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

TD Bank

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

401949BR

Risk Management

Toronto, ON

March 6, 2023

Company Overview

Department Overview

The Enterprise Market Risk Control (EMRC) mandate is:

Develop a highly effective and respected team that operates in a manner consistent with the Bank's guiding principles and policies.
Develop and maintain market risk frameworks where limits are respected and consistent with the Bank's risk appetite.
Provide oversight of overall trading market risks in TDS.
Ensure overall TDS market risk policies align and comply with TD's risk appetite.
Understand significant drivers of overall TDS market risk metrics.
Ensure significant reported trading market risks and results are appropriately measured and made transparent.
Provide insight into key measures of overall market risk in TDS by performing analysis and producing commentaries.
Use judgement and expertise to ensure the appropriate measurement of overall market risk in TDS.
Provide insight into risk and capital for TDS by performing analysis.
Provide guidance to other teams in the bank to enhance transparency.
Provide oversight of nontrading market risk and valuation of financial instruments within TDBG.
Ensure TBSM market risk policies and frameworks align and comply with TD's risk appetite.
Ensure that significant reported market risks and results for TBSM are appropriately measured and made transparent to Senior Management and the Risk Committee of the Board.
Provide appropriate oversight of nontrading market risk across TDBG (ie. TD's pension plans, TD Capital, TD Wealth).
Provide oversight of TDBG's Market Risk Stress testing programs.
Ensure overall TDBG's stress testing policies and governances align and comply with TD's risk appetite.
Identify, understand and assess TDS market risk vulnerabilities.
Develop and maintain appropriate risk and capital models, in partnership with other areas of the Bank.
Proactively identify and assess relevant emerging risks and industry standards.

Job Description:

Responsibilities include, but are not limited to:

Understand the underlying principles for:
ValueatRisk (General market, idiosyncratic, and migration and default risk)
Stress Testing
Pricing and risk management of financial derivatives, including issues that arise regarding financial modelling of products for VaR and risk purposes
Participate in the analysis and creation of commentary into VaR, stress, greeks and other risk metrics.
Participate in the testing of tools related to VaR, Stress, backtesting and PnL.
Help to monitor Global risk metrics on a daily basis
Provide constructive feedback and suggestions on the approach(es) taken in the project work streams on which he/she participates
Participate independently with limited guidance in adhoc analysis, and discussions to support different stakeholders
Maintain documentation in respect of the key policies, processes, and procedures
Understand and comply with TD policies, regulatory, and compliance requirements

Requirements:

Excellent communication (both written and oral) and interpersonal skills
Selfstarter with a high degree of initiative and the ability to learn and adapt quickly
Strong team player, working closely with team members daily
Strong conceptual, analytical and problem solving skills
Efficient with working with large amounts of data and complex computations / methodologies
Comfortable with working in a rapidly changing environment
Proficiency with Excel, including pivot tables and macros
Knowledge of VBA, UNIX, SQL, Python an asset
An undergraduate or graduate degree in Business, Economics, Mathematics, Statistics, Finance or other quantitative discipline
Relevant industry or risk management experience and/or accreditation (FRM/PRM/CFA/MBA)
Good understanding of concepts of statistics, financial and risk modeling
Understanding of FRTB

LI-Hybrid

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.

If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.