Market Risk Specialist (5113)

TD•Toronto, ON

1d•CA$96,900 - CA$136,800•Onsite

About The Position

Reporting to the Head of Market Risk, XVA & Capital Optimization Desk Coverage, the Market Risk Specialist's accountabilities include: As a senior member of the Market Risk team, provide effective market risk oversight of the xVA desk. Develop a strong independent view of current market conditions, the market risk of the desk's positions, as well as xVA methodology. Maintain close contact with TDS Front Office, including business heads and senior traders regarding trading strategies, market conditions, risk positions, liquidity, profit and loss, and new initiatives. Work closely with the team to promote collaboration and to provide insight and education with respect to the trading businesses. Develop market risk policy for the relevant trading business with the objective of providing effective market risk oversight. Design stress tests and scenarios that highlight key market risks. Maintain an understanding of the regulatory landscape related to risk reporting and xVA (e.g., CVA Capital and FRTB) and provide data analysis to facilitate discussion with Trading Desk. Analyze new product requests to ensure that market risks are well understood and that appropriate market risk limits and controls are established. Effectively communicate risk issues to all levels of the Risk Management organization, other control groups and the front office. Provide coaching and mentorship within Market Risk team.

Requirements

Minimum of five years of market risk or trading experience
Deep capital markets knowledge with expertise in market risk and control functions covering derivatives, sales/trading/hedging strategies with a particular focus on XVA and CCR.
Solid understanding of risk measurement concepts and methodologies including VaR, FRTB, SA-CVA, Stress Testing etc. coupled with an understanding of broader regulatory and financial concepts.
Excellent interpersonal, team building and leadership skills.
Undergraduate or graduate degree in Finance, Economics, Mathematics, or other relevant discipline.
Ability to thrive within an environment with a high level of complexity and ambiguity.
Keen interest in learning and a high level of curiosity regarding financial markets and products.
Organizational awareness and demonstrated relationship building skills, with a superior ability to make things happen through the use of positive influence.
Advanced critical thinking, analytical and problem solving skills.
Skillful written and verbal communication skills.
A high level of integrity, earning the respect and trust of peer groups.
Self-motivated and willing to take ownership and initiative with a positive attitude.

Nice To Haves

CFA or FRM candidates preferred.

Responsibilities

Provide effective market risk oversight of the xVA desk.
Develop a strong independent view of current market conditions, the market risk of the desk's positions, as well as xVA methodology.
Maintain close contact with TDS Front Office, including business heads and senior traders regarding trading strategies, market conditions, risk positions, liquidity, profit and loss, and new initiatives.
Work closely with the team to promote collaboration and to provide insight and education with respect to the trading businesses.
Develop market risk policy for the relevant trading business with the objective of providing effective market risk oversight.
Design stress tests and scenarios that highlight key market risks.
Maintain an understanding of the regulatory landscape related to risk reporting and xVA (e.g., CVA Capital and FRTB) and provide data analysis to facilitate discussion with Trading Desk.
Analyze new product requests to ensure that market risks are well understood and that appropriate market risk limits and controls are established.
Effectively communicate risk issues to all levels of the Risk Management organization, other control groups and the front office.
Provide coaching and mentorship within Market Risk team.