Liquidity Risk & Stress Testing Intern [2025 Internship Program]

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're 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.

About our Internship Program:

The Summer Internship Program is a unique and challenging 10-week experience for diverse, talented, high-performing individuals interested in different aspects of the financial and technology industry. Contingent upon business needs, performance and completion of degree, our internship serves as a pipeline to our full-time early-career program EDGE.

What to expect as a DTCC Intern:

• Access to senior leaders
• Workshops for skill-building and career development
• Participation in employee resource groups
• Team volunteering with local charities
• A sense of community
• Assigned a mentor throughout the summer
• 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 mission of Financial Risk & Governance (FR&G) is to provide effective and efficient identification, measurement, monitoring and control of market, credit, liquidity & stress testing related risks to the clearing and settlement processes for DTCC, its members and the markets. In addition, FR&G provides critical governance and quality assurance capabilities for key risk functions that are designed to meet rigorous organizational and regulatory standards. FR&G works under delegated authority from the Board and senior management to manage these risks within defined risk tolerances, as approved by the Board and senior management. FR&G collaborates closely with Quantitative Risk Management, Operational Risk, and other teams within and outside of the Group Chief Risk Office to effectuate a comprehensive approach to financial risk management at DTCC to support an effective second line of defense. FR&Gs prime directive for DTCC's applicable clearing agencies and joint ventures consists of the following:

. Maintain sufficient collateral to cover any losses associated with the liquidation of any defaulting member or family portfolio under extreme but plausible scenarios.

. Ensure that sufficient liquidity resources are available so that each entity is able to settle all transactions as contracted in the event of a failure by the single largest member or family under extreme but plausible circumstances.

. Exercise continuous improvement of policies, procedures and processes that support robust, ongoing member surveillance and effective but appropriate response to distress events and
. Maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity, and credit risks.

Being a member of the Liquidity Risk & Stress Testing team, the LRM & ST Intern will assist monitoring and managing market and liquidity risk exposures arising from trade execution and settlement activities in the clearing corporations and the depository, including in extreme but plausible market conditions. Responsibilities also include supporting new business initiatives, collaborating on risk systems design and process enhancements, and maintaining compliance with Risk Management policies and procedures.

Qualifications:

• Candidates must be working towards a bachelor's degree in the following curriculums: Business, Economics, Finance, or Accounting or any other related field
• Candidates must have authorization to work permanently in the US without the need for sponsorship (now or in the future)
• Candidates must have minimum of a 3.2 GPA

Talents Needed for Success:

• Must demonstrate superior analytical and communication skills
• Strong interest in the financial services industry, with previous internship experience a plus
• Knowledge of financial statement analysis, utilizing knowledge gained in courses such as financial markets analysis and accounting
• Familiarity with regulatory rules and regulations
• An interest in working with new technological initiatives and setting forth business requirements