Associate Director IT Business Management

Posted 10 Days Ago
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Jersey City, NJ, USA
In-Office
Senior level
Financial Services
The Role
The Associate Director will oversee IT business management functions, focusing on strategic planning, risk management, project management, and budget management to align IT initiatives with business goals.
Summary Generated by Built In
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.  

The Information Technology group delivers secure, reliable technology solutions that enable DTCC to be the trusted infrastructure of the global capital markets. The team delivers high-quality information through activities that include development of essential, building infrastructure capabilities to meet client needs and implementing data standards and governance.

 

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:

 

The Associate Director IT Business Management will play a pivotal role in overseeing and enhancing the IT business management functions within the organization. This role involves strategic planning, risk management, and the integration of IT processes to support the company's objectives. The Associate Director will collaborate with various departments to ensure the alignment of IT initiatives with business goals and will be responsible for managing IT projects, budgets, and resources effectively.

 

Your Primary Responsibilities:
 

  • Strategic Planning: Develop and implement IT business strategies that align with the company's overall objectives. Identify opportunities for improvement and innovation within the IT department.
  • Risk Management: Mitigate risks by following established procedures, monitoring controls, and demonstrating strong ethical behavior. Ensure compliance with regulatory requirements and internal policies.
  • Project Management: Oversee IT projects from inception to completion, ensuring they are delivered on time, within budget, and meet quality standards. Coordinate with cross-functional teams to achieve project goals.
  • Budget Management: Manage the IT budget, including forecasting, allocation, and monitoring of expenditures. Ensure cost-effective use of resources.
  • Process Improvement: Continuously evaluate and improve IT processes to enhance efficiency and effectiveness. Implement best practices and standards across the IT department.
  • Collaboration: Work closely with other departments, including marketing, sales, and customer service, to integrate IT solutions that support business objectives. Foster strong relationships with stakeholders and management.
  • Leadership: Provide leadership and guidance to the IT team. Develop and mentor staff, promoting a culture of excellence and continuous improvement.
  • Mitigates risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior.

Qualifications:

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

Talents Needed for Success:

  • 8+ years in IT Strategy, IT Business Management, Transformation, or Technology Consulting.
  • Strategic thinking and planning
  • Risk management and compliance
  • Project management and execution
  • Budget management and financial acumen
  • Process improvement and best practices

 

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.

Learn more about Clearance and Settlement by clicking here.

About the Team

Serves as a dedicated technology resource for advancing DTCC’s business opportunities and providing industry thought leadership for leveraging new technology. The goal of this new department is to partner internally with IT, our business and regulatory divisions and externally with clients, regulators, and fintech vendors, to help build new platforms and business models to advance DTCC’s mission to support the financial markets.

Top Skills

Budget Management
Data Governance
It Strategy
Project Management
Risk Management
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The Company
HQ: New York, NY
5,075 Employees
Year Founded: 1973

What We Do

With over 45 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 21 locations around the world, DTCC, through its subsidiaries, automates, centralizes and standardizes the processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management, data reporting and information services across asset classes, bringing increased security and soundness to financial markets. In 2021, DTCC’s subsidiaries processed securities transactions valued at nearly U.S. $2.4 quadrillion. Its depository provides custody and asset servicing for securities issues from 177 countries and territories valued at U.S. $87.1 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes 16 billion messages annually. To learn more, please visit us at www.dtcc.com.

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