Operational & Technology Risk Management

DTCC maintains an operational risk management program that enables the identification, assessment, management, monitoring and reporting of the risks encountered in the day-to- day business. The program establishes DTCC’s overall approach for identifying internal and external sources of risks, assessing the implications, prioritizing and developing plans to address such risks so that they can be remediated to the extent practicable.

Each business unit implements an operational risk management program and related elements in accordance with the Clearing Agency Operational Risk Management Framework.

To determine how to address these risks, management regularly conducts operational risk profile assessments, which includes a thorough analysis of DTCC’s business functions and how each of these risk categories may be implicated in the business operations. The data collected informs the organization’s business planning and helps guide decision-making with respect to the need for additional investments that may further reduce risk or the readjustment of risk tolerance. Furthermore, to enhance the current risk framework, DTCC has processes to enable the enterprise to identify and consider future scenarios that may materially impact an DTCC business to an extent that threatens everyday viability of the business/organization. These activities allow the organization to identify possible vulnerabilities in critical functions and critical external dependencies across the enterprise.

With respect to human capital and people risk, DTCC defines job responsibilities in order to recruit qualified talent and compensates them competitively based on market data and internal equity. Personnel have access to a range of in-house, online and external learning offerings and programs to support risk management capabilities, professional/leadership development and business/functional knowledge. DTCC regularly tracks voluntary attrition, conducts exit interviews and takes appropriate action to mitigate the impact of turnover. Succession and replacement plans are in place to address key-person risk for Managing Directors and other key jobs.

• Partnering With Our Vendors

  At DTCC, we recognize that building strong relationships with our supply chain partners is critical to our success. In our effort to deliver outstanding products and services, we strive to position our supply chain as a key differentiator.

  Learn more on our Vendor Management page.