Manager: Governance & Controls: Models, Non-Models and Algos

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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.

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Department Overview

TDS Governance & Controls team (TDS G&C) is accountable to perform the 1B risk function (1st Line of Defense) supporting all TD Securities (TDS) businesses including Global Markets Infrastructure and Corporate Investment Banking (CIB).

Job Description

This role is part of Algos Models & Business Managed Tools team within TDS G&C. The team works very closely with business heads across all Global Markets businesses asset classes and regions. The team is also the point of contact for key internal partners including Algo Risk Control (ARC) Model Risk Model Validation Compliance Audit and regional leadership.

The purpose of this role is to build/enhance the Algo Governance program.

Algo Governance Program work with Algo/eTrading businesses globally while partnering with 2nd Line functions including Algo Risk Control (ARC) Compliance Operational Risk and Model Validation. The program covers all Global Markets businesses and asset classes including Foreign Exchange (FX) Fixed Income (FI) and Equities. Main accountabilities include but are not limited to:

• Enhance current change management processes to increase speed to market while aligning with risk appetite and regional requirements.
• Along with the ARC team establish clear roles and responsibilities for managing Algo Trading activities across the Three Lines of Defense.
• Establish monitoring framework for Algo trading activities and setup a process to regularly review and assess monitoring tools and processes.
• Work with 2nd Line partners to regularly assess the risks associated with Algo trading activities and to establish a framework to risk assess each Algo.
• Enhance the Algo Inventory including adding appropriate attributes and designing a solution to maintain the inventory (e.g. Confluence).
• Develop procedures for Issues Management including the timeline identification escalation and remediation of Operational Risk Events and regulatory violations.
• Collaborate with Global Market Supervision business heads Vendor Management and ARC to improve transparency and monitoring of Third-Party owned/developed Algos.

Job Requirements

• Direct experience with Algo Trading Risk in a 1st or 2nd line function.
• Risk management experience in a 1st or 2nd line function.
• Working knowledge of capital markets asset classes (e.g. fixed income FX equity/FI/FX derivatives) and regulatory environment.
• Strong communication skills with the ability to build relationships at multiple levels across both 1st line businesses and enterprise partners including 2nd line teams and audit.
• Advanced abilities in making decisions using a risk-based approach and articulating the rationale behind those decisions to various audiences.

The Manager II Governance & Control leads and manages a governance and control team overseeing diverse functions in an area of moderate risk complexity or scope usually involving short to medium-term planning. This role ensures an integrated approach with other business governance and control areas the broader organization and enterprise control functions.

Depth & Scope:

• Provides people management leadership by hiring the best talent setting goals developing staff managing employee performance and compensation decisions promoting teamwork and handling any/all disciplinary actions as required
• Leads and manages a team of professionals for a diverse group set of G&C functions in an area of moderate risk complexity or scope while growing talent developing skills and capabilities to achieve career goals support project/initiative success and achieve business results
• Presents and makes recommendations to senior management and executives
• Ensures an integrated approach with other business areas broader organization and enterprise as appropriate
• Coordinates and prioritizes multiple initiatives and manages resource allocation
• Establishes effective relationships with different Stakeholders Business Sponsors Executives and LOB
• Provides coaching mentorship and guidance to practitioners business executives within area of expertise
• Deep knowledge and understanding of businesses/technology and organizational practices/disciplines
• Focuses on medium-term planning and business issues (e.g. 6-12 months)

Education & Experience:

• Undergraduate degree preferred
• 7 years of relevant experience
• Advanced business understanding and knowledge of risk and control functions
• Advanced knowledge of governance risk and control procedures strategies & tactics
• Knowledge of risk management environment standards regulations and mitigation
• Knowledge of current and emerging trends
• Skill in managing budgets and resource allocation
• Skill in mentoring coaching and performance management
• Skill in using analytical software tools data analysis methods and reporting techniques
• Skill in using computer applications including MS Office
• Ability to lead plan implement and evaluate program/project activities to ensure completion
• Ability to communicate effectively in both oral and written form
• Ability to work collaboratively and build relationships across teams and functions
• Ability to work successfully as a member of a team and independently
• Ability to exercise sound judgement in making decisions
• Ability to analyze organize and prioritize work while meeting multiple deadlines
• Ability to process and handle confidential information with discretion
• Ability to establish goals and objectives that support the strategic plan
• Ability to contribute to strategic direction of the strategic initiatives and projects

