Work Location:
Canada
Hours:
37.5
Line of Business:
Risk Management
Pay Details:
We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.
Job Description:
Department Overview
Market Risk (MR) is responsible for managing the ever-changing and dynamic world of trading and non-trading market risk, counterparty credit, and margin management. Within MR, we are accountable for supporting TD Securities and TBSM business objectives in accordance with TD's risk appetite and regulatory expectations. MR provides independent oversight of enterprise-wide market, and counterparty credit risks; ensuring all significant risks are appropriately measured, reported, analyzed and transparent.
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As a Group Manager, Market Risk - Credit Trading team, you'll be part of a group that is responsible for providing market risk oversight and reporting across risk sensitivities, VaR, and Stress for the credit trading businesses; ensuring that these risks are understood, appropriately measured, and that the business operate within risk appetite. In addition, the team executes infrastructure changes with regards to the implementation of market risk policies, regulatory requirements, system updates, and other ad-hoc measurements used by the Bank to monitor market risk holistically. The Market Risk team is a global business supporting trading activities in Toronto, New York, Calgary, Singapore, London, and Dublin.
Job Details
Market Risk - Credit
- Manage and supervise a team of market risk analysts responsible for policy oversight, analysis, reporting and monitoring of the products traded within the Credit trading businesses.
- Support and develop market risk policies for relevant trading businesses with the objective of providing effective market risk oversight. Develop a strong independent view of current market conditions, the market risk of the desk's positions and valuation of the portfolio.
- Analyze new product requests to ensure that the market risks are well understood, and appropriate market risk limits and controls are established.
Operational Risk & Change Management
- Ensure effective internal controls are documented and are kept updated for all market risk reporting processes.
- Effectively challenge, propose, and champion innovative projects to improve risk measurement and process efficiencies.
- Ensure that audit findings are addressed within the time commitments provided to internal/external audit teams.
- Evolve analytical and attribution capabilities and business knowledge, and develop skills required for today and future, while understanding, identifying, and responding proactively to current and emerging risks.
Collaborate with Business Partners
- Manage relationships with business partners which includes, sharing knowledge and identifying opportunities to leverage complementary skills. Partner with our stakeholders to drive and support change and to assist in meeting the bank's objectives.
- Develop and maintain strong relationships with the TD Securities trading partners regarding trading strategies, market conditions, risk positions and new initiatives.
- Effectively communicate risk related matters to all levels of the risk management organization, other control groups, and the TDS trading partners.
- Own and understand models and methodologies that are applicable to your business. Ensure transparency of such models and methodologies through established business controls and governance.
People/Team Development
- Provide leadership, direction, advice and empower your team to consistently maintain high levels of integrity, motivation, and morale. This should encompass all aspects of people development including appropriate mentoring, coaching and ongoing evaluation of staff performance and leadership skills.
Resource planning
- Establish an environment that promotes respect, inclusion, and diversity for individual employees. Adhere to the policies and guidelines of the Bank.
- Carry out regular and proactive resource planning to ensure the team is positioned to deliver against its future mandate. Identify and mitigate instances of key person risk.
Job Requirements
- Undergraduate or masters' degree and/or 5+ years of relevant experience.
- Knowledge of market risk, VaR, Stress, capital markets industry and market trends.
- Excellent analytical, judgement and decision-making skills.
- Ability to process and handle confidential information with discretion while acting with the highest levels of integrity.
- Team management skills to guide and take the team forward while working autonomously as the lead.
- Strong communication skills and ability to interact with increasingly senior stakeholders and convey complex business context clearly and effectively.
- Proactive and adaptable with the ability to work in a demanding environment while handling multiple competing demands.
Who We Are:
TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.
TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing - and so will you.
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 a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. 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. 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
Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you!
Language Requirement:
N/A.