Director - ABS Esoteric Origination

TD•New York, NY

2d•Onsite

About The Position

The Director Sales and Trading TDS develops the Banks Sales, Trading, & Underwritings in New York, ensuring positions are within approved limits while maintaining and enhancing the Banks profile and market share. This role involves liaising with other operations in New York to assist in meeting the Banks objectives, strictly adhering to firm procedures, and staying fully informed on market data, economic information, key industry developments, and regulatory standards to maximize profitability. The Director will develop and maintain contacts with market participants, practice and communicate bank policy information and strategy, and ensure transactions are documented and processed accurately and in a timely manner. A key aspect of this role is understanding and complying with TD Securities (USA) Policies, regulatory and compliance requirements, and approved Business Strategies (Strategic Business Reviews SBRs). For Traders or those in Hybrid roles, adherence to the Trading Authority Letter (TAL) and Market Risk Policies is required, along with timely trade entry and accurate position valuation. Sales or Hybrid role holders must obtain current market prices before entering binding transactions and are bound by Credit Risk Policies and procedures. Reading and understanding the Trading Supervision Standard and demonstrating governance, control, and risk management behaviors are also essential.

Requirements

Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.
Series 7 and 63.
7-10 years related experience.

Responsibilities

Develops the Banks Sales, Trading, & Underwritings in New York.
Ensures positions are within approved limits.
Maintains and enhances the Banks profile and market share.
Liaises with the Banks other operations in New York to assist in meeting the Banks objectives.
Strict adherence personally and at a desk level to the firms procedures.
Fully informed on market data, economic information and key industry developments as well as regulatory standards at all times to assist in maximizing profitability through sound and well informed decisions.
Develops and maintains contacts with market participants.
Responsible for practicing and communicating bank policy information and strategy between your product head and relevant trading personnel.
Understands and complies with TD Securities (USA) Policies, regulatory and compliance requirements, ensuring that transactions are fully documented and processed accurately and in a timely manner.
Responsible for being aware of and understanding the approved Business Strategies (Strategic Business Reviews SBRs), applicable to your business, and ensuring that all of your business dealings are in alignment with these strategies.
If a Trader or in a Hybrid role, bound by Trading Authority Letter (TAL).
If a Trader or in a Hybrid role, bound by Market Risk Policies applicable to your business and responsible for being aware of and understanding the approved Trading Strategies (associated with the respective Market Risk Policies) applicable to your business, and ensuring that all of your trading activity is in alignment with those Strategies.
If a Trader or in a Hybrid role, responsible for ensuring that trades are entered into the trading system on a timely basis and for ensuring that positions are appropriately valued.
If in a Sales or Hybrid role, must obtain a current market price from an appropriate trader, either verbally or electronically, prior to entering into a binding transaction.
Bound by Credit Risk Policies and procedures, as they apply to your business and are responsible for being aware of and understanding such policies and procedures and ensuring that trading activity is in line with those policies.
Required to read and understand the Trading Supervision Standard.
Required to demonstrate governance, control and risk management behaviors in alignment with TD policies and practices.