Group Manager – Prime Brokerage (2254 )

at  TD Bank

POSITION SUMMARY

You are required to demonstrate governance, control and risk management behaviours in alignment with TD policies and practices. It is your responsibility to ensure that execution of your function is line with documented procedures specific to your role or business.
The role will involve close partnership and interaction with a wide range of areas, including credit, middle office, legal, front office, settlements, market risk control, credit risk management and others. The ideal candidate would posse strong communication skills along with deep knowledge of the markets, financial products, risk management controls, and regulatory margin requirements. Furthermore, the candidate will be required to demonstrate the ability to coach and develop the skillsets of analysts that are under their management and possess a strong understanding of the analytical principles underlying the various trading strategies of Prime Brokerage clients.

JOB ACCOUNTABILITIES:

• Lead a team of analysts by providing leadership, supervision, coaching, evaluation of performance and empowerment.
• Manage the recruitment process for vacancies on the team.
• Daily monitoring of client portfolios, issuing and receiving collateral calls to ensure the firm’s credit risk is mitigated.
• Leading Forum presentations to senior management.
• Managing CAD Prime Brokerage and USPS/RegT Policy reporting requirements and analysis.
• Implement change to support policy changes and operational efficiency.
• Design collateral management operating procedures that comply with internal policies
• Relationship management with clients and front office
• Effectively challenge, propose, and champion projects to improve efficiencies, to provide more effective business support.
• Providing information and analysis to partners to as to portfolio risks, and the business level exposures across product type, seniority, industry, country, etc.
• Track and be informed about regulatory changes and industry related initiatives.
• Responsible for the team’s adherence to internal standards with regards to violations and the escalation of production issues and ensuring that all late or missing reports and related process metrics are recorded, documented and explained appropriately.
• Ensure internal control processes are adequate and documented appropriately as per the governance standards including establishing appropriate review and assessment of the quality of outputs based on business standards.
• Managing operational risk (e.g., cross-training, escalation, error reporting, documentation, and audit).

JOB REQUIREMENTS:

• Strong interpersonal skills are required as the candidate will be relied upon to lead a team
• Self-starter with a high degree of initiative and the ability to learn and adapt quickly
• Strong analytical skills and attention to detail
• Excellent written and verbal communication skills, ability to explain confidential and complex issues as well as experience with recommending changes to management.
• Knowledge of financial instruments, regulations, and market risk metrics, gained through academic study, or practical experience.
• Strong organizational, follow-up and priority-setting skills to handle multiple tasks/projects
• Candidates with experience in Risk Management roles, familiarity with CIRO and FINRA regulations and familiarity the principals governing portfolio management will be favourably positioned
• Technical skills (Excel/SQL/VBA etc) and the CFA and FRM credentials will also be viewed favorably

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.

• Establish an environment that promotes respect for individual employee and adheres to the policies and guidelines of the Bank.
• Provide leadership, direction, advice and guidance to the team, to consistently maintain high levels of integrity, motivation and morale. This should encompass all aspects of people development including appropriate mentoring, coaching, and ongoing evaluation of staff performance.
• Initiate actions to further improve your own and the team’s skills and performance by continuously looking for opportunities for professional development.
• Promote innovation and continuous improvements in terms of efficiency
• Demonstrate TD’s Leadership Profile in all professional and personal activities
• Create and maintain an environment conducive to the timely identification and escalation of issues
• Managing relationships with other areas including sharing knowledge and identifying opportunities to leverage complementary skills.