Work Location :New York, New York, United States of AmericaHours:40Line of Business:Risk ManagementPay Detail:$110,000.00 - $200,000.00 USDTD 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 VP Risk TDS responsibility is to bring transparency to the market risks in TDS. This is achieved via taking a leadership role in the accurate, objective assessment of all key market risks in all trading portfolios in TDS through the identification, understanding and control of these risks.Department OverviewTDS US Enterprise & Operational Risk Management is responsible for building organizational capability to manage risk on an integrated and comprehensive basis across the TDS footprint in the United States and for promoting a strong risk culture across the region.TDBG applies a Three Lines of Defence model to risk management as defined in the Enterprise Risk Framework. As part of the second line of defence, the ERM team ensures the appropriate adoption of (or applicable components of) the TD risk management framework across the TDGUS wholesale footprint.TDS US E&ORM collaborates with a broad network of business and risk management practitioners and other corporate functions globally, including the Chris Nestore and Brian Jacobson's ERM function in the US and Sanet Leonard's ERM function in EAP.Job DescriptionThis opportunity requires you to provide regional and functional support in the ongoing enhancement and embedding of an effective Enterprise Risk Management (ERM) Framework in TD Securities wholesale operations in the US, in line with Group and regulatory requirements. The successful candidate will be a strong communicator, with both written and visual presentation skills, and with a demonstrated ability to work across the organization on high-profile regulatory deliverables.This position will appeal to an individual who is comfortable working in an evolving environment, has excellent relationship management, analytical and communication skills, is prepared to take on new challenges, can deliver a high level of quality, and can work well with the broader team, within Risk and outside of Risk in different jurisdictions. The successful candidate will gain a wide perspective of TDS and exposure to several risk, business, and corporate function groups.Functional and regional responsibilities are outlined below:Specific Responsibilities
Support the implementation of Enterprise Risk frameworks, policies, standards, and procedures in coordination with the Group risk programs.
Provide thought leadership and incorporate critical elements of Enterprise Risk Management / Governance, including:
Analysis of information and risk data across programs and risk types to identify, assess, and report on the current and forward-looking risk profile.
Coordination of risk reporting to management-level committees.
Identification and implementation of development opportunities to enhance Risk reporting in line with Group requirements and regional demands.
Leading the completion, maintenance and updating of Enterprise Risk program information and documentation to meet both internal (e.g., Internal Audit) and regulatory requirements.
Coordinate the setting of risk appetite for TDS and develop quarterly monitoring against agreed measures and capture in Risk Management Committee and Board reporting. Continue to drive the maturity of the risk appetite program.
Develop and coordinate the annual production of the Risk Appetite Scorecard to review TDS US performance against Risk Appetite.
Develop and embed risk identification processes into established processes to inform risk identification and monitoring at senior executive and Board levels. This includes but is not limited to:
Quarterly Top, Emerging and Accepted Risk (TEAR) process.
Annual Risk Identification, Catalog and Measurement update.
Support the ongoing and active engagement with SMEs across TDBG/TDS to develop a view and expertise of non-traditional risks applicable to TDS.
Assess and identify areas for improvement in the ongoing roll out of the ERM mandate in the region and as required for TDS.
Keep abreast of emerging issues, trends and the evolving regulatory requirement and assess the potential impact to TDS.
Support the TDS US ORM team and TDS US Chief Risk Officer as required for ERM and broader risk initiatives.
Depth & Scope:
Serves as a point-person and provides oversight in regards to market risk control for trading desks in the Region
Assists in the identification of all key market risks and determine 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 ensure ongoing suitability to business evolution
Assists with local market risk regulatory issues
Develops a thorough understanding of business strategies and key factors contributing to profitability
Be involved in P&L attribution and periodic performance analysis with commentary linking the desks performance to specific trading strategies, positions, market conditions and underlying risks
Facilitates the design of appropriate stress tests and scenarios that will highlight key market risks, in specific business lines and in the firm as a whole, under stress situations and provide ongoing commentary on stress results
Provides periodic analysis and commentary of key market risks for senior management review
Keeps abreast of new risk management techniques and industry literature
Demonstrates governance, control and risk management behaviors in alignment with TD policies and practices
Ensures that execution of the Market Risk Control function is line with documented procedures specific to this role or business
Education & Experience:
4 year degree in quantitative or financial field or equivalent experience
7 - 10 years related analytical experience
Must be detail oriented and possess problem-solving skills
Must be able to work independently with minimal supervision and establish priorities
Proficient in interpersonal communication (both oral and written), and have the ability to communicate effectively with all levels of staff and management
Physical Requirements:Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
Domestic Travel – Occasional
International Travel – Never
Performing sedentary work – Continuous
Performing multiple tasks – Continuous
Operating standard office equipment - Continuous
Responding quickly to sounds – Occasional
Sitting – Continuous
Standing – Occasional
Walking – Occasional
Moving safely in confined spaces – Occasional
Lifting/Carrying (under 25 lbs.) – Occasional
Lifting/Carrying (over 25 lbs.) – Never
Squatting – Occasional
Bending – Occasional
Kneeling – Never
Crawling – Never
Climbing – Never
Reaching overhead – Never
Reaching forward – Occasional
Pushing – Never
Pulling – Never
Twisting – Never
Concentrating for long periods of time – Continuous
Applying common sense to deal with problems involving standardized situations – Continuous
Reading, writing and comprehending instructions – Continuous
Adding, subtracting, multiplying and dividing – Continuous
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.Who We AreTD 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 premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.Our Total Rewards PackageOur Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more (http://hrportal.ehr.com/tdtotalrewards)Additional Information:We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.Colleague DevelopmentIf you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.Training & OnboardingWe will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.Interview ProcessWe’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.AccommodationIf you are an applicant with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at [email protected] . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.