TD Bank

VP - Risk

TD Bank • $115K — $175K *
New York, NY 10025In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5+ years of experience in market risk or trading roles
  • Expertise in capital markets, specifically dealing with derivatives and xVA
  • Strong understanding of risk measurement methodologies such as VaR and Stress Testing
  • Excellent leadership, mentorship, and team collaboration abilities
  • Undergraduate or graduate degree in Finance, Economics, or Mathematics
  • Strong analytical and critical thinking skills with the ability to thrive in complex environments
  • CFA or FRM designation preferred.

Responsibilities

  • Oversee market risk for the xVA desk as a senior team member
  • Develop independent market risk assessments and methodologies
  • Foster collaboration with front office teams on trading strategies and risk positions
  • Design and implement market risk policies, including stress tests
  • Analyze new products for market risks and established risk controls
  • Communicate effectively about risk issues to various stakeholders
  • Provide guidance and mentorship within the Market Risk team.

Benefits

  • Comprehensive health, dental, and vision coverage
  • Retirement savings plan options with company matching
  • Professional development and continuing education opportunities
  • Paid time off and flexible work hours
  • Supportive work environment promoting work-life balance
  • Employee assistance programs and wellness initiatives
Full Job Description
Work Location:
New York, New York, United States of America

Hours:
40

Line of Business:
Risk Management

Pay Detail:
$115,000 - $175,000 USD

Reporting to the Head of Market Risk, XVA & Capital Optimization Desk Coverage, this Level 10, Market Risk Specialist's accountabilities include:
  • As a senior member of the Market Risk team, provide effective market risk oversight of the xVA desk.
  • Develop a strong independent view of current market conditions, the market risk of the desk's positions, as well as xVA methodology.
  • Maintain close contact with TDS Front Office, including business heads and senior traders regarding trading strategies, market conditions, risk positions, liquidity, profit and loss, and new initiatives.
  • Work closely with the team to promote collaboration and to provide insight and education with respect to the trading businesses.
  • Develop market risk policy for the relevant trading business with the objective of providing effective market risk oversight. Design stress tests and scenarios that highlight key market risks.
  • Maintain an understanding of the regulatory landscape related to risk reporting and xVA (e.g., CVA Capital and FRTB) and provide data analysis to facilitate discussion with Trading Desk.
  • Analyze new product requests to ensure that market risks are well understood and that appropriate market risk limits and controls are established.
  • Effectively communicate risk issues to all levels of the Risk Management organization, other control groups and the front office.
  • Provide coaching and mentorship within Market Risk team.


Job Requirements:
  • Minimum of five years of market risk or trading experience
  • Deep capital markets knowledge with expertise in market risk and control functions covering derivatives, sales/trading/hedging strategies with a particular focus on XVA and CCR.
  • Solid understanding of risk measurement concepts and methodologies including VaR, FRTB, SA-CVA, Stress Testing etc. coupled with an understanding of broader regulatory and financial concepts.
  • Excellent interpersonal, team building and leadership skills.
  • Undergraduate or graduate degree in Finance, Economics, Mathematics, or other relevant discipline.
  • Ability to thrive within an environment with a high level of complexity and ambiguity. Keen interest in learning and a high level of curiosity regarding financial markets and products.
  • Organizational awareness and demonstrated relationship building skills, with a superior ability to make things happen through the use of positive influence.
  • Advanced critical thinking, analytical and problem solving skills.
  • Skillful written and verbal communication skills.
  • A high level of integrity, earning the respect and trust of peer groups.
  • CFA or FRM candidates preferred.
  • Self-motivated and willing to take ownership and initiative with a positive attitude.


The VP Risk TDS responsibility is to bring transparency to the market risks in TDS. This is achieved via taking a leadership role in the accurate, objective assessment of all key market risks in all trading portfolios in TDS through the identification, understanding and control of these risks.

Depth & Scope:
  • Serves as a point-person and provides oversight in regards to market risk control for trading desks in the Region
  • Assists in the identification of all key market risks and determine appropriate risk metrics to assess these risks
  • Maintains thorough understanding of all key risk and risk-related issues through continual review of risk reports/related data and dialogue with relevant parties
  • Establishes dialogue with TDS trading desks in regards to current positions, key risks, views and strategies
  • Assists in the establishment of formal market risk policies and procedures and ensure ongoing suitability to business evolution
  • Assists with local market risk regulatory issues
  • Develops a thorough understanding of business strategies and key factors contributing to profitability
  • Be involved in P&L attribution and periodic performance analysis with commentary linking the desks performance to specific trading strategies, positions, market conditions and underlying risks
  • Facilitates the design of appropriate stress tests and scenarios that will highlight key market risks, in specific business lines and in the firm as a whole, under stress situations and provide ongoing commentary on stress results
  • Provides periodic analysis and commentary of key market risks for senior management review
  • Keeps abreast of new risk management techniques and industry literature
  • Demonstrates governance, control and risk management behaviors in alignment with TD policies and practices
  • Ensures that execution of the Market Risk Control function is line with documented procedures specific to this role or business


Education & Experience:
  • 4 year degree in quantitative or financial field or equivalent experience
  • 7 - 10 years related analytical experience
  • Must be detail oriented and possess problem-solving skills
  • Must be able to work independently with minimal supervision and establish priorities
  • Proficient in interpersonal communication (both oral and written), and have the ability to communicate effectively with all levels of staff and management


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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