manager, banking operations

TD Bank; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Group Manager II for Market Risk. This full-time permanent role offers a competitive hourly salary ranging from $35.90 to $86.54. The successful candidate will play a key role in risk management within the organization.

Job description

Job details

Work Location: Toronto, Ontario, Canada

Hours: 37.5

Line of Business: Risk Management

Pay Details: $91,200 - $136,800 CAD

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. 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.

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 Prime 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 possess 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 firm\'s 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 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 team\'s adherence to internal standards with regards to violations and the escalation.

Additional details

• Location: Toronto, ON
• Work location: On site
• Salary: $35.90 to $86.54 HOURLY
• Terms of employment: Permanent employment, Full time
• Starts as soon as possible
• Vacancies: 1 vacancy
• Source: CareerBeacon #2183887

Advertised until

2025-11-28

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