Work Location:

Canada

Hours:

37.5

Line of Business:

Enterprise Enabling Functions

Pay Details:

We’re committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.

Job Description:

Department Overview

Ready to be the Change at TD Securities? 

We are innovators and leaders in the change management space.  Our legendary customer & colleague experience continues to guide us as we deliver enhanced technologies, processes, and capabilities to support our business & stakeholder needs. Strategic change management is a valued and evolving discipline, ready to take the organization and your career to new heights.

Job Description

The Risk, Credit, Liquidity Infrastructure Delivery Team within the TDS Data, Delivery and Integration (DDI) group is responsible for establishing and expanding market risk reporting/analytics capabilities for the dealer in support of various regulatory, industry and business-driven initiatives.  To deliver this mandate, our team partners with cross functional stakeholder groups from across TD Bank and TD Securities (TDS) including teams in Market Risk, Product Control, Front Office, Technology, Finance/Accounting, and Treasury and Balance Sheet Management (TBSM).

The Delivery Stream Lead will provide stream leadership and expertise on one or more of the following projects that comprise the Risk, Credit, Liquidity Infrastructure Project Delivery portfolio:

Fundamental Review of the Trading Book (FRTB), a set of Basel/BCBS regulatory guidelines that will dictate rules for how the bank arrives at its minimum regulatory capital requirements for its wholesale trading business.  This involves adhering to a framework to observe the regulatory boundary between trading and banking book activities, implementing the Standardized Approach methodology for calculating risk-based capital and satisfying go-live requirements across multiple jurisdictions worldwide.

Interest Rate Risk on the Banking Book (IRRBB), a BCBS/OSFI regulation requiring that a bank's non-trading market risks be adequately measured, reported and managed. The project aims to onboard key TDS portfolios onto the IRRBB framework, which involves calculation of Net Interest Income Sensitivity (NIIS) and Economic Value of Equity Sensitivity (EVES) metrics.

Risk & Capital Studio, an internally-developed market risk platform that houses methodology and scenario simulation capabilities for VaR, Stress, and FRTB reporting.  The ongoing expansion/enhancement of the platform's functional and user interface capabilities goes hand-in-hand with retiring legacy market risk calculations & systems.

Dynamic Margin & Counterparty Risk Concentration, aims to expand Dealer capabilities to trade with Hedge Fund clients by addressing existing gaps surrounding Required Margin calculations. This involves for Required Margin calculations to be automated and run multiple times a day. Required Margin should also be captured in risk calculations such as Potential Futures Exposure (PFE), Stress and XVAs, via automated data flows.

The team thrives in a highly cohesive and collaborative environment, promoting opportunities for knowledge sharing across projects and for developing broader stakeholder networks and subject matter expertise.  The scope of our delivery mandate is dynamic as it adapts to align with the firm's priorities throughout the year.  The team is a great fit for individuals with versatile project management/business analysis/technical skillsets who are motivated to overcome steep learning curves and build strong partnerships across the organization.

Job Requirements:

• Structure and manage detailed end-to-end implementation plans, holding stakeholders accountable for progressing against established scope/timelines.

• Develop a strong working relationship with technology partners, communicate effectively with developers on implementations.

• Facilitate detailed requirements discussions across stakeholder groups and promote optimal testing plan/strategies.

• Formulate recommendations regarding delivery/implementation approach after consultation with key stakeholder groups on estimated effort, resource availability, cross-program dependencies, and other implementation constraints.

• Proactively identify and manage cross-stakeholder group interdependencies.

• Ability to consume domain / subject matter expertise quickly in differing spaces in risk & valuations.

• Summarize and communicate complex problems in a summarized, effective manner to senior management.

• Dive deep into quantitative problems while working closely with subject matter experts in model and quant teams.

Qualifications/ Skills/ Experiences

• In-depth familiarity with market risk, credit and valuation concepts, technology infrastructure, and/or VaR/stress/capital methodologies obtained through previous experience in a capital markets function.

• Familiarity with trading book and banking book risk relating to either Fundamental Review of the Trading Book (FRTB) Standardized Approach or Interest Risk on the Banking Book (IRRBB) is an added asset.

• Superior organizational skills, including ability to employ systematic approach for identifying and tracking dependencies, ensuring proper resolution of outstanding items, and structuring efficient stakeholder meetings/discussions.

• Exceptional communication skills (written and verbal), including ability to formulate concise and impactful methods of communication.

• Ability to operate in an unstructured environment and demonstrated ability to consistently apply expert judgment with available information when proposing solutions/recommendations.

• Advanced data manipulation skills - ability to investigate and derive findings/conclusions from large data sets. 

• Familiarity with Python, JSON, APIs is an asset.

Education Requirements

• University degree

• CFA or FRM designation an asset.

• Strong academic foundation in mathematics / financial mathematics, statistics, finance or computer science. 

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 a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. 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.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.
 
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 
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement:

N/A.