Risk Management Team Position
A World-Class, Diverse, Inclusive and Forward-Thinking Risk Management Team. Curious, creative, innovative, independent. Do any of these attributes describe you? If so, then you may be perfectly suited for our team.
The US Non-Traded Market Risk Team (US NTMR) is a part of the Treasury Risk Oversight second line of defense organization. Treasury Risk Oversight is responsible for providing independent oversight and challenge of the Bank's capital, liquidity, and non-trading market risk (or interest rate risk in the banking book).
The US NTMR mandate includes :
- Setting the Bank's NTMR risk appetite working with the first line of defense, and developing & maintaining risk frameworks where limits are respected and consistent with the Bank's risk appetite
- Challenge functional specifications and implementation choices to ensure that Treasury risk systems are designed to provide comprehensive, flexible, and transparent analysis and reporting features
- Providing independent oversight over risk measures, which includes independent review, challenge, and approval of scenario designs, measurement input (e.g., assumptions, methodologies) and review of results
- Setting the second line of defense governance structure, including the decision-making model and the roles & responsibilities of all NTMR stakeholders
The role requires an individual with experience and / or knowledge of treasury and risk management functions at a financial institution and would benefit from experience with QRM (quantitative risk management software).
The accountabilities of the role include, but are not limited to :
Providing effective challenge and risk management insights related to key interest rate risk measures, such as Economic Value of Equity and Net Interest Income Sensitivities.Provide strategic advice on interest rate risk methodologies, scenarios, systems, and reporting, to future-proof NTMR's analytical tools and capabilitiesProviding in depth technical leadership and expertise in the oversight of non-trading market risk across US ALMOversight of the QRM platform, and ownership of the second line of defense strategy for the software's useBuilding a maintaining strong relationship with key Business PartnersProviding oversight and thought leadership to reporting and governance controls including implementation and change controls of measurement input through expertise and highly specialized knowledge of analytical concepts and techniques.Understanding the requirements of Interest Rate Risk in the Banking Book (IRRBB) standards and their implication to the BankProactively build awareness of key risk issues by educating business leaders and providing training to the teamServes as a point-person and provides oversight in regards to market risk control for trading desks in the Region
Assists in the identification of all key market risks and determine appropriate risk metrics to assess these risksMaintains thorough understanding of all key risk and risk-related issues through continual review of risk reports / related data and dialogue with relevant partiesEstablishes dialogue with TDS trading desks in regards to current positions, key risks, views and strategiesAssists in the establishment of formal market risk policies and procedures and ensure ongoing suitability to business evolutionAssists with local market risk regulatory issuesDevelops a thorough understanding of business strategies and key factors contributing to profitabilityBe involved in P&L attribution and periodic performance analysis with commentary linking the desks performance to specific trading strategies, positions, market conditions and underlying risksFacilitates the design of appropriate stress tests and scenarios that will highlight key market risks, in specific business lines and in the firm as a whole, under stress situations and provide ongoing commentary on stress resultsProvides periodic analysis and commentary of key market risks for senior management reviewKeeps abreast of new risk management techniques and industry literatureDemonstrates governance, control and risk management behaviors in alignment with TD policies and practicesEnsures that execution of the Market Risk Control function is line with documented procedures specific to this role or businessEducation & Experience :
4 year degree in quantitative or financial field or equivalent experience7 - 10 years related analytical experienceMust be detail oriented and possess problem-solving skillsMust be able to work independently with minimal supervision and establish prioritiesProficient in interpersonal communication (both oral and written), and have the ability to communicate effectively with all levels of staff and managementPhysical Requirements :
Domestic Travel OccasionalInternational Travel NeverPerforming sedentary work ContinuousPerforming multiple tasks ContinuousOperating standard office equipment - ContinuousResponding quickly to sounds OccasionalSitting ContinuousStanding OccasionalWalking OccasionalMoving safely in confined spaces OccasionalLifting / Carrying (under 25 lbs.) OccasionalLifting / Carrying (over 25 lbs.) NeverSquatting OccasionalBending OccasionalKneeling NeverCrawling NeverClimbing NeverReaching overhead NeverReaching forward OccasionalPushing NeverPulling NeverTwisting NeverConcentrating for long periods of time ContinuousApplying common sense to deal with problems involving standardized situations ContinuousReading, writing and comprehending instructions ContinuousAdding, subtracting, multiplying and dividing ContinuousThe above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.
TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.
