Senior Manager IDA Deposits (US Treasury)

Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
Finance

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:

The IDA Business is a U.S. Treasury function and manages the Schwab IDA arrangement on a stand-alone basis, working with 2nd line to identify, measure and manage risk. The role is a key contributor to developing reporting and analytics package for the IDA business and monitors its performance.

• Oversee and Lead management of IDA Deposits business while growing talent, developing skills and capabilities to achieve career goals, support project / initiative success and achieve business results

• Provides coaching, mentorship and guidance to practitioners, business, executives within area of expertise
• Manages and oversees the overall discipline and strategy for the respective areas while aligning to the enterprise best practices
• Strategic partner to leadership team on the management of the portfolio and financials, with deep industry, external / internal, enterprise knowledge, recognizing and anticipating emerging trends and; identifying operational efficiencies and opportunities with other business management / enterprise areas
• Facilitates key strategic discussions and provides thought leadership to executive audience (output include strategic roadmap and / or deliverables / frameworks / short to long term goals etc.)
• Collaborate with others to execute on common goals
• Focuses on longer term planning for the business

• Undergraduate degree
• 10+ years of experience with Treasury experience preferred

• Lead the IDA Risk Management Reporting process and provide insight into managing the risk metrics within the established limits
• Lead the IDA business stress testing and provide strategy to manage associated risks
• Provides input to TBSM partners on the impact of IDA balances on hedging strategy considerations as necessary with strong understanding of product, asset and interest rate hedging and develops new modeling tools and techniques for evaluating interest rate risk and asset/liability mix related to the IDA
• Monitors interest rate and liquidity risk related to the IDA as well as provides guidance on navigating regulatory requirements
• Contribute to production of ALCO (and subcommittees) reporting packages
• Provide analysis required on IDA related issues to Senior Management
• Lead the IDA business forecast and planning process
• Coordinates the response to Risk, Audit, and Regulators for IDA related issues
• Interfaces with various internal partners in Finance, Product partners, Capital Management, Risk Management, Technology Support, Basel & Capital Management Project Management Office and TDBG Risk Capital Assessment departments to implement the data management; results measurement/aggregation; governance/control; and documentation processes as required
• Acts as subject matter expert for own area and provide guidance / advice and recommendations to support dealings with internal / external partners
• Participates on internal / external committees to provide advice / counsel to business / finance partners and represent the interests of the Bank

• Works with key business leaders to develop business plan, ensuring the optimal use of resources and leverage TD's operating model to maximize efficiency, effectiveness and scale
• Plans and executes on strategic activities, reviews and communicates results, and adjusts tactics accordingly
• Executes on the annual business plan to deliver results aligned with business strategies
• Proactively identifies key business opportunities, researches and recommends enhancements / modifications to programs / processes / policies, develops strategies to achieve recommendations and works closely with team to execute and implement
• Protects the interests of the organization - identifies and manages risks, and escalates non-standard, high risk transactions / activities as necessary
• Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
• Ensures employees are knowledgeable; and assumes responsibility to minimize operational and regulatory risk by complying with Bank and industry Code of Conduct
• Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite

• Responsible for management of the overall sub-function / group providing both leadership and guidance
• Contributes to the development of business segment and / or enterprise functional strategic priorities within their operational area or field of specialty
• Develops annual and / or long term plans for own area and influences plans well beyond area managed
• Sets targets and objectives for the team, and delivers results
• Grows team expertise to align with business / enterprise demand and direction; assesses team skills and capabilities and continually look for ways to provide and enhance the value delivered
• Leads a high performing team; provides on-going feedback and performance reviews, coaches and develops employees and ensures performance management activities are undertaken and provides regular input into employee assessments and development plans
• Manages employees in compliance with all human resources policies, procedures and guidelines of conduct
• Supports an environment where team freely escalates business challenges; facilitates change through positive reinforcement of milestones and successes
• Recruits for all hires to ensure a highly diverse, qualified workforce to achieve business objectives
• Acts as a brand ambassador for your business area / function and the bank, both internally and / or externally