Business Aligned Compliance Executive Director

About the role

The General Counsel's Office is a valued, trusted and responsive partner within DTCC. The team promotes and protects the best interests of the DTCC family of companies by creating and facilitating solutions and providing guidance on legal and regulatory matters.

Responsibilities

• Support the business's identification, development and monitoring of key controls leveraged by DTCC to maintain compliance with its regulatory requirements, primarily Covered Clearing Agency Standards ("CCAS").
• Evaluate Business related compliance requirements and readiness for any new initiative or business venture.
• Monitor for new or changing regulations and assess the Business’s readiness for compliance.
• Develop and maintain a risk-based continuous evaluation of existing processes and related controls to challenge adequacy relative to the existing regulations and best practices.
• Work with applicable areas to develop action plans for development and enhancement of compliance controls and provide ongoing support and monitoring of the implementation of those controls.
• Serve as the primary Compliance interface for exams and monitors for trends, guidance and new regulations which impact the Business and require enhancements to the existing compliance control framework.
• Prepare reports on the status of the program to Board, Committees and senior management.
• Monitor regulatory trends and actions to proactively anticipate future areas of regulatory focus.
• Monitor key inherently high-risk compliance requirements and the design and effectiveness of the processes, controls, and metrics within DTCC Businesses related to compliance with regulatory requirements (e.g. CCAS, Reg SCI, etc.).
• Maintain compliance with key regulations and identify and address any gaps or inconsistencies.
• Test/monitor for adherence to key controls.
• Communicate key Compliance program statuses, issues, and escalation of key risks via maintenance and production of Board, Committee and Management reporting of compliance program effectiveness, issues, risk tolerances, operational risk profiles and key metrics.
• Support and monitor ongoing staff education and development in effective risk management.
• Serve as key member of compliance management team globally, including compliance with all applicable global regulations and guidance.
• Oversee teams’ partnership with the Businesses, Legal department and other second line control.
• Partner with DTCC management to ensure that compliance programs and measures are aligned with the overall corporate compliance strategy (including programs related to legal review and risk initiatives).
• Foster a risk management culture through implementation and demonstration of processes and procedures which identify and mitigate risk.

Qualifications

• Minimum of 15 years of related experience.
• Bachelor's degree preferred or equivalent experience.
• Strong knowledge of clearing agencies and regulatory environments.
• Knowledge of banking and securities laws including Standards for Covered Clearing Agencies.
• Knowledge of both domestic and global markets preferred.
• Excellent listening and communication (oral and written) skills to effectively interface with all levels of leadership.
• A highly organized and disciplined individual able to effectively develop as well as manage and influence a team of experienced professionals across a global organization.

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.

Pay

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.

Schedule

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).