Market Risk Associate

3 weeks ago

Chennai, India DTCC Full time

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and encouraging 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 develop a growing 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 well-being. DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (Tuesdays, Wednesdays, and a day unique to each team or employee).

The impact you will have in this role:

Financial Risk and Governance's ("FR&G") 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. In addition, FR&G provides critical governance and quality assurance capabilities for key risk functions that are designed to meet detailed organizational and regulatory standards. FR&G works under delegated authority from the Board and senior management to manage these risks within defined risk tolerances, as approved by the Board and senior management. FR&G collaborates closely with Quantitative Risk Management and the Counterparty Credit Risk teams to maintain an integrated and comprehensive approach to financial risk management at DTCC to support an effective second line of defense. FR&Gs prime directive for DTCC's applicable clearing agencies and joint ventures consists of the following:

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; and Manage FR&G to maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity and credit risks.

Market Risk Senior Associate for Fixed Income Clearing Corporation (FICC) is responsible for the monitoring of daily margin calculation and managing market and liquidity risk exposures arising from trade execution and settlement activities in the clearing corporations and the depository. Responsibilities also include driving new business initiatives, coordinating risk systems design and continuous enhancements, compliance with Risk Management policies and procedures. Responsible for understanding of margining methodologies, keen understanding of financial markets and client profiles, and effectively collaborate with other DTCC teams to identify, analyze, and mitigate potential risks and safeguard financial market in which DTCC plays a pivotal role.

What You'll Do:

Proactively identify and evaluate change in member’s market risk exposures, liquidity needs and settlement obligations to bring up and mitigate exposures in timely manner Monitor market conditions and economic trends to anticipate potential risks and their potential impact on members’ margin requirements Mitigates risk by following established procedures, identifying potential model and report errors and demonstrating strong ethical behavior Perform day-to-day functions contained in the unit's procedures such as researching significant increases in margin requirements, tracking trading patterns of member firms, liquidity usage, etc Develop a solid understanding of clients’ business and risk profiles in order to serve as a point of contact for risk related support and inquiries Collaborate with multi-functional teams including Counterparty Credit Risk, Quantitative Risk, Operations, Relationship Management to provide effective risk management Educate clients on risk management tools and initiatives

Talents Needed for Success:

Minimum of 6 years of related experience Bachelor's degree preferred with Masters (Finance) or equivalent experience Good knowledge of particular products cleared and settled through the complex Strong analytical, problem-solving and decision-making skills Solid communication skills, both oral and written Team player with the ability to take initiative and ability to work as part of a distributed team

Additional Qualifications

Knows the latest 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. Prior experience in handling large datasets and proficiency with business intelligence tools such as Power BI, Sigma and Tableau is a big plus

Actual salary is determined based on the role, location, individual experience, skills, and other considerations.

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