Work Location:
New York, New York, United States of America

Hours:
40

Line of Business:
TD Securities

Pay Detail:
130,000 - 160,000 USD

Job Description:

Vice President - Fed & Tri-Party Settlements

Fixed Income Operations | Global Operations & Business Services

Role Overview

The Vice President - Fed & Tri-Party Settlements is responsible for leading and overseeing the settlement of U.S. Treasury and secured financing transactions across Fedwire Securities, Fedwire Funds, and Tri-Party platforms

This role provides end-to-end ownership of high-value settlement activity, including U.S. Treasury delivery, tri-party collateral movements, repo lifecycle events, and intraday liquidity coordination. The VP will lead multiple teams and/or team leads responsible for daily execution, while ensuring a robust risk and control framework is maintained.

The successful candidate will act as a senior operational partner to trading desks (Rates, Repo, Sec Financing), Treasury, and Liquidity Management, playing a key role in supporting balance sheet efficiency, funding optimization, and regulatory readiness.

This role offers a unique opportunity to shape and scale a critical operational function aligned to U.S. Treasury clearing evolution, repo market growth, and increased regulatory focus on settlement infrastructure.

Key Responsibilities

Leadership & Organizational Management
• Lead and manage multiple teams and/or team leads supporting Fed settlements and tri-party operations.
• Build and scale a high-performing organization aligned to business growth in U.S. Treasuries and secured financing markets.
• Drive performance management, talent development, and succession planning.

End-to-End Fed & Tri-Party Settlement Ownership
• Own the end-to-end settlement lifecycle across:
• Fedwire Securities (UST delivery / receipt)
• Fedwire Funds (cash movements)
• Tri-party repo platforms (BONY, JPM)

Oversee:
• U.S. Treasury settlements
• Repo trade settlements and unwind/rewind cycles
• Collateral allocation and substitutions
• Intraday funding and liquidity coordination
• Ensure timely and accurate settlement of high-value, time-sensitive transactions.

Risk, Control & Liquidity Management
• Own the control framework for Fed and tri-party settlements, including intraday risk monitoring, fail management, and liquidity exposure.
• Partner with Treasury and Liquidity teams to manage intraday funding requirements and settlement flows.
• Ensure compliance with regulatory expectations (e.g., UST clearing requirements, TMPG guidance).
• Lead audit, regulatory reviews, and control remediation efforts.

Stakeholder Engagement
• Act as a senior escalation point for trading desks (Rates, Repo, Sec Financing).
• Partner closely with:
• Treasury / Liquidity Management
• Risk and Compliance
• Technology and Infrastructure teams
• Influence front-to-back process design and settlement optimization strategies.

Strategic Initiatives & Market Evolution
• Support the firm's readiness for U.S. Treasury clearing and central clearing mandates.
• Drive enhancements in tri-party collateral optimization, automation, and settlement efficiency.
• Lead initiatives aligned to repo market growth and balance sheet efficiency.
• Contribute to the development of a scalable operating model supporting increased volumes and regulatory complexity.

Qualifications

Experience
• 10-15+ years of experience in Capital Markets Operations, with deep expertise in:
• U.S. Treasury settlements
• Repo / Secured Financing operations
• Fedwire and/or Tri-Party platforms
• Proven experience leading teams and/or managers in a high-volume, high-risk environment.

Technical & Industry Knowledge
• Strong expertise in:
• Fedwire Securities & Fedwire Funds
• Tri-Party platforms
• Repo lifecycle, collateral management, and funding flows
• Experience supporting high-volume capital markets trading environments.
• Understanding of U.S. Treasury clearing developments and market structure evolution.

Leadership & Strategic Capabilities
• Demonstrated ability to lead large teams and drive organizational performance.
• Strong stakeholder management skills with the ability to influence across senior levels.
• Ability to balance strategic initiatives with operational execution.
• Proven track record of driving process improvement and automation initiatives.

Risk & Control Expertise
• Strong understanding of operational risk, liquidity risk, and settlement risk frameworks.
• Experience managing intraday liquidity exposure and high-value settlement risk.
• Experience with audit, regulatory interaction, and control governance.

Professional Attributes
• Strong leadership presence and executive communication skills.
• High level of accountability and ownership.
• Ability to operate effectively in a time-critical, high-pressure environment.
• Strong decision-making and escalation judgment.

The VP, TDS Operations leads a group of operational functions and activities via Team Leaders/Operations Officers/ Analysts/Specialists within a unit and provide guidance, leadership, coaching and development to ensure operational results and professional/personal development objectives are achieved for the overall group.

