Vice President - Risk Management

Description

Preferred Qualifications :

We are seeking a Vice President to focus on Non-Trading Market Risk (or Interest Rate Risk on Banking Book) and Liquidity Risk Management (Treasury / Balance Sheet Risk Management).

This position will have oversight of the Treasury & Balance Sheet Management (TBSM) team which is responsible for measuring and managing the Bank’s interest rate and liquidity risk, including the oversight of the Bank’s investment portfolio.

Act as a subject matter expert while providing guidance, advice, and / or support to other business partners related to liquidity and non-trading market risks.

This position will also require significant regulatory project work.

Responsibilities :

• Maintain a culture of risk management and control, supported by effective processes in alignment with the established risk appetite for Liquidity and Non-Trading Market Risks.
• Provide oversight of the Non-Trading Market Risk management, including independent reviews of key assumptions and model usage, hedging effectiveness and strategies, investment portfolio, and non-trading market risk framework and policy
• Monitors and escalates the firm's non-trading market risk positions, including design and implementation of firm’s risk appetite
• Provide oversight of the Liquidity Risk management, including independent reviews of liquidity stress testing methodology and assumptions, contingency funding plan, and liquidity risk management framework and policy
• Monitors and escalates the firm's liquidity positions, including design and implementation of firm’s liquidity risk appetite and optimize available liquidity while understanding potential trade-offs between risk and return
• Ensures the compliance of the Non-Trading Market Risk and Liquidity Risk management processes with both US and OSFI regulations, including Dodd-Frank’s Volcker and Enhanced Prudential Standards
• Liaise closely with other business partners including Treasury and Balance Sheet Management, Front Office, other second-line of defense risk partners, and Internal and External Auditors
• Lead, facilitate, and / or implement actions and remediation plans to address performance / risk / governance issues
• Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts

Requirements :

• 4 year degree required
• Advanced degree preferred
• Knowledge of interest rate, FX, and equity risk, including models and key

assumptions for both retail (mortgage) and wholesale banking and

investment products

• Knowledge and experience with key regulatory matters / initiatives, including Reg YY, WW, SR 10-1, and SR 96-13
• Demonstrated strong conceptual and analytical abilities
• Must be able to effectively communicate complex issues and regulatory

requirements to senior management stakeholders

• Strong internal control orientation
• Strong understanding of and experience in implementing large scale and

complex programs / projects

• Exceptional problem-solving skills, communication skills (both written and verbal), and interpersonal skills
• Strong attention to detail and ability to meet tight deadlines

The VP Risk TDS responsibility is to bring transparency to the market risks in TDS. This is achieved via taking a leadership role in the accurate, objective assessment of all key market risks in all trading portfolios in TDS through the identification, understanding and control of these risks.

Depth & Scope :

• Serves 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 risks
• Maintains thorough understanding of all key risk and risk-related issues through continual review of risk reports / related data and dialogue with relevant parties
• Establishes dialogue with TDS trading desks in regards to current positions, key risks, views and strategies
• Assists in the establishment of formal market risk policies and procedures and ensure ongoing suitability to business evolution
• Assists with local market risk regulatory issues
• Develops a thorough understanding of business strategies and key factors contributing to profitability
• Be involved in P&L attribution and periodic performance analysis with commentary linking the desks performance to specific trading strategies, positions, market conditions and underlying risks
• Facilitates 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 results
• Provides periodic analysis and commentary of key market risks for senior management review
• Keeps abreast of new risk management techniques and industry literature
• Demonstrates governance, control and risk management behaviors in alignment with TD policies and practices
• Ensures that execution of the Market Risk Control function is line with documented procedures specific to this role or business

Education & Experience :

• 4 year degree in quantitative or financial field or equivalent experience
• 7 - 10 years related analytical experience
• Must be detail oriented and possess problem-solving skills
• Must be able to work independently with minimal supervision and establish priorities
• Proficient in interpersonal communication (both oral and written), and have the ability to communicate effectively with all levels of staff and management

Physical Requirements :

Never : 0%; Occasional : 1-33%; Frequent : 34-66%; Continuous : 67-100%

• Domestic Travel Occasional
• International Travel Never
• Performing sedentary work Continuous
• Performing multiple tasks Continuous
• Operating standard office equipment - Continuous
• Responding quickly to sounds Occasional
• Sitting Continuous
• Standing Occasional
• Walking Occasional
• Moving safely in confined spaces Occasional
• Lifting / Carrying (under 25 lbs.) Occasional
• Lifting / Carrying (over 25 lbs.) Never
• Squatting Occasional
• Bending Occasional
• Kneeling Never
• Crawling Never
• Climbing Never
• Reaching overhead Never
• Reaching forward Occasional
• Pushing Never
• Pulling Never
• Twisting Never
• Concentrating for long periods of time Continuous
• Applying common sense to deal with problems involving standardized situations Continuous
• Reading, writing and comprehending instructions Continuous
• Adding, subtracting, multiplying and dividing Continuous

The 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.

Who We Are

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.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals.

Total Rewards at TD includes base salary and variable compensation / incentive awards (e.g., eligibility for cash and / or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.

Additional Information :

We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD and we’re committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process

We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

If you are an applicant with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at .

Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.