Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Risk Management

Pay Detail:

$110,000 - $160,000 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:

Department Overview:

A World-Class, Diverse, Inclusive and Forward-Thinking Risk Management Team. Curious, creative, innovative, independent.  Do any of these attributes describe you?  If so, then you may be perfectly suited for our team. 

The US Non-Traded Market Risk Team (US NTMR) is a part of the Treasury Risk Oversight second line of defense organization. Treasury Risk Oversight is responsible for providing independent oversight and challenge of the Bank's capital, liquidity, and non-trading market risk (or interest rate risk in the banking book).

The US NTMR mandate includes:

Setting the Bank's NTMR risk appetite working with the first line of defense, and developing & maintaining risk frameworks where limits are respected and consistent with the Bank's risk appetite

Challenge functional specifications and implementation choices to ensure that Treasury risk systems are designed to provide comprehensive, flexible, and transparent analysis and reporting features

Providing independent oversight over risk measures, which includes independent review, challenge, and approval of scenario designs, measurement input (e.g., assumptions, methodologies) and review of results

Setting the second line of defense governance structure, including the decision-making model and the roles & responsibilities of all NTMR stakeholders

Job Description:

The role requires an individual with experience and/or knowledge of treasury and risk management functions at a financial institution and would benefit from experience with QRM (quantitative risk management software).

The accountabilities of the role include, but are not limited to:

Providing effective challenge and risk management insights related to key interest rate risk measures, such as Economic Value of Equity and Net Interest Income Sensitivities.

Provide strategic advice on interest rate risk methodologies, scenarios, systems, and reporting, to future-proof NTMR's analytical tools and capabilities

Providing in depth technical leadership and expertise in the oversight of non-trading market risk across US ALM

Oversight of the QRM platform, and ownership of the second line of defense strategy for the software's use

Building a maintaining strong relationship with key Business Partners

Providing oversight and thought leadership to reporting and governance controls including implementation and change controls of measurement input through expertise and highly specialized knowledge of analytical concepts and techniques.

Understanding the requirements of Interest Rate Risk in the Banking Book (IRRBB) standards and their implication to the Bank

Proactively build awareness of key risk issues by educating business leaders and providing training to the team

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Depth & Scope:

Serves as a point-person and provides oversight in regards to market risk control for trading desks in the Region

Assists in the identification of all key market risks and determine appropriate risk metrics to assess these risks

Maintains thorough understanding of all key risk and risk-related issues through continual review of risk reports/related data and dialogue with relevant parties

Establishes dialogue with TDS trading desks in regards to current positions, key risks, views and strategies

Assists in the establishment of formal market risk policies and procedures and ensure ongoing suitability to business evolution

Assists with local market risk regulatory issues

Develops a thorough understanding of business strategies and key factors contributing to profitability

Be involved in P&L attribution and periodic performance analysis with commentary linking the desks performance to specific trading strategies, positions, market conditions and underlying risks

Facilitates the design of appropriate stress tests and scenarios that will highlight key market risks, in specific business lines and in the firm as a whole, under stress situations and provide ongoing commentary on stress results

Provides periodic analysis and commentary of key market risks for senior management review

Keeps abreast of new risk management techniques and industry literature

Demonstrates governance, control and risk management behaviors in alignment with TD policies and practices

Ensures that execution of the Market Risk Control function is line with documented procedures specific to this role or business

Education & Experience:

4 year degree in quantitative or financial field or equivalent experience

7 - 10 years related analytical experience

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

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.