Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

TD Securities

Pay Detail:

$135,000 - $135,000 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. 

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:

The Associate - Trading Business Management (TBM) is responsible for helping TD Securities trading businesses achieve best-in-class strategies, operating processes, controls and infrastructure. This position supports the trading/sales managers and business heads at the Dealer, providing them with business management support, management information, desk-based supervision support, supplemental trading supervision and project support.

Global Markets Supervision (GMS) provides First Line supervision accountabilities for across the business lines in Global Markets footprint.  The primary focus of GMS is to carry out delegated Supervision responsibilities and facilitate a sustainable Front Office Supervision framework that supports effective supervision practices and escalates key issues arising from Global Markets sales, trading and origination business activities.  Specifically, GMS supports Front Office Supervisors with the execution of supervisory procedures in accordance with firm policy and regulatory requirements.  The role reports to a Director, Global Markets Fixed Income Supervision.

Key Responsibilities:

Supervision responsibilities covering multiple business lines in Global Markets which may include but not limited to Fixed Income, Equities and Foreign Exchange Sales and Trading

Primary contact to advise or coordinate with Global Markets supervisors and key support stakeholders on day to day supervision accountabilities; and regulatory or business conduct matters requiring escalation

Administering Global Markets Swap Dealer and Volcker Business Compliance Programs; and Codes of Conduct

Assist in administering Global Supervisory Procedures framework including assessment of change management intake, development of controls and updating supervisory accountability matrix

Preparing Monthly Supervision packs for Global Markets supervisors of assigned businesses; lead meetings and document conclusions/actions taken; and confirm evidentiary documentation for supervisory accountabilities performed

Provide guidance and analysis of key metrics/trends and policy exceptions to Global Markets supervisors to ascertain control gaps, business conduct issues and training opportunities; examples include but not limited to:

Advice and guidance on trading and sales activity in coordination with Second Line

Conduct delegated First Line control activities and supervisory reviews

Compile management reporting on trade capture metrics, regulatory/Conduct scorecards, policy exceptions and other ad hoc reporting as required

Assess change management implications, enhance controls and update global supervisory procedures in line with firm policy, regulatory requirements or industry standard best practices

Present technical matters and business requirements in forums with Second Line stakeholders and drive GMS initiatives in support of business activities

Coordinate with Compliance, Global Markets supervisors, other TBM teams and other stakeholders to respond to regulatory inquiries and Audit requests

Interface with Internal and External Auditors/Examiners as needed

Contribute metrics to Conduct Risk Committees and Vice Chair supervision forums

Participate in internal or external business meetings/forums/committees as needed

Proactively seeks opportunities for continuous process enhancements to improve the Global Markets supervision framework and procedures

Depth & Scope:

Interacts with various levels of Trading & Sales Management dependent on the task

Facilitates the surveillance of Trading and Sales activities to be in line with regulatory rules and industry standard practices

Performs supervisory reviews as described by the firm, Written Supervisory Procedures

Documents Regulatory Reviews and the escalations of issues

Works with Legal and Compliance Departments to implement various required supervisory reviews and/or update existing reviews

Facilitates Trading Management’s control, governance and adherence to all policies, procedures and regulations

Review Email for assigned businesses

Assist in desk-based surveillance

Assists in exception reporting reviews and reporting reviews for assigned businesses

Monitors Day-to-day front office electronic communications (including corporate e-mail, instant messages, Firm blackberry, Bloomberg messages and Instant messaging, external messaging communications via AOL, Reuters Mindalign and emailed attachments)

Reports all questionable emails including but not limited to customer complaints, unapproved outside business activities, indications of use of unauthorized domains, unapproved sales literature or correspondence

Reports correspondence that may be deemed inappropriate, false, deceptive or misleading or questionable in a timely matter

Maintains a weekly log of all statistics and percentages of emails reviewed and able to provide weekly reporting documenting

closed and outstanding issues

Summarizes all reviews for formal presentation to Senior Management

Education & Experience:

Bachelor's degree required

3+ Years of related experience

Preferred Qualifications:

Post-secondary degree with Business, Finance or Accounting Major

Ideal candidate should have 1-2 years' experience in Capital Markets/Financial Services industry

Working knowledge of securities or derivatives markets, products, transactions, or process flows; and related regulatory requirements or supervisory procedures/controls, strongly preferred

Must be comfortable interacting with Trading & Sales teams, Front Office supervisors and Second Line risk and control functions

Good understanding of key non-financial (e.g., market, credit, operational, conduct) risk concepts and applicability to business activities preferred

FINRA 7 license or willingness to obtain post hire

Must have excellent verbal and written communication skills to conduct meetings with 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

Strong attention to detail. Judgment and understanding of when to escalate issues arising

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 and macros

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 Legal and Compliance to interpret regulation or policy and assess applicability to business activities is paramount in this role 

Must be able to foster key relationships with senior Business Leaders or stakeholders

Proactive and quick learner with ability to take on new responsibilities and prioritize workload as required

Knowledge of Capital Markets Industry standards and best practices; or TDS policies and procedures and Global Markets infrastructure a plus

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

Domestic Travel – Occasional

International Travel – Never

Performing sedentary work – Continuous

Performing multiple tasks – Continuous

Operating standard office equipment - Continuous

Responding quickly to sounds – Occasional

Sitting – Continuous

Standing – Occasional

Walking – Occasional

Moving safely in confined spaces – Occasional

Lifting/Carrying (under 25 lbs.) – Occasional

Lifting/Carrying (over 25 lbs.) – Never

Squatting – Occasional

Bending – Occasional

Kneeling – Never

Crawling – Never

Climbing – Never

Reaching overhead – Never

Reaching forward – Occasional

Pushing – Never

Pulling – Never

Twisting – Never

Concentrating for long periods of time – Continuous

Applying common sense to deal with problems involving standardized situations – Continuous

Reading, writing and comprehending instructions – Continuous

Adding, subtracting, multiplying and dividing – Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

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

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 USWAPTDO@td.com.  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.