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.

The Global Operations, Client Services & Administration group delivers world-class safety and soundness for the global financial services industry. The team provides DTCC’s portfolio of core securities and superior transaction processing and client services support in an environment that minimizes risk and cost while maximizing efficiency.

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 Director, Exchange Traded Fund (ETF) Product Management, will lead DTCC's ETF Clearing business with end-to-end accountability for strategy, product development, commercial growth, client engagement, operational performance, and talent leadership. This leader will define the future vision for DTCC's ETF product, driving innovation and market adoption while ensuring the platform continues to deliver resiliency, capital efficiency, risk reduction, and operational value to market participants. This role requires a leader with deep expertise in Primary Market ETF processing, central clearing, and post-trade market infrastructure. The successful candidate will serve as DTCC's senior representative to clients, regulators, industry associations, and market participants.

The Clearing Product Management Director role is responsible for overseeing and enhancing the safety, resiliency, efficiency, and client experience of DTCC’s day-to-day DTC clearing services (Run the Business pillar). The role provides senior product leadership across the production lifecycle, using data, disciplined governance, strong documentation, and clear accountability to identify emerging risks, manage business impact, and sustain reliable outcomes for clients and the market.

Operating within Equity Clearing & Settlement’s integrated product model, the Director partners closely with Operations, Risk, Technology, Client Services, Regulatory Relations, and Finance, as well as with Product Managers focused on the delivery (Deliver the Business) and strategy (Change the Business) pillars. The role serves as a senior subject-matter leader for the DTCC ETF product team, translating production insights, client needs, controls, incidents, regulatory obligations, and performance trends into prioritized actions and sustainable product improvements.

Your Primary Responsibilities:

Clearing product leadership: Provide end-to-end product oversight for DTCC clearing services and related capabilities, with a strong understanding of ETF primary market end-to-end processing, including PCF construction and distribution, intraday activities including order placement and confirmation, critical cutoffs, end-of-day processing, and downstream dependencies.
Production health and service performance: Monitor volumes, service levels, exceptions, client impacts, incidents, recurring defects, and operational trends; use data to expose issues early, establish accountability, and drive timely resolution.
Risk, controls, and resiliency: Partner with Operations, Risk, Technology, and control functions to maintain a sound control environment, address findings and vulnerabilities, strengthen recovery and contingency readiness, and support applicable regulatory and resilience obligations.
ETF domain stewardship: Apply knowledge of ETF primary market processing, including relevant controls, liquidity mechanisms, and risk-management practices, to assess business impacts and support safe, efficient market outcomes.
Incident and problem management: Act as a senior Product Management lead for significant production events, coordinating impact assessment, stakeholder communication, root-cause follow-through, remediation, and lessons learned.
Client and industry experience: Maintain a client-centric perspective across daily service management; engage with clients and internal client-facing teams to understand issues, communicate impacts, and identify opportunities to improve transparency, usability, and service quality.
Change intake and prioritization: Convert production insights, client feedback, risk items, regulatory needs, and operational pain points into clearly defined enhancements; partner with Deliver the Business and Change the Business to sequence work and ensure appropriate ownership and execution.
Release and operational readiness: Represent Run the Business in release planning, testing, implementation, and readiness reviews; confirm that procedures, controls, communications, training, support models, and escalation paths are complete before production deployment.
Governance and management reporting: Prepare clear, data-driven materials for leadership and governance forums, providing transparent views of service health, risks, issues, decisions, dependencies, and recommended actions.
Financial and capacity management: Contribute to annual planning, budgeting, resource prioritization, vendor oversight, and cost management for the Clearing product portfolio.
Cross-functional leadership: Break down silos and align global teams across Product, Operations, Technology, Risk, Legal, Compliance, Finance, and Client Services around shared outcomes.
People leadership: Lead, coach, and develop product professionals; set clear expectations, promote accountability and sound judgment, and foster a culture of collaboration, continuous improvement, and client focus.

