Model Risk Governance Associate Director

• 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).

• Manage MRM system of record and ensure accuracy of records.
• Prepare reports and packages for quarterly regulatory requirements.
• Perform data review and control. Act as liaison between the validation team and various support groups and ensure timely resolution of identified gaps.
• Engage in firm-wide initiatives meetings in reviewing third party requests to proactively identify models, make model determinations on any potential models, and document the rationale.
• Standardize and implement enterprise model determination criteria and consult with model owners as needed.
• Manage MRM issues and findings management processes and escalate up the chain of command if needed.
• Contribute to efforts in support of scope and priorities for key documentation, communication, training, and business requirements in support of the Model Risk Management framework.
• Produce and maintain project reports for stakeholders, including senior management and Board members, in order to provide transparency and to facilitate decision-making.
• Work with the Regulatory Relation team to respond to ad hoc regulatory requests.
• Develop and implement automation tools for enhanced reporting and team efficiency.
• Create and maintain End User Computer Applications (EUCA) to ensure that they meet Enterprise-wide standards.
• Write and maintain procedures and job aids, identify procedure gaps, update procedures to fill gaps as needed.
• Proficient understanding of quantitative models and the financial market.
• Sufficient knowledge of the regulatory environment surrounding model risk management (SR11-7 and Security Exchange Commission Covered Clearing Agency Standards).
• Mitigates risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior.

• Minimum of 8 years of relevant experience
• Bachelor's degree preferred or equivalent combination of education and experience
• Demonstrated expertise in AI and Generative AI risk management, with the ability to assess, communicate, and mitigate emerging risks

• Serves as a trusted coach or mentor within the organization.
• Communicates openly keeping everyone across the organization informed.

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. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

About Us

With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2024, DTCC's subsidiaries processed securities transactions valued at U.S. $3.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $99 trillion. DTCC's Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 25 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn , X , YouTube , Facebook and Instagram .

DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you'll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It's the chance to make a difference at a company that's truly one of a kind.

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About the Team

Our Risk Management teams work to protect the safety and soundness of our systems and are responsible for identifying, managing, measuring and mitigating a spectrum of key risk types including credit, market, liquidity, systemic, operational and technology in all existing and new products, activities, processes and systems.