Treasury Manager

Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
Finance

Pay Details:
$91,200 - $136,800 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 Risk Management team within TBSM 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 Details

This position offers an excellent opportunity to further develop and leverage relevant business experience, strategic thinking, relationship management skills, and analytic abilities to contribute to the Liquidity Risk Management function within TBSM, supporting the Wholesale Business.

The mandate is to drive forward change and important initiatives related to the TDS Wholesale Business, by assessing the Liquidity risk inherent for the various initiatives the Business is looking to move forward. This involves a front-to-back perspective: initiative intake, assessment of liquidity risk, advisory, proposing change, and implementation. The role also requires working very closely with TDS Business partners to understand the product at hand such that an appropriate assessment of liquidity risk can be made, while also advising on the most efficient product offering.

This is a unique opportunity to learn about the Bank's LRM paradigm and apply it to the Wholesale Banking Business. The role offers an avenue to gain knowledge of the TDS Wholesale Business and the various financial products it trades in, along with the subsequent liquidity risks inherent. The role also offers an opportunity to objectively evaluate the liquidity risks and make subsequent recommendations to Senior Management on what the appropriate liquidity and funding profile should be.

Raising funding based on the liquidity risk is also a key driver of profitability, so it's important for appropriate due diligence when assessing the liquidity risk.

While the conceptual understanding of the Business and the various products it trades in is important, just as important is to grasp how the products are modeled within the relevant Liquidity system, such that the data can subsequently be manipulated into meaningful analysis leading to decisions that effect change.

The team interacts with both Risk and Business partners, including the Short-term Secured & Unsecured Financing desk, various trading desks, TDS Finance, Enterprise Liquidity Risk and Capital Markets Risk Management.

Understanding TDS' businesses and balance sheet structure are integral to success in the position, as is managing large amounts of data to refine requirements.

Primary Accountabilities:

• Drive initiatives related to the TDS Business that require Liquidity subject matter expertise.
• Opine on implications from a liquidity perspective on new initiatives/product launches from the Business.
• Recommendations of liquidity treatment for given Business initiatives to various stakeholders, including TBSM and TDS management.
• Partner with various stakeholders to ensure that liquidity treatment as recommended is implemented, such that key liquidity risks inherent can be captured, forecasted/instructed for, and transfer priced accordingly.
• Provide required ad-hoc analysis to support initiatives required for the Global Liquidity and Funding (GLF) committee.

Job Requirements:

Taking a proactive role in evaluating and assessing the reasonability of assumptions and methodology for TDS' liquidity risk, including opining on assumptions for new products. This entails building a strong relationship with the Funding desk and Business partners to better understand products traded.

As part of regular review cycles and during times of stress, delivering on Senior Management asks on review of liquidity assumptions and treatment.

Required Skill and Competencies of this Position:

• Strong knowledge of and experience in working with wholesale banking suite of products, with an understanding on how they impact funding actions or risk management.
• Superior communication & facilitation skill, and an ability to manage productive relationships with business partners and stakeholders.
• Strong analytical & problem-solving skills and a high degree of organizational awareness.
• Ability to find, analyze and synthesize complex information - both quantitative and qualitative - and a commitment to continuous improvement of processes and content.
• High level understanding of the Bank's Balance Sheet compositions, including sources and uses of funding (secured vs unsecured funding, short-term vs long-term).
• Understanding of the Banking Business, Fixed Income & Money Market instruments, Derivatives (such as bonds, futures, forwards, options, and swaps), the valuation of these instruments, and how they are used to manage balance sheet risks.
• Attention to detail with strong aptitude to learn and promote operational efficiency.
• Ability to work independently and in teams to produce and deliver high quality results.
• Strong knowledge in SQL, Access, Excel, and PowerPoint; VBA/Python is an asset.
• Minimum 5 years of experience in banking industry preferably in liquidity management, Treasury/Finance, or a collateral management role.
• Post-secondary degree in Finance, Business, Risk and/or Economics; Valued designations: CPA, FRM, CFA, MBA.

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.

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.

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