Business Insights Specialist, Closed Balance Sheet - Toronto, Canada - TD Bank

TD Bank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

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Description

403574BR

Finance / Accounting

Toronto, ON

March 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.

The Closed Balance Sheet (CBS) team collaborates with multiple TBSM & Finance stakeholders to identify, quantify & determine root causes for any deviation to the Funds Transfer Pricing (FTP) framework and the resolution of structural balance sheet measurement discrepancies.

The Closed Balance Sheet team (CBS) is integral for the bank to accurately represent the true costs/benefits of our product offerings by ensuring Funds Transfer Pricing (FTP) is accurate.

CBS takes a thought leadership approach by collaborating with treasury management to identify, quantify & determine root causes for any deviation to the FTP framework and the resolution of structural balance sheet measurement discrepancies.

The team is responsible for socializing findings and solutions with senior management.

The CBS team owns, reports and analyzes all components of the TBSM P&L.

As a centralized function in TBSM, the CBS team act as ambassadors across the bank when discussing key drivers of P&L results which includes, FTP framework changes, hedging strategies & hedge accounting results, funding, capital, investment portfolio and liquidity results.

Job Description:

The Manager will be accountable for several investigations into causes of difference between the Bank's FTP view of net interest income and financial reporting view of net interest income which represent deficiencies in the banks funds transfer pricing, interest rate risk management, foreign exchange risk management or financial reporting processes and methodologies.

The Manager will work across various stakeholder groups both within TBSM and across the bank to identify the cause of differences, quantify the impact, propose solutions and partner with various teams to implement changes to methodologies, processes and reporting to correct for the issue identified.

The Manager will also be accountable for several key initiatives for the CBS team including development of enhanced analytical capabilities, driving for increased efficiency and other project related items as they occur.

Key Responsibilities of this position include:

Perform comprehensive analysis into causes of difference between the Bank's Funds Transfer Pricing net interest income and the Bank's Financial Reporting net interest income and present findings to VP BSMA, the Bank's Treasurer and CFO.
Partner with Technology, Finance and TBSM business partners to lead the implementation of solutions to the issues identified
Act as the CBS team lead for several Bankwide and TBSMwide projects and initiatives
Provide updates on investigations and various CBS projects, and present to all levels of the organization, including senior management
Support other TBSM teams by providing CBS expertise on banking product features and CBS implications
Develop and foster a positive working relationship with partners and project stakeholders
Create an extraordinary place to work by developing and motivating other team members

LI-Hybrid

Requirements:

Familiarity with:

Principles of asset/liability management, capital markets, and how Treasury delivers value
TBSM processes and how they interconnect
The features and characteristics of P&C banking products
Accounting for banking products including hedge accounting

Experience with:

Mappingout/reengineering processes and work flows, including associated change management
Communicating with all levels of the organization, including senior management
Simplifying and presenting complex concepts and business results in terms understandable by audiences with varied backgrounds including senior bank executives
Managing multiple complex projects concurrently
Gathering & analyzing financial data to derive value added analysis
Managing cross functional teams to deliver on key initiatives

Competencies and Personal Qualities:

Excellent interpersonal and communication skills
Demonstrated strong analytical abilities
Ability to collaborate and teach skills and concepts to colleagues
Approach responsibilities with diligence and initiative, taking ownership of issues to ensure successful outcomes
Strong 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

Inc