AVP Product Control Valuations

at  TD Bank

JOB DESCRIPTION:

Reporting to the VP, Head of Product Control. The AVP Product Control- Head of Valuations is accountable for ensuring accurate and timely reporting, controls, and governance for valuations at TD Securities. This role will liaise with Front Office, Information Technology, Risk, Finance and other control functions and key stakeholders. As well be a key advisor to the front-office, Risk, Finance, and other key stakeholders providing insight and analysis on TDS and the Bank’s fair value results. Specific activities would include the following:

• Lead, coach and develop a high performing team of product control professionals
• Oversee the execution of controls and governance supporting the independent price valuation (IPV) and valuation adjustments (VA) processes for TDS
• Ensure the Bank’s fair value reporting and Financial fair value disclosure are following various Valuation Policies
• Lead the team to explain IPV variance VA results with succinct commentaries in reference to business pricing, model understanding, data issues and external market factors
• Inform senior management and key stakeholders of any significant irregularities
• Steer stakeholders on business, process, and technology for complex and strategic changes
• Identify opportunities and implement objectives to improve/streamline processes to sustain TDS business growth
• Influence and work closely with all members of the Product Control team, providing guidance and cross training when required
• Pro-actively monitor all operational issues pertaining to the assigned business areas in TDS.
• Liaise with internal auditor and regulators during examinations on valuation related topics

Associate Vice Presidents (AVP) at TD Bank Financial Group are strategic, responsible, and accountable members of the Bank’s leadership team. Collectively, these roles contribute significantly to the overall reputation of TD as an excellent investment, a highly customer focused organization, a top employer, and an exemplary corporate citizen. Executives set the ethical, organizational and performance standard for the teams they lead and exemplify how an effective performance and development culture functions day to day. An AVP is expected to guide his/her team, collaborating as appropriate with TD partners, to deliver superior results in both the short and long term.

In doing so, they are expected to role model TD’s leadership profile by making an impact, building for the future, inspiring the will to win, working effectively in teams, living transparency, showing excellent judgment, and demonstrating unwavering integrity. VP roles therefore require:

• People leadership – knowing how to lead high performing teams, communicating well, and taking the time to coach and develop others
• Organizational awareness – knowing how to engage the organization to get things done, deal with complex change, and enhance TD’s brand
• Business acumen – understanding his/her business from the ground up and the key levers that will deliver superior results
• Strategic insight – having a compelling vision and engaging others in achieving it, providing thought leadership, and constantly striving to find new ways to do things better

SPECIFIC EDUCATIONAL AND PROFESSIONAL EXPERIENCE REQUIREMENTS:

• University degree with a professional accounting/finance designation (i.e., CPA, CFA, CMA) or an MBA is an asset
• 10+ years’ experience in Finance and/or Capital Markets in a large financial services organization
• 10+ years’ practical experience in Product Control or in Valuation team is preferred
• Demonstrated deep expertise in valuation topics prescribed per regulatory/accounting rules and industry practice for IPV and VA control processes
• People management experience

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.

Reporting to the VP, Head of Product Control. The AVP Product Control- Head of Valuations is accountable for ensuring accurate and timely reporting, controls, and governance for valuations at TD Securities. This role will liaise with Front Office, Information Technology, Risk, Finance and other control functions and key stakeholders. As well be a key advisor to the front-office, Risk, Finance, and other key stakeholders providing insight and analysis on TDS and the Bank’s fair value results. Specific activities would include the following:

• Lead, coach and develop a high performing team of product control professionals
• Oversee the execution of controls and governance supporting the independent price valuation (IPV) and valuation adjustments (VA) processes for TDS
• Ensure the Bank’s fair value reporting and Financial fair value disclosure are following various Valuation Policies
• Lead the team to explain IPV variance VA results with succinct commentaries in reference to business pricing, model understanding, data issues and external market factors
• Inform senior management and key stakeholders of any significant irregularities
• Steer stakeholders on business, process, and technology for complex and strategic changes
• Identify opportunities and implement objectives to improve/streamline processes to sustain TDS business growth
• Influence and work closely with all members of the Product Control team, providing guidance and cross training when required
• Pro-actively monitor all operational issues pertaining to the assigned business areas in TDS.
• Liaise with internal auditor and regulators during examinations on valuation related topic

In doing so, they are expected to role model TD’s leadership profile by making an impact, building for the future, inspiring the will to win, working effectively in teams, living transparency, showing excellent judgment, and demonstrating unwavering integrity. VP roles therefore require:

• People leadership – knowing how to lead high performing teams, communicating well, and taking the time to coach and develop others
• Organizational awareness – knowing how to engage the organization to get things done, deal with complex change, and enhance TD’s brand
• Business acumen – understanding his/her business from the ground up and the key levers that will deliver superior results
• Strategic insight – having a compelling vision and engaging others in achieving it, providing thought leadership, and constantly striving to find new ways to do things bette