TD Bank
Director - U.S. Non-Trading Market Risk Management
TD Bank, Charlotte, North Carolina, United States, 28245
Work Location
:
Charlotte, North Carolina, United States of America
Hours:
40
Line of Business:
Risk Management
Pay Detail:
$180,000 - $215,000 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:
Preferred Qualifications:
Focus on Non-Trading Market Risk (Interest Rate Risk on Banking Book or Treasury/Balance Sheet Risk Management). A non-trading market risk management position with oversight of the US Treasury team, which is responsible for measuring and managing the Bank’s interest rate and liquidity risk, including the oversight of the Bank’s investment portfolio. Act as a subject matter expert while providing guidance, advice, and/or support to other business partners related to non-trading market risks.
Maintain a culture of risk management and control, supported by effective processes in alignment with the established risk appetite for Non-Trading Market Risks.
Provide oversight of the Non-Trading Market Risk management, including independent reviews of key assumptions and model usage, hedging effectiveness and strategies, investment portfolio, and non-trading market risk framework and policy
Oversees enterprise, ad hoc risk, and compliance programs [e.g., Governance Frameworks] ensuring enterprise-wide application of appropriate findings, identified issues are escalated as necessary, and that appropriate reporting is provided on a timely basis to Senior Management and/or the Board
Drives and builds enterprise Risk Management reporting and Risk dashboard functions to proactively monitor, measure, and report on key risk factors to track effectiveness; provides appropriate decision support and escalation to Risk Management leadership team and/or other stakeholders
Provides continuous review of all processes/procedures/controls to ensure that the business, control, and infrastructure functions are meeting the organization's requirements with respect to effective risk management
Monitors and escalates the firm's non-trading market risk positions and metrics
Ensures the compliance of the Non-Trading Market Risk processes with US regulations. Understands that regulatory compliance is not sufficient and that capabilities should be commensurate with the size, scale and complexity of the bank
Liaise closely with other business partners including Treasury, Balance Sheet Management, Front Office, other second-line of defense risk partners, and Internal and External Auditors
Facilitate, and/or implement actions and remediation plans to address performance / risk /governance issues
Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
Requirements
4 year degree required
Advanced degree preferred
7-10 years of experience
Familiarity with Reg YY, WW, SR 10-1, and SR 96-13
Demonstrated strong conceptual and analytical abilities
Strong internal control orientation
Exceptional problem-solving skills, communication skills (both written and verbal), and interpersonal skills
Strong attention to detail and ability to meet tight deadlines
Depth & Scope:
Generally an expert at the enterprise or group business level, requiring broad managerial and deep specialized knowledge of risk management issues at the enterprise, business, regulatory and industry levels
Acts as the primary regulatory interface on risk issues and requirements for a key business segment of the Bank and assesses and provides direction for existing and new regulations
Manages or oversees a number of major risk area requirements such as Credit, Operational, Regulatory and/or Market Risk or related programs that are enterprise-wide or cross multiple business segments (e.g. Basel credit project, SOX, Stress Testing etc.)
Represents business on corporate initiatives and identifies key risks and implications and provides direction in complex situations
Works with various regulators, business / corporate and pan-wide business support groups to deal with regulatory and cross-business level issues
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 (http://hrportal.ehr.com/tdtotalrewards)
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.
Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.
:
Charlotte, North Carolina, United States of America
Hours:
40
Line of Business:
Risk Management
Pay Detail:
$180,000 - $215,000 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:
Preferred Qualifications:
Focus on Non-Trading Market Risk (Interest Rate Risk on Banking Book or Treasury/Balance Sheet Risk Management). A non-trading market risk management position with oversight of the US Treasury team, which is responsible for measuring and managing the Bank’s interest rate and liquidity risk, including the oversight of the Bank’s investment portfolio. Act as a subject matter expert while providing guidance, advice, and/or support to other business partners related to non-trading market risks.
Maintain a culture of risk management and control, supported by effective processes in alignment with the established risk appetite for Non-Trading Market Risks.
Provide oversight of the Non-Trading Market Risk management, including independent reviews of key assumptions and model usage, hedging effectiveness and strategies, investment portfolio, and non-trading market risk framework and policy
Oversees enterprise, ad hoc risk, and compliance programs [e.g., Governance Frameworks] ensuring enterprise-wide application of appropriate findings, identified issues are escalated as necessary, and that appropriate reporting is provided on a timely basis to Senior Management and/or the Board
Drives and builds enterprise Risk Management reporting and Risk dashboard functions to proactively monitor, measure, and report on key risk factors to track effectiveness; provides appropriate decision support and escalation to Risk Management leadership team and/or other stakeholders
Provides continuous review of all processes/procedures/controls to ensure that the business, control, and infrastructure functions are meeting the organization's requirements with respect to effective risk management
Monitors and escalates the firm's non-trading market risk positions and metrics
Ensures the compliance of the Non-Trading Market Risk processes with US regulations. Understands that regulatory compliance is not sufficient and that capabilities should be commensurate with the size, scale and complexity of the bank
Liaise closely with other business partners including Treasury, Balance Sheet Management, Front Office, other second-line of defense risk partners, and Internal and External Auditors
Facilitate, and/or implement actions and remediation plans to address performance / risk /governance issues
Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
Requirements
4 year degree required
Advanced degree preferred
7-10 years of experience
Familiarity with Reg YY, WW, SR 10-1, and SR 96-13
Demonstrated strong conceptual and analytical abilities
Strong internal control orientation
Exceptional problem-solving skills, communication skills (both written and verbal), and interpersonal skills
Strong attention to detail and ability to meet tight deadlines
Depth & Scope:
Generally an expert at the enterprise or group business level, requiring broad managerial and deep specialized knowledge of risk management issues at the enterprise, business, regulatory and industry levels
Acts as the primary regulatory interface on risk issues and requirements for a key business segment of the Bank and assesses and provides direction for existing and new regulations
Manages or oversees a number of major risk area requirements such as Credit, Operational, Regulatory and/or Market Risk or related programs that are enterprise-wide or cross multiple business segments (e.g. Basel credit project, SOX, Stress Testing etc.)
Represents business on corporate initiatives and identifies key risks and implications and provides direction in complex situations
Works with various regulators, business / corporate and pan-wide business support groups to deal with regulatory and cross-business level issues
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 (http://hrportal.ehr.com/tdtotalrewards)
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.
Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.