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VP - Risk

VP - Risk

Charlotte StaffingNew York, NY, US
1 day ago
Job type
  • Full-time
Job description

Risk Management Position

Work Location : New York, New York, United States of America Hours : 40 Line of Business : Risk Management Pay Detail : $110,000 - $160,000 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.

Department Overview

A World-Class, Diverse, Inclusive and Forward-Thinking Risk Management Team. Curious, creative, innovative, independent. Do any of these attributes describe you? If so, then you may be perfectly suited for our team. The US Non-Traded Market Risk Team (US NTMR) is a part of the Treasury Risk Oversight second line of defense organization. Treasury Risk Oversight is responsible for providing independent oversight and challenge of the Bank's capital, liquidity, and non-trading market risk (or interest rate risk in the banking book). The US NTMR mandate includes :

  • Setting the Bank's NTMR risk appetite working with the first line of defense, and developing & maintaining risk frameworks where limits are respected and consistent with the Bank's risk appetite
  • Challenge functional specifications and implementation choices to ensure that Treasury risk systems are designed to provide comprehensive, flexible, and transparent analysis and reporting features
  • Providing independent oversight over risk measures, which includes independent review, challenge, and approval of scenario designs, measurement input (e.g., assumptions, methodologies) and review of results
  • Setting the second line of defense governance structure, including the decision-making model and the roles & responsibilities of all NTMR stakeholders

Job Description

The role requires an individual with experience and / or knowledge of treasury and risk management functions at a financial institution and would benefit from experience with QRM (quantitative risk management software). The accountabilities of the role include, but are not limited to :

  • Providing effective challenge and risk management insights related to key interest rate risk measures, such as Economic Value of Equity and Net Interest Income Sensitivities.
  • Provide strategic advice on interest rate risk methodologies, scenarios, systems, and reporting, to future-proof NTMR's analytical tools and capabilities.
  • Providing in depth technical leadership and expertise in the oversight of non-trading market risk across US ALM.
  • Oversight of the QRM platform, and ownership of the second line of defense strategy for the software's use.
  • Building a maintaining strong relationship with key Business Partners.
  • Providing oversight and thought leadership to reporting and governance controls including implementation and change controls of measurement input through expertise and highly specialized knowledge of analytical concepts and techniques.
  • Understanding the requirements of Interest Rate Risk in the Banking Book (IRRBB) standards and their implication to the Bank.
  • Proactively build awareness of key risk issues by educating business leaders and providing training to the team.

    • Depth & Scope

    The role also includes :

  • Serving as a point-person and providing oversight in regards to market risk control for trading desks in the Region.
  • Assisting in the identification of all key market risks and determine appropriate risk metrics to assess these risks.
  • Maintaining thorough understanding of all key risk and risk-related issues through continual review of risk reports / related data and dialogue with relevant parties.
  • Establishing dialogue with TDS trading desks in regards to current positions, key risks, views and strategies.
  • Assisting in the establishment of formal market risk policies and procedures and ensure ongoing suitability to business evolution.
  • Assisting with local market risk regulatory issues.
  • Developing a thorough understanding of business strategies and key factors contributing to profitability.
  • Being 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.
  • Facilitating 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.
  • Providing periodic analysis and commentary of key market risks for senior management review.
  • Keeping abreast of new risk management techniques and industry literature.
  • Demonstrating governance, control and risk management behaviors in alignment with TD policies and practices.
  • Ensuring that execution of the Market Risk Control function is line with documented procedures specific to this role or business.

    • Education & Experience

    The ideal candidate will have :

  • 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

    • 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.

    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

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    Vp Risk • New York, NY, US