Operational Risk Associate

DTCC • Jersey City, NJ

1d • Hybrid

About The Position

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and
supportive team, and receive investment in your professional development? At
DTCC, we are at the forefront of innovation in the financial markets. We're
committed to helping our employees grow and succeed. We believe that you have
the skills and drive to make a real impact. We foster a thriving internal
community and are committed to creating a workplace that looks like the world
that we serve.

Operational Risk & Resilience (ORR) establishes protocols for analyzing,
reporting, escalating, and mitigating operational risks. ORR works with business
unit management and support functions to help them manage their operational and
emerging/systemic risk exposures, establishing protocols for analyzing,
reporting, escalating, and mitigating these risks.

Requirements

• Minimum of 4 years of related experience
• Bachelor's degree preferred or equivalent experience
• Fosters a culture where honesty and transparency are expected.
• Stays current on changes in their 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.

Responsibilities

• Enhance existing reporting processes, including developing new KRIs where applicable.
• Track key metrics used for management reporting of Operational Risk processes while working at mastering knowledge of process. Suggest improvements to processes to increase efficiency.
• Monitor macroeconomic landscape for emerging and systemic risks
• Perform risk assessments and monitoring activities and assist with the development and implementation of ORR 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. Provides training and guidance to more junior staff.
• Risk identification and analyses of DTCC’s products and services to identify and map trends that may have potential implications.
• Produce concise data analyses and writing on macroeconomic and market trends and emerging risks, and verbally articulate analyses to senior management.
• Build and maintain strong relationships with internal and external stakeholders. Facilitate operational 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 Operational Risk functions.
• Aligns risk and control processes into day-to-day responsibilities to monitor and mitigate risk; escalates appropriately.
• Keep abreast of industry and world issues and developments that potentially have systemic implications for DTCC and our clients.

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).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level