Full-Time

Benefits Associate

Updated on 3/14/2025

DTCC

DTCC

1,001-5,000 employees

No salary listed

Mid, Senior

New York, NY, USA

Hybrid model of 3 days onsite and 2 days remote.

Category
Administration
People & HR
Required Skills
Word/Pages/Docs
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor's degree preferred with Masters or equivalent experience
  • 5 years of benefits experience, multinational environment a plus
  • Must have strong health and welfare, and retirement benefit experience
  • Knowledge of benefits practices and industry trends
  • Ability to prioritize under a tight timeline
  • Ability to manage vendor relationships, balancing good partnership and getting results
  • Ability to partner effectively across all levels of an organization
  • Strong data management and analytics, PC skills, including Excel, Word, etc.
  • Strong understanding of Federal, State, and Local leaves
Responsibilities
  • Assists with the administration of benefits processes and programs to deliver benefits services to employees, while ensuring regulatory compliance, appropriate governance and risk management.
  • Builds strong partnership and collaborates with all levels across the company to ensure benefits delivery, aligned with and support organizational business and HR strategies.
  • Manages benefits vendor relationships in benefits administration and regulatory compliance.
  • Ensures all payroll related transactions are reported to the payroll team in a timely manner.
  • Reviews, reconciles, and processes monthly invoices to ensure accuracy and process payments timely.
  • Communicates policies, practices and guidelines effectively to all levels of the organization including senior executives.
  • Provides ongoing internal and external audit support by responding to requests and providing information on benefit processes and procedures.
  • Manages the US leave of absence process (including payroll and HRIS reporting) and ensure appropriate and timely communications with internally and externally.
  • Provides employee and People Manager with education and support through the leave process.
  • Provides support to US retirement programs, including analyzing reports, fundings and handling participant inquiries as needed.
Desired Qualifications
  • Multinational environment experience is a plus

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

1973

Simplify Jobs

Simplify's Take

What believers are saying

  • ComposerX positions DTCC to capitalize on blockchain-based financial services demand.
  • Hyderabad office enhances DTCC's operational capabilities and access to tech talent.
  • Cross-margining with CME Group could lead to significant client cost savings.

What critics are saying

  • MiFID III/MiFIR II regulations may increase DTCC's compliance costs.
  • Cross-margining expansion may expose DTCC to increased counterparty risk.
  • Opening a second office in India poses geopolitical and regulatory risks.

What makes DTCC unique

  • DTCC is the only industry-owned global provider of trade reporting services.
  • ComposerX offers a comprehensive suite for managing digital assets' full lifecycle.
  • DTCC's GTR consolidates derivatives and securities trade reporting on a single platform.

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Benefits

Health Insurance

Life Insurance

401(k) Retirement Plan

Unlimited Paid Time Off

Hybrid Work Options

Company News

FF News
Mar 14th, 2025
Dtcc’S Gtr To Add Mifid/R Reporting Capabilities To Further Support Market Participants With Transaction And Trade Reporting Obligations

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced its plans to add a Markets in Financial Instruments Directive/Regulation (MiFID/R) ARM service to its Global Trade Repository (GTR) service in support of evolving transaction and trade reporting requirements. Subject to regulatory approval, the service is targeted to be launched in the UK by Q1 2026 and in the EU in line with the upcoming regulatory changes.Once launched, GTR’s MiFID/R capabilities will enable firms to fulfil their transaction reporting obligations under the regulation. Firms will also benefit from ancillary services such as data quality analytics as well as smart tooling to assist with monitoring, controls and exception management. In addition, the service will include a dedicated back-reporting channel with queuing and in sequence processing to authorities as well as a suite of end-of-day reports to facilitate timely issue resolution. DTCC’s GTR is the only industry-owned and governed global provider of trade reporting services and now supports the major reporting regulations from a single global platform.“In support of the industry’s evolving trade and transaction reporting needs, we look forward to working closely with key stakeholders to launch the new GTR MiFID/R capabilities in early 2026 following regulatory approvals,” said Michele Hillery, DTCC Managing Director and Head of Repository and Derivatives Services. “DTCC is uniquely positioned to leverage its expertise in regulatory trade and transaction reporting to not only help clients comply with forthcoming mandates, but also to enable them to modernize and optimize their operational processes.”With the addition of MiFID/R capabilities, GTR consolidates derivatives and securities trade and transaction reporting on a single platform, offering clients the opportunity to optimize cost, governance, operational risk and controls management.“As with past regulations, there will be operational complexities once the MiFID III/MiFIR II regulation is introduced,” said Syed Ali, DTCC Managing Director, Repository & Derivatives Services (RDS)

Australian FinTech
Mar 12th, 2025
Dtcc’S Gtr To Add Mifid/R Reporting Capabilities To Further Support Market Participants With Transaction And Trade Reporting Obligations

