Senior Manager
Work Location:
Toronto, Ontario, Canada
Hours:
37.5
Line of Business:
Finance
Pay Details:
$108,800 - $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
Treasury and Balance Sheet Management ('TBSM') manages TD Bank's Canadian and US P&C's non-trading market risk, consolidated liquidity risk (trading and non-trading), and capital positions. In addition, TBSM operates the Bank's funding, securitization, and capital management programs.
The Liquidity Risk Management ('LRM') group's mandate within TBSM is to manage the Bank's liquidity position for the Retail Bank (Canada) and Wholesale Bank (TD Securities, 'TDS') in accordance with the global liquidity risk management frameworks and policies. Delivering on this mandate involves measuring and managing changes in TD's Retail and Wholesale Bank cash flows, liquidity levels, collateral pledging requirements, wholesale funding profile, and future needs - under normal and stressed conditions - relative to approved limits and the emerging global / regional regulatory liquidity standards.
The Senior Manager, Wholesale Liquidity Risk Management opening is an exciting opportunity to engage in the Bank's Liquidity Risk Management framework and apply it to the Wholesale Banking Business. The role offers an avenue to enhance knowledge of the TD Securities Wholesale Business, the financial products and balance sheets of the underlying businesses, along with the measurement and management of the liquidity risks inherent.
Job Description:
The Senior Manager, Wholesale Liquidity Risk Management, is a key member of the Wholesale Liquidity Risk team working to advise, forecast, and manage the complex liquidity needs of TD Securities.
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Job Responsibilities:
- Lead and develop a team of Treasury professionals responsible for TD Securities' liquidity risk management working to ensure there is sufficient liquidity reserves to meet the needs of both regulatory and internal liquidity metrics.
- Manage and maintain a robust forecasting process in support of the management and instructions of the Wholesale Bank's liquidity needs, including Liquidity Coverage Ratio (LCR), Net Cumulative Cashflows (NCCF), Net Stable Funding Ratio (NSFR), and internal requirements.
- Work with various partners across TDS and the Bank to ensure the current liquidity position liquidity outlook and related balance sheet recommendations are clear and well understood.
- Acts as a key advisor on the liquidity position to ensure that TDS businesses have actional insights and recommendations that prudently manage liquidity risk while achieving business line objectives.
- Provide insights and analysis to continuously improve the Bank liquidity management and advise senior management and various committees (e.g., ALCO, GLF).
- Provide leadership on important liquidity initiatives, including annual policy reviews, regulatory inquiries, and ad hoc funding and liquidity analyses.
- Ensure that appropriate policies, procedures, and accountabilities are documented and followed to maintain an effective and well controlled process.
- Collaborate closely with other Wholesale Liquidity pillars, including 'Assumptions & Methodologies' and 'Liquidity Applications & Implementation', to ensure successful liquidity measurement and management of new products, assumptions or technology implementations.
Job Requirements:
- Demonstrated Experience - Experience in Treasury, Capital Markets, Liquidity Risk Management, and/or Finance/Accounting
- Strong Analytical and Critical Thinking Abilities - Well developed analytical skills, comfortable dealing with complex business situations.
- Aptitude for Problem Solving - The ability to navigate and solve ambiguous and unstructured problems.
- Excellent Stakeholder Management - Fostering an open dialogue and a positive working relationship with key stakeholders across the organization.
- Effective Communication - Ability to relate complex financial concepts in terms understandable to all audiences.
- Strong Organization and Ability to Prioritize - Ability to effectively manage multiple works-streams, ensuring focus on deliverables of highest prioritization, and the ability to pivot and reorient focus as market and economic environment evolves.
- Grounded Leader - A track record of motivating and developing individuals into a high performing team, while developing a positive and inclusive team culture that values growth and development.
- Change Management - Have a track record of making an impact, managing key deliverables, and driving change.
- Operational Excellence - Strong skills in process development, efficiency and control enhancements. This includes building and improving operational processes with technology partners.
Education & Experience Requirements:
- 7-10 years of experience in related fields of finance, accounting, bank treasury, capital markets.
- Post-secondary degree in Finance, Business, Risk and/or Economics.
- Valued designations: CPA, FRM, CFA, MBA
- Prior knowledge of trading and wholesale banking products and businesses strongly preferred
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
Perks and Benefits
Health and Wellness
Parental Benefits
Work Flexibility
Office Life and Perks
Vacation and Time Off
Financial and Retirement
Professional Development
Diversity and Inclusion