Work Location:
New York, New York, United States of America
Hours:40
Line of Business:TD Securities
Pay Detail:$145,000 - $170,000 USD
TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.
As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.
Job Description:Department OverviewWithin Wholesale Finance, the
Product Control Team supports TD Securities and is responsible for providing overall end-to-end accountability for the completeness, accuracy and timeliness of optimized processes and controls for financial reporting. Product Control is the primary point of contact on P&L, Balance Sheet, Attribution, and Independent Pricing Verification & Valuation Adjustments reporting and initiatives, exercising an in depth understanding of the products, valuations, and risks of the Business. The Product Control team provides reporting, analysis, investigation, and commentary for a wide range of TD Securities business lines including equity derivatives, fixed income, credit derivatives, commodities, foreign exchange, and more.
Role SummaryThe VP, Specialized Finance Manager- Liquidity & Treasury, Product Control is responsible for independent oversight and control of the Treasury and Liquidity portfolios, including P&L production and attribution, balance sheet substantiation, valuation review, funding and investment activities, and associated financial and regulatory reporting. The role partners closely with Treasury Front Office, ALM, Market Risk, Regulatory Reporting, and Finance to ensure accurate reporting, effective controls, and sound governance of Treasury-related positions and exposures.
Depth & Scope- Highly seasoned expert requiring substantial knowledge of Treasury products, liquidity management, funding activities, and Product Control.
- Acts as the primary Product Control subject matter expert for Treasury and Liquidity portfolios.
- Leads complex investigations and resolution of valuation, accounting, reporting, and control issues.
- Provides independent challenge and oversight of Treasury activities and associated financial results.
- Leads cross-functional initiatives involving Treasury, Finance, Risk, and Regulatory Reporting.
- Uses strong analytical and technical expertise to assess balance sheet impacts, funding strategies, and financial risks.
- Influences senior stakeholders through clear communication of financial results, risks, and control matters.
Education & Experience- Undergraduate degree in Accounting, Finance, Economics, or related field.
- 7+ years of Product Control, Treasury Finance, ALM, Liquidity Risk, or Capital Markets Finance experience.
- CPA, CFA, FRM, or equivalent professional designation preferred.
- Strong understanding of:
- Liquidity management and funding products
- Balance sheet management
- Funds Transfer Pricing (FTP)
- Asset Liability Management (ALM)
- Interest Rate Risk in the Banking Book (IRRBB)
- Regulatory liquidity metrics (LCR, NSFR, NCCF)
Key ResponsibilitiesProduct Control & Financial Oversight- Own daily and monthly Product Control processes supporting Treasury and Liquidity portfolios.
- Review and explain Treasury-related P&L, balance sheet movements, net interest income impacts, and funding cost variances.
- Perform balance sheet substantiation, analytical reviews, and ledger-to-subledger reconciliations.
- Oversee valuation controls and independent review processes for Treasury portfolios.
- Investigate and resolve valuation, accounting, and reporting issues.
Treasury Partnership- Partner with Treasury Front Office, ALM, Market Risk, and Finance to provide independent oversight and challenge.
- Support management decision-making through analysis of funding strategies, liquidity positions, and balance sheet optimization initiatives.
- Provide governance over Funds Transfer Pricing methodologies and associated financial impacts.
- Support Treasury hedge programs and related accounting and reporting implications.
Risk, Regulatory & Governance- Ensure strong financial controls and governance over Treasury and Liquidity activities.
- Support regulatory and management reporting related to liquidity and funding activities.
- Assess impacts of changing regulatory requirements on Treasury reporting and controls.
- Lead remediation efforts arising from control, audit, or governance findings.
- Maintain a strong control environment aligned with risk management standards.
Leadership- Lead and develop Product Control professionals supporting Treasury and Liquidity businesses.
- Promote a culture of accountability, control, and continuous improvement.
- Drive process automation, reporting enhancements, and data quality initiatives.