The Depository Trust & Clearing Corporation (DTCC) today announced its plans to add a Markets in Financial Instruments Directive/Regulation (MiFID/R) ARM service to its Global Trade Repository (GTR) service in support of evolving transaction and trade reporting requirements. Subject to regulatory approval, the service is targeted to be launched in the UK by Q1 2026 and in the EU in line with the upcoming regulatory changes.Once launched, GTR’s MiFID/R capabilities will enable firms to fulfil their transaction reporting obligations under the regulation. Firms will also benefit from ancillary services such as data quality analytics as well as smart tooling to assist with monitoring, controls and exception management. In addition, the service will include a dedicated back-reporting channel with queuing and in sequence processing to authorities as well as a suite of end-of-day reports to facilitate timely issue resolution. DTCC’s GTR is the only industry-owned and governed global provider of trade reporting services and now supports the major reporting regulations from a single global platform.“In support of the industry’s evolving trade and transaction reporting needs, we look forward to working closely with key stakeholders to launch the new GTR MiFID/R capabilities in early 2026 following regulatory approvals,” said Michele Hillery (pictured), DTCC Managing Director and Head of Repository and Derivatives Services. “DTCC is uniquely positioned to leverage its expertise in regulatory trade and transaction reporting to not only help clients comply with forthcoming mandates, but also to enable them to modernize and optimize their operational processes.”With the addition of MiFID/R capabilities, GTR consolidates derivatives and securities trade and transaction reporting on a single platform, offering clients the opportunity to optimize cost, governance, operational risk and controls management.“As with past regulations, there will be operational complexities once the MiFID III/MiFIR II regulation is introduced,” said Syed Ali, DTCC Managing Director, Repository & Derivatives Services (RDS)

Australian FinTech
Feb 26th, 2025
Dtcc Comments On The Us Treasury Clearing Mandate Deadlines

The Depository Trust & Clearing Corporation (DTCC) has issued the following statement, “FICC appreciates the regulatory clarity around the US Treasury clearing mandate deadlines. Even with these changes to the various deadlines, we are ready to launch our enhanced access models and segregated customer margin capabilities in March, and will proceed with offering those services to our clients as and when they are ready to use them. We will also work closely with our clients to address any challenges that drove the request for an extension.“FICC remains committed to continually delivering our clients best-in-class central clearing solutions that enable greater efficiency and liquidity, promote transparency and competition, and improve the safety and soundness of the US Treasury market.”

Australian FinTech
Feb 24th, 2025
Cme Group And Dtcc To Enhance Existing Cross-Margining Arrangement, Extending Benefits To End Users By December 2025

Leading derivatives marketplace CME Group, and The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today confirmed plans to expand their existing cross-margining arrangement to provide increased margin savings and capital efficiencies to end users by December 2025.Subject to regulatory approval, this proposed enhancement to the long-standing CME-DTCC cross-margining arrangement will allow eligible end user clients at CME Group and the Government Securities Division (GSD) of DTCC’s Fixed Income Clearing Corporation (FICC) to access capital efficiencies that are available when trading U.S. Treasury securities and CME Group interest rate futures that have offsetting risk exposures. To participate in end-user cross margining, clients will need to leverage the same dually registered Futures Commission Merchant (FCM) and broker/dealer (as registered with the SEC) at both CCPs. Aligning enhanced cross-margining for end-user customers with the regulatory timeline for expanded U.S. Treasury Clearing requirements encourages greater utilization of central clearing, therefore reducing systemic risk.“Bringing the benefits of cross-margining to the end-user is a critical step in enhancing capital efficiencies across U.S. Treasury market participants,” said Laura Klimpel (pictured), Managing Director and Head of DTCC’s Fixed Income and Financing Solutions

PR Newswire
Feb 24th, 2025
Cme Group And Dtcc To Enhance Existing Cross-Margining Arrangement, Extending Benefits To End Users In December 2025

NEW YORK and LONDON and HONG KONG and SINGAPORE and SYDNEY , Feb. 24, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, and The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today confirmed plans to expand their existing cross-margining arrangement to provide increased margin savings and capital efficiencies to end users by December 2025.Subject to regulatory approval, this proposed enhancement to the long-standing CME-DTCC cross-margining arrangement will allow eligible end user clients at CME Group and the Government Securities Division (GSD) of DTCC's Fixed Income Clearing Corporation (FICC) to access capital efficiencies that are available when trading U.S. Treasury securities and CME Group interest rate futures that have offsetting risk exposures. To participate in end-user cross margining, clients will need to leverage the same dually registered Futures Commission Merchant (FCM) and broker/dealer (as registered with the SEC) at both CCPs. Aligning enhanced cross-margining for end-user customers with the regulatory timeline for expanded U.S. Treasury Clearing requirements encourages greater utilization of central clearing, therefore reducing systemic risk."Bringing the benefits of cross-margining to the end-user is a critical step in enhancing capital efficiencies across U.S