Customer Accountabilities:

• Develops communicates and implements a holistic governance and control strategy for own specific business function in support of and integrated with the overall business strategy
• Manages and plans activities that require alignment across multiple areas
• Leads the implementation of regulatory change management and provides guidance to the team in the development and/or integrated implementation of policies/procedures/changes across multiple business/functional areas
• Leads partnership with management and respective teams for area of specialization with industry enterprise and business awareness; recognizing and anticipating emerging trends and; identifying issues and opportunities and recommending actions to senior management
• Ensures all administration control and compliance activities are complete and accurate to meet targets for own area
• Ensures an integrated and aggregated view of all related business risk and control activities across the overall function providing escalations recommendations and decision support to leadership
• Forecasts programs/initiatives and demand and coordinates prioritization of the portfolio/initiatives with key stakeholders
• Provides functional/business level communications to ensure messages to stakeholders and/or employees are consistent appropriate and aligned to business risk strategies and executive management direction
• Provides direction to complex wide-ranging enterprise or cross-function/business projects as a SME and participates in designing testing and implementation of solutions

Shareholder Accountabilities:

• Works closely with senior management to develop business plan ensuring the optimal use of resources and leverages TDs operating model to maximize efficiency effectiveness and scale
• Leads interface and relationships with corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements
• Assesses/identifies key issues and escalates to appropriate levels and relevant stakeholders and business management where required
• Identifies mitigates and reports on risk issues per enterprise policy/guidance and ensures appropriate escalation processes are followed
• Ensures business operations are in compliance with applicable requirements (e.g. financial controls segregation of duties transaction approvals and physical control of assets)
• Leads or contributes to cross-functional/enterprise initiatives as a SME helping to identify risk/provide guidance for complex situations
• Manages oversight process risk-based identification and monitoring of related risks and regulatory compliance across the supported functions while ensuring key controls and processes are effectively managed
• Oversees or leads the facilitation and/or implementation of action/remediation plans to address performance/risk/governance issues
• Protects the interests of the organization identifies and manages risks and escalates non-standard high-risk transactions/activities as necessary
• Maintains a culture of risk management and control supported by effective processes in alignment with risk appetite

Employee/Team Accountabilities:

• Responsible for management of the overall team providing both leadership guidance and expertise; ensures team adheres to enterprise frameworks and methodologies
• Supports team in staying knowledgeable on emerging issues trends and evolving regulatory requirements and assesses potential impacts to the Bank
• Leads a high-performing team; provides ongoing feedback and performance reviews coaches and develops employees and ensures performance management activities are undertaken and completed for all employees
• Leads the process of setting performance objectives for the team; tracks monitors and effectively addresses and/or rewards performance in a timely manner
• Manages employees in compliance with all human resources policies procedures and guidelines of conduct
• Supports an environment where team freely escalates business challenges; facilitates change through positive reinforcement of milestones and successes
• Recruits for all hires to ensure a highly diverse qualified workforce to achieve business objectives
• Establishes and fosters a cohesive team; promotes a fair and equitable environment that supports a diverse workforce and encourages the team to achieve common goals and objectives
• Acts as a brand ambassador for your business area/function and the Bank

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate government and institutional clients who choose us for our innovation execution and experience. With more than 6500 professionals operating out of 40 cities across the globe we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues providing trusted advice and industry-leading insight extending access to global markets and delivering integrated transaction banking 2023 we acquired Cowen Inc. offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise while growing our strong diversified investment bank. We are growth-oriented people-focused and community-minded. As a team we work to deliver value for our clients every day.

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 base salary and variable compensation/incentive awards (e.g. eligibility for cash and/or equity incentive awards generally through participation in an incentive plan) and several other key plans such as health and well-being benefits savings and retirement programs paid time off (including Vacation PTO Flex PTO and Holiday PTO) banking benefits and discounts career development and reward and recognition. 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.

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

TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin age disability status as a protected veteran or any other characteristic protected under applicable federal state or local law.

If you are an applicant with a disability and need accommodations to complete the application process please email TD Bank US Workplace Accommodations Program at . Include your full name best way to reach you and the accommodation needed to assist you with the applicant process.