Director - U.S. Non-Trading Market Risk Management TDS (US)

TD Bank•Charlotte, NY

2d•$170,000 - $210,000•Onsite

About The Position

The Director, Non-Traded Market Risk provides independent oversight and challenge of the Bank’s interest rate risk profile, investment portfolio strategy, and associated hedging activities. As a key second-line-of-defense leader, the Director ensures interest rate and investment portfolio risks are identified, measured, monitored, and managed in accordance with the Bank’s risk appetite and regulatory expectations. The role works closely with Treasury, Finance, Model Risk Management, Credit Risk Management, and other Risk partners to support sound risk governance and management practices. The Director leads associates and vice presidents responsible for independent oversight of non-traded market risks, including investment portfolio risk. The role evaluates portfolio performance, exposures, balance sheet strategies, and hedging effectiveness; assesses regulatory developments and their effects on the risk framework; and escalates significant concerns, emerging risks, and limit breaches. It also supports regulatory examinations, audits, and supervisory engagement, communicates risk positions and recommendations to senior leaders and governance committees, and provides independent challenge and subject-matter expertise while maintaining constructive relationships across the organization. The position is based in New York, New York, with a stated 40-hour workweek. The listed base salary range is $170,000–$210,000 USD. The base pay offered may vary based on skills, experience, job-related knowledge, location, and business and organizational needs.

Requirements

Bachelor’s degree in Finance, Economics, Mathematics, Statistics, Accounting, or a related field.
10+ years of experience in Treasury, Asset Liability Management (ALM), Interest Rate Risk Management, Non-Traded Market Risk, Market Risk, or related disciplines.
Strong understanding of Interest Rate Risk in the Banking Book (IRRBB), balance sheet management, and treasury risk management investment practices, including investment portfolio asset classes such as MBS, CLO, and CMBS.
Experience evaluating interest rate risk measurement methodologies, behavioral assumptions, and hedging strategies.
Strong analytical, critical-thinking, and problem-solving skills.
Excellent written and verbal communication skills, including experience presenting to senior executives and governance committees.
Demonstrated ability to challenge effectively while maintaining strong stakeholder relationships.
Ability to lead with integrity and sound judgment while maintaining an independent risk perspective.

Nice To Haves

Advanced degree (MBA, Master’s, or equivalent).
Professional designation such as CFA, FRM, or PRM.
Familiarity with U.S. regulatory guidance and expectations related to interest rate risk and asset-liability management, including Reg YY, SR 10-1, SR 96-13, and related supervisory guidance.

Responsibilities

Lead a team of associates and vice presidents providing independent oversight of the Bank’s non-traded market risks, including investment portfolio risk.
Review and challenge portfolio performance and risk exposures across economic value, earnings sensitivity, capital at risk, spread risk, and valuation dimensions.
Assess the effectiveness of portfolio hedging strategies, including derivatives used to manage interest rate risk.
Assess emerging regulatory developments and determine their impact on the Bank’s risk management framework.
Escalate significant concerns, emerging risks, and limit breaches to senior management and relevant governance committees.
Review balance sheet strategies and evaluate potential impacts on earnings, economic value, capital, and liquidity risk profiles.
Evaluate portfolio sensitivity to interest rates, yield curve shape, basis risk, spread movements, volatility, mortgage prepayments, and customer behavior assumptions.
Ensure adherence to applicable regulatory requirements and industry guidance related to interest rate risk and balance sheet risk management.
Support regulatory examinations, audits, and ongoing supervisory engagement activities.
Communicate risk positions, emerging concerns, and recommendations to senior management and governance committees.
Provide effective challenge to first-line business partners and partner with second-line credit risk partners while maintaining constructive relationships.
Assess the effectiveness of controls and identify opportunities to strengthen the risk management framework.
Act as a trusted advisor and subject-matter expert on non-traded market risk matters.
Influence strategic decisions through independent risk perspectives and recommendations.
Build and develop strong teams and relationships across the organization.
Drive enhancements to risk governance, reporting, and oversight practices.
Foster a culture of risk management, accountability, and continuous improvement.
Stay current on market, regulatory, and industry developments affecting interest rate and balance sheet risk.