Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Risk Management

Pay Detail:

$110,000 - $160,000 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:

Job Title: Manager, Operational Risk Management

Job Level: Level 10

Business/Product Group: TD Securities US Operational & Enterprise Risk Management

Location: New York, United States of America

Department Overview

TDS US Enterprise & Operational Risk Management is responsible for building organizational capability to manage operational and enterprise risk on an integrated and comprehensive basis across the TD Securities footprint in the United States and for promoting a strong risk culture across the region.

TDBG applies a Three Lines of Defense model to risk management as defined in the Enterprise Risk Framework. As part of the second line of defense, the team ensures the appropriate adoption of (or applicable components of) the TD risk management framework across the TD Securities US footprint.

TDS US E&ORM is part of the TD Securities & Treasury Operational Risk Management team and collaborates with a broad network of business and risk management practitioners and other corporate functions globally, including the TDGUS Operational and Enterprise Risk Management function and the Europe and Asia-Pacific Operational and Enterprise Risk Management function.

Job Description

The team's objective is to help business partners proactively identify and assess risk inherent to their processes, assess their controls, and help mitigate the risk of potential business disruptions as well as revenue and reputational loss resulting from inadequate or failed internal processes / systems, human activities, or external events.

This opportunity requires you to independently guide and challenge the business’ implementation of and ongoing compliance with, the TD Bank Operational Risk Management Framework and the TD Group US Operational Risk Management Framework in TD Securities wholesale operations in the US, in line with Group and regulatory requirements. The successful candidate will be a strong communicator, with both written and visual presentation skills, and with a demonstrated ability to work across the organization on high-profile regulatory deliverables. 

This position will appeal to a motivated individual who is comfortable working in an evolving environment, has excellent relationship management, analytical and communication skills, is prepared to identify and take on new challenges, can deliver a high level of quality, and can work well with the broader team, within Risk and outside of Risk, and across different jurisdictions. The successful candidate will gain a wide perspective of TDS and exposure to several risk, business, and corporate function groups.

Role-specific Responsibilities

Support the implementation of Operational Risk frameworks, policies, standards, and procedures in coordination with the TD Bank Group and TD Group US Holdings risk programs.

Provide thought leadership in relation to Operational Risk Management and governance, including:

Analysis of information and risk data across programs and operational risk types to identify, assess, and report on the current and forward-looking risk profile.

Development and coordination of operational risk reporting to management- and Board-level committees.

Identification and implementation of development opportunities to enhance operational risk reporting in line with Group requirements and regional demands.

Leading the completion, maintenance and updating of operational risk program information and documentation to meet both internal (e.g., Internal Audit) and regulatory requirements.

Lead the effective challenge of a broad spectrum of Operational Risk Management programs and activities in the region, including risk and control self-assessments (RCSAs), key indicators (KIs), risk appetite measures, operational risk events and change risk assessments (CRAs).

Analyze information and risk data across programs and sub-risk types to identify, assess, and report on the current and forward-looking operational risk profile.

Coordinate the setting of operational risk appetite for TDS US entities and develop quarterly monitoring against agreed measures, capture in Risk Management Committee and Board reporting, and escalation as appropriate.

Manage from an operational risk perspective any interactions with internal stakeholders such as Internal Audit, industry stakeholders such as financial trading platforms, and financial regulators such as the OCC and FRB.

Lead operational risk programs such as scenario analysis from a TDS US perspective.

Maintain awareness of emerging issues, trends and the evolving regulatory requirement and assess the potential impact to TDS.

Support the TDS US ORM team and TDS US Chief Risk Officer as required for ORM and broader risk initiatives.

Skills & Requirements

Undergraduate degree or technical certificate with relevant experience in the management operational risk.

Demonstrates a deep understanding of operational risk management and an ability to apply a strategic lens to operational risk management across multiple entities.

Brings strong knowledge of the banking and capital markets landscape and can support complex regulation-driven projects that apply the Risk Management mandate.

Skilled at breaking operational risk management concepts down to educate and evolve the understanding of risk management across the organization.

An excellent communicator adept at relationship management and engaging multiple stakeholders across multiple jurisdictions.

Has an exceptional ability to write and verbalize risk narrative for different audiences at a functional and regional level including translating project requirements into actionable deliverables.

Strong business office skills - Microsoft PowerPoint, Excel, Word, Visio, Power Platform

Strong organizational skills with excellent attention to detail - ability to manage several deliverables across the spectrum of banking and capital markets and support existing BAU practices.

Risk Management Responsibilities

Responsible for identifying and reporting operational risk events in accordance with policy.

Responsible, along with all colleagues, to contribute in a positive way to TD's reputation and the management of reputational risk. Every employee is expected and required to follow ethical practices at all times, including compliance with applicable policies, legislation and regulations and support positive interactions with TD's stakeholders including clients, industry bodies, industry participants, public bodies, regulators and vendors.

Responsible for good conduct and for contributing to the identification and management of conduct risk within their team and function.

TD Policy Requirements

It is your responsibility to demonstrate that you are fully aware of and adhere to internal TD Policies that relate to you, your business or other businesses for which you have any level of responsibility.

It is your responsibility to read, understand and comply with TD's Code of Conduct and Ethics (Code) and corresponding regulations. The Code establishes the standards that govern the way we deal with each other, our customers, shareholders, governments, regulators, suppliers, competitors, the media, and the public at large. You will be notified of changes to policies in a timely manner through announcements and/or intranet updates.

You must act with integrity and due skill, care, and diligence in carrying out your duties. Your actions should always be able to satisfy high standards of scrutiny.

Management should be kept fully informed at all times of all Regulatory and Compliance issues. You must deal with TD Management, Compliance, regulators, and all control functions in an open and cooperative way and must disclose appropriately any information which TD Management, Compliance, regulators, or control functions would reasonably expect to know.

You must ensure that you are fully aware of your management reporting lines and escalation procedures.

If you are a Manager/Supervisor, you are also responsible for ongoing and effective supervision of the employees under your direction and ensure their adherence to regulatory requirements. You will promptly report to TD Management and Compliance any violation or possible violation of such regulatory requirements identified as part of your supervisory responsibilities.  

You must take reasonable steps to demonstrate that you exercise due skill, care, and diligence in managing and/or delegating your responsibilities outlined, appropriately.

It is your responsibility to be fully aware of:

The scope of your management responsibilities.

The TD policies and regulatory requirements pertaining to the business/activities you are managing.

The competence level of the staff, if any, reporting to you.

The control limits and your ability, if any, to delegate them within your business.

Demonstrate that you receive adequate and appropriate management reporting.

TD Framework & Culture

The TD Framework is the foundation that helps guide the behavior and shape the culture of the business. It outlines the vision, purpose, and the shared commitments that will help TD grow into the future.

Simply, it's about what TD sets out to do every day, and how we'll get there. The TD Framework is inspiring, yet easy to incorporate into the work they do. Most importantly, it has no borders – the Framework applies to everyone at TD, no matter what business, level, or location.

The shared commitments are the behaviors that differentiate them and help guide the way we run the business, grow as leaders, and support their colleagues. We use these commitments throughout the Bank to help set objectives, evaluate performance, reward, and recognize our colleagues and build the skills and capabilities they need to continue to succeed as an organization.

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected, and supported. We are dedicated to building a workforce that reflects the diversity of their customers and communities in which they live and serve.

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

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 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 USWAPTDO@td.com.  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.