TD Bank

Manager, Valuations - Commodities

TD Bank • $96K — $136K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Strong understanding of commodities products including futures, options, and swaps
  • Experience in valuations, product control, or market risk within capital markets
  • Demonstrable leadership experience in managing high-performing teams
  • Expertise in fair value measurement and market observability
  • Proven track record in enhancing valuation methodologies and controls
  • Strong stakeholder management skills across various functions
  • Ability to navigate a fast-paced environment with multiple deliverables

Responsibilities

  • Oversee and manage a team executing Independent Price Verification and valuation adjustments
  • Ensure governance and efficiency in IPV and valuation processes
  • Lead enhancement initiatives for commodities IPV methodologies and tools
  • Build partnerships across teams to address valuation risks and price sources
  • Act as a subject matter expert for commodities-related valuation inquiries
  • Oversee compliance with IPV policies and documentation processes
  • Contribute to the development of automated solutions for IPV and valuation reporting
  • Monitor regulatory developments affecting commodities IPV frameworks

Benefits

  • Discretionary variable compensation based on performance
  • Collaboration-oriented work culture
  • Opportunity to lead and shape valuation control in a dynamic environment
  • Exposure to various financial products and cross-functional partnerships
  • Professional development potential through technology-led improvements
Full Job Description
Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
Data & Analytics

Pay Details:
$96,900 - $136,800 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

Job Description:

Position Overview:

Within Controller & Chief Accountants in Finance, the Valuations & Product Control team supports TD Securities and is responsible for providing overall end-to-end accountability for the completeness, accuracy, and timeliness of Independent Price Verification (IPV) and Valuation Adjustment (VA) processes. Product Control is the primary point of contact on P&L, Balance Sheet, Attribution, Independent Pricing Verification, and Valuation Adjustments reporting and initiatives, exercising an in-depth understanding of the products, valuations, and risks of the business. The Commodities Valuations team plays a critical role in ensuring the integrity of financial reporting by leveraging robust market data sources, valuation methodologies, and quantitative techniques to validate the fair value of physical and financial commodity products across trading desks and businesses.

As a Valuations Manager covering Commodities, you will:
  • Oversee and manage a team responsible for conducting IPV and valuation adjustment processes across commodities trading businesses, including energy and metals
  • Ensure effective governance, financial control, and process efficiency in the delivery of IPV and VA, including observability analysis, broker and exchange price testing, curve and surface validation, and fair value hierarchy classification.
  • Lead initiatives to enhance commodities IPV methodologies and tools to reflect evolving market conditions, product structures, liquidity profiles, and regulatory expectations.
  • Build strong partnerships with commodities trading desks, market risk, finance, technology, model validation, and operations teams to ensure a sound understanding of valuation risks, price sources, curve construction, and modeling approaches.
  • Act as a subject matter expert and escalation point for commodities IPV-related matters, providing leadership and guidance on valuation matters for exchange-traded, OTC, and structured commodity products.
  • Provide oversight of documentation and internal control processes supporting IPV and valuation adjustment policy compliance, including methodology documentation, price source hierarchy, stale price assessment, and evidence of independent challenge.
  • Contribute to the development and enhancement of automated tools, controls, and dashboards used in commodities IPV, valuation adjustments, market data quality review, and fair value reporting; advocate for technology-led improvements.
  • Ensure effective response to internal and external audit, control partners, and regulatory inquiries related to commodities valuation controls, IPV methodology, data observability, and valuation adjustment governance.
  • Monitor emerging trends and developments in regulatory valuation standards (IFRS 13, FRTB, OSFI guidelines) and assess their impacts on commodities IPV frameworks, fair value hierarchy conclusions, and valuation adjustment practices.
  • Support new product assessments by integrating commodities valuation controls and IPV considerations early in the product lifecycle, including identification of independent price sources, model dependencies, liquidity considerations, and operational control requirements.


Job Requirements:
  • Strong knowledge of commodities products, including physical and financial energy, metals, commodity futures and options, swaps, forwards, structured commodity transactions, and commodity-linked derivatives.
  • Prior experience in valuations, IPV, product control, market risk, or trading support within capital markets, ideally with direct exposure to commodities businesses.
  • Prior experience leading or mentoring high-performing teams, with the ability to develop technical valuation capability and strengthen control discipline.
  • In-depth understanding of fair value measurement, market observability, valuation adjustments, curve and surface construction, market data hierarchy, and financial reporting controls.
  • Demonstrated success in leading or contributing to commodities valuation control change initiatives, methodology enhancements, market data improvements, and technology implementations.
  • Strong stakeholder management skills, with the ability to collaborate and influence across trading, risk, finance, technology, operations, and model validation functions.
  • Ability to manage multiple deliverables in a fast-paced, evolving environment, including month-end valuation controls, audit requests, methodology reviews, and new product onboarding.

Additional Information:
  • Undergraduate or graduate degree in Finance, Accounting, Engineering, Mathematics, Physics, Computer Science, or other quantitative disciplines.
  • Pursuit or completion of professional designation (CFA, CPA, FRM) is an asset.
  • Experience with Python or other coding tools for financial analysis and process automation is a strong asset.
  • Familiarity with valuation systems, market data platforms (e.g., Bloomberg, Refinitiv), broker/dealer price sources, exchange settlement data, general ledger (GL), and ERP systems.
  • 7+ years of related experience, ideally with exposure to commodities valuation processes and related product control, risk, or market data control frameworks.


This role is an exciting opportunity to lead IPV coverage for the Commodities business at TD Securities. We are looking for a collaborative, driven, and technically proficient leader to help strengthen and shape the future of commodities valuation control in a dynamic capital markets environment

Work activities include a blend of highly collaborative activities and individual deliverables. Individuals are expected to be onsite 4 days a week. Colleagues may spend more or less days in office as required by the business line.

Language Requirement (Quebec only):
Sans Objet

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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