POSITION SUMMARY

Reporting to the Vice President of Treasury, Asset Liability Management and Applied Research, the Associate Vice President, ALM Methodologies/Development & Mtg Commitment Pipeline will lead a team of finance/risk professionals with shared responsibility spanning Canadian and US ALM teams collectively supporting critical inputs underlying delivery of best in class enterprise ALM/NTMR measurement and reporting.

SKILLS, EDUCATION & EXPERIENCE

• 7-10 years of experience in quantitative finance, wholesale markets, Bank treasury or other relevant experience
• Post-secondary degree in Quantitative Finance, Math or Economics
• Valued designation: CA, CMA, FRM, CFA, MBA

WHO WE ARE:

TD is one of the world’s leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.
TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

• This Asset Liability Management (ALM) Methodologies/Development role in TBSM operates as the enterprise lead in steering ALM model development initiatives and ALM methodology enhancements. This role drives a high degree of rigor, quality and transparency into risk measures used for the purpose of NTMR management, hence plays a central role in ensuring NTMR is managed to meet all Financial, Risk and Regulatory objectives and/or expectations. Specific accountabilities include:
• Leading a team of seasoned ALM Methodologies/Development staff with extensive background in accounting systems and financial reporting processes, product booking systems, including data and technology infrastructure. This ALM Methodologies/ Development team is well versed in use of ALM analytical engines and models used for the purpose of quantifying NTMR. The team advises on appropriate underlying choice of methodologies and model parameters.
• Methodologies underlying NTMR metrics are highly impactful to the bank as NTMR metrics guide positioning of external hedge requirement. Optimal hedging plays a significant role in TD’s banking book profitability and ability to manage NII and NIM objectives versus plan and forecast.
• This TBSM role directs all Mortgage Commitment pipeline hedging for the bank, thus optimally tailoring hedge requirement to achieve high hedge effectiveness, while targeting minimal hedge cost. TD’s Mortgage Commitment hedge program offsets exposure associate with written client rate commitments . Specific accountabilities include:
• Leading the Canadian Mortgage Commitment Pipeline risk measurement / management team, supporting pipeline model development initiatives, along with hedge optimization and strategic initiatives. This team is accountable for optimizing cost and effectiveness of the Canadian Mortgage Commitment hedge program. The team end-to-end manages the mortgage pipeline risk position, i.e. is accountable for accessing position data, deriving various parameter input assumptions, producing risk position reports, along with generation of parameter monitoring and tracking reports.
• Lead a team responsible for ALM/NTMR reporting. Ensure NTMR reporting staff members maintain ongoing accurate, complete, informative and timely reporting as is provided to our internal TBSM stakeholders, to our Finance partners, Product Partners, Risk Management, TDBG Board, Financial Disclosures and Regulators. Ensure overall best-in-class market risk reporting of the Non-Trading Book.