Key Expertise- Treasury Product Control
- Liquidity Management
- Funding & Investment Portfolios
- Balance Sheet Management
- Funds Transfer Pricing (FTP)
- Asset Liability Management (ALM)
- Interest Rate Risk in Banking Book (IRRBB)
- Regulatory Liquidity Reporting (LCR, NSFR, NCCF)
- Valuation & P&L Controls
- Financial Controls & Governance
The VP, Specialized Finance Manager, TDS provides seasoned specialized knowledge, advice and/or guidance to various stakeholders and team members in a specialized finance function or discipline.
Depth & Scope:- Highly seasoned expert professional role requiring substantial knowledge / expertise in a complex field and knowledge of broader related areas
- Integrates knowledge of the enterprise sub-function's or business line's overarching strategy in developing solutions across multiple functions or operations
- Accountable for own work and sometimes others; acts as an escalation point or knowledge resource for others in their own area
- Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services
- Acts as a technical expert / lead integrating cross-function understanding within their own field of specialty; may manage team(s) of related specialists
- Leads cross-functional teams or projects with significant resource requirements, risk and / or complexity
- Independently manages end-to-end finance programs
- Solves or may lead others to solve complex problems; leads efforts or partners with others to develop new solutions
- Uses sophisticated analytical thought and technical knowledge to exercise judgement and identify solutions
- Impacts the achievement of sub-function or business line objectives within the area they are accountable for
- Communicates difficult concepts; converts information to compelling business context and advice; influences and gains alignment across increasingly senior stakeholders
- Works autonomously as the lead and guides others within area of expertise
Education & Experience:- Undergraduate degree and/or
- 7+ years of relevant experience preferred
- Accounting, financial or relevant professional designation preferred
Customer Accountabilities:- Focuses on comprehensive reviews, specialized analysis, audits and/or initiatives and a variety of complex projects and initiatives requiring seasoned specialist knowledge and/or the integration of cross functional processes within own area of expertise
- Facilitates integration of several key functional areas and/or business lines in dealing and solving highly complex financial management/ specialized accounting / taxation / audit / regulatory reporting and operational issues
- Acts as the primary interface with Finance partners /leaders and external parties
- Acts as key contact and expert within area of expertise for the development, design and delivery of effective accounting/ taxation processes, policies, programs and advice
- Maintains awareness of changing legal/regulatory requirements and practices within the industry and consults with policy/process owners within Accounting/ Taxation to ensure compliance
- Engages, manages and influences internal/external cross-functional partners to develop/deliver integrated solutions
- Accountable for the development and delivery of broad enterprise wide accounting/ taxation policies and initiatives, which may have significant regulatory components
- Creates business cases and innovative recommendations
- Executes on diverse and complex policies, implements and develops activities and tools for businesses. Supports financial strategy and management activities
Shareholder Accountabilities:- Adheres to enterprise frameworks or methodologies that relate to activities for our business area
- Ensures respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities
- Consistently exercisse discretion in managing correspondence, information and all matters of confidentiality; escalates issues where appropriate
- Ensures business operations are in compliance with applicable internal and external requirements ( e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
- Participates in cross-functional / enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations
- Conducts internal and external research projects; supports the development/ delivery of presentations / communications to management or broader audience
- Conducts meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices
- Monitors service, productivity and assesses efficiency levels within own function and implements continuous process / performance improvements where opportunities exist
- Leads / facilitates and/or implements actions / remediation plans to address performance / risk /governance issues
- Actively manages relationships within and across various business lines, corporate and/or control functions and ensures alignment with enterprise and/or regulatory requirements
- Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts
- Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite
Employee/Team Accountabilities:- Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues/ points of interest
- Provides thought leadership and/ or industry knowledge for own area of expertise in own area and participates in knowledge transfer within the team and business unit
- Keeps current on emerging trends/ developments and grow knowledge of the business, related tools and techniques
- Participates in personal performance management and development activities, including cross training within own team
- Keesp others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
- Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.
- Leads, motivates and develops relationships with internal and external business partners / stakeholders to develop productive working relationships.
- Contributes to a fair, positive and equitable environment that supports a diverse workforce
- Acts as a brand ambassador for your business area/function and the bank, both internally and/or externally
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.
