Manager, Market Risk Measurement

1 week ago

Toronto, Ontario, Canada TD Bank Full time
408083BR

Finance / Accounting

Toronto, ON

May 2, 2023

Company Overview

Department Overview


The Treasury and Balance Sheet Management (TBSM) department of TD Bank is responsible for overseeing the management of TD Bank's Canadian and US P&C: non-trading market risk, consolidated liquidity risk and consolidated capital position.


Culture:

TBSM prides itself on fostering a culture which focuses on development, open mindedness, sharing team successes, partnerships & value add initiatives.

Emphasis is especially placed on developing our people by fostering a teaching culture & valuing diversity.

  • The Balance Sheet Measurement and Projects team [BSMP] is a centralized function in TBSM responsible for completing all measurement activities relating to Non-Trading Market Risk (NTMR) and Funds Transfer Pricing (FTP)

The mandate includes:

  • Ensuring the accuracy, completeness and timeliness of all measurement activity contributing to the reporting from the Balance Sheet Management group. As a centralized function in TBSM, the team is responsible for driving measurement activities that provide insights on the Bank's Segment reporting NII and NIM results and Non-Trading Market Risk Positions
  • Ensure accuracy, completeness and timeliness of measurement activity that contributes to the reporting to our front office traders, Finance partners, Product Partners, Risk Management, Board, Financial Disclosures and Regulators.
  • Building a bestinclass measurement & analytics infrastructure and oversight of the Non-Trading Books and Funds Transfer Pricing processes.
  • Putting in place bestinclass governance processes to ensure accuracy of results.
  • Ensuring all project work that impacts the broader Balance Sheet Measurement and Analytics team [BSMA] are executed in a timely manner with effective management of resources across partner projects, internal TBSM projects and major implementations.
  • Develop and foster relationships with stakeholders across the bank, including other Finance functions, 2nd line and 3rd line risk functions.
  • Effectively communicating our results, insights, and project delivery impacts to our stakeholders

Job Description:

Key Responsibilities of this position include:

  • Manage the end-to-end TBSM asset and liability market risk management initiatives and projects to ensure the financial position risk metrics are accurately and completely generated.
  • Maintain a good understanding of the IRRBB (Interest Rate Risk in the Banking Book) framework, the financial products valuation and its modelling choices and parameter assumptions.
  • Ensure that all modelling, assumptions and limitations are understood, documented and approved for the banking book.
  • Liaise closely with the Technology Support and Data Governance team to proactively resolve process/data issues and ensure strong internal process controls.
  • Act as the MRMA point of contact internally during the TBSM risk system code release cycle to review the release regression testing results to ensure the impacts are well understood.
  • Execute infrastructure changes with regards to implementation of new/revised framework, new products or processes and ensure that changes are executed in accordance with internal change control procedures and EUC standards.
  • Display a thorough operational understanding of TBSM systems (eg: Canoe, Tableau) including change management process.
  • Foster and maintain effective working relationships with business partners
  • Understand and comply with TD Policies, regulatory and compliance requirements
LI-Hybrid

Requirements:

  • Postsecondary degree
  • MBA, CFA considered assets

Familiarity with:

  • Principles of asset/liability management, capital markets, and how Treasury deliver value
  • Superior understanding of capital market instruments including bond and interest rate derivatives.
  • Superior understanding of risk measurement and valuation concepts (cash flow, PV, IRR, duration, convexity, etc.).
  • TBSM processes and how they interconnect considered an asset
  • The features and characteristics of retail banking products

Experience with:

  • Coordinating cross functional teams to deliver key initiatives
  • Managing projects, gathering & analyzing business requirements and explaining requirements to system developers
  • Mappingout/reengineering processes and workflows, including associated change management
  • Communicating with all levels of the organization, including senior management
  • Simplifying complex concepts and business results in terms understandable by audiences with varied backgrounds & seniority levels

Competencies and Personal Qualities:

  • Excellent interpersonal and communication skills
  • Selfstarter with a proven ability to meet deadlines, own initiatives, and work effectively under minimum supervision.
  • Able to multitask while maintaining attention to detail with tight timelines.
  • Demonstrated strong critical thinking, problem solving and analytical abilities
  • Approach resp

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