Head of Market Risk

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Risk Management

Pay Detail:

$200,000 - $300,000 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:

The Head of Market Risk, Global Interest Rates Coverage leads the team that provides oversight of market risk for all Interest Rates and Structured risks globally. This role is responsible for identifying key market risks and instituting appropriate risk metrics to assess and manage these risks.

• Leads the team that provides oversight of market risk for all Interest Rates and Structured risks globally.
• Responsible for identifying key market risks and instituting appropriate risk metrics to assess and manage these risks.
• Maintains thorough understanding of all key risk and risk-related issues through continual review of risk reports/related data and dialogue with relevant parties.
• Establishes dialogue with TDS trading desks regarding current positions, key risks, market views and business strategies.
• Establishes and maintains market risk policies and procedures governing how the business produces and manages market risk, including setting and approving risk limits.
• Develops a thorough understanding of business strategies and key factors contributing to profitability.
• Responsible for reporting and management of Interest Rate risk, globally.
• Brief senior management on key risks and works with trading desks on effective risk mitigation strategies.
• Regular engagement with global regulators, including OSFI & FRB.
• Works closely with Product Control to understand drivers of P&L and analyzes desks performance.
• Analyzes all key risk and capital related measures including VaR, FRTB etc. and works with desks to optimize capital.
• Facilitates the design of appropriate stress tests and scenarios at asset class, business line and Firm level
• Provides analysis and commentary of key market risks across stress and capital measures for senior management review.
• Keeps abreast of new risk management techniques and industry literature.
• Demonstrates governance, control and risk management behaviors in alignment with TD policies.
• Effective business leader with experience leading high-impact and diverse teams.
• Discretionary authority to approve outside of policy limits
• Talent management/people development
• Recommend market risk policy to VP, Head of Market Risk & Counterparty Analytics

Requirements:

• 10+ years of industry and relevant experience
• Bachelor's degree or equivalent required
• Masters in Mathematics, Science or Finance/Economics preferred
• Expert market knowledge across interest rates and structured markets and businesses, globally
• Experience in leading teams of subject matter experts across levels and geographies
• Track record of effective talent management and development
• Possesses quantitative expertise across a variety of domains
• Expert at risk analysis and risk assessment
• Have stature and creditability to provide effective challenge to risk takers and business heads
• Collaborate with business partners to find appropriate solutions to market risk challenges
• Demonstrate balanced judgment in making risk decisions
• Is able to communicate risk decisions clearly and transparently

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 [email protected].  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.