TDS Operations Analyst III

TD; Toronto; On-site; CAD 70,000 - 98,000; Full time

Job summary

TD Securities is seeking a candidate in Toronto for the Funding and Money Market Middle Office to help manage USD payments flow, Nostro accounts, and internal funding. You will partner with front office and other groups to meet SLAs and support daily funding operations.

The role requires an analytical mindset, strong Excel skills, and a proactive approach to risk and process improvement within a global bank environment.

Qualifications

• Undergraduate degree in Economics, Actuarial Science, Mathematics, Statistics or related discipline.
• Minimum three years’ experience in an Analytical role at a financial institution.
• Advanced proficiency in Excel; VBA macro skills are an asset.

Responsibilities

• Manage, analyze, and direct USD dollar payments flow for main trading Nostro using tools like IDL and LCM.
• Investigate exceptional Nostro account balances for TD Securities.
• Manage the Daily Funding Requirement platform and internal funding relationships with funding desks.
• Assist manager to approve and release daily transactions.
• Provide guidance to junior analysts when issues arise.
• Identify and manage risk, and adapt to fast-changing environments.

Skills

Communication

Analytical thinking

Problem solving

Attention to detail

Teamwork

Client service

Adaptability

Education

Undergraduate degree in Economics/Actuarial Science/Math/Stats

Tools

Excel

VBA macro

Job description

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

TD Securities

Pay Details:

$69,700 - $98,400 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:

Department Overview

Funding and Money Market Middle Office is part of Capital Market Middle Office and partners with the front office and other areas within TD Securities globally to mitigate risk for TD and our clients.

We are a Global team that is responsible for the cash management of TD Securities’ external Trading bank accounts and for determining TD Securities Internal funding requirements and communicating these to the appropriate funding desks.

Funding and Money Market Middle Office team communicates daily with both internal and external business groups such as various front office partners, offshore offices, and externally with Correspondent banks to meet our Service Level Agreement. In addition, this group manages confirmations, settlements and trade support process for TD Securities’ Money Market trading activities.

The team is heavily involved in strategic initiatives, business development, and process improvements to drive efficiency, improve client service levels, and reduce risk.

Position Summary

Who you are

• You can demonstrate experience and knowledge of Money Market products through industry experience in capital markets, operations, risk and/or control functions.

• You put our clients first. You engage with purpose to find the right solutions. You go the extra mile because it’s the right thing to do.

• You have a passion for simplification. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends

• You understand that success is in the details. You notice things that others don’t. Your critical thinking skills help to inform your decision making.

• You’re driven to succeed. You are motivated by accomplishing your goals and delivering your best to make an impact. You have the ability to think conceptually (“out-of-the-box”) and exercise good business judgment and problem solving skills.

Specific Accountabilities and Responsibilities

• Manage, analyze, and direct USD dollar payments flow for main trading Nostro by utilizing various applications such as Intraday Liquidity Tool (IDL) and Liquidity Control Manager (LCM).

• Investigate exceptional Nostro account balances under TD Securities

• Manage the Daily Funding Requirement platform and the Internal funding relationship setups with various Funding desks

• Assist manager to approve and release daily transactions

• Provide guidance to Junior Analysts when issue arise

• Manage change and deal with ambiguity effectively in a rapidly changing environment

• Identify, understand and manage risk appropriately

Accountabilities to the Customer:

• Process transactions accurately and on time
• Escalate processing issues where necessary to ensure a high level of service is maintained
• Serve clients as required- adhere to Service Level Agreements and internal service delivery standards
• Identify opportunities to improve service delivery, support process improvement initiatives

Accountabilities to the Shareholder:

• Prioritize and manage own workload to meet SLA requirements for service and productivity
• Follow firm and industry regulations and operating practices in completing and recording transactions for either the firm or clients
• Escalate non-standard or high risk transactions or other activities as appropriate
• Ensure documentation prepared/ completed is accurate and properly reflects client/ business intentions and is consistent with relevant rules/ regulations
• Complete investigations- report/ elevate risk issues identified or process gaps
• Assist in analysis, development, testing and implementation of operating and process improvements

Accountabilities to the Team:

• Participate fully as a member of the team, promote team effectiveness and contribute to a positive work environment
• Support the team by continuously developing knowledge in own area
• Participate in performance management and development activities
• Keep others informed and up-to-date about the status/ progress of projects and all relevant or useful information related to day-to-day activities

Capability Requirements:

• Excellent communication and interpersonal skills
• Intellectual curiosity, passion for innovation and simplification
• Design, creativity and problem solving skills
• Aptitude for building relationships and ability to communicate complex issues to a wide array of business partners with differing levels of product experience
• Self-motivated and proactive team player, who takes ownership and accountability
• Strong organizational skills and the ability to effectively manage competing priorities in a fast paced environment
• Proven analytical skills, problem solving ability, and meticulous attention to detail
• Strong sense of teamwork
• Commitment to excellence and client service
• leadership
• Ability to develop and maintain positive relationships with a network of contacts throughout the banking industry and act as a consultant to the different groups within the Bank such as Front Office, Finance and Technology

Education/Accreditations:

• Undergraduate degree in Economics, Actuarial Science, Mathematics, Statistics or other discipline.
• Advanced proficiency in Excel
• Ability to create VBA macro would be considered an asset
• Minimum three years’ of experience in an Analytical role at a financial institution

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 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple. 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 solutions. In 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.

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