Qualifications:

Minimum of 10 years of related experience in product management, securities processing, market infrastructure, financial services operations, or a comparable discipline, with progressively increasing responsibility.
Bachelor’s degree preferred or equivalent experience.
Substantial knowledge of the U.S. securities trade lifecycle and post-trade processing, with strong expertise in ETF products.
Direct experience with DTCC clearing and settlement services infrastructure is required.
Expertise in ETF transaction flows, with a deep understanding of the Authorized Participant (AP), Market Maker (MM), Agent Bank, and Fund Sponsor ecosystem; creation and redemption mechanics; and capital markets infrastructure.
Deep understanding of creation and redemption baskets, custom baskets, and cash vs. in-kind transfers.
Familiarity with SEC Rule 6c-11, Authorized Participant Agreements (APAs), and transfer agent procedures.
Demonstrated experience managing production services in a highly regulated, high-availability environment, including operational risk, controls, resilience, incident response, and root-cause remediation.
Proven ability to use metrics, trend analysis, and structured problem solving to identify risks, assess client and business impacts, make decisions, and drive measurable improvements.
Demonstrated success translating operational, client, risk, or regulatory needs into clear product requirements, priorities, and sustainable solutions.
Strong understanding of product lifecycle management and the interaction among Run the Business, delivery, and longer-term strategic change.
Ability to influence senior stakeholders and make sound decisions across Product, Operations, Technology, Risk, Legal, Compliance, Finance, and client-facing organizations.
Executive-level written and verbal communication skills, including the ability to convey complex clearing issues, risks, and recommendations clearly and concisely.
Experience leading cross-functional and global teams through complex issues, competing priorities, and time-sensitive events.
People leadership experience, with a record of developing talent, setting clear accountability, and fostering a collaborative, client-centric, and continuous-improvement culture.

Talents Needed for Success:

Accountability and ownership: Own outcomes, follow through on commitments, and maintain disciplined documentation and governance.
Operational and risk mindset: Protect production stability while balancing client value, efficiency, controls, and sustainable change.
Data-driven decision-making: Ground recommendations in evidence, trends, and clearly articulated business impact.
Clearing expertise: Understand the mechanics, controls, dependencies, and participant impacts of DTCC clearing.
Client-centric leadership: Begin decisions with how they create value for or affect clients and the broader market.
Collaboration and influence: Build alignment across organizational boundaries and communicate with clarity during both routine governance and high-pressure events.
Strategic thinking and product innovation: Identify and assess market opportunities, translate insights into an actionable product vision, and lead the development of the next generation of clearing capabilities.
Continuous improvement: Challenge the status quo and identify opportunities to simplify, automate, strengthen controls, and improve the product and client experience.

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.

Salary Range: Director-125,000-220,000-USD

About the company

DTCC provides the systems financial firms use to complete securities trades after buyers and sellers agree a transaction. Broker-dealers, banks and asset managers use its services to match trade details, calculate obligations, move securities and report transactions. Its NSCC and FICC subsidiaries clear equity and fixed-income trades, while DTC holds securities and handles settlement and payments such as dividends. By offsetting obligations between firms, its clearing services reduce the securities and cash that must change hands, and its repositories maintain derivatives transaction records for regulatory reporting. The parent was established in 1999 and is headquartered in Jersey City, New Jersey.

Company Size

5,001-10,000

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

1999

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Simplify's Take

What believers are saying

Learning has formal support: DTCC offers tuition reimbursement, mentorship and internal mobility.
Tokenization moved into production: more than 30 firms participated in DTC-tokenized trades in July 2026.
Treasury clearing adds implementation work: FICC prepares for December 2026 cash and June 2027 repo deadlines.

What critics are saying

Public stock liquidity is unavailable: DTCC remains an industry-owned, privately held company.
Digital rollout remains unfinished: in October 2026, DTCC still describes tokenization network availability at a future launch.
Outages carry systemic exposure: DTCC emphasizes continuity against cyber and other disruptions across financial markets.

What makes DTCC unique

Ownership follows customers: DTCC is industry-owned and governed rather than an exchange-owned clearing arm.
Netting reduces settlement traffic: DTCC reports eliminating 99% of equity settlement obligations.
Market data comes from transaction processing: its analytics draw on direct post-trade visibility.

