VP - Risk

TD Bank • Charlotte, NY

10d • $110,000 - $160,000

About The Position

Department Overview : A World-Class, Diverse, Inclusive and Forward-Thinking Risk Management Team. Curious, creative, innovative, independent. Do any of these attributes describe you? If so, then you may be perfectly suited for our team. The US Non-Traded Market Risk Team (US NTMR) is a part of the Treasury Risk Oversight second line of defense organization. Treasury Risk Oversight is responsible for providing independent oversight and challenge of the Bank's capital, liquidity, and non-trading market risk (or interest rate risk in the banking book). The US NTMR mandate includes: Setting the Bank's NTMR risk appetite working with the first line of defense, and developing & maintaining risk frameworks where limits are respected and consistent with the Bank's risk appetite Challenge functional specifications and implementation choices to ensure that Treasury risk systems are designed to provide comprehensive, flexible, and transparent analysis and reporting features Providing independent oversight over risk measures, which includes independent review, challenge, and approval of scenario designs, measurement input (e.g., assumptions, methodologies) and review of results Setting the second line of defense governance structure, including the decision-making model and the roles & responsibilities of all NTMR stakeholders Job Description: The role requires an individual with experience and/or knowledge of treasury and risk management functions at a financial institution and would benefit from experience with QRM (quantitative risk management software). The accountabilities of the role include, but are not limited to: Providing effective challenge and risk management insights related to key interest rate risk measures, such as Economic Value of Equity and Net Interest Income Sensitivities. Provide strategic advice on interest rate risk methodologies, scenarios, systems, and reporting, to future-proof NTMR's analytical tools and capabilities Providing in depth technical leadership and expertise in the oversight of non-trading market risk across US ALM Oversight of the QRM platform, and ownership of the second line of defense strategy for the software's use Building a maintaining strong relationship with key Business Partners Providing oversight and thought leadership to reporting and governance controls including implementation and change controls of measurement input through expertise and highly specialized knowledge of analytical concepts and techniques. Understanding the requirements of Interest Rate Risk in the Banking Book (IRRBB) standards and their implication to the Bank Proactively build awareness of key risk issues by educating business leaders and providing training to the team _____________________________________________ Depth & Scope: 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

Requirements

• 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

• Providing effective challenge and risk management insights related to key interest rate risk measures, such as Economic Value of Equity and Net Interest Income Sensitivities.
• Provide strategic advice on interest rate risk methodologies, scenarios, systems, and reporting, to future-proof NTMR's analytical tools and capabilities
• Providing in depth technical leadership and expertise in the oversight of non-trading market risk across US ALM
• Oversight of the QRM platform, and ownership of the second line of defense strategy for the software's use
• Building a maintaining strong relationship with key Business Partners
• Providing oversight and thought leadership to reporting and governance controls including implementation and change controls of measurement input through expertise and highly specialized knowledge of analytical concepts and techniques.
• Understanding the requirements of Interest Rate Risk in the Banking Book (IRRBB) standards and their implication to the Bank
• Proactively build awareness of key risk issues by educating business leaders and providing training to the team
• 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

• 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
• Number of Employees: 5,001-10,000 employees