Founded
1973

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