Associate, U.S. Market Risk

Work Location:

United States of America

Hours:

40

Line of Business:

Risk Management

Pay Detail:

$115,000 - $125,000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. The included salary range for this role takes into account multiple factors that are considered in making compensation decisions. The base pay actually offered may vary based upon candidate's skills and experience, job-related knowledge, licensure and certifications, geographic location, and other specific business and organizational needs. As TD puts career development at the forefront of our colleague experience, it is not typical for an individual to be hired at or near the top of the range for their role.

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:

Position Summary

TD Securities is seeking a Associate, U.S. Market Risk to join our team in NYC. This role will focus on Non-Trading Market Risk (or Interest Rate Risk on Banking Book) and Liquidity Risk Management (Treasury/Balance Sheet Risk Management).

This is a market risk position with oversight of the Treasury & Balance Sheet Management (TBSM) 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 liquidity and non-trading market risks. This position will also require significant regulatory project work.

• Maintain a culture of risk management and control, supported by effective processes in alignment with the established risk appetite for Liquidity and 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
• Monitors and escalates the firm's non-trading market risk positions
• Provide oversight of the Liquidity Risk management, including independent reviews of liquidity stress testing methodology and assumptions, contingency funding plan, and liquidity risk management framework and policy
• Monitors and escalates the firm's liquidity positions
• Ensures the compliance of the Non-Trading Market Risk and Liquidity Risk management processes with both US and OSFI regulations, including Dodd-Frank’s Volcker and Enhanced Prudential Standards
• Liaise closely with other business partners including Treasury and 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

Preferred Qualifications:

• 4 year degree required
• Advanced degree preferred
• Knowledge of interest rate, FX, and equity risk, including models and key 
  assumptions for both retail (mortgage) and wholesale banking and 
  investment products
• 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

Education & Experience:

• Bachelor’s degree in a related field required or progressive work experience
• 3+ Years of related experience

Depth & Scope:

• Assists in the identification of all key market risks and determines 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 ensures on-going suitability to business evolution
• Assists with local market risk regulatory issues
• Develops a thorough understanding of business stra