The Depository Trust & Clearing Corporation announced today its participation in the 100,000 Jobs Mission, a coalition comprising major corporations that have committed to hiring 100,000 transitioning service members and military veterans by 2020. As part of the initiative, DTCC plans to proactively recruit veterans via job fairs, military bases, recruitment agencies and online initiatives.
"As the financial services industry continues to face a challenging landscape with new regulations and a heightened focus on risk management, we need people who possess the leadership, integrity, training, resourcefulness and technical skills that are typical of U.S. military veterans," said Anthony Portannese, DTCC Managing Director, Human Resources. "Our experience in hiring men and women who have served their country has proven that they are well suited to the task of helping us achieve our mission to protect our clients and the financial markets by reducing risks, amplifying operating efficiency and minimizing costs."
The 100,000 Jobs initiative complements DTCC's overall recruiting strategy and aligns with its goal to hire top talent. In recent months, DTCC has successfully tapped the veteran talent pool in Tampa, Florida, where its Southern Business Center is located. The majority of recent new hires at this facility have been in the area of information technology. Tampa is also home to MacDill Air Force Base, where more than 15,000 military and 2,700 civilian personnel are assigned.
"Information security is more important than ever in today's financial services environment of expanding regulatory requirements and the ever-increasing frequency and sophistication of threats to systems and information," said Mark Clancy, DTCC Managing Director, Technology Risk Management, who oversees DTCC's Corporate Information Security Office. "With DTCC's critical role in providing safety and soundness to the financial services industry, we are always on the lookout for talented individuals who have the skills to help us maintain top-notch information security programs to protect the nation's financial infrastructure. We have successfully found those skills in our U.S. veterans, many of whom come from MacDill and the surrounding Tampa market."
Partnering with the 100,000 Jobs Mission further builds on DTCC's commitment to assist military veterans. For example, DTCC's Director of Human Resources in Tampa is a United States Air Force Guardsman who recently returned from a military deployment in Iraq.
There are more than 40 corporate partners involved with the 100,000 Jobs Mission including JPMorgan Chase & Co., IBM, Verizon, AT&T, Pitney Bowes and Cushman & Wakefield. The 100,000 Jobs Mission is supported by the landmark Joining Forces initiative led by First Lady Michelle Obama and Dr. Jill Biden. Joining Forces was established to raise awareness and rally all sectors of society to recognize the service and sacrifices of veterans and military families and give them the opportunities and support they have earned.
For more information on the 100,000 Jobs Mission, visit Military.com's 100,000 Jobs Center.
Through operating facilities and data centers around the world, DTCC and its subsidiary companies automate, centralize and standardize the post-trade processing of financial transactions for thousands of institutions worldwide. With more than 40 years of experience, DTCC is the premier post-trade infrastructure for the global financial markets, simplifying the complexities of clearance, settlement, asset servicing, global data management and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, derivatives, money market instruments, syndicated loans, mutual funds, alternative investment products, and insurance transactions. In 2011, DTCC processed securities transactions valued at approximately US$1.7 quadrillion. Its depository provides custody and asset servicing for securities issues from 122 countries and territories valued at US$39.5 trillion. DTCC's global OTC derivatives trade repositories hold records on more than US$500 trillion in gross notional value on transactions across multiple asset classes globally. For more information, visit www.dtcc.com.