Risk Manager

Risk Management
181085 Requisition #
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Business Unit: Solutions
Department:  Solutions Business Operations
Job Family: Risk Management
Job Title:  Risk Manager
Corporate Title: Associate Director
FLSA Code (US Only): Exempt
People Manager: No

Business Unit Description:

As part of DTCC Solutions, the Business Risk Management (BRM) team works closely with the business, technology and control functions, as well as BRM staff, to identify, measure, monitor, control and escalate risks for assigned Solutions business(es).  BRM develops deep and broad product and risk knowledge necessary to effectively measure and manage risk and works in collaboration with senior management to manage these risks within defined risk tolerances, as approved by the Board and senior management. 

Position Summary:

Location can be Jersey City or Boston.
Risk Managers partner with the various Solutions business lines and functional units, including Product Management, Operations Management, Information Technology, and other areas critical to the daily operations and functioning of Solutions to, identify and assess risk, determine how best to mitigate risk through internal controls, periodically self‐test internal controls to ensure that they are operating as designed, define and monitor the business risk metrics, create and implement action plans to mitigate risk,  and understand and report the residual, unmitigated risk the business line proposes to accept.

Specific Responsibilities:
  • Provides support to embedded risk managers for assigned Solutions business(es). Demonstrates and embeds the behaviors and competencies that create a risk management mindset in the Solutions organization. Supports ongoing staff education.
  • Develops an understanding of assigned Solutions business(es), risk profile and potential exposures. Is engaged, able to assess potential risks and proactive in bringing potential risks to the attention of management in a timely manner, and proposes improvements to the overall control environment. Works with stakeholders to identify and create management self-identified issues (MSI’s)
  • Fosters an environment of regulatory awareness pertaining to assigned Solutions business(es), supports regulatory compliance. Project manages annual SOC 1 audit as necessary.
  • Assists the business units in the identification, documentation and submission of incidents when they occur. Escalates incidents in accordance with protocols
  • Confirms resolution of immediate incident impact, assists in identifying longer-term corrective actions and tracks to completion.
  • Assists in performance of periodic reviews of the portfolio of incidents impacting the business and additional analysis (e.g. Lessons Learned), as necessary.
  • Works with ORM and/or TRM to dimension, draft and document Risk Acceptance / Policy Deviation proposals
  • Tracks progress against completion of follow-up actions / action plans
  • Designs and manages annual control test execution, updates controls and control tests, and produces control test metrics for risk analysis
  • 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. 
  • Coaching: Understands and anticipates people's needs, skills, and abilities, in order to coach, motivate and empower them for success.
  • Team Building: Builds teams by quickly establishing relationships and drives a team identity and shared purpose based on diversity of thought, skills and personalities. 
  • Minimum of 7 years’ experience as a senior risk and control professional within the financial services industry/regulated environment, or equivalent; knowledge of DTCC Solutions business units and/or prior managerial experience a plus
  • Strong understanding of systems processing, IT and business general controls and their impact on the business
  • Strong interpersonal skills with the ability to work effectively with all levels of management. Outstanding written and verbal communication skills and experience working with global teams.
  • Excellent organizational, analytical and problem-solving skills; data driven with an inquisitive mindset
  • Ability to work under pressure, meet aggressive deadlines and manage changing prioritization in an agile environment
  • Process mapping, data collection and analysis skills a plus
  • Bachelor's degree preferred with Masters or equivalent experience
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.

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