Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Risk Management

Pay Detail:

$175,000 - $215,000 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:

Job Posting Title

Director, Trading Market Risk Stress Testing and Scenario Design

Job Description Summary

Lead, develop, and oversee a broad, highly specialized, and diverse team of Market Risk professionals who provide leadership in ensuring all significant market risks are appropriately understood, analyzed and measured against TD's risk appetite.

Provides effective challenge, oversight, and outcomes, while operating within the Bank's risk appetite. Acts as a thought leader for the evolution of the Trading Market Risk Stress Testing framework, scenario design, methodology and capabilities.

Job Description

KEY ACCOUNTABILITIES

Stress Scenario Design

Lead the Market Risk stress testing program, including oversight and maintenance of stress testing scenarios and processes.

Lead activities to develop and enhance stress testing methodologies.

Lead various stress testing initiatives, including Dodd-Frank Act Stress Test (DFAST), Enterprise-Wide Stress Testing (EWST), Macro Stress Test (MST) in addition to ad-hoc analysis and commentary to assess emerging risks.

Facilitate key strategic discussions to evolve the stress testing framework and provide thought leadership to executive audience (output may include strategic roadmap and/or deliverables/ frameworks/ short to long-term goals, technological capabilities etc.).

Analyze new product requests to ensure that market risks and valuation are well understood, and that appropriate stress measures are in place.

Reporting and Analysis

Summarize findings, including drivers and attribution of results.

Provide analytical expertise on trading market risk related activities, providing effective challenge while supporting business growth within TD Securities' risk appetite.

Maintain thorough understanding of all key risk and risk-related issues through continual review of risk reports/related data and dialogue with relevant parties.  Ensure that all risks are transparent to Risk Management, Business Leaders and Senior Management.

Participate in industry calls and collaborate with peers across other financial institutions.

Monitor the effectiveness of strategies, programs, and practices and identify areas for improvement.

Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts.

Team Management

Lead a high performing team; provide on-going feedback and performance reviews, coach and develop employees.

Meet requirements of emerging Enterprise standards and policies.

Support an environment where team is empowered to escalate issues. 

Foster an environment that promotes innovation, creative thinking, problem solving and collaboration.

Interact with the stakeholders across the organization including Front Office, Finance, Model Development, Technology, Economics department, Internal Audit and various other control groups.

EXPERIENCE & EDUCATION

Advance degree in Finance, Economics, Mathematics or other relevant discipline.

10+ years of relevant experience in Capital Markets, Market Risk or related control functions.

Prior experience with stress scenario design and analysis.

Prior experience in managing complex infrastructure changes is an asset.

Strong communication skills with the ability to build relationships with cross functional teams and stakeholders at multiple levels.

Robust organizational skills with the ability to work in a demanding environment and handle multiple deadlines and priorities.

Advanced critical thinking, analytical and problem-solving skills.

Experience working with data analysis and visualization tools.

Knowledge of regulatory and compliance requirements in the financial industry.

Results-driven mindset with a focus on delivering business outcomes.

______________________________________________________________

The Director Risk TDS is primarily accountable for providing a comprehensive and diverse range of risk management expertise to business leaders and implementing appropriate risk frameworks and leading related management activities to mitigate enterprise or business wide risk exposures for key business segment of the Bank or functional area

Depth & Scope:

Generally an expert at the enterprise or group business level, requiring broad managerial and deep specialized knowledge of risk management issues at the enterprise, business, regulatory and industry levels

Acts as the primary regulatory interface on risk issues and requirements for a key business segment of the Bank and assesses and provides direction for existing and new regulations

Manages or oversees a number of major risk area requirements such as Credit, Operational, Regulatory and/or Market Risk or related programs that are enterprise-wide or cross multiple business segments (e.g. Basel credit project, SOX, Stress Testing etc.)

Represents business on corporate initiatives and identifies key risks and implications and provides direction in complex situations

Works with various regulators, business / corporate and pan-wide business support groups to deal with regulatory and cross-business level issues

Education & Experience:

Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.

Series 7, 79 and 63

7-10 years related experience

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.

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more
 

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

TD Bank is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com.  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.