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:
Reporting to the Head of Market Risk, XVA & Capital Optimization Desk Coverage, this Level 10, Market Risk Specialist's accountabilities include:
- As a senior member of the Market Risk team, provide effective market risk oversight of the xVA desk.
- Develop a strong independent view of current market conditions, the market risk of the desk's positions, as well as xVA methodology.
- Maintain close contact with TDS Front Office, including business heads and senior traders regarding trading strategies, market conditions, risk positions, liquidity, profit and loss, and new initiatives.
- Work closely with the team to promote collaboration and to provide insight and education with respect to the trading businesses.
- Develop market risk policy for the relevant trading business with the objective of providing effective market risk oversight. Design stress tests and scenarios that highlight key market risks.
- Maintain an understanding of the regulatory landscape related to risk reporting and xVA (e.g., CVA Capital and FRTB) and provide data analysis to facilitate discussion with Trading Desk.
- Analyze new product requests to ensure that market risks are well understood and that appropriate market risk limits and controls are established.
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- Effectively communicate risk issues to all levels of the Risk Management organization, other control groups and the front office.
- Provide coaching and mentorship within Market Risk team.
Job Requirements:
- Minimum of five years of market risk or trading experience
- Deep capital markets knowledge with expertise in market risk and control functions covering derivatives, sales/trading/hedging strategies with a particular focus on XVA and CCR.
- Solid understanding of risk measurement concepts and methodologies including VaR, FRTB, SA-CVA, Stress Testing etc. coupled with an understanding of broader regulatory and financial concepts.
- Excellent interpersonal, team building and leadership skills.
- Undergraduate or graduate degree in Finance, Economics, Mathematics, or other relevant discipline.
- Ability to thrive within an environment with a high level of complexity and ambiguity. Keen interest in learning and a high level of curiosity regarding financial markets and products.
- Organizational awareness and demonstrated relationship building skills, with a superior ability to make things happen through the use of positive influence.
- Advanced critical thinking, analytical and problem solving skills.
- Skillful written and verbal communication skills.
- A high level of integrity, earning the respect and trust of peer groups.
- CFA or FRM candidates preferred.
- Self-motivated and willing to take ownership and initiative with a positive attitude.
____________
The VP Risk TDS responsibility is to bring transparency to the market risks in TDS. This is achieved via taking a leadership role in the accurate, objective assessment of all key market risks in all trading portfolios in TDS through the identification, understanding and control of these risks.
Depth & Scope:
- Serves as a point-person and provides oversight in regards to market risk control for trading desks in the Region
- Assists in the identification of all key market risks and determine appropriate risk metrics to assess 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 in regards to current positions, key risks, views and strategies
- Assists in the establishment of formal market risk policies and procedures and ensure ongoing suitability to business evolution
- Assists with local market risk regulatory issues
- Develops a thorough understanding of business strategies and key factors contributing to profitability
- Be 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
- Facilitates 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
- Provides periodic analysis and commentary of key market risks 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 and practices
- Ensures that execution of the Market Risk Control function is line with documented procedures specific to this role or business
Education & Experience:
- 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
- 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 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, prov
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