Work Location:
New York, New York, United States of America
Hours:
40
Line of Business:
Business Management, Strategy & Support
Pay Detail:
$175,000 - $200,000 USD
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.
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Job Description:
Job Overview:
Regulatory and Supervisory Management proactively supports TD Securities' Global Markets businesses to achieve sustainable strategies, supervision, operating practices and governance aligned with regulatory requirements and Bank policies and appetite.
This group is responsible for performing the supervision of sales, & trading & origination activities by conducting reviews, documenting findings, and escalating exceptions in accordance with TD Securities policies and procedures.
Regulatory and Supervisory Management (RSM) drives a strong culture of supervision and supervisory engagement, considering industry best practice and regulatory change. The Global Markets Supervision (GMS) team partners with TD Securities' Global Markets Supervisors to meet their accountabilities for the oversight of employee conduct and of market, credit, underwriting, and operational risks. Specifically, GMS facilitates a sustainable First Line Supervision framework that supports effective supervision practices and escalates key issues arising from Global Markets trading, sales and origination business activities; and executes delegated supervision accountabilities on behalf of Business Line supervisors in accordance with Firm policy and regulatory requirements.
TD has been growing its US Broker Dealer activities over the last few years both organically and through acquisitions (e.g., TD Cowen), and continues to expand its product offering and client franchise across all asset classes. The successful candidate will develop an in-depth knowledge of Global Markets Supervision framework and associated policies and (review) procedures. The candidate will collaborate closely with Business Supervisors, trading, sales and origination teams; Second Line and infrastructure support teams to help manage key risks and confirm that our controls framework is operating effectively and is also fit for purpose. The role reports to the Director, Global Markets Supervision (Equities), and will provide primary coverage over US Equities for both cash and derivatives products.
Core Accountabilities:
Scope of Supervision accountabilities covers multiple US business lines within our GM US Equities franchise including ADR, US Equities Cash and Options, US Sales, Cross Asset Trading, Institutional Equity Research Sales, as well as Our Prime Services offering. As such demonstrable working knowledge with the above-mentioned business and product lines will be highly desirable. Additional core responsibilities include, but are not limited to:
- Manage key relationships with business line supervisors and serve as primary contact to advise or coordinate with key stakeholders on day-to-day supervision, regulatory or business conduct matters requiring escalation.
- Provide guidance on business line Desk Operating Procedures (DOPs) and execute delegated supervisory review accountabilities in accordance with Written Supervisory Procedures (WSP).
- Prepare Monthly Supervision packs for assigned businesses and lead meetings with Global Markets Supervisors to analyze key metrics/trends and review market/business conduct escalations; follow up on any action items or take-aways.
- Provide Global Markets Supervisors with interpretive guidance and best practices relating to key metrics and business conduct issues; accountabilities include but are not limited to:
- Evaluate practical applicability of Firm policies to trading and sales activities in coordination with Compliance or relevant Risk and Control teams.
- Conduct First Line surveillance and business conduct reviews.
- Compile management reporting on trade capture metrics, regulatory scorecards, policy exceptions and other ad hoc reporting as required.
- Assess implications of Firm policy, regulatory, new business, or best practice changes to the supervision framework.
- Design and implement supervisory controls and procedures to address regulatory and best practice requirements.
- Present technical matters in forums with Second Line stakeholders and drive the resolution of issues in a timely manner.
- Vet and coordinate First Line responses to regulatory inquiries in coordination with Compliance, Front Office, RSM teams; and other support groups.
- Interface with Internal and External Auditors / Examiners as needed, and where required assist with remedial work efforts for any open audit and compliance (testing) findings and open gaps.
- Contribute metrics to Conduct Risk Committees and Vice Chair supervision meetings, as well as Co-Head directs supervisory meetings.
- Execute internal control procedures in accordance with the Volcker Enhanced Compliance Program and provide guidance on Trading Desk Policies.
- Assists E-Trading GMS Director with maintenance and enhancements to the US Market Access and Best Execution Framework, policies and (review) procedures and facilitation of the US Market Access and Best Execution Committee meetings.
- Leads or a key stakeholder on Global Markets regulatory initiatives; participate in business initiatives to conduct supervision operational readiness assessments.
- Participates in local committees, internal/external meetings or forums as needed.
- Proactively seeks opportunities for continuous improvement and process enhancements to supervision framework and procedures; assist with relevant change management process.
The VP Trading Business Management TDS is responsible to provide the leadership team with information, reporting and support to ensure Trading operational risks are appropriately managed and adherence to internal policies / procedures and applicable regulatory guidelines is effective. This position also works with management / control function partners (e.g. Risk, Legal, Compliance, AML and Audit) to assess risks, develop and implement proactive strategies, tactics and programs to effectively manage regulatory and governance issues
for the Trader environment.
Depth & Scope:
- Leads and manages the Trader business management functional area and overall operation of a diverse group in an area of moderate risk, complexity or scope
- Ensures an integrated approach with other business management areas, broader organization, and enterprise as appropriate
- Deep knowledge and understanding of businesses / technology, and organizational practices/ disciplines
- Focuses on short to medium-term issues (e.g. 6-12 months)
- Generally reports to a Senior Manager or above
Education & Experience:
- Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics
- Series 7 and 63
- 5-7 Years of related experience
- Sound to advanced knowledge of external competition, industry and/or market trends in relation to own function / business
- Ability to provide guidance on Business Management matters and respond to inquiries from business unit staff
- Must be detail oriented and possess problem-solving skills
- Must be able to work independently with minimal supervision and establish priorities
- Proficient in interpersonal communication (both oral and written), and have the ability to communicate effectively with all levels of staff and management
Preferred Qualifications:
- FINRA Series 7 & 24 licenses preferred or commitment to obtain these registrations in the role.
- Solid background/experience working in Capital Markets/Financial Services industry across Equities asset class (including cash and derivatives), and associated business and product offerings.
- An understanding in front-to-back process flows, and regulatory requirements strongly preferred.
- Strong working knowledge of US Equities regulation, more specifically FINRA and SEC rules & regulations (e.g., SEC Reg NMS, SEC Reg SHO, SEC Rule 15c3-5, FINRA 5310 - Best Execution Rule, SRO Rules), industry best practices and supervisory requirements is highly desired.
- Must be comfortable interacting with Trading & Sales teams and Desk Heads / Supervisors.
- Understanding of key non-financial risk (e.g., market, credit, operational) concepts, controls and applicability to business activities preferred.
- Demonstrate ability to influence key stakeholders to achieve consensus and meet objectives.
- Must have strong analytical and problem-solving skills; be detail oriented; and demonstrate initiative to follow up on items or determine appropriate steps for timely resolution.
- Demonstrates ability to work independently as well as in a team environment.
- Proficient with MS Office Suite, including high-level competency in Excel with ability to create pivot tables, macros, and write/edit code in VBA preferred. Knowledge of scripting tools a plus.
- Must demonstrate ability to manage multiple tasks and deadlines; and flexibility to adapt well to changing priorities.
- As many of the tasks are regulatory focused reviews, the ability to work with Compliance and Legal to interpret regulation or policy and assess applicability to business activities is paramount in this role.
- Must be able to foster and maintain key relationships with senior Business Leaders or stakeholders.
- Proactive and quick learner with ability to take on new responsibilities and prioritize workload as required.
- Must have excellent verbal and written communication skills.
- Knowledge of TD policies and procedures and Global markets infrastructure a plus.
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
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.