Job Information
TD Bank Risk Manager – TDS Governance & Controls – Algo Trading Risk Governance in Toronto, Ontario
Work Location :
Canada
Hours:
37.5
Line of Business:
Governance & Control
Pay Details:
We’re committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.
Job Description:
Department Overview
TDS Governance & Controls team (TDS G&C) is accountable to perform the 1B risk function (1st Line of Defense) supporting all TD Securities (TDS) businesses including Global Markets, Infrastructure, and Corporate Investment Banking (CIB).
Job Description
This role is part of Algos, Models & Business Managed Tools team within TDS G&C. The team works very closely with business heads across all Global Markets businesses, asset classes, and regions. The team is also the point of contact for key internal partners including Algo Risk Control (ARC), Model Risk, Model Validation, Compliance, Audit, and regional leadership.
The purpose of this role is to build/enhance the Algo Governance program.
Algo Governance Program – work with Algo/eTrading businesses globally while partnering with 2nd Line functions including Algo Risk Control (ARC), Compliance, Operational Risk, Model Risk Management, and Model Validation. The program covers all Global Markets businesses and asset classes including Foreign Exchange (FX), Fixed Income (FI), Commodities, and Equities. Main accountabilities include, but are not limited to:
Enhance current change management processes to increase speed to market while aligning with risk appetite and regional requirements.
Along with the ARC team, establish clear roles and responsibilities for managing Algo Trading activities across the Three Lines of Defense.
Work with businesses and Model Risk Management to complete model identification assessments for internal and external Algos.
Establish monitoring framework for Algo trading activities and setup a process to regularly review and assess monitoring tools and processes.
Work with 2nd Line partners to regularly assess the risks associated with Algo trading activities, and to establish a framework to risk assess each Algo.
Enhance the Algo Inventory including adding appropriate attributes and designing a solution to maintain the inventory (e.g. Confluence).
Evolve procedures for Issues Management including the timely identification, escalation, and remediation of Operational Risk Events, Audit Findings, and regulatory violations.
Collaborate with Global Market Supervision, business heads, Vendor Management, and ARC to improve transparency and monitoring of Third-Party owned/developed Algos.
Job Requirements
Direct experience with Algo Trading strategies in a 1st or 2nd line function (e.g. Sales & Trading, Governance & Controls, Technology, Compliance, Risk function).
Risk management and/or Governance & Controls experience within any of the Three Lines of Defense functions.
Experience in reviewing and challenging business teams around testing approach/results, approval procedures, and level of detail on information provided.
Working knowledge of capital markets asset classes (e.g. fixed income, FX, equity/FI/FX derivatives, commodities) and regulatory environment.
Strong written and verbal communication skills with the ability to build relationships at multiple levels across both 1st line businesses and enterprise partners including 2nd line teams and audit.
Advanced abilities in making decisions using a risk-based approach and articulating the rationale behind those decisions to various audiences.
Nice-to-have: experience with end-to-end capital markets operations, organizational awareness, familiarity with capital markets supporting functions (e.g. back-office operations, market risk, capital/finance functions, etc.)
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 a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more (http://www.td.com/ca/en/about-td/who-we-are/benefits-of-working-at-td)
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.
Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.
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
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you!
Language Requirement (Quebec only):
Sans Objet
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