Product Management Executive Director
Apply NowCompany: DTCC
Location: Jersey City, NJ 07305
Description:
Job Description
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 aim 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.
Pay and Benefits:
The Impact you will have in this role:
The Head of Mortgage, Executive Director, is a key leadership role in Product Management working alongside the Head of Fixed Income Business in efforts to develop new products and services and expand participation in existing Fixed Income products and services with the goal of enabling the clients and industry to further mitigate risk, build new market efficiencies, and reduce overall costs. This role involves collaboration across industry participants, vendors, and cross-functional DTCC teams to build viable arguments for new products and services.
Your Primary Responsibilities:
**NOTE: The Primary Responsibilities of this role are not limited to the details above
Qualifications:
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.
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 aim 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.
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 Head of Mortgage, Executive Director, is a key leadership role in Product Management working alongside the Head of Fixed Income Business in efforts to develop new products and services and expand participation in existing Fixed Income products and services with the goal of enabling the clients and industry to further mitigate risk, build new market efficiencies, and reduce overall costs. This role involves collaboration across industry participants, vendors, and cross-functional DTCC teams to build viable arguments for new products and services.
- Exciting Opportunity: Play a leadership role in the Fixed Income business and influence DTCC's future by working closely with the industry and senior business leadership to bring new opportunities to life.
- Business Growth: Drive the growth of the mortgage business by identifying and capitalizing on new opportunities and seeing product ideas through from conception to implementation.
- Career Growth: Numerous potential opportunities for career growth within the team or in senior positions across our businesses.
Your Primary Responsibilities:
- Support the Head of Fixed Income Business in leading efforts to develop new products and services and expand participation in existing Fixed Income products and services, with emphasis on increasing the level of participation of buyside firms in the Fixed Income businesses.
- Drive collaboration across industry participants, vendors, and cross-functional DTCC teams to build viable arguments for the development of new products and services for the Fixed Income businesses.
- Lead the PL for the MBS Product, including the understanding of all the fees, expenses and market impact on the PL.
- Strengthen the relationships with the MBS market participants: mortgage originators, dealers, banks and the buy side.
- Be able to engage in and lead client and industry forums.
- Understand and lead the closeout process of MBSD Clearing Members.
- Support the development of business cases and business requirements for new products and services.
- Own, design, and drive end-to-end execution of business development initiatives.
- Support the expansion of non-US firms' participation in the Fixed Income businesses. Assist Fixed Income in its foreign regulatory reporting efforts on a scheduled and ad hoc basis as needed.
- Operate independently and thoughtfully while driving business development and ensuring compliance with all DTCC standards.
**NOTE: The Primary Responsibilities of this role are not limited to the details above
Qualifications:
- In depth understanding of the mortgage market and the mortgage lifecycle from origination, TBA trading to pool allocations and pool settlement.
- Excellent understanding of central clearing and what role MBSD plays in the mortgage marketplace
- Understanding of SIFMA MBS guidelines
- Extensive experience in product management and business development within the financial services industry.
- Consistent record of driving measurable outcomes.
- Strong analytical skills and ability to develop arguments and requirements.
- Excellent communication and interpersonal skills.
- Ability to operate independently and thoughtfully while driving business development initiatives.
- Experience in navigating regulatory environments and ensuring compliance.
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.