CFO Embedded Risk Manager

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.

Finance is one organization composed of ten functions forming the financial backbone of DTCC, leaders who stand at the forefront of DTCC’s competitive endeavors across the globe. From accountants and financial analysts to internal consultants and workplace designers, the CFO Organization employs diverse individuals who work together to help make DTCC a global leader in the financial services industry. 

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:
  Are you an internal auditor with 4+ years of experience? Are you looking to transition to a new and more diverse risk management role? Or, are you an operational risk professional who wants to immerse yourself in a finance function and contribute to improving its control environment? The Embedded Risk Manager (ERM) will support CFO teams in managing, monitoring, and reporting on operational risk. The ERM will be a trusted advisor on managing risk and improving the financial functions' control environments. In addition, the ERM will document risk assessments; write and maintain operating procedures, process maps, and risk/control inventories; design and administer control testing; report on key risk indicators; and help fulfill team and department-wide deliverables, such as requests from control groups (e.g., Compliance). 

Your Primary Responsibilities: 

• Control Environment Assessments: Examine internal controls, document findings and potential issues, and provide strategic and proactive consultation in identifying risk exposures and developing solutions.
• Administration: Provide day-to-day administration of risk management activities, including tracking completion of action plans, documentation reviews, and control group requests.
• Excel-Based End User Computing: Advise teams on Excel-based control design and execution and provide oversight of control maintenance activities
• Control Testing: Develop, monitor, complete, and report on management’s self-testing of controls.
• Process Mapping: Document, update, and analyze end-to-end process maps.
• Risk/Control Inventories: Build and maintain risk & control inventories, and facilitate teams’ timely review of them.
• Risk Profiles: Complete quarterly risk profiles for the Chief Financial Office.
• Action Plans: Identify action plans to remediate audit findings and operational risk incidents, advise on approach to closing them, and track their completion.
• Procedure Maintenance: Serve as a Chief Financial Office documentation gatekeeper, making sure procedure documentation is updated on time, verifying edits meet Compliance and documentation standards, and verifying documentation includes controls.
• Procedure Projects: Manage projects of significant scope to update policies, processes, and procedures. Write policies and procedures that are user friendly, organized logically, well written, and meet the needs of different collaborators, such as new employees, internal control groups, and regulators.
• Control Group Deliverables: Help teams interpret and fulfill requests from our internal control groups.
• Third-Party Risk: Review third-party risk assessments of the Chief Financial Office’s suppliers.
• Metrics: Develop, maintain, and report on key risk indicators and performance measurements, including the organization’s risk tolerance dashboards.  

Qualifications:

• Minimum of 8 years of related experience
• Bachelor's degree preferred or equivalent experience
• Certified Public Accountant (CPA) designation strongly preferred 

Talents Needed for Success:

• Experience in audit, risk management, or compliance.
• Experience analyzing processes, identifying risk, and developing controls, preferably in the financial services industry.
• Demonstrable experience creating and maintaining risk management documentation, including process maps, risk & control matrices, and procedures
• Proficient in Microsoft Excel, with experience in reviewing and auditing complex financial workbooks to ensure accuracy, consistency, and compliance with internal control
• Strong written communication; a writing sample will be required.
• Automated control testing experience ideal but not required.

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.

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.

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