Up to 1 year assignment VP, TBM-Model & Algo Risk Governance, TDS

TD Description

TD Securities provides a wide range of M&A advisory, capital markets products and services to corporate, government and institutional clients. The firm works with clients around the world, focusing selectively and strategically on the key financial centers: Toronto, Montreal, Calgary, Vancouver, New York, London, Singapore and Tokyo. www.td.com

Department Overview

Trading Business Management ("TBM") proactively supports TD Securities' Global Markets businesses to achieve sustainable strategies, supervision, operating practices and governance aligned with regulatory requirements, Bank policies and risk appetite.

The Global Markets Governance & Control (G&C) team in TBM is responsible for ensuring timely and consistent implementation, maintenance, and monitoring/testing across all Global Markets businesses for Operational Risk Management programs, major regulatory Business Control Programs, Data Governance Risk, Business Change Risk, Model Risk, and Algorithmic Trading Governance.

Job Description

The Models, Algos, and Tools team within Global Markets G&C is accountable for supporting the business in the design, implementation and sustainment of controls to manage current and emerging risk exposures in the business related to these activities. The team also partners with the business and 2nd line oversight functions as part of the overall Business Control Program for algorithmic trading and owns the process for administering the global algorithmic trading governance committee mandate and operating procedures.

TD has been organically growing its e-trading business over the last few years and recently acquired an external fixed income focused e-trading/algo trading business; and will be expanding its e-trading footprint across all asset classes across multiple regions. Initial focus will be in the Fixed Income space but will also extend into Equities markets.

The successful candidate will support the Director in the review of the risk management framework for Algo trading and play a key role in the completion of the integration activities to onboard the new business into TD, ensuring that the business meets internal and external requirements.

Job Requirements

Specific activities include:

• Completing a full risk and controls assessment of the business.
• Supporting the review and enhancement of the Algo Trading governance framework to meet the higher levels of sophistication of this e-trading platform to meet internal and external requirements.
• Establishing monitoring and testing program for measuring the business adherence to the Algo Trading governance framework
• Being a key point of contact across a wide and diverse set of stakeholders (e.g. Front Office, model development teams, Model Risk Management, Model Validation) to manage the model documentation and validation activities.

Qualifications

• Solid background working in Capital Markets with direct experience in risk identification and management
• Specific knowledge of electronic trading platforms (e.g. ATS', ECNs SEFs, process flows, etc.) and related regulations and industry best practices are an asset
• Understanding of electronic trading flows; and automated trading risks and controls
• Prior model risk and electronic trading risk and governance experience would be assets
• Must be a proactive and quick learner; have strong analytical and problem-solving skills; be detail oriented; demonstrate initiative to follow up on items or determine appropriate steps for timely resolution, possess the ability to manage multiple tasks and deadlines; be able flexibility to adapt well to changing priorities; have the ability to influence key stakeholders to achieve consensus and meet objectives; and work independently as well as in a team environment
• Must have excellent written and verbal communication skills
• Proactively identify gaps and challenge the status quo, and then develop and implement better solutions
• Experience in project delivery and strategic initiatives would be assets
• Proficient with MS Office Suite, including high-level competency in PowerPoint and Excel with ability to create pivot tables, macros, and presentations
• Position can be in Toronto or New York

Inclusiveness

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 our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach their potential.

If you are a candidate with a disability and need an accommodation to complete the application process, email the 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 application process.

EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.