Vice President, Liquidity Risk Management TDS (US)

TD Bank Group; New York (NY); On-site; USD 115,000 - 175,000; Full time

Job summary

TD Bank Group is seeking a Vice President to join its Liquidity Risk Management team in New York. The role focuses on independent oversight of liquidity strategy and reporting, ensuring risk is understood, measured, and aligned with risk appetite and regulations.

The candidate will work with Treasury, risk partners, regulators, and Audit to address issues and evolve capabilities as the bank grows. Strong communication and analytical skills are required.

Qualifications

• Must be detail oriented.
• Must be able to work independently with minimal supervision and establish priorities.
• Proficient in interpersonal communication (oral and written) and able to communicate with all levels of staff and management.

Responsibilities

• Provide oversight of Liquidity Management, including independent reviews of liquidity position reporting and policies.
• Maintain a culture of risk management and control aligned with liquidity risk appetite.
• Understand bank liquidity/funding strategies, collateral risks, and drivers of liquidity usage.
• Ensure compliance of liquidity risk management with US and Canadian regulations.
• Regulatory compliance must be complemented by capabilities commensurate with bank size and complexity.
• Contribute to the annual Independent Liquidity Evaluation reviews of processes and controls.
• Liaise with Treasury teams, risk partners, regulators and Internal Audit.
• Address performance, risk, and governance issues via remediation plans as needed.

Skills

Analytical thinking

Problem solving

Interpersonal communication

Education

4-year degree in quantitative/financial field

CFA/FRM/CTP/CPA designation

Familiar with US Liquidity Regulations (Reg YY)

7-10 years analytical experience

Job description

Work Location: New York, New York, United States of America
Hours: 40
Line of Business: Risk Management
Pay Detail: $115,000 - $175,000 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

Position: Vice President, Liquidity Risk Management
Level: L10

Position Summary: TD is looking for a Vice President to join TD's Liquidity Risk Management team. This role will be part or the liquidity risk strategy team that is tasked with providing independent risk management oversight of the Liquidity Management team. This team member will be responsible for ensuring that all significant liquidity risk pertaining to the firm's treasury function are thoroughly understood, analyzed, and measured against the bank's risk appetite and applicable regulations.

Key Accountabilities

• Provide oversight of Liquidity Management, including independent reviews of liquidity position reporting, governance documents, liquidity risk policies, & limit calibrations.
• Maintain a culture of risk management and control, supported by effective processes in alignment with the established risk appetite for Liquidity Risk.
• Develop thorough understanding of the bank's liquidity/funding strategies, collateral risks, line of business activities, and drivers of liquidity usage.
• Ensure the compliance of liquidity risk management processes with US & Canadian regulations.
• Understanding that regulatory compliance alone is not sufficient and that capabilities should be commensurate with the size, scale, and complexity of the bank.
• Contribute to the annual Independent Liquidity Evaluation including review of processes, procedures, and controls to ensure that the business, control, and infrastructure functions are meeting the organization's effective risk management requirements.
• Liaise closely with other business partners including multiple first-line of defense Treasury teams, other second-line of defense risk partners, regulators, and Internal Audit.
• Facilitate, and/or implement actions and remediation plans to address performance, risk, and governance issues that may arise from self-identified issues, internal audit, or regulators.
• Keep current on emerging issues, trends, and evolving regulatory requirements and grow knowledge of the businesses and related products.

Education & Experience

• 4-year degree in quantitative or financial field or equivalent experience
• CFA or FRM or CTP or CPA designation(s) preferred
• Familiar with US Liquidity Regulations (Reg YY)
• 7 - 10 years related analytical experience
• Must be detail oriented and possess problem-solving skills
• Must be able to work independently with minimal supervision and establish priorities
• Proficient in interpersonal communication (both oral and written), and have the ability to communicate effectively with all levels of staff and management

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.

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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.

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