Senior Manager, Liquidity Management

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Finance

Pay Details:

$115,600 - $163,200 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:

Department Overview

The Treasury and Balance Sheet Management (TBSM) department of TD Bank is responsible for overseeing the management of TD Bank’s: non-trading market risk, liquidity risk and capital position.

The Liquidity Management team within Treasury is responsible for ensuring the Bank maintains sufficient cash, investments and funding positions to permit the Bank to operate effectively during both normal operations and stressed market conditions.  The team identifies, measures and forecasts the Bank's liquidity needs and risks and takes actions to maintain a strong risk profile.   The team works with partners across the Bank to manage liquidity risk and ensure its costs and drivers are well understood.

Job Description

The Liquidity Crisis Management team plays an important role in supporting the assessment of the Bank's liquidity and its crisis management planning.  The team acts as the subject matter expert in the development of stress analysis and crisis planning. The team assesses and measures internal liquidity stress testing (ILST) scenarios and actively participates in related enterprise-level initiatives (e.g. Enterprise-Wide Stress Test (EWST) and regulatory stress tests).  The team also owns and develops crisis plans and playbooks for liquidity and funding.  This covers documents like the Bank's Contingency Funding Plan (CFP), Crisis Management Recovery Plan (CMRP) and CDIC Resolution Plan.   This position reports directly to the VP, Liquidity Management.

• Lead and develop a team of finance and risk professionals responsible for delivering on the team's mandate.

• Provide thought leadership for liquidity risk and funding with respect to the Bank's crisis planning and testing programs.

• Lead the development of additional Internal Liquidity Stress Testing (ILST) including the assumptions, analysis, design and results.

• Deliver the Liquidity components for the EWST Program and the Macro Stress Test (MST) for the regulator.

• Own and develop the Bank's Contingency Funding Plan (CFP), which is the primary liquidity crisis management playbook.

• Work with the Bank's subsidiaries where needed to review regional CFPs for consistency and alignment.

• Own the liquidity sections of the Bank's Recovery and Resolution Plan (RRP).

• Lead CFP testing to ensure the relevant tools and stakeholders remain effective and engaged.

• Identify sources of liquidity risk, to ensure liquidity assumptions, risk limits, and stress indicators are appropriate.

• Work closely with other liquidity teams to provide management decision support and participate in special assignments.

Requirements

• Demonstrated Experience – The candidate should have detailed knowledge of liquidity risk concepts, varying liquidity rules and regulations the Bank is subject to, and the major liquidity risks facing the Bank.

• Change Management - Have a track record of making an impact, managing key projects and deliverables, while driving change.

• Analytical and Critical thinking - Well developed analytical skills and comfortable with dealing with complex business situations and information.

• Operational Excellence - Strong skills in process development, efficiency and control enhancements.  This includes building and improving operational processes.

• Effective Stakeholder Management - Fostering open dialogue and a positive influential working relationship with key stakeholders across the organization.

• Flexible and Accountable Leader - Ability to perform well in addressing ambiguous and unstructured problems, managing dynamic business requirements.

• Quantitative Skills - Stress tests include scenario build and execution, which will require creating and assessing quantitative projections, and understanding the drivers of change.

• Governance & Control Discipline - Strong skills in ensuring the correct protocols and procedures are followed for all liquidity deliverables in coordination with the second and third lines of defense.
   

Competencies and Personal Qualities:

• Ability to relate complex financial concepts in terms understandable to all audiences

• Excellent interpersonal and communication skills

• Proven track record of motivating and developing a group of individuals into high performing teams

• Effective at developing a positive and inclusive team culture focused on supporting and building the capabilities of the team

Education & Experience Requirements:

• 7-10 years of experience in related fields of finance, accounting, bank treasury, risk, capital markets

• Post-secondary degree in Finance, Business, Risk and/or Economics

• Valued designations: CPA, FRM, CFA, MBA

Work activities include a blend of highly collaborative activities and individual deliverables. Individuals are expected to be onsite 4 days a week. Colleagues may spend more or less days in office as required by the business line.

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 strive to make every interaction, product, and experience remarkably human and refreshingly simple for 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 foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

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.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

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