Head, XVA & Capital Optimization Desk Coverage

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Risk Management

Pay Details:

$155,000 - $215,000 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

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:

The Head of XVA (X Value Adjustment) & Capital Optimization Desk Coverage provides oversight of market risk for all XVA risks globally and provide coverage for Capital Management desk. This role is responsible for identifying key market risks and instituting appropriate risk metrics to assess these risks.

• Provides oversight of market risk for all XVA risks globally.
• Also provide coverage for Capital Management desk.
• Responsible for identifying key market risks and instituting 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 regarding current positions, key risks, market views and business strategies.
• Establishes and maintains market risk policies and procedures governing how the business produces and manages market risk.
• Develops a thorough understanding of business strategies and key factors contributing to profitability.
• Responsible for reporting and management of XVA Capital.
• Brief senior management on key risks and works with trading desks on effective risk mitigation strategies.
• Regular engagement with global regulators, including OSFI & FRB.
• Works closely with Product Control to understand drivers of P&L and analyzes desks performance.
• Analyzes all key capital measures including VaR, FRTB etc. and works with desks to optimize capital.
• Facilitates the design of appropriate stress tests and scenarios at business line and Firm level
• Provides analysis and commentary of key market risks across stress and capital measures 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.
• Effective business leader with experience leading high-impact and diverse teams.
• Discretionary authority to approve outside of policy limits
• Talent management/people development
• Recommend market risk policy to VP, Head of Market Risk & Counterparty Analytics

Qualifications:

• 10+ years of industry and relevant experience
• Bachelor's University degree or equivalent required
• Masters in Mathematics, Science or Finance/Economics or CFA designation preferred
• Lead a team of subject matter experts
• Talent management and development
• Expert market knowledge across asset classes and businesses at TD
• Provide effective challenge
• Balanced judgment
• Team
• Quantitative expertise across a wide variety of domains
• Expert analysis and risk assessment.
• Market & Product knowledge across TDS businesses
• Effective analysis of business

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

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 a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. 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.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

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
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Sans Objet