Senior Manager, Product Control - Valuation Controls

The Wholesale Banking Finance Group is responsible for developing and delivering financial strategy, information, and management support within TD Securities (TDS). A key function within the department is the oversight and governance related to execution and reporting of fair value, in support of TD Securities' business objectives. To ensure the accuracy, valuation, and reporting of financial instruments for financial accounting purposes, the successful candidate will work with different stakeholders to ensure that business lines adhere to policies and procedures, and controls are effective.

Position Summary: (Overview of key purpose and accountability of the role)

Within Controller & Chief Accountants in Finance, The Product Control Function is a team of professionals with deep product, business and controlling expertise covering the end-to-end accountability for financial results in support of TD Securities. The team will be responsible for maintaining, executing, and providing oversight of the financial controls for all TDS business lines. The team will also provide financial analysis and advice to key control partners and the TDS front office.

As a Senior Manager covering Valuation Controls including Policies and Governance in the Product Control Team, you are accountable for ensuring accurate and timely reporting, controls, and governance for valuations at TD Securities. This role will liaise with Front Office, Information Technology, Risk, Finance and other control functions and key stakeholders. As well be a key advisor to the front-office, Risk, Finance, and other key stakeholders providing insight and analysis on TDS and the Bank's fair value results.

Specific Responsibilities:

• Develop and steer the implementation of the framework, Policies, execution and reporting processes for Prudent Valuation Adjustments (PruVal) in TD Securities.
• Oversee the execution of UK and Dublin regional valuation committee
• Ensure the European regional fair value reporting and Financial fair value disclosure are following various Valuation Policies
• Liaise with global valuation and IPV team to review and challenge regional (European) valuation results.
• Liaise with internal auditor and regulators during examinations on valuation related topics
• Inform senior management and key stakeholders of any significant irregularities
• Identify opportunities and implement objectives to improve/streamline processes to sustain TDS business growth

Job Requirements

• Ability to lead and influence.
• Extensive experience in valuations policies, control and governance is a requirement.
• Expertise in Prudent Valuation Adjustment (PruVal) framework
• In-depth knowledge and experience working with capital markets, financial derivatives, valuations, accounting, and control practices.
• Keeping abreast of emerging issues, industry trends, new technologies and evolving regulatory requirements to proactively assess potential impact.
• Proven ability to build strong working relationships with business partners, stakeholders, and colleagues at all levels of the organization.
• Demonstrate resiliency in the face of new problems and/or challenges while adapting quickly to change.

Additional Information

• Pursuit or completion of professional accreditation (CPA/CFA/MBA) is an asset.
• Undergraduate or graduate degree in Finance, Mathematics (Engineering, Physics, Computer Science) or other quantitative disciplines
• Capital markets, finance, accounting, mathematics, or equivalent quantitative disciplines.
• Must have 10+ years' practical experience in Valuation team, experience in Prudent Valuation Adjustment (PruVal) process set up is preferred. Demonstrated deep expertise in valuation topics prescribed per regulatory/accounting rules and industry practice for IPV and valuation adjustment control processes.

Risk Management Responsibilities:

• Responsible for identifying and reporting Operational Risk Events in accordance with policy
• Responsible, along with all colleagues, to contribute in a positive way to TDGF's reputation and the management of Reputational Risk. Every employee is expected and required to follow ethical practices at all times, including compliance with applicable policies, legislation and regulations and support positive interactions with TDGF's stakeholders including clients, industry bodies, industry participants, public bodies, regulators and vendors.
• Responsible for good conduct and for contributing to the identification and management of Conduct Risk within their team and function

TD Policy Requirements:

It is your responsibility to demonstrate that you are fully aware of and adhere to internal TD Policies that relate to you, your business or other businesses for which you have any level of responsibility.

It is your responsibility to read, understand and comply with TD's Code of Conduct and Ethics (Code) and corresponding regulations. The Code establishes the standards that govern the way we deal with each other, our customers, shareholders, governments, regulators, suppliers, competitors, the media and the public at large. You will be notified of changes to policies in a timely manner through announcements and/or intranet updates.

You must act with integrity and due skill, care and diligence in carrying out your duties. Your actions should always be able to satisfy high standards of scrutiny.

Management should be kept fully informed at all times of all Regulatory and Compliance issues. You must deal with TD Management, Compliance, regulators and all control functions in an open and cooperative way and must disclose appropriately any information which TD Management, Compliance, regulators or control functions would reasonably expect to know.

You must ensure that you are fully aware of your management reporting lines and escalation procedures.

If you are a Manager/Supervisor you are also responsible for ongoing and effective supervision of the employees under your direction and ensure their adherence to regulatory requirements. You will promptly report to TD Management and Compliance any violation or possible violation of such regulatory requirements identified as part of your supervisory responsibilities.

You must take reasonable steps to demonstrate that you exercise due skill, care and diligence in managing and/or delegating your responsibilities outlined, appropriately.

It is your responsibility to be fully aware of:

• The scope of your management responsibilities.
• The TD Policies and regulatory requirements pertaining to the business/activities you are managing.
• The competence level of the staff, if any, reporting to you.
• The control limits and your ability, if any, to delegate them within your business.
• Demonstrate that you receive adequate and appropriate management reporting.

Appendix I: TD Framework & Culture:

The TD Framework is the foundation that helps guide the behaviour and shape the culture of the business. It outlines the vision, purpose, and the shared commitments that will help TD grow into the future.

Simply, it's about what they set out to do every day, and how they'll get there. The TD Framework is inspiring, yet easy to incorporate into the work they do. Most importantly, it has no borders - the Framework applies to everyone at TD, no matter what business, level or location.

The shared commitments are the behaviours that differentiate them and help guide the way they run the business, grow as leaders, and support their colleagues. They use these commitments throughout the Bank to help set objectives, evaluate performance, reward and recognize their colleagues and build the skills and capabilities they need to continue to succeed as an organisation.

At TD, they are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected, and supported. They are dedicated to building a workforce that reflects the diversity of their customers and communities in which they live and serve.

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 investment we make in our colleagues to help them, and their families achieve their well-being goals. Total Rewards at TD includes a base salary and several other key plans such as health and well-being benefits, including medical coverage, paid time off, 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.

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

If you require an accommodation for the recruitment / interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.