Vice President -Fed and Tri-Party Settlements

TD•New York, NY

1d•$130,000 - $160,000•Onsite

About The Position

The Vice President – Fed & Tri-Party Settlements is responsible for leading and overseeing the settlement of U.S. Treasury and secured financing transactions across Fedwire Securities, Fedwire Funds, and Tri-Party platforms. This role provides end-to-end ownership of high-value settlement activity, including U.S. Treasury delivery, tri-party collateral movements, repo lifecycle events, and intraday liquidity coordination. The VP will lead multiple teams and/or team leads responsible for daily execution, while ensuring a robust risk and control framework is maintained. The successful candidate will act as a senior operational partner to trading desks (Rates, Repo, Sec Financing), Treasury, and Liquidity Management, playing a key role in supporting balance sheet efficiency, funding optimization, and regulatory readiness. This role offers a unique opportunity to shape and scale a critical operational function aligned to U.S. Treasury clearing evolution, repo market growth, and increased regulatory focus on settlement infrastructure.

Requirements

10–15+ years of experience in Capital Markets Operations, with deep expertise in: U.S. Treasury settlements, Repo / Secured Financing operations, Fedwire and/or Tri-Party platforms.
Proven experience leading teams and/or managers in a high-volume, high-risk environment.
Strong expertise in: Fedwire Securities & Fedwire Funds, Tri-Party platforms, Repo lifecycle, collateral management, and funding flows.
Experience supporting high-volume capital markets trading environments.
Understanding of U.S. Treasury clearing developments and market structure evolution.
Demonstrated ability to lead large teams and drive organizational performance.
Strong stakeholder management skills with the ability to influence across senior levels.
Ability to balance strategic initiatives with operational execution.
Proven track record of driving process improvement and automation initiatives.
Strong understanding of operational risk, liquidity risk, and settlement risk frameworks.
Experience managing intraday liquidity exposure and high-value settlement risk.
Experience with audit, regulatory interaction, and control governance.
Strong leadership presence and executive communication skills.
High level of accountability and ownership.
Ability to operate effectively in a time-critical, high-pressure environment.
Strong decision-making and escalation judgment.
Undergraduate degree/ college diploma preferred and/or 6+ years relevant experience and 4+ years of people management experience.
Advanced knowledge of key functional areas including Capital Markets, Financing Operations, Payment and Correspondent Banking Services, Business Services, Change Delivery, and Regional Operations.
Knowledge of capital markets products, which may include Foreign Exchange, Fixed Income, Equities and Derivatives.
Knowledge of current and emerging trends in the industry and market.
Knowledge of risk management environment, standards and regulations.
Strong knowledge of process management to drive efficiency.
Ability to contribute to strategic direction of the function and provide advice to senior leadership.
Skill in managing budgets and resource allocation.
Advanced ability to lead, plan, implement and evaluate program/project activities to ensure completion of initiatives.
Skill in talent development and performance management.
Ability to make an impact, influence and achieve results with effective negotiation, problem-solving and communication skills.
Skill in negotiation and partnership.
Skill in using analytical software tools, data analysis methods and reporting techniques to assess risk and challenge the status quo.
Skill in leadership, mentoring, coaching and performance management.
Ability to exercise sound judgement in making decisions.
Ability to communicate effectively in both oral and written form with partners at all levels including senior management.
Ability to work collaboratively and build relationships across teams and functions.
Skill in organization and time management.
Ability to analyze, organize and prioritize work while meeting multiple deadlines.
Ability to work successfully as a member of a team and independently.
Ability to process and handle confidential information with discretion.

