Senior Manager, Valuation Product Control (Director)

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

TD Securities

Pay Detail:

$150,000 - $250,000 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 Wholesale Banking Finance Group is responsible for developing and delivering financial strategy, information, and management support within TD Securities (TDS). A key function within the department is the oversight and governance related to execution and reporting of fair value, in support of TD Securities' business objectives. To ensure the accuracy, valuation, and reporting of financial instruments for financial accounting purposes, the successful candidate will work with different stakeholders to ensure that business lines adhere to policies and procedures, and controls are effective.

Job Description 

Within Controller & Chief Accountants in Finance, The Product Control Function is a team of professionals with deep product, business and controlling expertise covering the end-to-end accountability for financial results in support of TD Securities. The team will be responsible for maintaining, executing, and providing oversight of the financial controls for all TDS business lines. The team will also provide financial analysis and advice to key control partners and the TDS front office.

As a Senior Manager covering Valuation Controls including Policies and Governance in the Product Control Team, you are accountable for ensuring accurate and timely reporting, controls, and governance for valuations at TD Securities. This role will liaise with Front Office, Information Technology, Risk, Finance and other control functions and key stakeholders. As well be a key advisor to the front-office, Risk, Finance, and other key stakeholders providing insight and analysis on TDS and the Bank's fair value results. Specific activities would include the following:

•    Lead, coach, and develop a high performing team of product control professionals
•    Oversee the execution of global and regional valuation committee
•    Owner of global valuation and valuation adjustment policies
•    Ensure the Bank's fair value reporting and Financial fair value disclosure are following various Valuation Policies
•    Lead the team to explain IPV variance Valuation Adjustment results with succinct commentaries in reference to business pricing, model understanding, data issues and external market factors
•    Inform senior management and key stakeholders of any significant irregularities
•    Identify opportunities and implement objectives to improve/streamline processes to sustain TDS business growth
•    Liaise with internal auditor and regulators during examinations on valuation related topics

Additional Information

• Pursuit or completion of professional accreditation (CPA/CFA/MBA) is an asset.
• Undergraduate or graduate degree in Finance, Mathematics (Engineering, Physics, Computer Science) or other quantitative disciplines
• Capital markets, finance, accounting, mathematics, or equivalent quantitative disciplines.
• 10+ years' practical experience in Valuation team is preferred. Demonstrated deep expertise in valuation topics prescribed per regulatory/accounting rules and industry practice for IPV and valuation adjustment control processes.

The Director - Finance, Group Manager, TDS oversees a team of Business Finance professional roles that provide strategic financial analysis, insights, decision support and/or reporting results and/or provide guidance and advice to various internal and external stakeholders.

Depth & Scope:

• Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
• Oversees a team of Finance professionals for key business segments or a significantly large part of the organization
• Requires in-depth shareholder and/or broad financial and business