Short Term Assignment - VP, Regulatory and Supervisory Management, TD Securities

Work Location :

New York New York United States of America

Hours : 40

Line of Business :

Business Management Strategy & Support

Pay Detail :

$185000 - $185000 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 candidates 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 :

Short Term Assignment - 12 Month Duration

Regulatory and Supervisory Management (RSM) drives a strong culture of supervision and supervisory engagement considering industry best practice and regulatory change. The Global Markets Supervision (GMS) team partners with TD Securities Global Markets Supervisors to meet their accountabilities for the oversight of employee conduct and of market credit underwriting and operational risks. Specifically GMS facilitates a sustainable First Line Supervision framework that supports effective supervision practices and escalates key issues arising from Global Markets trading sales and origination business activities; and executes delegated supervision accountabilities on behalf of Business Line supervisors in accordance with Firm policy and regulatory requirements.

TD has been growing its US Broker Dealer activities over the last few years both organically and through acquisitions (e.g. TD Cowen) and continues to expand its product offering and client franchise across all asset classes. The successful candidate will develop an in-depth knowledge of Global Markets Supervision framework and associated policies and (review) procedures. The candidate will collaborate closely with Business Supervisors trading sales and origination teams as well as Second Line of Defense and infrastructure support teams to help manage key risks and confirm that our (Electronic Trading) and automated controls framework is operating effectively and is also fit for purpose. The role reports to the Director Global Markets Supervision (Electronic Trading) and will provide primary coverage over US E-Trading for both cash and derivatives products across various asset classes while mainly focusing on Equities and Options.

The VP Trading Business Management TDS is responsible to provide the leadership team with information reporting and support to ensure Trading operational risks are appropriately managed and adherence to internal policies / procedures and applicable regulatory guidelines is effective. This position also works with management / control function partners (e.g. Risk Legal Compliance AML and Audit) to assess risks develop and implement proactive strategies tactics and programs to effectively manage regulatory and governance issues for the Trader environment.

Depth & Scope :

Leads and manages the Trader business management functional area and overall operation of a diverse group in an area of moderate risk complexity or scope

Ensures an integrated approach with other business management areas broader organization and enterprise as appropriate

Deep knowledge and understanding of businesses / technology and organizational practices / disciplines

Focuses on short to medium-term issues (e.g. 6-12 months)

Generally reports to a Senior Manager or above

Core Accountabilities :

Scope of Supervision accountabilities cover multiple US business lines within our GM US Equities franchise including ADR US Equities Cash and Options US Sales Cross Asset Trading Institutional Equity Research Sales as well as our Prime Services offering. As such demonstrable working knowledge with the above-mentioned business and product lines will be highly desirable. Additional core responsibilities include but are not limited to :

Manage key relationships with Electronic Trading business line supervisors and serve as primary contact to advise or coordinate with key stakeholders on day-to-day supervision regulatory or business conduct matters requiring escalation.

Provide guidance on E-Trading business line Desk Operating Procedures (DOPs) and execute delegated supervisory review accountabilities in accordance with Written Supervisory Procedures (WSP).

Prepare Monthly Supervision packs for Electronic Trading and assigned business lines and lead meetings with Global Markets Supervisors to analyze key metrics / trends and review market / business conduct escalations; follow up on any action items or take-aways.

Provide Global Markets Electronic Trading Supervisors with interpretive guidance and best practices relating to key metrics and business conduct issues; accountabilities include but are not limited to :

Evaluate practical applicability of Firm policies to Electronic and automated (Algo) trading and sales activities in coordination with Compliance or relevant Risk and Control teams.

Conduct First Line surveillance and business conduct reviews.

Compile Electronic Trading management reporting on trade capture metrics regulatory scorecards policy exceptions and other ad hoc reporting as required.

Assess implications of Firm policy regulatory new business or best practice changes to the supervision framework.

Design and implement supervisory controls and procedures and more specifically those focused on Electronic Trading automated (pre-trade) controls to address regulatory and best practice requirements (e.g. SEC Rule 15c3-5 NI 23-103 MiFID RTS6).

