Business Aligned Compliance Executive 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 are 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.

• 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 General Counsel's Office is a valued, trusted and responsive partner within DTCC. The team promotes and protects the best interests of the DTCC family of companies by creating and facilitating solutions and providing guidance on legal and regulatory matters.

The Executive Director for Business Compliance is responsible for supporting the business's identification, development and monitoring of key controls leveraged by DTCC to maintain compliance with its regulatory requirements, primarily Covered Clearing Agency Standards ("CCAS"). The function maintains a centralized inventory of regulatory requirements for DTCC Businesses, facilitates mapping of those requirements to controls and conducts monitoring and testing to validate the controls are fit for purpose and adhered to.

In addition, the function monitors Policy and Procedures that demonstrate compliance with the Business's regulatory requirements and works with management to address gaps and inconsistencies. The function is also the primary Compliance interface for exams and monitors for trends, guidance and new regulations which impact the Business and require enhancements to the existing compliance control framework. Additionally, the group prepares reports on the status of the program to Board, Committees and senior management.

• Develop and maintain a comprehensive understanding of applicable laws and regulations applicable to the covered Business areas, as well as requirements and resulting controls that enable compliance.
• Evaluate Business related compliance requirements and readiness for any new initiative or business venture
• Monitor for new or changing regulations and assess the Business’s readiness for compliance.
• Develop and maintain a risk‑based continuous evaluation of existing processes and related controls to challenge adequacy relative to the existing regulations and best practices
• Work with applicable 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 Business areas in regulatory examinations, inspections and inquiries.
• Advance DTCC’s response time to address compliance gaps or weaknesses
• Monitor regulatory trends and actions to proactively anticipate future areas of regulatory focus
• Working in partnership with Compliance Risk Assessment and Testing, monitor key inherently high‑risk compliance requirements and the design and effectiveness of the processes, controls, and metrics within DTCC Businesses related to compliance with regulatory requirements (e.g. CCAS, Reg SCI, etc.)
• Monitor DTCC Policies and Procedures to maintain compliance with key regulations and identify and address any gaps or inconsistencies and test/monitor for adherence to key controls
• Communicate key Compliance program statuses, issues, and escalation of key risks via maintenance and production of Board, Committee and Management reporting of compliance program effectiveness, issues, risk tolerances, operational risk profiles and key metrics
• Support and monitor…