Group Manager – Prime Brokerage (2254 )

Work Location:

Hours:

Line of Business:

Pay Details:

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 candidates 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

Prime Brokerage sits within Capital Markets Risk Management (CMRM) which is responsible for the market and credit risk reporting for TD Securities. A global multi-faceted and cross product team the primary objective of the Prime Brokerage department is the mitigation of counterparty credit risk through the active monitoring of clients collateral and OTC and Security Financing Transactions (SFT) to ensure collateral levels provide adequate coverage of the exposures the clients have with TD Bank. The team manages both the Canadian Prime Brokerage and US Rime Services risk reporting.

The team has a rare opportunity to be exposed to risk management of Hedge Funds and professional investors. Products monitored include equities options bonds warrants Repos and Over-The-Counter Derivatives. The team manages a wide range of complex processes with members developing skills and competencies around derivatives regulatory margin requirements stress testing review of portfolio liquidity and concentration and independent price verification (IPV).

Position Summary

You are required to demonstrate governance control and risk management behaviours in alignment with TD policies and practices. It is your responsibility to ensure that execution of your function is line with documented procedures specific to your role or business.

The role will involve close partnership and interaction with a wide range of areas including credit middle office legal front office settlements market risk control credit risk management and others. The ideal candidate would posse strong communication skills along with deep knowledge of the markets financial products risk management controls and regulatory margin requirements. Furthermore the candidate will be required to demonstrate the ability to coach and develop the skillsets of analysts that are under their management and possess a strong understanding of the analytical principles underlying the various trading strategies of Prime Brokerage clients.

Job Accountabilities:

• Lead a team of analysts by providing leadership supervision coaching evaluation of performance and empowerment.
• Manage the recruitment process for vacancies on the team.
• Daily monitoring of client portfolios issuing and receiving collateral calls to ensure the firms credit risk is mitigated.
• Leading Forum presentations to senior management.
• Managing CAD Prime Brokerage and USPS/RegT Policy reporting requirements and analysis.
• Implement change to support policy changes and operational efficiency.
• Design collateral management operating procedures that comply with internal policies
• Relationship management with clients and front office
• Effectively challenge propose and champion projects to improve efficiencies to provide more effective business support.
• Providing information and analysis to partners to as to portfolio risks and the business level exposures across product type seniority industry country etc.
• Track and be informed about regulatory changes and industry related initiatives.
• Responsible for the teams adherence to internal standards with regards to violations and the escalation of production issues and ensuring that all late or missing reports and related process metrics are recorded documented and explained appropriately.
• Ensure internal control processes are adequate and documented appropriately as per the governance standards including establishing appropriate review and assessment of the quality of outputs based on business standards.
• Managing operational risk (e.g. cross-training escalation error reporting documentation and audit).

Additional Responsibilities:

• Establish an environment that promotes respect for individual employee and adheres to the policies and guidelines of the Bank.
• Provide leadership direction advice and guidance to the 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.
• Initiate actions to further improve your own and the teams skills and performance by continuously looking for opportunities for professional development.
• Promote innovation and continuous improvements in terms of efficiency
• Demonstrate TDs Leadership Profile in all professional and personal activities
• Create and maintain an environment conducive to the timely identification and escalation of issues
• Managing relationships with other areas including sharing knowledge and identifying opportunities to leverage complementary skills.

Job Requirements:

• Strong interpersonal skills are required as the candidate will be relied upon to lead a team
• Self-starter with a high degree of initiative and the ability to learn and adapt quickly
• Strong analytical skills and attention to detail
• Excellent written and verbal communication skills ability to explain confidential and complex issues as well as experience with recommending changes to management.
• Knowledge of financial instruments regulations and market risk metrics gained through academic study or practical experience.
• Strong organizational follow-up and priority-setting skills to handle multiple tasks/projects
• Candidates with experience in Risk Management roles familiarity with CIRO and FINRA regulations and familiarity the principals governing portfolio management will be favourably positioned
• Technical skills (Excel/SQL/VBA etc) and the CFA and FRM credentials will also be viewed favorably

Who We Are:

TD is one of the worlds 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 95000 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 youve 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 were 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:
Were delighted that youre considering building a career with TD. Through regular development conversations training programs and a competitive benefits plan were 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 youre interested in a specific career path or are looking to build certain skills we want to help you succeed. Youll 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 were committed to helping you identify opportunities that support your goals.

Training & Onboarding
We will provide training and onboarding sessions to ensure that youve got everything you need to succeed in your new role.

Interview Process
Well 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 youd 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):