Present technical matters in forums with Second Line of Defense (2LoD) stakeholders and drive the resolution of issues in a timely manner.

Vet and coordinate First Line responses to regulatory inquiries in coordination with Compliance Front Office RSM teams; and other support groups.

Interface with Internal and External Auditors / Examiners as needed and where required assist with remedial work efforts for any open audit and compliance (testing) findings and open gaps.

Contribute metrics to Conduct Risk Committees and Vice Chair supervision meetings as well as Co-Head directs supervisory meetings.

Execute internal control procedures in accordance with the Volcker Enhanced Compliance Program and provide guidance on Trading Desk Policies.

Assists E-Trading GMS Director with maintenance and enhancements to the US Market Access and Best Execution Framework policies and (review) procedures and facilitation of the US Market Access and Best Execution Committee meetings.

Prepare and present all required Governance Committee meeting materials and presentation decks associated with Equities and Options for the Market Access (15c3-5) Committee that meets quarterly.

Leads or a key stakeholder on Global Markets regulatory initiatives; participate in business initiatives to conduct supervision operational readiness assessments.

Participates in local committees (e.g. Algo Committee) internal / external meetings or forums as needed.

Proactively seeks opportunities for continuous improvement and process enhancements to supervision framework and procedures; assist with relevant change management process.

Education & Experience :

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

Series 7 and 63

5-7 Years of related experience

Sound to advanced knowledge of external competition industry and / or market trends in relation to own function / business

Ability to provide guidance on Business Management matters and respond to inquiries from business unit staff

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

Preferred Qualifications :

Solid background / experience working in Capital Markets / Financial Services industry across Equities asset class (including cash and derivatives) and associated business and product offerings.

An understanding in front-to-back process flows and regulatory requirements strongly preferred.

Working knowledge of US Electronic and Algo Trading rules and regulations more specifically FINRA and SEC (e.g. SEC Reg NMS SEC Reg SHO SEC Rule 15c3-5 FINRA 5310 - Best Execution Rule SRO Rules) industry best practices and supervisory requirements is highly desired.

Must be comfortable interacting with Electronic Trading & Sales teams and Desk Heads / Supervisors.

Understanding of key non-financial risk (e.g. market credit operational) concepts controls and applicability to business activities preferred.

Demonstrate ability to influence key stakeholders to achieve consensus and meet objectives.

Must have strong analytical and problem-solving skills; be detail oriented; and demonstrate initiative to follow up on items or determine appropriate steps for timely resolution.

Demonstrates ability to work independently as well as in a team environment.

Proficient with MS Office Suite including high-level competency in Excel with ability to create pivot tables macros and write / edit code in VBA preferred. Knowledge of scripting tools a plus.

Must demonstrate ability to manage multiple tasks and deadlines; and flexibility to adapt well to changing priorities.

As many of the tasks are regulatory focused reviews the ability to work with Compliance and Legal to interpret regulation or policy and assess applicability to business activities is paramount in this role.

Must be able to foster and maintain key relationships with senior Business Leaders or stakeholders.

Proactive and quick learner with ability to take on new responsibilities and prioritize workload as required.

Must have excellent verbal and written communication skills.

Knowledge of TD policies and procedures and Global Markets infrastructure a plus.

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 6500 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 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 :

Were delighted that youre considering building a career with TD. Through regular development conversations training programs and a competitive benefits plan were committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development

If youre interested in a specific career path or are looking to build certain skills we want to help you succeed. Youll 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 were committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that youve got everything you need to succeed in your new role.

Interview Process

Well 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 . Include your full name best way to reach you and the accommodation needed to assist you with the applicant process.

Required Experience :

Exec

Key Skills

Sales Experience,Marketing,Public Relations,Pricing,Sales Pipeline,Outside Sales,Strategic Planning,Social Media Management,Sales Management,Enterprise Sales,Public Speaking,negotiation

Employment Type : Full-Time

Experience : years

Vacancy : 1