Director - Finance, Group Manager

TD • New York, NY

10d • $190,000 - $210,000 • Onsite

About The Position

The Director - Finance, Group Manager, TDS oversees a team of Business Finance professional roles that provide strategic financial analysis, insights, decision support and/or reporting results and/or provide guidance and advice to various internal and external stakeholders. This senior manager is accountable for ensuring accurate and timely reporting for the income statement and balance sheet for Global Equities Derivatives businesses in TD Securities. This role will liaise with Front Office, Information Technology, Risk, Finance and other control functions and key stakeholders. Acting as key advisor to the front-office, Risk, Finance, and other key stakeholders for the coverage businesses, providing insight and analysis of the financial results. 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 strive to make every interaction, product and experience remarkably human and refreshingly simple. 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. Together, we are reimagining what banking can be for our clients, colleagues and communities.

Requirements

• Strong financial and business acumen
• Skilled relationship manager with developed management and collaboration skills to work with a variety of stakeholders
• Ability to lead and influence
• Promote a positive work environment that encourages teamwork, productivity, innovation, creativity, analysis, and advice.
• Demonstrate resiliency in the face of new problems and/or challenges while adapting quickly to change
• Adhere to relevant compliance, professional standards, and regulatory and bank policies
• University degree with a professional accounting/finance designation (i.e., CPA, CFA, CMA) or an MBA is an asset
• 10+ years' experience in Product Control preferred specific experiences in Equity Derivatives and Equity Financing businesses in a large financial services organization
• People Management experience leading large teams
• Undergraduate degree
• 10+ years of relevant experience
• Accounting or financial designation preferred
• People Management experience

Nice To Haves

• University degree with a professional accounting/finance designation (i.e., CPA, CFA, CMA) or an MBA is an asset
• Accounting or financial designation preferred

Responsibilities

• Manage a team of talented controllers supporting the P&L validation processes and P&L attribution metrics for Volcker Reporting.
• Responsible for key controls and sox controls review and sign off.
• Accountable for the accuracy of P&L and Balance Sheet through robust substantiation.
• Inform senior management and key stakeholders of any significant irregularities.
• Review and approve new product and material business changes.
• Identify opportunities to improve/streamline processes leveraging AI technology.
• Proactively monitor all operational issues pertaining to the trading portfolios assigned.
• Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required.
• Oversees a team of Finance professionals for key business segments or a significantly large part of the organization.
• Integrates knowledge of the enterprise function’s or business segment’s overarching strategy in leading program design, policy formulation or operating standards within one or more areas of expertise.
• Anticipates emerging business trends and regulatory/risk issues as a basis for recommending large-scale product, technical, functional or operations improvements.
• Develops and maintains good relationships with internal Finance business/specialized Finance partners and other stakeholders.
• Effectively communicates relevant/meaningful recommendations on a range of finance management issues or related operational processes to all levels within the organization.
• Ensures team collaboration with partners on business problems/issues and provides fact-based analytical advice that aligns to strategy and drives shareholder value.
• Liaises and effectively interacts with internal/external auditors/regulators where applicable and ensures appropriate action is taken where required.
• Acts as subject matter expert as practice resource lead for own area and provides guidance/advice and recommendations to support dealings with internal/external partners.
• Contributes to the analysis, due diligence and execution of potential business restructures, acquisitions, joint ventures and/or divestitures within own area of responsibility and ensures appropriate Finance areas are involved where necessary.
• Develops and/or assesses significant business cases/new initiatives applying expertise and ensuring criteria for own area are met (e.g., taxation, accounting practices, forecasted rates of return, evaluate outcomes, test assumptions, interface with others for appropriate input, identify benchmarks).
• Manages/coordinates client requests for finance support and/or reports, ensuring that solutions balance and address business partner needs with overall Finance capabilities.
• Provides range of strategic support through teams assigned on portfolios/journeys, and provides relevant Finance insights/expertise and guidance to the program.
• Participates on internal/external committees as appropriate to provide advice/counsel to business/finance partners and/or represent TD's interests.
• Plans resources and executes on strategic resourcing/professional practice related activities, reviews and communicates team results, and adjusts methodologies/curriculum accordingly.
• Leads/supports the execution on the annual business plan to deliver results aligned with internal and/or partner business strategy.
• Manages overall budget, revenue and expenditures, to help meet business objectives while increasing efficiency and effectiveness.
• Leverages data systems and various sources to ensure team is equipped to formulate well defined solutions to solve business problems.
• Proactively identifies key business opportunities, research and recommends enhancements/modifications, develops strategies to achieve recommendations and works closely with team to execute and implement.
• Monitors and communicates the effectiveness of strategies, programs, and practices related to own area of expertise.
• Protects the interests of the organization – identifies and manages risks, and escalates non-standard, high risk transactions/activities as necessary.
• Identifies/recommends/supports the facilitation and/or implementation of action/remediation plans to address performance/risk/governance issues.
• Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts.
• Maintains a culture of risk based management and control, supported by effective processes in alignment with risk appetite.
• Ensures colleagues are knowledgeable; and assumes responsibility to minimize operational and regulatory risk by complying with Bank and industry Code of Conduct.
• Cultivates and models the Colleague Promise to support colleague growth, and a culture of care; makes an impact at work and in our communities by leading with authenticity and supporting well being to represent TD's brand.
• Connects the alignment of colleague's contributions with the TD Shared Commitments.
• Builds and retains an engaged and diverse team that embraces diversity of thought, creativity and curiosity; where every colleague and customer are valued, respected, and listened to; committed to a common goal and collaborate to move with speed and get things done.
• Demonstrates inclusive leadership by taking meaningful action with intention to support colleagues and customers across all dimensions of diversity, including those from underrepresented communities, being actively anti-racist, attracting and retaining diverse slate of candidates, nurturing mutual respect, inclusivity of thought and collaboration to drive successful results.
• Sustains, identifies strong talent, recruits and develops a diverse talent pipeline of qualified workforce to innovate and maximize individual strengths to lead to a better business outcome.
• Enables colleague growth by encouraging colleague development to achieve career and business objectives; ensuring timely feedback, motivating appreciation and recognition to all colleagues.
• Enables a continuous learning culture by proactively seeking, listening to and actioning feedback from peers and from colleague listening opportunities to continuously improve the colleague experience and grow your personal leadership.
• Fosters an environment that promotes sharing of knowledge, information, skills, and subject matter expertise among the team; ensures timely management and escalation of issues and create opportunities to collaborate with other functions and teams.
• Leads your team through change and creates an environment where teams feel psychologically safe to challenge current practices by modeling resiliency and flexibility, communicating a compelling vision with clarity and empowering colleagues to drive innovation.
• Contributes to the development of business segment and/or enterprise functional strategic priorities within their operational area or field of specialty that drive results.
• Develops annual and/or long-term plans for own area that are aligned with enterprise-wide priorities, reinforcing a focus on results that align to One TD.
• Fosters a high-performance culture by setting team targets and objectives, promoting and facilitating on-going feedback/coaching and conducting Quarterly Check-Ins for all colleagues to drive accountability and business results.
• Manages employees in compliance with all human resources policies, procedures and guidelines of conduct.

Benefits

• base salary
• variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan)
• 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
• reward and recognition

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree