Vice President, Capital Risk-US

TD • Mount Laurel, NJ

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About The Position

We are looking for a Vice President to join TD's Capital Risk & Governance team. This role will be part of a specialized team of capital risk professionals providing independent risk management oversight of the US Capital Management team and is responsible for ensuring that all significant capital risks are thoroughly understood, analyzed, and measured against the Bank's risk appetite. The VP Risk TDS responsibility is to bring transparency to the market risks in TDS. This is achieved via taking a leadership role in the accurate, objective assessment of all key market risks in all trading portfolios in TDS through the identification, understanding and control of these risks.

Requirements

• 4-year degree required
• 4-6 years of experience in Risk, Treasury, Accounting/Finance or Audit preferred
• Knowledge of capital planning and stress testing regulations
• Demonstrated strong conceptual and analytical abilities
• Strong internal control orientation
• Exceptional problem-solving skills and communication skills (both written and verbal)
• High attention to detail and ability to work independently to multi-task/manage priorities and meet tight deadlines
• 4 year degree in quantitative or financial field or equivalent experience
• 7 - 10 years related analytical experience
• Must be detail oriented and possess problem-solving skills
• Must be able to work independently with minimal supervision and establish priorities
• Proficient in interpersonal communication (both oral and written), and have the ability to communicate effectively with all levels of staff and management

Responsibilities

• Provide oversight of US Capital Management, including independent reviews of capital position reporting, stress testing results (including DFAST), baseline forecasting, limit calibration, and capital actions.
• Maintain a culture of risk management and control, supported by effective processes in alignment with the established risk appetite for Capital Risk.
• Develop thorough understanding of the US bank's capital strategies, risks, and drivers.
• Ensure the compliance of capital risk management processes with US regulations, understanding that regulatory compliance alone is not sufficient and that capabilities should be commensurate with the size, scale, and complexity of the bank.
• Contribute to the Independent Capital Risk Evaluation including review of processes, procedures, and controls to ensure that the business, control, and infrastructure functions are meeting the organization's effective risk management requirements.
• Liaise closely with other business partners including Treasury, Balance Sheet Management, other second-line of defense risk partners, and Internal Audit.
• Facilitate, and/or implement actions and remediation plans to address performance, risk, and governance issues.
• Keep current on emerging issues, trends, and evolving regulatory requirements and grow knowledge of the businesses and related products.
• Serves as a point-person and provides oversight in regards to market risk control for trading desks in the Region
• Assists in the identification of all key market risks and determine appropriate risk metrics to assess these risks
• Maintains thorough understanding of all key risk and risk-related issues through continual review of risk reports/related data and dialogue with relevant parties
• Establishes dialogue with TDS trading desks in regards to current positions, key risks, views and strategies
• Assists in the establishment of formal market risk policies and procedures and ensure ongoing suitability to business evolution
• Assists with local market risk regulatory issues
• Develops a thorough understanding of business strategies and key factors contributing to profitability
• Be involved in P&L attribution and periodic performance analysis with commentary linking the desks performance to specific trading strategies, positions, market conditions and underlying risks
• Facilitates the design of appropriate stress tests and scenarios that will highlight key market risks, in specific business lines and in the firm as a whole, under stress situations and provide ongoing commentary on stress results
• Provides periodic analysis and commentary of key market risks for senior management review
• Keeps abreast of new risk management techniques and industry literature
• Demonstrates governance, control and risk management behaviors in alignment with TD policies and practices
• Ensures that execution of the Market Risk Control function is line with documented procedures specific to this role or business

Benefits

• Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals.
• Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as 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, and reward and recognition.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level