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.
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Job Description:
Head of Market Risk – US Prime Brokerage
We are seeking a highly experienced and strategic Head of Market Risk to lead risk oversight for our US Prime Brokerage business. This role is critical in shaping and executing the firm’s market risk framework, ensuring robust governance, and enabling informed business growth through disciplined risk management.
What You’ll Do
- Own and evolve the market risk framework, including margin and gap risk methodologies, ensuring they remain forward-looking, scalable, and aligned with the firm’s risk appetite.
- Lead end-to-end oversight of market risk across the US Prime Brokerage platform, identifying emerging risks and implementing best-in-class analytics and metrics.
- Partner closely with Counterparty Credit, Counterparty Analytics, and Trading teams to deliver comprehensive risk coverage and a unified view of exposures.
- Act as a trusted advisor to trading desks, providing insight into positions, market dynamics, and strategic risk considerations.
- Drive risk governance, establishing and maintaining policies, procedures, and controls that underpin effective risk identification and management.
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- Translate complex risk insights into action, briefing senior leadership on key exposures and influencing risk mitigation strategies.
- Engage with regulators, ensuring transparency, compliance, and alignment with evolving regulatory expectations.
- Lead stress testing and scenario analysis, designing robust frameworks across products, business lines, and firm-wide environments.
- Embed a risk-aware culture, fostering strong dialogue across stakeholders and promoting proactive risk management practices.
What You Bring
- Bachelor’s degree required; advanced degree in Mathematics, Finance, Economics, or a related field—or CFA designation—strongly preferred
- 10+ years of deep market risk experience, ideally within Prime Brokerage or a complex trading environment
- Proven ability to lead and develop high-performing teams, with a strong track record in talent management and mentorship
- Expertise across asset classes and a strong understanding of market structure and risk drivers
- Exceptional communication skills, with the ability to clearly articulate risk decisions and influence senior stakeholders
- Collaborative mindset, with demonstrated success partnering across front office, risk, and analytics functions
- Strategic thinker with the ability to balance risk discipline with business enablement
_____________
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.
- 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 strive to make every interaction, product and experience remarkably human and refreshingly simple. 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.
Together, we are reimagining what banking can be for our clients, colleagues and communities.
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 prog
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