Vice President -Fed and Tri-Party Settlements

TD Bank•New York, NY

12d

About The Position

Vice President – Fed & Tri-Party Settlements Fixed Income Operations | Global Operations & Business Services Company Overview TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients globally. The firm operates across major financial centers including Toronto, New York, London, Singapore, and Tokyo. Department Overview Global Operations and Business Services provides the critical infrastructure supporting TD Securities’ trading, investment, and corporate banking activities. The organization partners closely with front office, risk, and technology teams to ensure efficient execution across the trade lifecycle while maintaining a strong operational risk and control environment. The Fed & Tri-Party Settlements function supports critical settlement infrastructure for U.S. Treasuries, repo financing, and collateralized transactions. This function plays a central role in supporting secured funding markets, liquidity management, and the firm’s participation in U.S. Treasury and repo ecosystems. Role Overview 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.

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.

Benefits

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.

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