Job Information
TD Bank VP - Risk TDS (US) in New York, New York
Work Location :
New York, New York, United States of America
Hours:
40
Line of Business:
Risk Management
Pay Detail:
$115,000 - $185,000 USD
TD is committed to providing fair and equitable compensation opportunities to all colleagues. The included salary range for this role takes into account multiple factors that are considered in making compensation decisions. The base pay actually offered may vary based upon candidate's skills and experience, job-related knowledge, licensure and certifications, geographic location, and other specific business and organizational needs. As TD puts career development at the forefront of our colleague experience, it is not typical for an individual to be hired at or near the top of the range for their role.
As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role
Job Description:
Preferred Qualifications:
Join a highly experienced and dynamic team responsible for the oversight and control of the market risk of TD Securities. The US Market Risk (USMR) team is responsible for ensuring that the market risk of TD Securities is well understood, transparent and controlled. USMR engages extensively with Trading Desks, Underwriting teams, Product Control, Finance, Compliance, Model Development & Validation, and Internal Audit, as well as many Senior Executives withing TD Bank Group, TD Bank N.A., and TD Securities:
US Market Risk's mandate includes:
Developing a strategic and respected team that has an in-depth understanding of the trading businesses, including trading strategies, products, market conditions and risks, and valuation drivers.
Providing oversight of market risk of TD Securities, ensuring all the significant market risks and results are appropriately measured and made transparent to the Bank's CRO, Senior Management, and the Board of Directors.
Developing and maintaining the market risk and valuation policies, with limits that are respected and consistent with the Bank's risk appetite.
Job Responsibilities:
Conduct comprehensive analysis of market risk exposures, including Value at Risk (VaR), Stress Testing, and scenario analysis, to identify potential risks and opportunities.
Monitor trading activities and assess their impact on the market risk profile of the US Independent Holding Company (IHC) and Combined US Operations (CUSO), providing timely insights and recommendations to senior management.
Support the development and implementation of market risk management strategies and policies in alignment with US Basel III FRTB requirements, ensuring effective oversight of trading activities and adherence to regulatory standards.
Enhance risk reporting frameworks and systems to improve the accuracy and efficiency of market risk measurement and reporting processes.
Partner with senior management and regulators to communicate our market risk management framework and ensure transparency and accountability in regulatory compliance efforts.
Drive continuous improvement initiatives to enhance our market risk measurement and reporting capabilities, leveraging advanced analytics and technology solutions.
Stay informed about industry trends, regulatory developments, and best practices in market risk management to ensure compliance and enhance risk management capabilities.
Qualifications:
Bachelor's degree in Finance, Economics, Mathematics, or a related field. Advanced degree (e.g., MBA, CFA) preferred.
6+ years of experience in market risk management within a financial institution, with a focus on trading market risk within a G-SIB or US D-SIB
Strong knowledge of Basel III FRTB regulations and their implications for market risk management, particularly in a US IHC context.
Proven leadership experience in driving cross-functional initiatives and managing senior stakeholder relationships, with a track record of delivering results in a complex and dynamic environment.
Strong analytical skills and strategic mindset, with the ability to translate regulatory requirements into actionable risk management strategies and solutions.
Excellent communication and presentation skills, with the ability to articulate complex concepts to a diverse audience, including senior executives and regulators.
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. Learn more (http://hrportal.ehr.com/tdtotalrewards)
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 USWAPTDO@td.com . 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.
Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.