Skip navigation Jump to main navigation

Michael Leibrock

Lecturer; Managing Director, Head of Counterparty Credit Risk and Systemic Risk, Depository Trust & Clearing Corporation (DTCC)

As Managing Director, Head of Counterparty Credit Risk and Systemic Risk at the Depository Trust & Clearing Corporation (DTCC), Michael Leibrock is responsible for the identification and monitoring of potential systemic threats to DTCC and the securities industry, actively engaging with DTCC clients and regulators on systemic risk topics and producing periodic industry white papers and other thought leadership products. In addition, he is responsible for all counterparty credit risk originating from DTCC’s clearing agencies covering equities and fixed income securities. He also serves as a member of DTCC’s Model Risk Governance Committee, co-chair of the Systemic Risk Council and is a member of the Management Risk Committee and Risk Advisory Council.

Prior to DTCC, Leibrock held several senior risk management roles including Chief Counterparty Risk Officer at Fannie Mae and Head of Financial Institutions Credit Risk for Commerzbank A.G.

He is a part-time lecturer at Columbia University’s Master of Science in Enterprise Risk Management program.


  • Ph.D., Pace University
  • M.B.A., Fordham University


Understanding Systemic Risk in Global Financial Markets (Wiley Finance, 2017), co-author with Aron Gottesman