Responsibilities

Lead and manage multiple teams and/or team leads supporting Fed settlements and tri-party operations.
Build and scale a high-performing organization aligned to business growth in U.S. Treasuries and secured financing markets.
Drive performance management, talent development, and succession planning.
Own the end-to-end settlement lifecycle across: Fedwire Securities (UST delivery / receipt), Fedwire Funds (cash movements), Tri-party repo platforms (BONY, JPM).
Oversee U.S. Treasury settlements, Repo trade settlements and unwind/rewind cycles, Collateral allocation and substitutions, Intraday funding and liquidity coordination.
Ensure timely and accurate settlement of high-value, time-sensitive transactions.
Own the control framework for Fed and tri-party settlements, including intraday risk monitoring, fail management, and liquidity exposure.
Partner with Treasury and Liquidity teams to manage intraday funding requirements and settlement flows.
Ensure compliance with regulatory expectations (e.g., UST clearing requirements, TMPG guidance).
Lead audit, regulatory reviews, and control remediation efforts.
Act as a senior escalation point for trading desks (Rates, Repo, Sec Financing).
Partner closely with Treasury / Liquidity Management, Risk and Compliance, Technology and Infrastructure teams.
Influence front-to-back process design and settlement optimization strategies.
Support the firm’s readiness for U.S. Treasury clearing and central clearing mandates.
Drive enhancements in tri-party collateral optimization, automation, and settlement efficiency.
Lead initiatives aligned to repo market growth and balance sheet efficiency.
Contribute to the development of a scalable operating model supporting increased volumes and regulatory complexity.
Provides people management leadership by recruiting top talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required.
Oversees a large team with functional diversity and complexity where activities involve multiple step transactions, multiple systems and jurisdictions, higher volumes and/or medium to high complexity.
Leads teams with multiple points of internal and external contact including direct contact with Customers.
Acts as highest point of team escalation for resolution and provides direction to resolve issues or escalate.
Leads respective group within a business unit in delivering operational support to the assigned areas.
Identifies and responds to changes in the business environment and establish action plans to address client issues and priorities.
Acts as a key liaison at the department level to actively engage stakeholders within the Bank and broader industry, developing and maintaining strong business partnerships, clarifying client needs and delivering client-centered solutions that enhance the overall end-to-end experience.
Secondary escalation point for significant risks/exceptions.
Monitors service and control standards against overall business/department objectives.
Provides frontline feedback to client strategy and broader process improvement functions to identify client pain points and opportunities for improvement.
Negotiates and help to resolve complex and/or escalated issues.
Builds a client-centric, collaborative and innovative culture.
Proactively identifies key business opportunities, research and recommend system enhancement/modifications, develop strategies to achieve recommendations and work closely with system support to execute and implement system upgrades/enhancements.
Conducts root cause analysis, evaluate options and provide recommendations; ensure appropriate reporting and escalation of issues occurs based on risk profile.
Contributes to the development of the business plan, operationalize the plan and deliver on assigned service or functionality.
Protects the interests of the organization; identify and manage risks, resolve escalated matters and refer complex and/or non-standard, high-risk transactions/activities as needed.
Provides expertise and coordinate implementation and testing of new processes and systems and ensure these are well documented.
Applies knowledge of end-to-end processes and regulatory requirements to drive achievement of department standards for productivity and efficiency, implement process improvement initiatives and execute on change, supporting adherence, tracking and realizing benefits.
Mitigates risk by coordinating activities with partners in Operations, Technology, Finance, Risk Management, etc.
Follows and ensures employees are knowledgeable of and comply with Bank and industry codes of conduct.
Acts as a key contributor to strategic initiatives, functional projects/programs and/or internal/external working groups and may sign off on projects of small scale and/or complexity.
Conceptualizes/defines change framework and contribute to strategy discussions; act as a key change agent for a defined area.
Adheres to enterprise frameworks and methodologies that relate to operations activities for own area (e.g. Anti-Money Laundering, Business Continuity Management); ensure unit operates in compliance with applicable internal and external requirements.
Participates in and/or lead community initiatives and promote commitment to shared Enterprise values and commitments.
Assesses performance based on team and function analytics.
Provides both leadership and guidance in managing the overall team.
Coaches and trains to develop team capability and ensure requests and infrastructure issues are handled according to established service standards.
Leads the process of setting performance objectives for the team; track, monitor and effectively address and/or reward performance in a timely manner.
Recruits for all hires to ensure a highly diverse, qualified workforce to achieve business objectives.
Creates a dynamic work environment in line with TD's Employee Value Proposition; challenge the status quo.
Grows team expertise to align with business/enterprise demand and direction; assess team skills and capabilities and continually look for ways to provide and enhance the value delivered.
Leads a high performing team; provide on-going feedback and performance reviews, coach and develop employees and ensure performance management activities are undertaken and completed for all employees.
Manages employees in compliance with all human resources policies, procedures and guidelines of conduct.
Shares knowledge, information, skills, and subject matter expertise among the team and ensure the timely communication of issues.
Encourages good working relationships with other functions and teams.
Promotes a fair and equitable environment that supports a diverse workforce and encourage the team to achieve common goals and objectives.
Facilitates change through positive reinforcement of milestones and successes as well as encouraging open discussion.
Operates with a One Team mindset.
Supports an environment where the team freely escalates performance and production challenges.

Benefits

Growth opportunities and skill development
Base salary and 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
Regular career, development, and performance conversations with your manager
Access to an online learning platform
Variety of mentoring programs
Training and onboarding sessions