Associate, Financial Resource Management (FRM) – xVA Structuring and Optimization

TD Bank Group; New York (NY); On-site; USD 150,000 - 200,000; Full time

Job summary

TD Bank Group is seeking an Associate for the Financial Resource Management (FRM) team in New York. You will help price and structure derivatives, focusing on xVA and the bank's resource costs, while collaborating with Sales, Trading, and Quant teams to optimize capital and funding efficiency.

The role offers broad exposure across asset classes and the chance to influence pricing capabilities and strategic initiatives within the derivatives business.

Qualifications

• Bachelor's degree or equivalent.
• 3+ years related experience.
• Strong communication, analytical and problem-solving skills.

Responsibilities

• Support pricing and structuring of derivative transactions across asset classes with accurate xVA incorporation.
• Contribute to development and enhancement of the xVA framework, methodologies, and analytics.
• Analyze capital, funding, liquidity, and counterparty credit constraints on transactions and client portfolios.
• Identify optimization opportunities to improve use of financial resources while supporting business objectives.
• Collaborate with Front Office teams to evaluate transaction economics and client solutions.
• Build relationships across traders, salespeople, quants, and risk managers to drive actionable insights.

Skills

Python

Excel

Quantitative analysis

Derivatives knowledge

Education

Bachelor's degree

Job description

## Associate, Financial Resource Management (FRM) – xVA Structuring and OptimizationApplyremote type: On Sitelocations: New York, New Yorktime type: Full timeposted on: Posted Todayjob requisition id: R\_1502454**Work Location**:New York, New York, United States of America**Hours:**40**Line of Business:**TD Securities**Pay Detail:**$150,000 - $200,000 USDTD 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:**The Financial Resource Management (FRM) team is responsible for optimizing the firm's financial resources across its derivatives businesses, including capital, and counterparty risk. As part of the xVA Desk, the team partners closely with Sales, Trading, Structuring, Quantitative Analytics, Risk Management, Treasury, and Technology to ensure that derivative pricing appropriately reflects the economic cost of the bank's resources while supporting client activity and business growth.The Associate role provides broad exposure across all asset classes and offers a unique opportunity to contribute to derivative pricing, structuring, resource optimization, and strategic initiatives that influence the firm's derivatives business.The successful candidate will work with senior members of the desk to develop solutions that optimize capital, funding, liquidity, and counterparty credit resources while enhancing the bank's xVA framework and pricing capabilities.**Key Responsibilities:*** Support the pricing and structuring of derivative transactions across all major asset classes, ensuring accurate incorporation of xVA and financial resource costs.* Contribute to the development and enhancement of the bank's xVA framework, methodologies, and analytics across rates, FX, credit, commodities, and equities businesses.* Analyze the impact of capital, funding, liquidity, balance sheet, and counterparty credit constraints on derivative transactions and client portfolios.* Assist in identifying optimization opportunities that improve the efficient use of the bank's financial resources while supporting business objectives.* Partner with Sales and Trading teams to evaluate transaction economics and develop resource-efficient client solutions.* Develop strong relationships across Front Office businesses and become a trusted partner to traders, salespeople, structurers, quants, and risk managers.* Collaborate with Quantitative Analytics, Technology, Risk, Treasury, and Product Control teams on strategic initiatives and model enhancements.* Support the development of analytical tools and reporting infrastructure used to measure and manage xVA-related impacts.**Depth & Scope:*** Gathers, researches information and analyzes the market* Executes detailed data analysis and valuation* Provides in-depth market reports and expert recommendations* Identifies issues affecting clients and provides recommendations to remedy* Develops deep client relationships and presents new ideas to clients* Executes trades and secures deals with new clients* Keeps market-making traders informed of relevant issues with their customers and products* Obtains market prices from market-making traders and executes the trade* Ensures all trades are confirmed with the broker/dealer* Inputs trades (post execution), and Verifies transactions meet company policies and followed approved guidelines* Researches and resolves trade discrepancies* Confirms trade blotters against trades booked in systems* Coordinates with back office on all failed trade status and communicates to front office* Coordinates with back office on position breaks and reports to the front office* Assists traders in mark-to-market process* Coordinates trade reconciliation discrepancy resolution with back office* Looks for ways to improve work flow efficiencies* Reads and understands the Trading Supervision Standard* Demonstrates governance, control and risk management behaviours in alignment with TD policies and practices**Education & Experience:*** Bachelor's degree, or specialized training / equivalent work experience* 3+ Years of related experience* Ability to work independently with minimal supervision, establishes priorities, and possesses strong communication, analytical and problem solving skills* Management experience and solid computer skills a must**Preferred Qualifications:*** Undergraduate or graduate degree in Finance, Mathematics, Physics, Engineering, Computer Science, Economics, or a related quantitative discipline.* Strong analytical and quantitative problem-solving skills.* Excellent written and verbal communication skills.* Exceptional attention to detail and commitment to accuracy.* Demonstrated intellectual curiosity and a desire to understand how derivatives businesses operate across asset classes.* Ability to manage multiple priorities and work effectively in a fast-paced environment.* Strong interpersonal skills and ability to build relationships across diverse stakeholder groups.* Proficiency in Excel and data analysis tools; programming experience in Python, or similar languages is a must.* Knowledge of derivatives products and financial markets.* Understanding of valuation adjustments, counterparty risk, capital, funding, liquidity, or quantitative finance concepts.* Experience with quantitative modeling, analytics, or financial resource optimization is a plus.**Physical Requirements:**Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%* Domestic Travel – Occasional* International Travel – Never* Performing sedentary work – Continuous* Performing multiple tasks – Continuous* Operating standard office equipment - Continuous* Responding quickly to sounds – Occasional* Sitting – Continuous* Standing – Occasional* Walking – Occasional* Moving safely in confined spaces – Occasional* Lifting/Carrying (under 25 lbs.) – Occasional* Lifting/Carrying (over 25 lbs.) – Never* Squatting – Occasional* Bending – Occasional* Kneeling – Never* Crawling – Never* Climbing – Never* Reaching overhead – Never* Reaching forward – Occasional* Pushing – Never* Pulling – Never* Twisting – Never* Concentrating for long periods of time – Continuous* Applying common sense to deal with problems involving standardized situations – Continuous* Reading, writing and comprehending instructions – Continuous* Adding, subtracting, multiplying and dividing – ContinuousThe above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.