Director, Cash Management

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

TD Securities

Pay Detail:

$160,000 - $210,000 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:

Job Summary

As a Cash Management Specialist within the TD Securities Business Operations and Client Services team, you will manage cash wire payments and strive to implement efficient processes and robust controls throughout the payment lifecycle. Your role will involve processing payments as well as sharing insights and recommendations to ensure achieve straight-through processing where possible while developing controls and risk mitigation strategies to mitigate errors typically associated with manual payment processing.

Job Responsibilities

• Support Cash Management cash wire payments across businesses.
• Ensure payment requests comply with group policy and departmental procedures.
• Design and implement workflow to ensure efficient handling and sound risk management practices.
• Interact and communicate with key stakeholders, including front office (KYC) and back-office groups including settlements, margin and compliance to ensure required levels of review and approval occur prior to releasing any payments.
• Coordinate with IT on any system and/or workflow enhancements needed to ensure efficient processing and effective controls.
• Partner with technology and/or project teams to perform user acceptance testing (UAT) for any system enhancements or workflow configuration changes prior to production release.
• Develop KPI's and management level reporting to define and measure service quality and provide transparency.
• Execute daily monitoring to supervise employee activities and ensure timely processing, service level adherence and adoption of best practices.
• Deliver employee training and foster employee development to meet performance goals and achieve operational excellence.

Required qualifications, capabilities and skills

• Ability to quickly gain broad knowledge of TD Securities and TD Global Markets organizational structure.
• Fundamental understanding of the cash management function with respect to payments processing.
• Solid project management skills, task-oriented focus with a pragmatic, flexible approach to setting and achieving goals.
• Self-motivated, curious, and pro-active. Able to multi-task independently within a fast-paced environment.
• Willingness to learn quickly and adapt as required.
• Solid attention to detail with a commitment to accuracy and operational excellence.
• Ability to work across time zones and in a multicultural setting.
• Excellent communication skills, both verbal and written.
• Proficiency in MS Word, Excel, PowerPoint, and Visio – standard Office suite.
• Knowledge of Business Intelligence tools, data analysis and reporting.

The Director, TDS Operations oversees a large and significant multi-faceted operational function with overall accountability for providing strategic direction, guidance on a broad and diverse range of complex operational activities/ analysis and/or specialized project support or services within Global Operations.

Depth & Scope:

• Provides people management leadership by recruiting top talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
• Reports to AVP or VP Global Operations role and leads a multi-faceted / multi-disciplined operational group in Wholesale Banking
• Manages multiple processes across a wide variety of products and services
• Responsible for leading in the development of the overall strategic direction, operating budget, delivering business objectives, and overall people management for the unit
• Responsible for operating within appropriate risk parameters and ensuring exception/escalation processes are in place
• Long term focus on planning for functional area (hor