Depth & Scope:

• Provides people management leadership by recruiting top talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
• Oversees a large team with functional diversity and complexity where activities involve multiple step transactions, multiple systems and jurisdictions, higher volumes and/or medium to high complexity
• Expert knowledge of the business and operational functions supported
• Leads teams with multiple points of internal and external contact including direct contact with Customers
• Work focus time horizon is generally medium to long-term with moderate to high focus on strategic planning
• Requires expert process management knowledge and the risk profile for team processes supported
• Decision making authority and ambiguity and nature of issues managed are generally more complex, risk oriented, time sensitive and/or impacts a significant part of the organization
• Acts as highest point of team escalation for resolution and provides direction to resolve issues or escalate
• Involves daily contact with cross-functional teams across TDBG or external contacts and/or customers

Education & Experience:

• Undergraduate degree/ college diploma preferred and/or
• 6+ years relevant experience and 4+ years of people management experience
• Advanced knowledge of key functional areas including Capital Markets, Financing Operations, Payment and Correspondent Banking Services, Business Services, Change Delivery, and Regional Operations
• Knowledge of capital markets products, which may include Foreign Exchange, Fixed Income, Equities and Derivatives.
• Knowledge of current and emerging trends in the industry and market
• Knowledge of risk management environment, standards and regulations
• Strong knowledge of process management to drive efficiency
• Ability to contribute to strategic direction of the function and provide advice to senior leadership
• Skill in managing budgets and resource allocation
• Advanced ability to lead, plan, implement and evaluate program/project activities to ensure completion of initiatives
• Skill in talent development and performance management
• Ability to make an impact, influence and achieve results with effective negotiation, problem-solving and communication skills
• Skill in negotiation and partnership
• Skill in using analytical software tools, data analysis methods and reporting techniques to assess risk and challenge the status quo
• Skill in leadership, mentoring, coaching and performance management
• Ability to exercise sound judgement in making decisions
• Ability to communicate effectively in both oral and written form with partners at all levels including senior management
• Ability to work collaboratively and build relationships across teams and functions
• Skill in organization and time management
• Ability to analyze, organize and prioritize work while meeting multiple deadlines
• Ability to work successfully as a member of a team and independently
• Ability to process and handle confidential information with discretion

Customer Accountabilities:

• Leads respective group within a business unit in delivering operational support to the assigned areas
• Identifies and responds to changes in the business environment and establish action plans to address client issues and priorities
• Acts as a key liaison at the department level to actively engage stakeholders within the Bank and broader industry, developing and maintaining strong business partnerships, clarifying client needs and delivering client-centered solutions that enhance the overall end-to-end experience
• Secondary escalation point for significant risks/exceptions
• Monitors service and control standards against overall business/department objectives
• Provides frontline feedback to client strategy and broader process improvement functions to identify client pain points and opportunities for improvement
• Negotiates and help to resolve complex and/or escalated issues
• Builds a client-centric, collaborative and innovative culture

Shareholder Accountabilities:

• Proactively identifies key business opportunities, research and recommend system enhancement/modifications, develop strategies to achieve recommendations and work closely with system support to execute and implement system upgrades/enhancements
• Conducts root cause analysis, evaluate options and provide recommendations; ensure appropriate reporting and escalation of issues occurs based on risk profile
• Contributes to the development of the business plan, operationalize the plan and deliver on assigned service or functionality
• Protects the interests of the organization; identify and manage risks, resolve escalated matters and refer complex and/or non-standard, high-risk transactions/activities as needed
• Provides expertise and coordinate implementation and testing of new processes and systems and ensure these are well documented
• Applies knowledge of end-to-end processes and regulatory requirements to drive achievement of department standards for productivity and efficiency, implement process improvement initiatives and execute on change, supporting adherence, tracking and realizing benefits
• Mitigates risk by coordinating activities with partners in Operations, Technology, Finance, Risk Management, etc.
• Follows and ensures employees are knowledgeable of and comply with Bank and industry codes of conduct
• Acts as a key contributor to strategic initiatives, functional projects/programs and/or internal/external working groups and may sign off on projects of small scale and/or complexity
• Conceptualizes/defines change framework and contribute to strategy discussions; act as a key change agent for a defined area
• Adheres to enterprise frameworks and methodologies that relate to operations activities for own area (e.g. Anti-Money Laundering, Business Continuity Management); ensure unit operates in compliance with applicable internal and external requirements
• Participates in and/or lead community initiatives and promote commitment to shared Enterprise values and commitments
• Assesses performance based on team and function analytics

Employee/Team Accountabilities:

• Provides both leadership and guidance in managing the overall team
• Coaches and trains to develop team capability and ensure requests and infrastructure issues are handled according to established service standards
• Leads the process of setting performance objectives for the team; track, monitor and effectively address and/or reward performance in a timely manner
• Recruits for all hires to ensure a highly diverse, qualified workforce to achieve business objectives
• Creates a dynamic work environment in line with TD's Employee Value Proposition; challenge the status quo
• Grows team