Quantitative Risk Associate Director

About the 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.

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.
• 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)

Skills and experience 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

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.

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

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).