Manager: Governance & Controls: Models, Non-Models and Algos

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Business Management, Strategy & Support

Pay Detail:

$95,000 - $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:

Preferred Qualifications

Department Overview

TDS Governance & Controls team (TDS G&C) is accountable to perform the 1B risk function (1st Line of Defense) supporting all TD Securities (TDS) businesses including Global Markets, Infrastructure, and Corporate Investment Banking (CIB).

Job Description

This role is part of Algos, Models & Business Managed Tools team within TDS G&C.  The team works very closely with business heads across all Global Markets businesses, asset classes, and regions.  The team is also the point of contact for key internal partners including Algo Risk Control (ARC), Model Risk, Model Validation, Compliance, Audit, and regional leadership.

The purpose of this role is to build/enhance the Algo Governance program.

Algo Governance Program – work with Algo/eTrading businesses globally while partnering with 2nd Line functions including Algo Risk Control (ARC), Compliance, Operational Risk, and Model Validation.  The program covers all Global Markets businesses and asset classes including Foreign Exchange (FX), Fixed Income (FI), and Equities.  Main accountabilities include, but are not limited to:

• Enhance current change management processes to increase speed to market while aligning with risk appetite and regional requirements.
• Along with the ARC team, establish clear roles and responsibilities for managing Algo Trading activities across the Three Lines of Defense.
• Establish monitoring framework for Algo trading activities and setup a process to regularly review and assess monitoring tools and processes.
• Work with 2nd Line partners to regularly assess the risks associated with Algo trading activities, and to establish a framework to risk assess each Algo.
• Enhance the Algo Inventory including adding appropriate attributes and designing a solution to maintain the inventory (e.g. Confluence).
• Develop procedures for Issues Management including the timeline identification, escalation, and remediation of Operational Risk Events and regulatory violations.
• Collaborate with Global Market Supervision, business heads, Vendor Management, and ARC to improve transparency and monitoring of Third-Party owned/developed Algos.

Job Requirements

• Direct experience with Algo Trading Risk in a 1st or 2nd line function.
• Risk management experience in a 1st or 2nd line function.
• Working knowledge of capital markets asset classes (e.g. fixed income, FX, equity/FI/FX derivatives) and regulatory environment.
• Strong communication skills with the ability to build relationships at multiple levels across both 1st line businesses and enterprise partners including 2nd line teams and audit.
• Advanced abilities in making decisions using a risk-based approach and articulating the rationale behind those decisions to various audiences.

Manage a diverse portfolio of business management activities for complex or high-risk functional area(s) and implement policies / processes and/or initiatives to meet business management, strategy and governance objectives. Interfaces regularly with management in the delivery of work activities.

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
• Works autonomously and accountable for acting as a lead within a specialized business management function and may provide work direction to others
• Provides seasoned specialized knowledge, advice and/or guidance to various stakeholders and team members
• Scope of role may have enterprise impact
• Focuses on short to medium-term issues (e.g., 6-12 months)
• Undertakes and co