Clearance & Settlement Associate Director
Location
Jersey City, NJ | United States
Job description
Job Description
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 member of the Fixed Income Clearance and Settlement Operations Team, the Associate Director will identify gaps in procedures and training, work with team leads to strengthen the control environment, improve the performance of the department, and provide direction and guidance to team leads to ensure departmental communication is clear and reaches all team members. FICC Operations provides operational support for the government securities and mortgage-backed Securities divisions of FICC focusing on trade capture, comparison, netting, allocation, and settlement services to the mortgage-backed and government securities market thus providing operational efficiency to this high dollar value marketplace. In addition, the Clearance & Settlement Associate Director will interact with partners and clients when appropriate to resolve processing issues, respond to client feedback, lead department projects and initiatives, delegate tasks where appropriate to foster an environment of developing junior staff, and provide opportunities for talent to grow.
Your Primary Responsibilities: - Perform oversight of day-to-day processing activities of government and mortgage-backed operations team, including exception resolution, achievement of metrics and benchmarks, adherence to controls, audit follow-up, compliance, and risk management activities
- Make well-informed, effective, and timely decisions using available data and perceive the impact and implications of decisions. Hold self and others accountable for measurable high-quality and timely results
- Understand and apply principles, procedures, requirements, regulations, and policies related to specialized business functions. Support and drive continuous improvement for process and procedures; ensure procedures are continually followed and updated
- Articulate and present complex or technical information clearly and effectively to partners and/or non-technical colleagues in both small and large group settings
- Lead performance management by developing and coaching the team. Be a strong talent evaluator with a focus on developing others to perform by providing ongoing feedback and opportunities to learn through formal and informal methods
- Use subject matter expertise to review and enhance the control environment, and identify and implement operational improvements
- Build and maintain strong relationships with internal and external partners to facilitate issue resolution, operational improvements, and risk reduction. Take a lead role on department projects and initiatives
- Implement short and medium term strategy and ensure execution of divisional goals at a department level
- Lead development of training plans and delivery to meet staff development targets
- Mitigate 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 8 years of related experience in fixed income products, allocations, and settlements - with mortgage-backed experience being highly preferred
- Bachelor's degree (preferred) or equivalent experience
Talents Needed For Success: - Highlight the expected benefits of new actions and strategies to help others overcome fears of change
- Foster an environment where honesty and transparency are expected
- Proactively seeks feedback from others on self performance
- Ensure that regular feedback is given in a constructive and behaviorally oriented manner
- Support an environment where individuals are respected for their contributions
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 DTCC safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry's needs and we're working to continually improve the world's most resilient, secure and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost and bring stability and certainty to the post-trade lifecycle.
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.
Learn more about Clearance and Settlement by clicking here.
About the Team The Global Operations, Client Services & Administration group delivers world-class safety and soundness for the global financial services industry. The team provides DTCC's portfolio of core securities and superior transaction processing and client services support in an environment that minimizes risk and cost while maximizing efficiency.
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