Director, Non-Trading Market Risk and Liquidity Risk

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Risk Management

Pay Detail:

$180,000 - $225,000 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:

We are seeking a Director to join our team who will focus on Non-Trading Market Risk (or Interest Rate Risk on Banking Book) and Liquidity Risk Management (Treasury/Balance Sheet Risk Management). This position has 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.

Responsibilities:

• 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, including design and implementation of firm’s risk appetite
• 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, including design and implementation of firm’s liquidity risk appetite and optimize available liquidity while understanding potential trade-offs between risk and return
• 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
• Lead, 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
• Knowledge of interest rate, FX, and equity risk, including models and key 
  assumptions for both retail (mortgage) and wholesale banking and 
  investment products
• Knowledge and experience with key regulatory matters/initiatives, including Reg YY, WW, SR 10-1, and SR 96-13
• Demonstrated strong conceptual and analytical abilities
• Must be able to effectively communicate complex issues and regulatory 
  requirements to senior management stakeholders
• Strong internal control orientation
• Strong understanding of and experience in implementing large scale and
  complex programs/projects
• Exceptional problem-solving skills, communication skills (both written and verbal), and interpersonal skills
• Strong attention to detail and ability to meet tight deadlines

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 prem