Manager, Investment Manager and Risk Rating Research

at  TD Bank

JOB DESCRIPTION

Reporting to the Senior Manager, Product Shelf Management & Investment Research, the incoming Manager will be accountable for both Investment Manager Research for Traditional and Alternative Investments while supporting the Risk Rating System and securities classification methodologies.
The role requires substantial interaction with internal and external portfolio managers, various internal product support groups, expert knowledge of current complex investment management strategies and market landscapes, excellent project management and presentational skills, and a commitment to high- quality service.
The Risk Rating System assigns risk ratings to all securities in the Wealth Securities Database and is an integral part of the Know Your Product and suitability assessment required by Client Focused Reforms. This position is intended to provide support for enhancing the Risk Rating framework, its implementation and output quality. The Manager will assess conceptual soundness of the Risk Rating methodologies and implemented logic. Consult with relevant SMEs and stakeholders and propose improvements to insure alignment with the true risks and risk rating principles.

The successful candidate should be able to demonstrate:

• Expertise within the Canadian investment dealer industry along with developments/challenges/opportunities facing investment dealers and clients.
• Ability to take initiative and produce results either through independent work or collaborating effectively with a diverse team.
• Aptitude to communicate and confidently interact with internal and external stakeholders.
• Ability to gather and share relevant industry product due diligence developments and provide a fact-based opinions and recommendations.

Key Accountabilities:

• Help lead, develop and manage a comprehensive research and monitoring program – conduct due diligence and oversight of approved alternative investment managers and public and private investment Offering Memorandum mandates on TD’s Canadian Wealth Management platforms;
• Oversee manager due diligence for assigned categories/firms, perform quantitative analysis to research top manager candidates, and summarize findings for manager review, along with supporting documentation;
• Manage ongoing due diligence, monitoring, and governance processes;
• Take a lead role in regular portfolio manager meetings, overseeing the review process (i.e., performance analysis, manager research projects and market research activities);
• Provide ad hoc TD Wealth channel support and work with team members on ongoing monitoring of Preferred Lists;
• Create and publish high-value advisor articles;
• Ensure team’s compliance with policies and practices;
• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite;
• Ensure the team adheres to enterprise frameworks and methodologies related to overall business management activities; Work with the other SMIR team members in new product onboarding and developing new product risk frameworks as needed.
• Work with the Wealth Platform partners and Shelf Management Data Analytics teams on various issues related to the implementation of Risk Ratings system. This may include testing support for the Risk Rating changes, validation of the existing logic, providing business requirements for new methodologies.
• Support the Senior Manager in establishing governance framework over Risk Ratings manual overrides. Initiate and run a Manual Overrides forum to formalize and oversee decisions related to manual changes in Risk Ratings. Provide oversight to the manual risk rating process.
• Review and propose enhancements to the investment asset classification standards. Provide oversight to the asset re-classification process.

JOB REQUIREMENTS

• Undergraduate degree and 10+ years of relevant experience
• CFA required
• CAIA, FRM or MBA preferred
• Knowledge of the investment industry and its products
• Strong analytical and problem-solving skills
• Proficient with data, data infrastructure and experienced in creating data-driven solutions.
• Excellent verbal and written communication skills and ability to build and manage relationships with multiple internal stakeholders.

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 help clients meet their needs today and prepare for tomorrow. 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. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.

Please refer the Job description for details