Market Risk Executive Director

The Role

FR&Gs mission is to provide effective and efficient identification, measurement, monitoring and control of market, liquidity & Stress Testing related to the clearing and settlement processes for DTCC, its members and the markets.

We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

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.

The Impact You Will Have

In this role, you will lead multiple market risk teams across global offices, engage market participants and other central counterparty stakeholders, and develop team members to expand digital asset product knowledge.

Responsibilities

• Lead multiple market risk teams across global offices
• Understand clearing and settlement business line products and service offerings spanning equity, exchange traded product, and fixed income asset classes
• Engage market participants and other central counterparty stakeholders to understand the market environment and shape the DTCC risk programs
• Engage and lead integration of DTCC digital asset solutions into the broader risk framework
• Maintain sufficient collateral to cover any losses associated with the liquidation of any defaulting member or family portfolio under extreme but plausible scenarios
• Ensure that sufficient liquidity resources are available so that each entity is able to settle all transactions as contracted in the event of a failure by the single largest member or family under extreme but plausible circumstances
• Exercise continuous improvement of policies, procedures and processes that support robust, ongoing member surveillance and effective but appropriate response to distress events
• Manage FR&G to maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity and credit risks
• Monitor and assess team and division budgets, direct short and long-term team and division staffing needs, and develop team leaders
• Develop, communicate, and be accountable for adherence to regulation and guidelines, firmwide and department policy, procedures, and best practices
• Accountable for results of audits, risk assessments, and compliance with industry-related legislation
• Partner with the businesses to establish key business objectives and priorities, and set strategic direction for risk teams and divisions that supports strategic direction for the firm
• Lead initiatives to address emerging risks and achieve department and firm objectives, and provide support for client engagement on initiatives and company objectives for the largest and/or most complex clients
• Demonstrate strong verbal, and written communication skills by presenting to internal and external senior stakeholders
• Ability to participate in regulatory discussions
• Participate in internal and external committees
• Establish climate of the business regarding communication, trust, diversity, employee satisfaction, and problem-resolution

Qualifications

• Minimum of 15 years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed For Success

• Sets a clear-sighted vision of the future to achieve the organization's desired market or business position
• Drives a culture of motivation and commitment to the vision
• Adapts presentation and communication style to fit the audience
• Shapes the opinions of key decision-makers and senior leaders by presenting persuasive arguments and alternative approaches
• Builds an organizational culture that embraces change as an opportunity rather than an obstacle
• Empowers and supports individual efforts to align with change initiatives