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About the Role

As a senior member of the Market Risk team, provide effective market risk oversight of the xVA desk. Develop a strong independent view of current market conditions, the market risk of the desk's positions, and xVA methodology. Maintain close contact with TDS Front Office regarding trading strategies, market conditions, risk positions, liquidity, profit and loss, and new initiatives. Collaborate with the team to provide insight and education on trading businesses. Develop market risk policy for the relevant trading business, design stress tests and scenarios. Maintain an understanding of the regulatory landscape related to risk reporting and xVA, and provide data analysis. Analyze new product requests to ensure market risks are understood and appropriate controls are established. Communicate risk issues to all levels of the Risk Management organization, other control groups, and the front office. Provide coaching and mentorship within the Market Risk team.

Responsibilities

• Provide effective market risk oversight of the xVA desk.
• Develop a strong independent view of current market conditions, the market risk of the desk's positions, and xVA methodology.
• Maintain close contact with TDS Front Office regarding trading strategies, market conditions, risk positions, liquidity, profit and loss, and new initiatives.
• Collaborate with the team to provide insight and education on trading businesses.
• Develop market risk policy for the relevant trading business.
• Design stress tests and scenarios that highlight key market risks.
• Maintain an understanding of the regulatory landscape related to risk reporting and xVA.
• Provide data analysis to facilitate discussion with Trading Desk.
• Analyze new product requests to ensure market risks are well understood and appropriate market risk limits and controls are established.
• Effectively communicate risk issues to all levels of the Risk Management organization, other control groups, and the front office.
• Provide coaching and mentorship within the Market Risk team.
• Bring transparency to the market risks in TDS.
• Take a leadership role in the accurate, objective assessment of all key market risks in all trading portfolios in TDS.
• Identify, understand, and control key market risks.
• Serve as a point-person and provide oversight in regards to market risk control for trading desks in the Region.
• Assist in the identification of all key market risks and determine appropriate risk metrics to assess these risks.
• Maintain a thorough understanding of all key risk and risk-related issues through continual review of risk reports/related data and dialogue with relevant parties.
• Establish dialogue with TDS trading desks in regards to current positions, key risks, views, and strategies.
• Assist in the establishment of formal market risk policies and procedures and ensure ongoing suitability to business evolution.
• Assist with local market risk regulatory issues.
• Develop 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.
• Facilitate 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.
• Provide periodic analysis and commentary of key market risks for senior management review.
• Keep abreast of new risk management techniques and industry literature.
• Demonstrate governance, control, and risk management behaviors in alignment with TD policies and practices.
• Ensure that execution of the Market Risk Control function is in line with documented procedures specific to this role or business.

Requirements

• Minimum of five years of market risk or trading experience.
• Deep capital markets knowledge with expertise in market risk and control functions covering derivatives, sales/trading/hedging strategies with a particular focus on XVA and CCR.
• Solid understanding of risk measurement concepts and methodologies including VaR, FRTB, SA-CVA, Stress Testing etc. coupled with an understanding of broader regulatory and financial concepts.
• Excellent interpersonal, team building and leadership skills.
• Ability to thrive within an environment with a high level of complexity and ambiguity.
• Keen interest in learning and a high level of curiosity regarding financial markets and products.
• Organizational awareness and demonstrated relationship building skills, with a superior ability to make things happen through the use of positive influence.
• Advanced critical thinking, analytical and problem solving skills.
• Skillful written and verbal communication skills.
• A high level of integrity, earning the respect and trust of peer groups.
• Self-motivated and willing to take ownership and initiative with a positive attitude.
• 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.
• Performing sedentary work – Continuous.
• Performing multiple tasks – Continuous.
• Operating standard office equipment - Continuous.
• Sitting – Continuous.
• Concentrating for long periods of time – Continuous.
• Applying common sense to deal with problems involving standardized situations – Continuous.
• Reading, writing and comprehending instructions – Continuous.
• Adding, subtracting, multiplying and dividing – Continuous.

Skills

• Market risk oversight
• xVA desk management
• Market conditions analysis
• Risk position analysis
• xVA methodology
• Front Office liaison
• Trading strategies
• Risk reporting
• Data analysis
• New product analysis
• Risk limit establishment
• Control implementation
• Risk communication
• Coaching
• Mentorship
• Capital markets knowledge
• Derivatives
• Sales/trading/hedging strategies
• XVA
• CCR
• Risk measurement concepts
• VaR
• FRTB
• SA-CVA
• Stress Testing
• Regulatory concepts
• Financial concepts
• Interpersonal skills
• Team building
• Leadership skills
• Relationship building
• Critical thinking
• Analytical skills
• Problem solving skills
• Written communication skills
• Verbal communication skills
• Integrity
• Ownership
• Initiative
• Positive attitude
• P&L attribution
• Performance analysis
• Risk management techniques

Location

• New York, New York, United States of America

Work Type

• Full-time

Experience Level

• Level 10
• Minimum of five years of market risk or trading experience
• 7 - 10 years related analytical experience

Education Level

• Undergraduate or graduate degree in Finance, Economics, Mathematics, or other relevant discipline.
• 4 year degree in quantitative or financial field or equivalent experience.
• CFA or FRM candidates preferred.

Salary/Compensations

• $115,000 - $175,000 USD

Benefits

• Growth opportunities
• Skill development
• 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
• Training programs
• Online learning platform
• Mentoring programs

About the Company

• TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience.
• With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple.
• Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions.
• In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank.
• Together, we are reimagining what banking can be for our clients, colleagues and communities.

Equal Opportunity

• TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.
• If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.