Market Risk Specialist, xVA (5113)

TD; Toronto; On-site; CAD 97,000 - 137,000; Full time

Job summary

TD in Toronto is seeking a Market Risk Specialist to lead market risk oversight of the xVA desk and to develop an independent view of current market conditions and risk positions. You will work closely with Front Office, design stress tests, and promote risk education across teams.

The role requires deep capital markets knowledge, 5+ years experience, and strong leadership and communication skills. Opportunities exist for growth within TD's Risk Management framework and broader compensation and

Qualifications

• Minimum of five years of market risk or trading experience.
• Deep capital markets knowledge with expertise in market risk and control functions covering derivatives, sales/trading/hedging strategies with focus on XVA and CCR.
• Strong understanding of risk measurement concepts including VaR, FRTB, SA-CVA, Stress Testing.
• Excellent interpersonal, team building and leadership skills.
• Undergraduate or graduate degree in Finance, Economics, Mathematics, or related discipline.

Responsibilities

• Provide effective market risk oversight of the xVA desk as a senior member of the Market Risk team.
• Develop a strong independent view of current market conditions, market risk of desk positions, and xVA methodology.
• Maintain close contact with Front Office, including business heads and senior traders regarding trading strategies, market conditions, risk positions, liquidity, P&L, and new initiatives.
• Promote collaboration and provide insight and education with respect to trading businesses.
• Develop market risk policy for relevant trading business; design stress tests and scenarios highlighting key market risks.
• Maintain understanding of regulatory landscape related to risk reporting and xVA (CVA, FRTB) and provide data analysis for discussions with Trading Desk.
• Analyze new product requests to ensure market risks are understood and risk limits/controls are established.
• Communicate risk issues to all levels of Risk Management, other control groups and front office.
• Provide coaching and mentorship within Market Risk team.

Skills

Market Risk

Leadership

Communication

Education

Finance/Economics/Mathematics degree

Job description

Work Location:

Toronto, Ontario, Canada

Hours

37.5

Line Of Business

Risk Management

Pay Details

96,900.00 - 136,800.00 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. 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

Reporting to the Head of Market Risk, XVA & Capital Optimization Desk Coverage, the Market Risk Specialist's accountabilities include:

• As a senior member of the Market Risk team, provide effective market risk oversight of the xVA desk.
• Develop a strong independent view of current market conditions, the market risk of the desk's positions, as well as xVA methodology.
• Maintain close contact with TDS Front Office, including business heads and senior traders regarding trading strategies, market conditions, risk positions, liquidity, profit and loss, and new initiatives.
• Work closely with the team to promote collaboration and to provide insight and education with respect to the trading businesses.
• Develop market risk policy for the relevant trading business with the objective of providing effective market risk oversight. Design stress tests and scenarios that highlight key market risks.
• Maintain an understanding of the regulatory landscape related to risk reporting and xVA (e.g., CVA Capital and FRTB) and provide data analysis to facilitate discussion with Trading Desk.
• Analyze new product requests to ensure that market risks are well understood and that appropriate market risk limits and controls are established.
• Effectively communicate risk issues to all levels of the Risk Management organization, other control groups and the front office.
• Provide coaching and mentorship within Market Risk team.

Job Requirements

• Minimum of five years of market risk or trading experience
• Deep capital markets knowledge with expertise in market risk and control functions covering derivatives, sales/trading/hedging strategies with a particular focus on XVA and CCR.
• Solid understanding of risk measurement concepts and methodologies including VaR, FRTB, SA-CVA, Stress Testing etc. coupled with an understanding of broader regulatory and financial concepts.
• Excellent interpersonal, team building and leadership skills.
• Undergraduate or graduate degree in Finance, Economics, Mathematics, or other relevant discipline.
• Ability to thrive within an environment with a high level of complexity and ambiguity. Keen interest in learning and a high level of curiosity regarding financial markets and products.
• Organizational awareness and demonstrated relationship building skills, with a superior ability to make things happen through the use of positive influence.
• Advanced critical thinking, analytical and problem solving skills.
• Skillful written and verbal communication skills.
• A high level of integrity, earning the respect and trust of peer groups.
• CFA or FRM candidates preferred.
• Self-motivated and willing to take ownership and initiative with a positive attitude.

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 strive to make every interaction, product, and experience remarkably human and refreshingly simple for 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 foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

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.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

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.

Language Requirement (Quebec Only)

Sans Objet