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Benefits

Health Insurance
Life Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Hybrid Work Options

Company News

Markets Media

Oct 16th, 2026

UK in strong position to meet T+1.

UK in strong position to meet T+1. Market participants feel the U.K is in a strong position to meet the migration to a shorter settlement next year and the focus is on small buy-side firms that may still use manual processes, the readiness of vendors and regulatory oversight. The UK Accelerated Settlement Taskforce, in partnership with DTCC, the U.S post-trade infrastructure and Euroclear, the central securities depository, hosted a UK T+1: One Year to Go summit in London on 13 October 2026. Lucy Rigby, MP and economic secretary to the Treasury, said via video at the event that she was confident that the U.K is on track to meet the implementation date for T+1. She said: "We are entering the final year in a position of strength. The next 12 months matter and we need to accelerate delivery." European markets will cut the time for settling trades from two days after a trade, T+2, on 11 October 2027. The migration to T+1 will apply across the 27 member states of the European Union, UK, Switzerland, Liechtenstein, Iceland and Norway. This will bring the region in line with North America, which migrated to T+1 in 2024. In contrast to the process in the U.S., the European transition takes place across multiple jurisdictions, currencies and market infrastructures. For example, there are 31 central securities depositories in Europe. Jamie Bell, head of capital markets: supervision, policy and competition at the Financial Conduct Authority (FCA), the U.K. regulator, agreed that he is "very confident" on the U.K. meeting the T+1 implementation date as the majority of firms "are in the right place." However, he also acknowledged that there is work to do in pockets of the market, such as smaller buy-side firms. Bell said: "You can expect the FCA to be more intrusive as the year progresses and we will be coming to you armed with data. 2027 will be incredibly important for industry testing." Daniel Hickey, global head of custody product and network management at State Street, said on a panel at the event that all key clients are engaged in thinking about automating standard settlement instructions (SSIs) and trade matching. Hickey added that the conversations are now about second or third order effects such as the impact of T+1 on foreign exchange, securities lending and UCITS funds, which settle T+3. "Our top 100 clients have invested in automating SSIs and trade matching, and are in a good place," said Hickey. "This is the key to success." Matt Johnson, executive director for ITP (institutional trade processing) industry relations and international strategy at DTCC, highlighted on the panel that DTCC has more than 18 million SSIs in its database, with approximately 60% provided by the source. DTCC also has data showing that more than 98% of equities trades in the EU are being matched on the same day on average, and 93.5% in fixed income, which has increased from 2025. Mimi Yan, senior technical specialist at the Financial Markets Standards Board (FMSB) and co-lead, operational issues working group at the UK Accelerated Settlement Task Force technical group, agreed that the industry will eventually move to a hybrid model which includes T0, where participants will move between different rails. She said: "We want to become healthier and fitter but we need other define outcomes. Do we need to train for a heptathlon or can we go jogging three times a week?" ESMA, the EU financial markets regulator, said in a statement on 16 October 2026 that the regulatory technical standards and guidelines on standardised procedures and messaging protocols have been published, so the regulatory framework is ready. The first deadline for investment firms and their clients to comply with the new requirements on allocations and confirmations is from 7 December 2026. This includes the mandatory use of electronic, standardised communication channels and international messaging standards; and machine-readable communication methods, except in cases of temporary technical disruptions. Verena Ross, chair of ESMA, described T+1 as one of the most impactful recent market structure initiatives that will fundamentally improve the efficiency and international competitiveness of the EU markets. "The focus now shifts to market participants to comply with the regulatory requirements, ready their systems and processes, and test their preparedness for the change, considering the recommendations of the EU T+1 Industry Committee," she added. Elisabeth Plakinger, principal at consultancy Capco, said on LinkedIn that three dates define the immediate delivery agenda: 7 December 2026; 12-14 June 2027 for messaging and T2S changes, and 11 October 2027 for the transition. "The June sequence leaves two weeks before the next coordinated industry test window," she added. "Clearstream's suspended partial-release functionality remains an open dependency." Operations James Maxfield, chief client officer at Duco, the agentic operations platform for financial services, said in a statement that while automation has dominated much of the conversation around T+1 readiness, firms risk overlooking what happens when things go wrong as zero exceptions is an admirable, but highly unrealistic, goal. Maxfield highlighted the growing use of 24/7 AI agents, with some firms already deploying them to investigate and resolve exceptions in real time which reduces the risk of activity spikes and enables firms to manage exceptions at scale. He added: "The work that firms do now to build smarter post-trade operations will also put them in a much stronger position for any future move towards T0." Richard Baker, founder and chief executive of Tokenovate, which automates post-trade, collateral, and tokenised settlement lifecycles, said in a statement that according to the firm's latest research, 88% of respondents identified fragmented data as a significant or critical challenge to post-trade efficiency.Baker urged firms to use the T+1 transition as an opportunity to join up automation across the trade lifecycle, standardise transaction and event data, and keep the legal and economic terms of a trade connected through to settlement. Hickey said firms should also see the move to T+1 as an opportunity to move to "T flexible", where firms can choose from a range of settlement options, including atomic settlement, as the industry does not want to lose the benefits of netting. "T+1 will continue into Asia," added Hickey. "Settlement will move to digital rails alongside traditional rails as markets move to 24x7." And receive exclusive articles on securities markets The 2026 Global Markets Choice Awards are here! Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below: https://www.jotform.com/form/260086385121150 Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio. As the digital assets industry pushes toward Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below: $50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies. Senior writer. A Senior Writer at Markets Media who became a financial journalist in 2000 after working in banking for over a decade...

