Group Manager, Market Risk – Rates & Structured Products (1807)

Join a highly experienced and dynamic team responsible for the oversight and control of the market risk of TD Securities. If you are highly knowledgeable regarding rates and credit products, and have solid experience in market risk or trading, we would like to talk to you.

Market Risk (MR) is responsible for ensuring that the market risk of TD Securities is well understood, transparent and controlled. MR engages extensively with the TD Securities' trading desks, Product Control, Finance, Technology, auditors and Senior TD Executives.

As a Group Manager, Market Risk – Rates & Structured Products team, you'll be part of a group that is responsible for a number of activities related to the analysis, reporting and monitoring of risk metrics such as market risk, VaR and Stress. You will also be responsible for ensuring that the market risk of TD Securities is well understood, transparent and controlled. Developing a strategic and respected team that has an in-depth understanding of the TD Securities' trading businesses, including trading strategies, products, market conditions and risks, and valuation drivers. In addition, the team executes infrastructure changes with regards to the implementation of new or revised risk policies, regulatory requirements, system updates, ad-hoc measurements used by the Bank to monitor market risk holistically. The Market Risk team is a global business supporting trading activities in Toronto, New York, Calgary, Singapore, London, and Dublin.

Market Risk – Rates & Structured Products

• Support the risk appetite of the bank by managing and supervising the Residential Mortgage Solutions Group (RMSG) team with respect to analysis, reporting and monitoring of the products traded within the RMSG businesses. Responsible for ensuring that all key policies, procedures, and processes are properly documented and adhered to. Additionally, flexible oversight on various businesses within the team (ie: Canadian Interest Rate Trading, Customized Solutions Group, etc.).
• Develop a strong independent view of current market conditions, the market risk of the desk's positions and valuation of the portfolio.
• Analyze new product requests to ensure that market risks and valuation are well understood, and that appropriate market risk limits and controls are established.
• Employ your in-depth knowledge of the valuation and risk to ensure the proper valuation of the TDS portfolio.

Collaborate with Business Partners

• Maintain close contact with TD Securities Front Office, including business heads and senior traders regarding trading strategies, market conditions, risk positions, liquidity, profit and loss and new initiatives.
• Manage relationships 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.
• Own and understand models and methodologies that are applicable to your business. Ensure transparency of such models and methodologies through established business controls and governance.

People / Team Development

• Provide leadership, direction, advice and empower your team to consistently maintain high levels of integrity, motivation, and morale. This should encompass all aspects of people development including appropriate mentoring, coaching and ongoing evaluation of staff performance and leadership skills.

Change Management & Policy Implementation

• Effectively challenge, propose, and champion projects to improve efficiencies, to provide more effective business support. Understand and assess the impact analysis performed by your team, and to present findings to senior management.

Enhancement & Operational Risk (Audit / Regulatory)

• Ensure that internal audit findings related to the products being traded within the responsibilities of the Market Risk team are cleared within the time commitments provided to Internal Audit.
• Ensure effective internal controls exist and are continuously updated for all processes underlying market risk reporting, while adhering to Market Risk standards and Process Risk and Controls Self-Assessments.
• Support in identifying innovative opportunities and help drive these initiatives.
• Evolve analytical and attribution capabilities and business knowledge, and develop skills required for today and future, while understanding, identifying, and responding proactively to current and emerging risks.

Job Requirements

• Undergraduate degree or technical certificate and / or over 5 years of relevant experience.
• CFA or FRM designation is an asset.
• Deep understanding of financial markets, market risk and risk management principles, VaR, Stress, profit and loss, independent pricing verification and valuation adjustments.
• Knowledge of residential mortgage products (ie: Mortgage-Backed Securities, Mortgage Commitments, IO Strips, etc.) as well as hedging products and derivatives (ie: Swaps, Bonds, Deposits and Loans, etc.).
• Excellent analytical, judgement and decision-making skills.
• Ability to process and handle confidential information with discretion while acting with the highest levels of integrity.
• Team management skills to guide and take the team forward while working autonomously as the lead.
• Strong communication skills and ability to interact with increasingly senior stakeholders and convey complex business context clearly and effectively.
• Organizational awareness and demonstrated relationship building skills, with a superior ability to make things happen through the use of positive influence.
• Proactive and adaptable with the ability to work in a demanding environment while handling multiple competing demands.