Work Location:

United States of America

Hours:

40

Line of Business:

Risk Management

Pay Detail:

$160,000 - $220,000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. The included salary range for this role takes into account multiple factors that are considered in making compensation decisions. The base pay actually offered may vary based upon candidate's skills and experience, job-related knowledge, licensure and certifications, geographic location, and other specific business and organizational needs. As TD puts career development at the forefront of our colleague experience, it is not typical for an individual to be hired at or near the top of the range for their role.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role

Job Description:

Department/Position Overview:

Join a highly experienced and dynamic team responsible for the oversight and control of Capital Risk for TDBG. If you are highly knowledgeable regarding the treasury functions and capital management and have solid experience in risk management, we would love to hear from you!

We are hiring for the position of Associate Vice President, US Capital Risk and Governance, reporting to the Vice President, Market Risk. This role will oversee, lead, and develop a highly specialized team that ensures all significant US capital risks are appropriately understood, analyzed, and measured as part of the Bank's regulatory and local frameworks.  You are required to demonstrate governance, control and risk management oversight in alignment with TD policies and practices.

One of the primary accountabilities of this position is providing independent 2nd line oversight of Capital Risk Management for the Treasury and Balance Sheet Management Team (TBSM). This includes acting as an independent oversight and governance function for Capital Risk policies, Capital Stress Testing (including DFAST), Recovery and Resolution and Capital processes including regulatory treatments, assumptions, and methodologies. The accountabilities also include self-assessment for regulatory compliance with the capital rules and an active role in the oversight over stress testing programs. The incumbent has responsibilities related to the review, development and recommendation for Capital Risk Appetite Statements, and Capital Risk Frameworks and Policies, and preparation of US CRO and Board Risk Committee materials.
 

Job Description/Accountabilities:

Reporting to the VP, Risk Management, Market Risk is an executive leader within the Bank's Risk Management team. This role has a 2nd line of defense accountability for Capital Risk and Resolution Planning supporting the Treasury and Balance Sheet Management (US TBSM) team and provides effective challenge of Capital Risk and its related governance functions. 
 

Key Accountabilities include, but not limited to: 
•    Hire, develop and manage a respected team of capital risk professionals that has an in depth understanding of the US Bank's capital strategies, risks and drivers.  Establish and maintain a robust capital risk governance framework, including policies, procedures, and controls that ensure compliance with regulatory standards and internal guidelines
•    Provide transparency and insight into capital risk exposures and fluctuations in capital ratios.
•    Oversight of Capital Risk monitoring and control procedures and documentation
•    Stays current with evolving regulatory requirements related to capital adequacy, leverage ratios, and other capital-related regulations
•    Oversee the execution of capital stress testing exercises, evaluating the organizations resilience under adverse scenarios and identifying potential capital shortfalls. 
•    Develop and execute an Independent Capital Evaluation on an annual basis: including review of all processes/procedures/controls to ensure that the business, control and infrastructure functions are meeting the organization's requirements with respect to effective risk management
•    Coordinate with other 2nd lines, namely Operational Risk, Model risk and other Risk areas to provide a fulsome oversight of Capital across 2nd line.
•    Establish with 1b function the timelines and milestones needed to establish a Target Operating Model for Capital.
•    Hire, develop and manage a team of capital risk management subject matter experts 
•    Effectively challenge, propose and champion projects to improve efficiencies, in order to provide more effective business support and capital risk management oversight.
•    Identifies potential vulnerabilities and recommend risk mitigation strategies to senior management
•    Identifies emerging risks and concentrations that could impact the US banks' capital risk profile
•    Continuous review of all processes/procedures/controls to ensure that the business, control and infrastructure functions are meeting the organization's requirements with respect to effective risk management
•    Maintains effective working relationships between all areas of Risk Management, including Regulators, Government Affairs, Legal, and Compliance. Ensures regulatory and risk issues are managed effectively and communicated through appropriate governance bodies and channels
•    Ensure compliance with the US Bank's Risk Appetite and Risk Framework
•    Actively participates in Regulatory Reviews
•    Collaborate with business partners which includes, sharing knowledge and identifying opportunities to leverage complementary skills. Partner with our stakeholders to drive and support change and to assist in meeting the Bank's objectives.
•    Maintain understanding of key risk and risk-related issues through continual review of risk reports/related data and dialogue with relevant parties.
•    Understand and comply with TD Policies, regulatory and compliance requirements.
•    Develop and foster strong relationships to improve the understanding and communication of capital risk and/or other key risk management issues.
•    Contribute to a cohesive team and positive work environment.
•    Establish and maintain productive working relationships with the various business heads supported, as well as with the local Regulators
•    Exercise good judgment, identifying risks and potential control environment issues.
•    Be a role model for others, who exemplifies TD's Shared Commitments

Other Qualifications/Skills/Experience
•    5+ years as a subject matter expert in Capital Risk Management or in Capital Management /Treasury functions 
•    Strong leadership and talent management and development.
•    Regulatory knowledge and critical thinking.
•    Can influence stakeholders and collaborate across 1st and 2nd line with a professional partner-focused approach; a collaborator with the ability to interact across all levels within the organization
•    Expert knowledge of treasury business and capital management
•    Expertise in working effectively in teams – requires a track record of working cross-organizationally and with multiple stakeholders at varying levels
•    Robust organizational skills with the ability to work in a fast-paced environment and manage multiple deadlines and priorities
•    Skillful communication (written and verbal), negotiation and partnership skills to balance stakeholder input but remain objective to reach the right outcome
•    Proven ability in leveraging deep subject matter expertise to develop and deploy a vision and align others to that vision. 
•    Creative thought leadership required while also listening and engaging others to provide input in the shaping of vision 

Specific Educational Requirements:
•    Undergraduate degree required; Post Graduate degree preferred

Who We Are

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 help clients meet their needs today and prepare for tomorrow. 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. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.

Our Total Rewards Package
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. Learn more
 

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

If you are an applicant with a disability and need accommodations to complete the application process, email the 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 application process.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.