Coinfomania

Oct 12th, 2026

DTCC's Dan Doney says collateral management is now mobile.

DTCC's Dan Doney says collateral management is now mobile. October 12th, 2026 DTCC's Dan Doney announces a mobile collateral management system. This innovation could redefine asset management in finance. Quick take. Summary is AI generated, newsroom reviewed. * DTCC's Dan Doney cites a revolutionary approach to asset collateralization. * The new system enhances efficiency across various financial jurisdictions. * Traders are eyeing the implications for blockchain technology in finance. Sponsored: Abra - Instead of selling your Bitcoin. Use it. Borrow against BTC Chainlink partners with DTCC to enhance collateral management systems, marking a significant shift in financial infrastructure. Dan Doney, CTO of DTCC, stated that this new mobile collateral system allows any asset to be managed across jurisdictions at any time. This innovation promises to streamline asset management and improve operational efficiencies, potentially reshaping how financial transactions are conducted in the future. Inside the move. The evolution in collateral management comes as the financial sector increasingly adopts blockchain technology. The partnership between Chainlink and DTCC aims to create a new AppChain, set to launch in Q1 2027, that will enhance efficiency and security in financial transactions. This emphasizes a growing trend towards tokenized securities and 24/7 operational capabilities, which are crucial for modern financial markets. As a result, traders are closely monitoring how these developments might influence market dynamics and trading strategies. Key details. * DTCC and Chainlink are developing a mobile collateral management system. The new AppChain is anticipated to launch in Q1 2027. This system allows asset management across any jurisdiction and custodial system. Emphasis is placed on enhancing operational efficiency and security. The partnership signifies a broader trend toward digital transformation within financial markets. By the numbers. Recent market dynamics show a mixed sentiment across cryptocurrencies, with varying momentum. The introduction of advanced collateral management systems by Chainlink and DTCC is expected to influence trading volumes and market confidence. As these systems are implemented, traders will likely adjust their strategies based on the operational efficiencies introduced, which can impact order book dynamics and liquidity. Chainlink operates as a decentralized oracle network, facilitating secure data transfer between blockchain and real-world applications. The DTCC, or Depository Trust & Clearing Corporation, is a key player in the financial infrastructure, providing clearing and settlement services for securities transactions. Their collaboration aims to enhance the overall security and efficiency of collateral management, making it a vital development in the evolving landscape of finance. What traders are watching next. Traders should keep an eye on the upcoming launch of the AppChain and its implications for collateral management. With the potential for increased efficiency and security, market participants are likely to reassess their positions and strategies in response to these innovations. The integration of blockchain technology in traditional finance could signal a new standard for asset management, affecting trading volumes and market trends significantly. The information provided is based on current announcements and projections. Contributors: Coinfomania News Room Followed by top voices in crypto Follow Coinfomania on google News. Get the latest crypto insights and updates.

