The Depository Trust & Clearing Corporation (DTCC) · 23 hours ago
Stress Testing Executive Director
Jersey City, NJ
Full-time
Hybrid
Director/Executive
15+ years expThe Depository Trust & Clearing Corporation (DTCC) is at the forefront of innovation in the financial markets, seeking a strategic and experienced Head of Stress Testing to lead its stress testing program. This senior role is critical for ensuring the integrity and resilience of DTCC's central counterparty services, requiring extensive experience in stress testing and risk management.
FinanceFinancial ExchangesFinancial ServicesInformation Technology
Responsibilities
Own and lead the design, execution, and governance of stress testing across cleared products and counterparties, covering credit, liquidity, and market risk
Develop and maintain robust hypothetical, historical, and special event scenarios, including economic, business, systemic, and idiosyncratic stress events relevant to the clearing and settlement businesses
Evaluate scenario results, alignment to internal risk appetite statements, and interpret risk presented to the clearing agencies
Coordinate with the default management team to evaluate and test stress scenarios aligned with the default waterfall and default fund sizing methodologies
Oversee compliance with global regulatory expectations and industry standard processes, including PFMI Principle 4 (Credit Risk), Principle 6 (Margin), Principle 7 (Liquidity), as well as jurisdictional rules (e.g., CFTC Stress Testing Requirements, ESMA RTS)
Drive the development and maintenance of the Recovery and Wind-Down Plans (RWPs) in coordination with key internal and external partners, addressing both financial and operational continuity under severe stress
Present stress testing results and recovery planning insights to the various Risk Committees, clearing participants, and regulators
Work closely with model validation, quantitative risk, operations, and technology teams to ensure integrity and efficiency automation of the stress testing framework
Contribute to clearing agency-wide efforts related to RWP planning, default simulations, and the annual default management drills
Monitor external risks (e.g., geopolitical shocks, cyber events, market structure shifts) and integrate forward-looking risk intelligence into scenario design
Proven experience leading multi-functional, global teams, including the development and coaching of staff
Fosters a risk management culture through implementation and demonstration of processes and procedures which identify and mitigate risk
Qualification
Required
Bachelor's degree in Finance, Mathematics, Economics, Engineering, or related field; advanced degree (e.g., MS, PhD, MBA) preferred
Minimum 15 years of experience in financial risk management, with 5+ years directly in a CCP, clearinghouse, or systemic risk setting
Expert knowledge of clearing agency stress testing requirements, including IOSCO/CPMI Principles for Financial Market Infrastructures (PFMI), CCP Resilience Guidance, and relevant regulatory frameworks (e.g., CFTC, SEC, ESMA, BoE)
Demonstrated experience designing and completing hypothetical, historical, and reverse stress testing programs
Strong understanding of recovery and wind-down planning for financial market infrastructures (FMIs)
Benefits
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.
Company
The Depository Trust & Clearing Corporation (DTCC)
With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry.
5001-10000 employees
H1B Sponsorship
The Depository Trust & Clearing Corporation (DTCC) has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (119)
2024 (59)
2023 (74)
2022 (84)
2021 (36)
2020 (77)
Funding
Current Stage
Late StageLeadership Team
Frank La Salla
President, CEO and Director of DTCC
E
Edward Cortes
Executive Director
Recent News
2026-01-16
2026-01-09
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