TD Bank

Director, Prime Services Product Development

TD Bank • $300K *
New York, NY 10025In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.
  • Series 7 and 63 licenses required.
  • 7-10 years of relevant experience, with at least 5 years in Prime Brokerage or related fields.
  • Strong knowledge of Cash and Synthetic Prime Brokerage.
  • Expertise in Basel requirements and their implications for product design.

Responsibilities

  • Lead design and execution of a unified Cash and Synthetic Prime Brokerage platform.
  • Build scalable capabilities for client onboarding and financing workflows.
  • Collaborate with various departments to align business strategies with platform capabilities.
  • Own the oversight of business requirements and control implementations for product initiatives.
  • Ensure strict adherence to bank policies and industry regulations.

Benefits

  • Opportunities for professional development.
  • Access to a diverse work culture and collaborative environment.
  • Exposure to leading market practices and strategic decision-making.
  • Support for work-life balance with flexible work arrangements.
Full Job Description
Work Location:
New York, New York, United States of America

Hours:
40

Line of Business:
TD Securities

Pay Detail:
$300,000 - $300,000 USD

The Director, Prime Services Product Development will have a primary mandate to build and scale a seamless Cash and Synthetic Prime Brokerage platform. The role will own the product roadmap, operating model, and delivery agenda across arranged financing, cross-margin, collateral optimization, client workflow, Capital / Liquidity reporting and platform modernization.

This is a senior product role requiring deep Prime Brokerage experience, strong commercial judgment, and the ability to connect client demand with scalable platform delivery, regulatory capital / liquidity discipline, and enterprise risk governance.

Key Responsibilities:
  • Lead the design and execution of Arranged Financing platform and drive the business strategy to deliver clients a unified Cash and Synthetic Prime Brokerage platform
  • Build scalable capabilities across client onboarding, margining, cross-margin, collateral optimization, financing workflows, client reporting, and operating controls.
  • Partner with Sales, Trading, Treasury, Risk, Finance, Operations, Regulatory Reporting, Legal, Compliance, Technology, and Strats to translate business strategy into deliverable platform capabilities.
  • Own business requirements, prioritization, implementation oversight, testing, controls, launch readiness, and senior management reporting for strategic product initiatives.


Depth & Scope:
  • Liaises with the Banks other operations in New York to assist in meeting the Banks objectives
  • Strict adherence personally and at a desk level to the firms procedures
  • Fully informed on market data, economic information and key industry developments as well as regulatory standards at all times to assist in maximizing profitability through sound and well informed decisions
  • Develops and maintains contacts with market participants
  • Responsible for practicing and communicating bank policy information and strategy between your product head and relevant trading personnel
  • Understands and complies with TD Securities (USA) Policies, regulatory and compliance requirements, ensuring that transactions are fully documented and processed accurately and in a timely manner
  • Responsible for being aware of and understanding the approved Business Strategies (Strategic Business Reviews SBRs), applicable to your business, and ensuring that all of your business dealings are in alignment with these strategies
  • If you are a Trader or are in a Hybrid role, in your capacity as a Trader, you are bound by your Trading Authority Letter (TAL)
  • If you are a Trader or are in a Hybrid role, in your capacity as a Trader, you are bound by the Market Risk Policies applicable to your business and are responsible for being aware of and understanding the approved Trading Strategies (associated with the respective Market Risk Policies) applicable to your business, and ensuring that all of your trading activity is in alignment with those Strategies
  • If you are a Trader or are in a Hybrid role, in your capacity as a Trader or Trading Supervisor of an employee acting in a Trading capacity, you are responsible for ensuring that trades are entered into the trading system on a timely basis and for ensuring that positions are appropriately valued
  • If you are in a Sales or Hybrid role, in your Sales role capacity, you must obtain a current market price from an appropriate trader, either verbally or electronically, prior to entering into a binding transaction
  • Bound by Credit Risk Policies and procedures, as they apply to your business and are responsible for being aware of and understanding such policies and procedures and ensuring that trading activity is in line with those policies
  • Required to read and understand the Trading Supervision Standard
  • Required to demonstrate governance, control and risk management behaviors in alignment with TD policies and practices


