Manager, Market Risk Measurement - Toronto, Canada - TD Bank

TD Bank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

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Description

406873BR

Finance / Accounting

Toronto, ON

April 20, 2023

Company Overview

Department Overview

The Treasury and Balance Sheet Management (TBSM) department of TD Bank is responsible for overseeing the management of TD Bank's Canadian and US P&C: non-trading market risk, consolidated liquidity risk and consolidated capital position.

Culture:

TBSM prides itself on fostering a culture which focuses on development, open mindedness, sharing team successes, partnerships & value add initiatives.

Emphasis is especially placed on developing our people by fostering a teaching culture & valuing diversity.
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The Balance Sheet Measurement and Projects team [BSMP] is a centralized function in TBSM responsible for completing all measurement activities relating to Non-Trading Market Risk (NTMR) and Funds Transfer Pricing (FTP)

The mandate includes:

Ensuring the accuracy, completeness and timeliness of all measurement activity contributing to the reporting from the Balance Sheet Management group. As a centralized function in TBSM, the team is responsible for driving measurement activities that provide insights on the Bank's Segment reporting NII and NIM results and Non-Trading Market Risk Positions
Ensure accuracy, completeness and timeliness of measurement activity that contributes to the reporting to our front office traders, Finance partners, Product Partners, Risk Management, Board, Financial Disclosures and Regulators.
Building a bestinclass measurement & analytics infrastructure and oversight of the Non-Trading Books and Funds Transfer Pricing processes.
Putting in place bestinclass governance processes to ensure accuracy of results.
Ensuring all project work that impacts the broader Balance Sheet Measurement and Analytics team [BSMA] are executed in a timely manner with effective management of resources across partner projects, internal TBSM projects and major implementations.
Develop and foster relationships with stakeholders across the bank, including other Finance functions, 2nd line and 3rd line risk functions.
Effectively communicating our results, insights, and project delivery impacts to our stakeholders.

Job Description:

Key Responsibilities of this position include:

Support in the implementation of the enhanced change control process
Once implemented, ensure both BAU & Project changes adhere to the standards
Liase with Model Development and Model Validation partners to maintain an inventory and address any items requiring remediation
Act as the MRMA point of contact internally during projects to help assess change control categories and governance steps required
Provide updates on status of model related items requiring business support and implementations and present to all levels of the organization including senior management

LI-Hybrid

Requirements:

Postsecondary degree
MBA, CFA, PMP considered assets

Familiarity with:

Principles of asset/liability management, capital markets, and how Treasury deliver value
Superior understanding of capital market instruments including bond and interest rate derivatives.
Superior understanding of risk measurement and valuation concepts (cash flow, PV, IRR, duration, convexity, etc.).
TBSM processes and how they interconnect considered an asset
The features and characteristics of retail banking products

Experience with:

Coordinating cross functional teams to deliver key initiatives
Managing projects, gathering & analyzing business requirements and explaining requirements to system developers
Mappingout/reengineering processes and workflows, including associated change management
Communicating with all levels of the organization, including senior management
Simplifying complex concepts and business results in terms understandable by audiences with varied backgrounds & seniority levels

Competencies and Personal Qualities:

Excellent interpersonal and communication skills
Selfstarter with a proven ability to meet deadlines, own initiatives, and work effectively under minimum supervision.
Able to multitask while maintaining attention to detail with tight timelines.
Demonstrated strong critical thinking, problem solving and analytical abilities
Approach responsibilities with diligence and initiative, taking ownership of issues to ensure successful outcomes, able to work independently with mínimal supervision
Exceptional organizational skills with an ability to prioritize and manage competing initiatives
Challenge the status quo and exhibit a forwardlooking mindset to identify enhancement opportunities that are efficient and scalable

Hours

37.5

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported.

We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve.

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