Senior Manager, Liquidity Management

TD•Toronto, ON

3d•Hybrid

About The Position

The Treasury and Balance Sheet Management (TBSM) department of TD Bank is responsible for overseeing the management of TD Bank’s non-trading market risk, liquidity risk and capital position. The Liquidity Management team within Treasury is responsible for ensuring the Bank maintains sufficient cash, investments and funding positions to permit the Bank to operate effectively during both normal operations and stressed market conditions. The team identifies, measures and forecasts the Bank's liquidity needs and risks and takes actions to maintain a strong risk profile. The team works with partners across the Bank to manage liquidity risk and ensure its costs and drivers are well understood. The Liquidity Crisis Management team plays an important role in supporting the assessment of the Bank's liquidity and its crisis management planning. The team acts as the subject matter expert in the development of stress analysis and crisis planning. The team assesses and measures internal liquidity stress testing (ILST) scenarios and actively participates in related enterprise-level initiatives (e.g. Enterprise-Wide Stress Test (EWST) and regulatory stress tests). The team also owns and develops crisis plans and playbooks for liquidity and funding. This covers documents like the Bank's Contingency Funding Plan (CFP), Crisis Management Recovery Plan (CMRP) and CDIC Resolution Plan.

Requirements

Demonstrated Experience – The candidate should have detailed knowledge of liquidity risk concepts, varying liquidity rules and regulations the Bank is subject to, and the major liquidity risks facing the Bank.
Change Management - Have a track record of making an impact, managing key projects and deliverables, while driving change.
Analytical and Critical thinking - Well developed analytical skills and comfortable with dealing with complex business situations and information.
Operational Excellence - Strong skills in process development, efficiency and control enhancements. This includes building and improving operational processes.
Effective Stakeholder Management - Fostering open dialogue and a positive influential working relationship with key stakeholders across the organization.
Flexible and Accountable Leader - Ability to perform well in addressing ambiguous and unstructured problems, managing dynamic business requirements.
Quantitative Skills - Stress tests include scenario build and execution, which will require creating and assessing quantitative projections, and understanding the drivers of change.
Governance & Control Discipline - Strong skills in ensuring the correct protocols and procedures are followed for all liquidity deliverables in coordination with the second and third lines of defense.
Ability to relate complex financial concepts in terms understandable to all audiences
Excellent interpersonal and communication skills
Proven track record of motivating and developing a group of individuals into high performing teams
Effective at developing a positive and inclusive team culture focused on supporting and building the capabilities of the team
7-10 years of experience in related fields of finance, accounting, bank treasury, risk, capital markets
Post-secondary degree in Finance, Business, Risk and/or Economics

Nice To Haves

Valued designations: CPA, FRM, CFA, MBA

Responsibilities

Lead and develop a team of finance and risk professionals responsible for delivering on the team's mandate.
Provide thought leadership for liquidity risk and funding with respect to the Bank's crisis planning and testing programs.
Lead the development of additional Internal Liquidity Stress Testing (ILST) including the assumptions, analysis, design and results.
Deliver the Liquidity components for the EWST Program and the Macro Stress Test (MST) for the regulator.
Own and develop the Bank's Contingency Funding Plan (CFP), which is the primary liquidity crisis management playbook.
Work with the Bank's subsidiaries where needed to review regional CFPs for consistency and alignment.
Own the liquidity sections of the Bank's Recovery and Resolution Plan (RRP).
Lead CFP testing to ensure the relevant tools and stakeholders remain effective and engaged.
Identify sources of liquidity risk, to ensure liquidity assumptions, risk limits, and stress indicators are appropriate.
Work closely with other liquidity teams to provide management decision support and participate in special assignments.