Stress Testing Executive Director
The Depository Trust & Clearing Corporation (DTCC), WorkFromHome
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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.
Our Risk Management teams work to protect the safety and soundness of our systems and are responsible for identifying, managing, measuring and mitigating a spectrum of key risk types including credit, market, liquidity, systemic, operational and technology in all existing and new products, activities, processes and systems.
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).
DTCC is seeking a strategic and experienced Head of Stress Testing to lead the design and execution of our clearing house's stress testing program. This role is critical to safeguarding the integrity and resilience of our central counterparty services. The ideal candidate will have extensive experience in hypothetical, historical, and special event stress testing, with deep knowledge of clearing risk frameworks and recovery and wind-down planning as required by international standards (e.g., PFMI, EMIR, CFTC, SEC). This is a senior role with high access to stakeholders such as regulators, internal audit, clearing members, market participants, and senior management, and is essential to ensuring DTCC continues to operate in a safe, sound, and resilient manner under extreme but plausible conditions.
Your Primary 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.
- 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).
Seniority level
Seniority level
Executive
Employment type
Employment type
Full-time
Job function
Job function
Engineering and Information Technology
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