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.
- 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 Strategic Management & Governance family is responsible for serving as a dedicated technology resource for advancing the firm's business opportunities and providing industry thought leadership for leveraging new technologies. Manages significant programs and projects including strategic change management, new business and product initiatives, process re-engineering, and all general business management initiatives. The Business Systems Analysis role specializes in acting as the primary interface between Technology and specific business / product areas, identifying, documenting and analyzing business requirements, creating detailed project and process specifications, coordinating with project teams.
Your Primary Responsibilities:
- Validate functional specifications by analyzing business requirements, constructing workflow charts and diagrams
- Collaborate with project teams, product management, and stakeholders on all aspects of projects
- Validate estimates of resource needs and schedule of work with related stakeholders
- Provide guidance to members of various teams by elaborating the necessary details required through all phases of projects
- Review input provided to developers and Test Engineers ensuring System Integration and User Acceptance Test scripts properly reflect business and functional requirements
- Review system documentation to ensure compliance with company-specific best practices and standards
- Review recommended controls to ensure remediation of perceived risks
- Validate justification and ROI related to solutions designed to automate manual processes
- Partner with team managers to understand and support the organization direction, in terms of technology adoption, design patterns, and strategic direction
- Coordinate with team managers to influence the technical development of team personnel
- Provide technical leadership and guidance to teams through all phases of projects and advise IT senior leaders regarding strategic direction.
- Mitigates risk by following established procedures, spotting key errors and demonstrating strong ethical behavior.
Qualifications:
- Minimum of 10 years of related experience
- Bachelor's degree preferred or equivalent experience
- FRM or CFA is a big plus
Talents Needed for Success:
- 7+ years of hands-on business systems analysis experience in market risk, risk methodology implementation, or related clearing, exchange, banking, or capital markets environments.
- Strong market risk methodology fluency across VaR, stress and scenario design, sensitivities, backtesting, coverage analysis, and the practical interpretation of methodology intent for implementation.
- Deep understanding of CCP margin concepts, strongly preferred including initial margin, mark-to-market margin, clearing fund constructs, concentration and gap add-ons, anti-procyclicality measures, and coverage targets.
- Exceptional specification discipline with the ability to produce calculation specifications that include worked examples, edge cases, acceptance criteria, and documentation that can withstand audit and validation scrutiny.
- Proven numerical validation and reconciliation capability including comparison of production outputs to quant prototypes, definition of defensible tolerances, and disciplined root-cause analysis of variances.
- Strong data and analytical proficiency with advanced SQL skills and practical Python, R, or Excel capability to query data, test assumptions, run prototypes, and perform independent analysis.
- Solid risk data knowledge across positions, prices, curves, reference data, corporate actions, time-series alignment, and point-in-time/as-of semantics required to reproduce risk results accurately.
- Effective delivery partnership with experience writing user stories and acceptance criteria, working within agile squads, and partnering closely with engineering, QA, business users, quants, and model validation stakeholders.
- Regulatory and model risk awareness including familiarity with model validation expectations, model risk management practices, and CCP regulatory frameworks such as SEC Rule 17Ad-22 and CPMI-IOSCO principles.
- Credibility across business, quant, and technology stakeholders with the judgment to clarify methodology intent, translate it into implementable requirements, and drive alignment without losing confidence from any side.
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 TeamServes 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.
Skills Required
- At least 10 years of related professional experience
- Bachelor’s degree or equivalent experience
- 7 or more years of hands-on business systems analysis experience in market risk, risk methodology implementation, clearing, exchange, banking, or capital markets environments
- Strong fluency in market risk methodologies, including VaR, stress and scenario design, sensitivities, backtesting, and coverage analysis
- Understanding of CCP margin concepts, including initial margin, mark-to-market margin, clearing funds, concentration and gap add-ons, anti-procyclicality measures, and coverage targets
- Ability to produce detailed calculation specifications with worked examples, edge cases, acceptance criteria, and audit-ready documentation
- Numerical validation and reconciliation experience, including production-to-quant prototype comparisons, tolerance definition, and root-cause analysis
- Advanced SQL skills
- Practical proficiency with Python, R, or Excel
- Risk data knowledge covering positions, prices, curves, reference data, corporate actions, time-series alignment, and point-in-time or as-of semantics
- Experience writing user stories and acceptance criteria within agile squads
- Experience partnering with engineering, QA, business users, quants, and model validation stakeholders
- Familiarity with model validation expectations and model risk management practices
- Knowledge of CCP regulatory frameworks, including SEC Rule 17Ad-22 and CPMI-IOSCO principles
- FRM or CFA certification
- Ability to translate methodology intent into implementable requirements and align business, quantitative, and technology stakeholders
The Depository Trust & Clearing Corporation (DTCC) Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about The Depository Trust & Clearing Corporation (DTCC) and has not been reviewed or approved by The Depository Trust & Clearing Corporation (DTCC).
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Healthcare Strength — Medical, dental, and vision coverage are comprehensive and include mental health support, in-network preventive care, and company-supported HSA/FSA options. Company HSA contributions plus life, AD&D, and disability coverage further reinforce depth of protection.
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Retirement Support — A 401(k) with company matching and references to pension-related benefits provide meaningful long-term savings support. Charitable contribution matching and financial-planning resources complement the core retirement offerings.
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Parental & Family Support — Generous parental leave, adoption assistance, childcare benefits, and dependent care FSAs indicate strong support for families. Back-up care and specialized family health programs are highlighted as part of the package.
The Depository Trust & Clearing Corporation (DTCC) Insights
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.
