Work Location :New York, New York, United States of AmericaHours:40Line of Business:FinancePay Detail:$200,000 - $280,000 USDTD 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:The Head of Product Control 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
Executives 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. The Head of Product Control Valuations 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. Therefore requiring:
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
Job Requirement:
Strong financial and business acumen Skilled relationship manager with developed management and collaboration skills to work with a variety of stakeholders
Ability to lead and influence
Promote a positive work environment that encourages teamwork, productivity, innovation, creativity, analysis and advise.
Demonstrate resiliency in the face of new problems and /or challenges while adapting quickly to change
Adhere to relevant compliance, professional standards, and regulatory and bank policies
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 AreTD 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.Our Total Rewards PackageOur 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 (http://hrportal.ehr.com/tdtotalrewards)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 DevelopmentIf 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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.Training & OnboardingWe will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.Interview ProcessWe’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.AccommodationIf you are an applicant with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.
