Stress Testing Director

Director of Stress Testing

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 :

Financial Risk & Governance's mission is to effectively identify, measure, monitor, and manage market, liquidity, and stress testing risks related to DTCC's clearing and settlement processes, its members, and the broader markets. In addition, FR&G provides critical governance and quality assurance capabilities across key risk functions, ensuring alignment with rigorous organizational and regulatory standards. Operating under authority delegated by the Board and senior management, FR&G manages these risks within established risk tolerances.

This team works closely with Quantitative Risk Management and Counter party Credit Risk to maintain an integrated, enterprise-wide approach to financial risk management and support a strong second line of defense.

FR&G's primary objectives for DTCC's clearing agencies and joint ventures include:

• Maintaining sufficient collateral to cover potential losses associated with the liquidation of a defaulting member or family portfolio under extreme but plausible scenarios.
• Ensuring adequate liquidity resources are available so each entity can settle transactions as contracted in the event of a failure by the largest member or family under extreme but plausible conditions.
• Continuously enhancing policies, procedures, and processes that support effective member surveillance and appropriate responses to distress events.
• Maintaining deep product expertise and a robust risk framework to effectively measure and manage market, liquidity, and credit risks.

The Director of Stress Testing is responsible for providing independent oversight and continuously enhancing DTCC's risk management framework across clearing agency and joint venture activities. As a key member of the second line of defense, this individual will provide independent challenge to first-line methodologies, assumptions, and risk management practices.

The Director of Stress Testing will lead the design, execution, and governance of stress testing frameworks used to assess risk exposures under extreme but plausible market conditions. Responsibilities include developing forward-looking stress scenarios, evaluating scenario severity, and assessing impacts across market, credit, and liquidity risk exposures. The role oversees stress testing methodologies, assumptions, and results to ensure comprehensive risk coverage and alignment with regulatory expectations.

The scope of testing will include both Default Management and Recovery & Wind-Down Planning activities.

This role partners closely with Risk Management teams and business stakeholders to support strong risk practices while helping evaluate new products, initiatives, and changes in market structure. A solid understanding of financial markets, quantitative methodologies, and scenario-based risk analysis is critical for identifying vulnerabilities and assessing resiliency across DTCC entities. Familiarity with regulatory frameworks and industry standards such as PFMI, EMIR, CFTC, and SEC requirements is also highly valued.

Your Primary Responsibilities :

• Proactively identify and assess changes in members' risk exposures under…