Associate, Market Risk Control - US Prime Services
TD Securities (USA) LLC
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Job summary
TD Securities (USA) LLC is seeking an Associate for Market Risk Control in US Prime Services. You will support risk identification, monitoring, and mitigation across prime brokerage activities, leveraging data analytics and automation to strengthen risk decisions in a fast-paced environment.
The role requires 3+ years in market risk or related fields, strong technical skills in Python/SQL/Power BI, and effective communication across large teams.
Qualifications
- Minimum 3 years of experience in market risk, counterparty credit risk, margin, collateral management, Prime Brokerage risk, or related capital markets function.
- Strong understanding of capital markets products and risk management concepts, including equities, fixed income, derivatives, and financing transactions.
- Excellent analytical, quantitative, and problem‑solving skills with the ability to assess risk exposures and make sound recommendations.
- Strong communication and interpersonal skills with the ability to interact effectively across business and functional teams.
Responsibilities
- Monitor Prime Brokerage client portfolios and identify emerging market, credit, concentration, liquidity, and counterparty risks.
- Prepare risk dashboards, portfolio analytics, and management reporting for senior management and regulators.
- Utilize data analytics, automation and AI-enabled tools to improve risk monitoring and reporting efficiency.
- Collaborate with Front Office, Operations, Credit Risk, Market Risk, Legal, Compliance, Technology, and Project teams.
Skills
Education
Tools
Job description
Work Location: New York, New York, United States of America
Hours: 40
Line of Business: Risk Management
Pay Detail: $90,000 - $125,000 USD
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.
TD Securities provides a wide range of M&A advisory, capital markets products, and services to corporate, government, and institutional clients. The firm serves clients globally, with a strategic presence in key financial centers including Toronto, Montreal, Calgary, Vancouver, New York, London, Singapore, and Tokyo.
The role is within the Market Risk Control team and is responsible for supporting the risk management activities of the US Prime Services business. The successful candidate will contribute to the identification, monitoring, and mitigation of counterparty market and credit risk arising from Prime Brokerage client activity. This role requires strong analytical and problem‑solving skills, sound risk judgment, and the ability to leverage data, technology, and automation to support effective risk management decisions in a fast‑paced environment.
- Risk Management & Portfolio Oversight
- Monitor Prime Brokerage client portfolios and identify emerging market, credit, concentration, liquidity, and counterparty risks.
- Apply sound risk judgment to day‑to‑day risk management situations, escalating material issues and recommending appropriate risk mitigation measures.
- Assist with the oversight of margin, collateral, and risk management processes to ensure alignment with TD's risk policies and risk appetite.
- Assess the impact of market events and stress scenarios on client exposures and portfolio risk profiles.
- Risk Analytics & Reporting
- Prepare risk dashboards, portfolio analytics, and management reporting for senior management, risk committees, and regulatory discussions.
- Analyze portfolio exposures and emerging risk trends, supporting enhancements to risk monitoring, stress testing methodologies, margin frameworks, and risk management practices.
- Contribute to the development and implementation of risk management policies, controls, and infrastructure improvements.
- Data, Automation & Innovation
- Utilize data analytics, automation, and AI‑enabled tools to improve risk monitoring, reporting efficiency, and decision‑making processes.
- Work with large and complex datasets from multiple internal and external sources to support risk analysis, portfolio monitoring, and business insights.
- Identify opportunities to enhance operational efficiency through automation, workflow optimization, and strengthened controls.
- Partner with Technology and Data teams to develop analytical solutions and improve the firm's risk management capabilities.
- Stakeholder Management
- Collaborate closely with Front Office, Operations, Credit Risk, Market Risk, Legal, Compliance, Technology, and Project teams.
- Communicate risk issues, recommendations, and analytical findings effectively to stakeholders across varying levels of seniority.
- Participate in business, regulatory, and strategic initiatives impacting the Prime Brokerage platform.
- Minimum 3 years of experience in market risk, counterparty credit risk, margin, collateral management, Prime Brokerage risk, or a related capital markets function.
- Strong understanding of capital markets products and risk management concepts, including equities, fixed income securities, derivatives, and financing transactions.
- Excellent analytical, quantitative, and problem‑solving skills, with the ability to assess risk exposures and make sound recommendations.
- Strong communication and interpersonal skills with the ability to interact effectively across business and functional teams.
- Ability to work independently in a fast‑paced environment while managing competing priorities and deadlines.
- Data & Technology Skills: Experience working with large and complex datasets to support risk analysis, portfolio monitoring, reporting, and business decision‑making.
- Strong data analytics and automation capabilities, including experience with tools such as Python, SQL, Power BI, Excel, or comparable technologies.
- Experience developing automated reporting, dashboards, analytical tools, or workflow efficiencies.
- Familiarity with AI‑enabled technologies and demonstrated ability to leverage them responsibly to enhance analytical workflows, reporting, and operational effectiveness.
- Ability to quickly learn new technologies and apply them to solve business and risk management challenges.
Preferred Working knowledge of Prime Brokerage products and services, including margin methodologies, financing products, securities lending, or synthetic prime brokerage.
Experience participating in regulatory, technology, or business transformation initiatives involving multiple stakeholders.
Undergraduate degree in Finance, Economics, Mathematics, Statistics, Engineering, Computer Science, Business, or a related quantitative discipline.
CFA, FRM, or other relevant professional designation is considered an asset.
The Associate – Risk TDS brings transparency to the market risks in TDS. This is achieved by taking a leadership role in the accurate, objective assessment of all key market risks in all trading portfolios in TDS through the identification, understanding and control of these risks. The Associate – Risk TDS will serve as a point person to provide oversight in regards to market risk control for trading desks in the region.
- Assists in the identification of all key market risks and determines appropriate risk metrics to assess these risks;
- Maintains thorough understanding of all key risk and risk‑related issues through continual review of risk reports/related data and dialogue with relevant parties.
- Establishes dialogue with TDS trading desks in regards to current positions, key risks, views and strategies.
- Assists in the establishment of formal market risk policies and procedures and ensures on‑going suitability to business evolution.
- Assists with local market risk regulatory issues.
- Develops a thorough understanding of business strategies and key factors contributing to profitability; involved in P&L attribution and periodic performance analysis with commentary linking the desks’ performance to specific trading strategies, positions, market conditions and underlying risks.
- Facilitates the design of appropriate stress tests and scenarios that will highlight key market risks, in specific business lines and in the firm as a whole, under stress situations and provides ongoing commentary on stress results.
- Provides periodic analysis and commentary of key market risks for senior management review.
- Keeps abreast of new risk management techniques and industry literature.
- Demonstrates governance, control and risk management behaviors in alignment with TD policies and practices.
- Ensures that execution of your function is in line with documented procedures specific to your role or business.
- Bachelor’s degree in a related field required or progressive work experience.
- 3+ Years of related experience.
- 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.) – Never Lifting/Carrying (over 25 lbs.) – Never Squatting – Never Bending – Never Kneeling – Never Crawling – Never Climbing – Never Reaching overhead – Never Reaching forward – Never 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 – Continuous.
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 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.
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.
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.
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.
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 USWAPTDO@td.com. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.
Our Values
At TD we’re guided by our purpose to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and guide our behavior. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career and be part of our caring and inclusive culture.
At TD, we’re committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We’re dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve.
TD has a long‑standing commitment to help drive progress towards a more inclusive and sustainable future. That’s why we launched the TD Ready Commitment in 2018, now a multi‑year North American initiative. Under the TD Ready Commitment, we are targeting a total of C$1 billion by 2030 in community giving across four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It’s our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities. Learn more: Canada | US | Europe & Asia Pacific
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