Associate - U.S. Non-Trading Market Risk Management

Work Location:

Hours:

Line of Business:

Pay Detail:

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. 

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:

Focus on Non-Trading Market Risk (Interest Rate Risk on Banking Book or Treasury/Balance Sheet Risk Management). A non-trading market risk management position with oversight of the US Treasury 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 non-trading market risks. 
 

• Maintain a culture of risk management and control, supported by effective processes in alignment with the established risk appetite for 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
• Oversees enterprise, ad hoc risk, and compliance programs [e.g., Governance Frameworks] ensuring enterprise-wide application of appropriate findings, identified issues are escalated as necessary, and that appropriate reporting is provided on a timely basis to Senior Management and/or the Board
• Drives and builds enterprise Risk Management reporting and Risk dashboard functions to proactively monitor, measure, and report on key risk factors to track effectiveness; provides appropriate decision support and escalation to Risk Management leadership team and/or other stakeholders
• Provides continuous review of all processes/procedures/controls to ensure that the business, control, and infrastructure functions are meeting the organization's requirements with respect to effective risk management
• Monitors and escalates the firm's non-trading market risk positions and metrics
• Ensures the compliance of the Non-Trading Market Risk processes with US regulations. Understands that regulatory compliance is not sufficient and that capabilities should be commensurate with the size, scale and complexity of the bank
• Liaise closely with other business partners including Treasury, Balance Sheet Management, Front Office, other second-line of defense risk partners, and Internal and External Auditors
• 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
• 2-4 years of experience
• Knowledge of interest rate, FX, and equity risk, including models and key assumptions for both retail (mortgage) and wholesale banking and investment products
• Demonstrated strong conceptual and analytical abilities
• Strong internal control orientation
• Exceptional problem-solving skills, communication skills (both written and verbal), and interpersonal skills
• Strong attention to detail and ability to meet tight deadlines

The Associate – Risk TDS brings transparency to the market risks in TDS.  This is achieved by 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.  The Associate – Risk TDS will serve as a point person to provide oversight in regards to market risk control for trading desks in the region.

Depth & Scope:

• Assists in the identification of all key market risks and determines 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 ensures on-going suitability to business evolution
• Assists with local market risk regulatory issues
• Develops a thorough understanding of business strategies and key factors contributing to profitability; 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 provides 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 your function is in line with documented procedures specific to your role or business

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 strive to make every interaction, product and experience remarkably human and refreshingly simple.  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. 

Together, we are reimagining what banking can be for our clients, colleagues and communities. 

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
 

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. 

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.
 

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

TD Bank is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at [email protected].  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.