Head of Market Risk, US Prime Brokerage

CFA Institute; New York (NY); On-site; USD 200,000 - 230,000; Full time

Job summary

TD Bank in New York seeks a seasoned Head of Market Risk for US Prime Brokerage. Lead the global risk framework, partner with front-office and analytics teams, and translate complex risk insights into actionable guidance for senior management.

The role demands 10+ years in market risk, strong leadership, and fluency across asset classes with regulatory awareness. Competitive compensation and strategic influence offered.

Qualifications

• Bachelor's degree required; advanced degree in Mathematics, Finance, Economics, or related field, CFA designation strongly preferred.
• 10+ years of deep market risk experience, ideally in Prime Brokerage or complex trading environments.
• Proven ability to lead and develop high-performing teams with mentorship and talent management.
• Expertise across asset classes and strong understanding of market structure and risk drivers.

Responsibilities

• Own and evolve the market risk framework, including margin and gap risk methodologies, ensuring forward-looking and scalable coverage.
• Lead end-to-end oversight of market risk across the US Prime Brokerage platform with robust analytics and metrics.
• Partner with Counterparty Credit, Counterparty Analytics, and Trading to deliver comprehensive risk coverage.
• Act as a trusted advisor to trading desks, providing insight into positions, market dynamics, and strategic risk considerations.
• Drive governance by establishing policies, procedures, and controls for risk identification and management.
• Translate risk insights into action by briefing senior leadership and influencing mitigation strategies.
• Engage with regulators to ensure transparency, compliance, and alignment with evolving expectations.
• Lead stress testing and scenario analysis across products, business lines, and firm-wide environments.
• Foster a risk-aware culture with proactive dialogue among stakeholders.

Skills

Market risk

Leadership

Cross-functional

Analytics

Regulatory

Stakeholder communication

Strategic thinking

Education

Bachelor's degree

Advanced degree in Math/Finance/Economics

CFA designation preferred

Job description

Work Location

New York, New York, United States of America

Hours

40

Line of Business

Risk Management

Pay Detail

$200,000 - $230,000 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

Head of Market Risk - US Prime Brokerage

We are seeking a highly experienced and strategic Head of Market Risk to lead risk oversight for our US Prime Brokerage business. This role is critical in shaping and executing the firm's market risk framework, ensuring robust governance, and enabling informed business growth through disciplined risk management.

What You'll Do

• Own and evolve the market risk framework, including margin and gap risk methodologies, ensuring they remain forward-looking, scalable, and aligned with the firm's risk appetite.
• Lead end-to-end oversight of market risk across the US Prime Brokerage platform, identifying emerging risks and implementing best-in-class analytics and metrics.
• Partner closely with Counterparty Credit, Counterparty Analytics, and Trading teams to deliver comprehensive risk coverage and a unified view of exposures.
• Act as a trusted advisor to trading desks, providing insight into positions, market dynamics, and strategic risk considerations.
• Drive risk governance, establishing and maintaining policies, procedures, and controls that underpin effective risk identification and management.
• Translate complex risk insights into action, briefing senior leadership on key exposures and influencing risk mitigation strategies.
• Engage with regulators, ensuring transparency, compliance, and alignment with evolving regulatory expectations.
• Lead stress testing and scenario analysis, designing robust frameworks across products, business lines, and firm-wide environments.
• Embed a risk-aware culture, fostering strong dialogue across stakeholders and promoting proactive risk management practices.

What You Bring

• Bachelor's degree required; advanced degree in Mathematics, Finance, Economics, or a related field-or CFA designation-strongly preferred
• 10+ years of deep market risk experience, ideally within Prime Brokerage or a complex trading environment
• Proven ability to lead and develop high-performing teams, with a strong track record in talent management and mentorship
• Expertise across asset classes and a strong understanding of market structure and risk drivers
• Exceptional communication skills, with the ability to clearly articulate risk decisions and influence senior stakeholders
• Collaborative mindset, with demonstrated success partnering across front office, risk, and analytics functions
• Strategic thinker with the ability to balance risk discipline with business enablement

The Director Risk TDS is primarily accountable for providing a comprehensive and diverse range of risk management expertise to business leaders and implementing appropriate risk frameworks and leading related management activities to mitigate enterprise or business wide risk exposures for key business segment of the Bank or functional area

Depth & Scope

• Generally an expert at the enterprise or group business level, requiring broad managerial and deep specialized knowledge of risk management issues at the enterprise, business, regulatory and industry levels
• Acts as the primary regulatory interface on risk issues and requirements for a key business segment of the Bank and assesses and provides direction for existing and new regulations
• Manages or oversees a number of major risk area requirements such as Credit, Operational, Regulatory and/or Market Risk or related programs that are enterprise-wide or cross multiple business segments (e.g. Basel credit project, SOX, Stress Testing etc.)
• Represents business on corporate initiatives and identifies key risks and implications and provides direction in complex situations
• Works with various regulators, business / corporate and pan-wide business support groups to deal with regulatory and cross-business level issues

Education & Experience

• Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.
• Series 7, 79 and 63
• 7-10 years related experience

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: Continuous

The 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.

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. 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.

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.