Education & Experience:
  • Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.
  • Series 7 and 63
  • 7-10 years related experience


Preferred Qualifications:
  • Minimum 7-10+ years of relevant industry experience, including at least 5 years directly in Prime Brokerage, Securities Financing, Equity Finance, DeltaOne or Prime Services product development.
  • Strong hands-on knowledge of Cash Prime Brokerage, Synthetic Prime Brokerage, arranged financing, hedge fund financing, margin methodologies, collateral workflows, Securities Financing, and client lifecycle processes.
  • Demonstrated expertise in Basel requirements, RWA, leverage exposure, liquidity, counterparty credit risk, balance sheet constraints, and their impact on Prime Brokerage product design.
  • Proven ability to lead complex cross-functional platform initiatives from strategy and requirements through implementation, controls, and commercialization.
  • Strong executive communication, analytical problem-solving, stakeholder management, and influencing skills in a matrixed Capital Markets environment.


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.

About TD Bank

TD Securities offers a range of advisory and capital market services to its clients. The company's range of services includes research, investment banking, capital markets, and global transaction banking. Research consists of commodity and equity research. Investment banking consists of mergers, acquisitions, industry expertise, and credit origination. Global transaction banking consists of trade finance, cash management, and correspondent banking. TD Securities was founded in 1855 and is based in Ontario.

TD Bank Careers

Join the vibrant team at TD Bank, one of North America's leading financial services organizations, where innovation, leadership, and growth go hand in hand. At TD Bank, we are committed to fostering a culture of diversity and inclusion, making it an ideal place for ambitious professionals to thrive. Work You’ll Do At TD Bank, your professional journey is bolstered by a robust support system. From your first interview to every career milestone, you will find opportunities for growth and leadership. Our team is dedicated to helping you develop the skills necessary for success in the ever-evolving financial sector. TD Bank offers a variety of job opportunities across multiple fields, from customer service to investment banking. Each position at TD Bank is a chance to contribute to our culture of innovation and exceptional client service. Internship Programs Kickstart your career with a TD Bank internship. Our programs provide invaluable industry exposure and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark in the banking industry. Interns at TD Bank enjoy the unique opportunity to work alongside seasoned professionals, gaining insights that are crucial for future employment. Benefits and Growth TD Bank is deeply committed to the well-being and continuous growth of our team members. We offer competitive benefits packages that cover health, finance, and family care. Our employees enjoy comprehensive health insurance, retirement plans, and generous paid time off, among other perks. Moreover, TD Bank encourages professional development through various training programs, including leadership development and diversity training. These initiatives ensure that our team remains at the forefront of industry standards and best practices. Join Our Team Explore the numerous career paths available at TD Bank and discover how your skills and interests align with our mission. We are actively hiring and continually looking for talented individuals who are passionate about banking and customer service. Networking and Professional Development At TD Bank, we believe in the power of networking and collaboration. Our employees have access to a wide range of networking events, workshops, and seminars that promote career development and professional growth. These platforms not only enhance your professional skills but also expand your industry connections. Stay Connected Keep up to date with the latest at TD Bank Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get the latest news, insider tips, and job opportunities delivered straight to your inbox. Explore job opportunities at TD Bank and be part of a team that values hard work, creativity, and a diverse workplace culture. Your next great career move is just a click away. SEARCH TD BANK JOBS Join us at TD Bank and let your ambition lead you to a rewarding career filled with opportunities to learn, grow, and innovate.
Learn more about TD Bank
Size
90,000 employees
Market Cap
$117.9 billion
Industry
Finance & Insurance
Net Income
-$6.9 million
5 Year Trend
+6.6%
* Ladders Estimates

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