Director - U.S. Non-Trading Market Risk Management TDS (US)

TD Securities (USA) LLC; New York (NY); On-site; USD 170,000 - 210,000; Full time

Job summary

TD Bank Group in New York seeks a Director, Non-Traded Market Risk to provide independent oversight of interest rate risk, investment portfolio risk, and hedging activities. You will lead a team of associates and VPs, challenging portfolio performance and risk exposures while ensuring adherence to regulatory expectations.

The role requires deep expertise in IRRBB, risk governance, and strong communication with senior leadership across Treasury, Finance, and risk partners.

Qualifications

• Bachelor's degree required in finance, economics, math, stats, accounting, or related field.
• 10+ years in Treasury, ALM, or risk management roles.
• Strong understanding of IRRBB, balance sheet management, and treasury risk practices.

Responsibilities

• Provide independent oversight of interest rate risk and investment portfolio risk.
• Lead a team of associates and VPs; challenge portfolio performance and risk exposures.
• Assess hedging strategies and regulatory developments; communicate with senior management.

Skills

IRRBB knowledge

Risk management

Quantitative analysis

Leadership

Education

Bachelor's degree in Finance, Economics, Mathematics, Statistics, Accounting, or a related field

Job description

Work Location: New York, New York, United States of America

Hours: 40

Line of Business: Risk Management

Pay Detail: $170,000 - $210,000 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.

Job Description:

Director, Non-Traded Market Risk Position Overview The Director, Non-Traded Market Risk is responsible for providing independent oversight and challenge of the Bank's interest rate risk profile, investment portfolio strategy, and associated hedging activities. This role serves as a key second line of defense leader, ensuring that interest rate risks and investment portfolio risks are appropriately identified, measured, monitored, and managed within the Bank's risk appetite and regulatory expectations. The position works closely with Treasury, Finance, Model Risk Management, Credit Risk Management, and other Risk partners to provide effective governance and support sound risk management practices across the organization.

Key Responsibilities

• Interest Rate Risk & Investment Portfolio Risk
• Lead a team of associates and vice presidents who provide independent oversight of the Bank's non-traded market risks, including independent oversight of the Bank's investment portfolio risk profile.
• Review and challenge portfolio performance and risk exposures across economic value, earnings sensitivity, capital at risk, spread risk, and various valuation dimensions.
• Assess the effectiveness of portfolio hedging strategies, including the use of derivatives intended to manage interest rate risk.
• Assess emerging regulatory developments and determine their impact on the Bank's risk management framework.
• Escalate significant concerns, emerging risks, or limit breaches to senior management and relevant governance committees.
• Review balance sheet strategies and evaluate potential impacts to earnings, economic value, capital, and liquidity risk profiles.
• Evaluate portfolio sensitivity to changes in interest rates, yield curve shape, basis risk, spread movements, volatility, mortgage prepayments, and customer behavior assumptions.
• Ensure adherence to applicable regulatory requirements and industry guidance related to interest rate risk and balance sheet risk management.
• Support regulatory examinations, audits, and ongoing supervisory engagement activities.
• Communicate risk positions, emerging concerns, and recommendations to senior management and governance committees.
• Provide effective challenge to first-line business partners and effective partnership with second-line credit risk partners while maintaining constructive relationships.
• Assess the effectiveness of controls and identify opportunities to strengthen the risk management framework.
• Act as a trusted advisor and subject matter expert on non-traded market risk matters.
• Influence strategic decisions through independent risk perspectives and recommendations.

Qualifications Required

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, Accounting, or a related field.
• 10+ years of experience in Treasury, Asset Liability Management (ALM), Interest Rate Risk Management, Non-Traded Market Risk, Market Risk, or related disciplines.
• Strong understanding of Interest Rate Risk in the Banking Book (IRRBB), balance sheet management, and treasury risk management investment practices, including specific asset classes within the investment portfolio (e.g. MBS, CLO, CMBS).
• Experience evaluating interest rate risk measurement methodologies, behavioral assumptions, and hedging strategies.
• Strong analytical, critical thinking, and problem-solving skills.
• Excellent written and verbal communication skills, including experience presenting to senior executives and governance committees.
• Demonstrated ability to challenge effectively while maintaining strong stakeholder relationships.
• Preferred Advanced degree (MBA, Master's, or equivalent).
• Professional designation such as CFA, FRM, or PRM.
• Familiarity with U.S. regulatory guidance and expectations related to interest rate risk and asset-liability management, including Reg YY, SR 10-1, SR 96-13, and related supervisory guidance.

Leadership Expectations

• Lead with integrity and sound judgment while maintaining an independent risk perspective.
• Build and develop strong teams, as well as strong relationships across the organization.
• Drive enhancements to risk governance, reporting, and oversight practices to support the Bank's growth and evolving risk profile.
• Foster a strong culture of risk management, accountability, and continuous improvement.
• Stay current on emerging market, regulatory, and industry developments affecting interest rate and balance sheet risk.

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 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 Additional Information: We’re delighted that you’re considering building a career with TD.

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

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 [e-mail]. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.

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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.

Our Commitment to Diversity, Equity, and Inclusion

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.

Helping to Make an Impact in Communities – TD Ready Commitment

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