CoinPedia

Oct 7th, 2026

XRP news today: why October 12 is drawing attention from institutional digital asset watchers.

XRP news today: why October 12 is drawing attention from institutional digital asset watchers. A post circulating on X flags October 12, 2026 as a date with an unusual concentration of institutional digital asset activity, starting with Evernorth's XRPN, which now expects to begin trading on Nasdaq that day after its closing was pushed back, subject to closing conditions and listing requirements. The same post lists DTCC Digital Assets taking part in the ISLA Americas event, with October also DTCC's planned launch window for its DTC Tokenization Service, a Bank of England interview with Deputy Governor Sarah Breeden on digital assets and tokenisation, the start of the IMF and World Bank Annual Meetings in Bangkok, and the FCA's deadline for a cryptoasset-related consultation. Was this writing helpful? Story Ends Here Trust with CoinPedia: CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors. Investment disclaimer: All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices. Sponsored and advertisements: Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Connect Money

Oct 1st, 2026

DTCC takes stake in iCapital to expand private markets infrastructure

The Depository Trust & Clearing Corporation has taken an undisclosed stake in fintech platform iCapital to expand private markets infrastructure. The partnership aims to reduce workflow hurdles for wealth advisors and asset managers accessing public and private investments. The firms plan to integrate DTCC's Alternative Investment Product with iCapital's platform to enhance transaction processing, data exchange, and financial reporting capabilities. For advisors, the expansion will streamline alternative investments within client portfolios, whilst asset managers gain more standardised infrastructure for serving the wealth market. DTCC's head of Wealth & Investment Solutions, Talia Klein, will join iCapital's board. Last July, iCapital raised over $820 million in a funding round co-led by T. Rowe Price and SurgoCap Partners, achieving a post-money valuation exceeding $7.5 billion.

Australian FinTech

Sep 29th, 2026

DTCC appoints industry leader Samir Pandiri as Chief Client Officer.

DTCC appoints industry leader Samir Pandiri as Chief Client Officer. The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, has appointed Samir Pandiri as Managing Director and Chief Client Officer, effective 28 September. Pandiri joins the DTCC Executive Committee and will report to Frank La Salla, President & Chief Executive Officer. Pandiri will oversee DTCC's Global Client Management team (Client Leads, Relationship Management & Growth, Partnerships and Strategic Alliances), DTCC Consulting Services and Marketing & Communications. He will hold overarching responsibility for building long-term client and stakeholder partnerships and driving excellence and innovation in client coverage and value delivery. Throughout his 30-plus years in finance, Pandiri has managed large organisations, driven key post-trade infrastructure initiatives and collaborated with senior leaders across the industry. He has an extensive background in asset servicing, fund administration, capital markets, fintech, corporate services, wealth management and trustee services. Prior to joining DTCC, Pandiri held executive leadership positions at TMF Group, Apex Group, Broadridge International and BNY. He has led teams in the Americas, EMEA and APAC throughout his career, including more than 15 years in Hong Kong and London. "Samir's unique combination of skills will enable us to build stronger relationships across the industry and serve as a strategic partner to our clients," said La Salla. "His deep knowledge of global finance and post-trade infrastructure will be critical as we advance initiatives to enhance market structure, mitigate risk and create the digital markets of the future." "I have had the privilege of interacting directly or indirectly with DTCC over the years, and from those experiences, I have developed a deep appreciation and respect for the critical work of the company and the outstanding people who deliver on its mission every day," said Pandiri. "I'm excited to join the firm and help further elevate how we support our clients during this period of accelerating change and transformation."

DTCC

ETF Product Management Director

About the job