Role Type:
Masters and Advanced Degrees
Work Location:
Toronto, Ontario, Canada
Hours:
0
Pay Details:
$90,000 - $90,000 CAD
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.
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Job Description:
DEPARTMENT OVERVIEW
For TD Bank Group (TD) to remain competitive it must selectively take and manage risks. TD recognizes that a strong risk culture and approach to risk management is fundamental to our success.
The Risk Management team at TD enables the business side of the enterprise to understand risks. Our team develops the policies, processes and controls required to manage said risks appropriately, in line with the Bank's strategy and risk appetite.
We are a global function that partners with all lines of businesses within TD, touching thousands of employees in offices based in Canada, United States, the UK, and Singapore. We also work externally with regulators and industry groups to align with industry standards, and we benchmark ourselves against best practices.
JOB DESCRIPTION
About the Program
The Risk Management Associate Rotational Program is an immersive, 24-month program where you'll complete four 6-month rotations designed to help you step into Financial and Non-Financial Risk Management including, but not limited to: credit, market, liquidity, operational, model, ESG, technology and data, regulatory and product risk. The goal of the program is to develop leaders who can understand and apply risk knowledge to a wide range of business functions at TD.
If you're inquisitive, enjoy driving change and making a difference, we want you to be part of our leadership rotational program.
In this program you'll rotate across Risk Management within Canada (supporting Global activities in some instances) every six months:
- Market Risk
- In Market Risk We can accurately identify current and emerging risks in the market, offering transparency to both trading and non-trading risk results. Our dynamic and global business independently oversees counterparty credit, liquidity risk, and the market enterprise wide. We work diligently to ensure that all results align with the Bank's risk appetite, leveraging business insights and market expertise to get the job done.
- Enterprise Market Risk Control
- As a second line of defense, we provide independent oversight and challenge of the Bank's trading, non- trading, and liquidity risks. EMRC ensures all significant market and liquidity risks are appropriately governed, understood, analyzed, and measured. We support new business initiatives by working closely with TD.
- Securities and Treasury and Balance Sheet Management and ensuring TD remains within risk appetite.
- EMRC includes the following teams:
- Non-Trading Market Risk
- Liquidity Risk
- Credit Risk
- Credit risk is the risk of loss if a borrower or counterparty in a transaction fails to meet its agreed payment obligations. The Credit Risk team approves risk policies to all products and services that have credit risk and establishes guidelines to monitor and limit country risk, industry risk, and group exposure in portfolios.
- Operational Risk (including ESG, Cyber, and Innovation)
- Operational Risk: works with our business partners to ensure that the operational risk that stems from people and technological processes, including change, are identified, monitored, and managed effectively.
- Model Development (MD), & Validation
- MD is responsible for developing risk and capital models related to Trading Market Risk, Credit Risk, as well as Operational Risk bank wide. These models cover, but are not limited to, Advanced Measurement Approach for Operational Risk, Credit Risk Rating models, Credit Risk parameters (PD, LGD, UGD), Economic Capital models, IFRS9 models for Credit Risk, Value at Risk (VaR) and Counterparty Credit Risk models.
- Regulatory Risk
- Providing advice and counsel on ongoing regulatory communication and emerging developments, as well as new initiatives within the bank that have a regulatory impact. Monitoring emerging regulatory developments and finding common themes throughout TD's footprint and communicating these to internal stakeholders. Tracking and overseeing finding remediation to ensure timely responses and quality remediation to the Office of the Superintendent of Financial Institutions (OSFI), which includes maintenance of the Acceptance Review process. Identifying threats to TD's relationship with key Canadian and non-US regulators and ensuring strategies are in place to
- Strategic & Enterprise Risk
- The Enterprise Risk team assesses TD's risk appetite and ensures that TD takes the right kind of risks that fit our business strategy, do not expose the enterprise to any significant single loss events, and do not risk harm to the TD brand.
- Strategy, Business Management & Governance
- Strategy, Business Management & Governance is a central operational and governance function supporting risk management groups by guiding the development and execution of strategies, standards, and protocols to deliver on operational effectiveness and efficiency.
We align rotation opportunities with our business strategies to ensure you work on the most important priorities.
What You'll Do
No matter where you work at TD you'll make a meaningful impact, grow your skills, and thrive in our culture. Here's what this means for each rotation in our program:
Make an Impact:
- Use your strong communication, analytical and problem-solving skills to add value to each rotation you're assigned.
- Conduct appropriate reporting and analysis with clearly articulated results and recommendations.
- Identify potential problems that require attention and recommend appropriate actions to best manage the risks in varying situations.
- Contribute to a strong Risk culture by raising issues on strategic, reputational, and operational risks.
- Identify assumptions, constraints, dependencies, and risks.
Experience Growth:
- Acquire an in-depth understanding of how theoretical risk management practices are applied to real world scenarios, including traditional risks (e.g., Credit, Market, Trading, etc.) and non-traditional risks (e.g., ESG, Operational Risk, Cyber Risk, etc.)
- Work independently with minimal supervision to establish priorities; use your strong communication, analytical and problem-solving skills to add value to each project you are assigned.
- Work directly with the manager of your rotation and Risk business groups to continually identify issues and enhance processes across the TD organization.
- Manage and escalate any exceptions as appropriate and consistent with policy.
Cultivate our Culture of Care:
- Develop strong relationships to help identify collaborative opportunities and coordinating efforts with other Risk groups.
- Work on challenging projects alongside experienced leaders while being supported by a robust team of colleagues, peers, and advisors.
Colleague Development
If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. Receive 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.
JOB REQUIREMENTS
What You Need to Succeed
We're proud to work with a group of diverse colleagues. If you have relevant experience that isn't mentioned below, tell us about it in your resume or cover letter.
- Apply methods or procedures which are generally well defined and straightforward, but with occasional deviations.
- Ability to work in a dynamic and evolving business environment, comfortable with ambiguity and complexity.
- Provide analytical, interpretative, evaluative, and/or constructive thinking across variable situations.
- Communicate verbally and in writing to a variety of audiences.
- Proficient with Microsoft Office products; advanced knowledge of MS Excel
- Strong business acumen, problem solving skills and analytical capabilities, qualitative and quantitative; can see the "big picture" in a complex environment.
- Well-organized; can prioritize multiple tasks and deliver results in a fast-paced environment.
- Ability to work effectively within a team, with other teams and independently to meet business objectives.
- Desire to work in a caring, respectful, and inclusive environment where all employees are supported.
ADDITIONAL INFORMATION
Specific Educational Requirements/Accreditations:
- Graduated between May 2024 and May 2025 with a graduate degree in Business, Economics, Finance, Mathematics, Risk, Statistics, or related field with high academic standing.
Program Location and Start Date
This is a Toronto-based program which starts in July 2025.
Applications must include:
- Transcript
- Cover letter (one letter-sized page or less). If you are pursuing a graduate degree, please include graduation month/date/year in your cover letter.
- Resume (two letter-sized pages only)
- Posting Close Date: TBC
We welcome all applications; however, we will only contact qualified candidates chosen for an interview. We thank all applicants for their interest!
HOURS & WORKPLACE MODEL
Monday-Friday (standard business hours), Hybrid
INCLUSIVENESS
At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected, and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will collaborate with you to meet your needs.
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.
Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.
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 (Quebec only):
Sans Objet