Business Compliance Associate Director

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.

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.
• 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).

The impact you will have in this role :

Being a part of the Compliance Team, this role supports the ITP (Institutional Trade Processing) & SIFMU (Systemically Important Financial Market Utilities) Aligned Compliance Team, which is responsible for :

• supporting the identification, development and monitoring of key controls that enable compliance with regulatory requirements
• facilitating mapping of regulatory requirements to controls and conducts monitoring and testing to evaluate the design of, and adherence to, those controls
• reviewing policies and procedures that demonstrate compliance with regulatory requirements and working with aligned business management to address gaps and inconsistencies
• serving as the primary Compliance interface for exams and monitoring for regulatory trends, guidance and new regulations which impact the aligned business areas and require enhancements to the existing compliance control framework
• preparing reports on the status of the program to Board, Committees and senior management

Your Primary Responsibilities :

• Develop and maintain a comprehensive understanding of applicable laws and regulations applicable to the aligned business areas, as well as requirements and resulting controls that enable compliance
• Support the facilitation of impact assessments to evaluate new or changing regulations and readiness for compliance
• Evaluate new initiatives and business ventures to identify and evaluate compliance requirements and readiness
• Work with aligned business areas to develop action plans for development and enhancement of compliance controls and provide ongoing support and monitoring of the implementation of those controls
• Support Regulatory Relations, GCO and aligned business areas in regulatory examinations, inspections and inquires
• Support the advancement of DTCC’s response time to address compliance gaps or weaknesses
• Perform risk-based compliance monitoring to identify risk and control trends in related to compliance with regulatory requirements
• Support the performance of a periodic baseline compliance risk assessments for aligned business areas
• Perform compliance risk assessments and other reviews to evaluate compliance risks and controls
• Evaluate policies and procedures to identify and address any compliance gaps or inconsistencies
• Conduct compliance testing to evaluate the effectiveness of compliance enabling controls
• Conduct lessons learned reviews to identify the impact of examination findings and operational incidents on aligned business controls
• Takes an active role in one's own career development
• Fosters a risk management culture through implementation and demonstration of processes and procedures which identify and mitigate risk
• Mitigates risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior.

NOTE : The Primary Responsibilities of this role are not limited to the details above.

Qualifications :

• Minimum of 8 years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed for Success :

• Knowledge of financial services, particularly in the securities markets
• Knowledge of financial services laws and regulations
• Excellent listening and communication (oral and written) skills to effectively collaborate with all levels of leadership
• Ability to work in a team dynamic with team members in different locations
• Experience working at or with financial services regulators (e.g. SEC, FRB, NYSDFS, CFTC, ESMA, etc.) is highly desirable
• Knowledge of basic compliance principles and standards, including validated techniques and compliance controls

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.