Work Location :New York, New York, United States of AmericaHours:40Line of Business:FinancePay Detail:$150,000.00 - $200,000.00 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 VP Finance TDS leads development and achievement of financial objectives. Reports on financial results, providing interpretation through in-depth understanding of the business. Provides forecasts and financial plans to drive business results, strategy and decisions.The Wholesale Banking Finance Group is responsible for developing and delivering financial strategy, information, and management support within TD Securities (TDS). A key function within the department is the oversight and governance related to execution and reporting of fair value, in support of TD Securities' business objectives. To ensure the accuracy, valuation, and reporting of financial instruments for financial accounting purposes, the successful candidate will work with different stakeholders to ensure that business lines adhere to policies and procedures, and controls are effective.Job DescriptionWithin Controller & Chief Accountants in Finance, the Product Control Team supports TD Securities and is responsible for providing overall end-to-end accountability for the completeness, accuracy and timeliness of optimized processes and controls for financial reporting. Product Control is the primary point of contact on P&L, Balance Sheet, Attribution, and Independent Pricing Verification & Valuation Adjustments reporting and initiatives, exercising an in depth understanding of the products, valuations, and risks of the Business. The Product Control team provides controllership, reporting, analysis, investigation, and commentary for a wide range of TD Securities business lines including equity derivatives, fixed income, credit derivatives, commodities, foreign exchange, and more.As a VP covering xVA in the Product Control Team, you will:
Oversee and/or manage specialized team supporting various product control functions for the TD Securities business.
Ensure strong financial controls and efficient processes around the P&L, Attribution, Balance Sheet, and Independent Pricing Verification and Valuation Adjustment processes for TD Securities.
Lead a high performing team to achieve business and operational objectives, maintain effective practices and deliver quality service consistent with TDS business objectives.
Grow team expertise to align with business/enterprise demand and direction; assess team skills and capabilities and continually look for ways to provide and enhance the value delivered.
Review/approve the work of others as it relates to area of specialized support and maintain appropriate level of oversight as per executive management direction.
Act as a business product control function and the financial guardian of the TDS sales and trading activities.
Ensure overall Product Control function conducts independent validation of the value of the trading portfolios / books.
Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts.
Oversee research, development and implementation of new processes, technologies, or operating models.
Develop and maintain effective working relationships with internal and external partners for the purposes of delivering optimal customer service.
Act as subject matter expert and primary escalation point for own area and provide guidance / advice and recommendations to support dealings with internal / external partners.
Protect the interests of the organization – identify and manage risks, and escalate non-standard, high risk transactions / activities as necessary.
Work with the businesses and the new business product groups to evaluate and integrate new products and businesses into our financial environment and build in appropriate controls to ensure integrity for financial records.
Provision reliable and meaningful financial information to business managers, external stakeholders, and other relevant internal stakeholders.
Work closely with the trading desk, trade support, syndicate accounting, technology, financial control, and other infrastructure areas to ensure timely and accurate reporting of financial results.
Proactively partner with and support the business to develop business, financial, operational, and/or strategy for the organization.
Ensure alignment between business and enterprise financial goals / thresholds.
Job Requirements
Extensive experience in valuations or controllership for xVA is a requirement.
Previous people management experience, proven leadership skills and a passion for coaching and development.
In-depth knowledge and experience working with capital markets, financial derivatives, valuations, accounting, and control practices.
Proven ability to inspire and motivate teams towards progressive change and a broader vision.
Keeping abreast of emerging issues, industry trends, new technologies and evolving regulatory requirements to proactively assess potential impact.
Proven ability to build strong working relationships with business partners, stakeholders, and colleagues at all levels of the organization.
Strong understanding of capital markets and regulatory environment.
Additional Information
Pursuit or completion of professional accreditation (CPA/CFA/MBA) is an asset.
Undergraduate or graduate degree in Finance, Accounting, Mathematics (Engineering, Physics, Computer Science) or other quantitative disciplines
Capital markets, finance, accounting, mathematics, or equivalent quantitative disciplines
7+ years related experience.
Depth & Scope:
Gathers and reports on financial results vs. plans on an ongoing basis, providing evaluation and interpretation through an in-depth understanding of the business
Leads development and achievement of financial objectives
Develops and maintains strong business relationships
Provides leadership, coaching, counseling and guidance to staff
Develops, assigns and monitors plans to ensure completion of goals and objectives
Resolves issues and problems by conferring with staff, other internal departments, outside contacts and others as necessary
Education & Experience:
Bachelor degree in Business/Accounting/Financial Management (accounting designation is preferred but not required)
5-7 Years of related experience
Physical Requirements:Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
Domestic Travel – Occasional
International Travel – Never
Performing sedentary work – Continuous
Performing multiple tasks – Continuous
Operating standard office equipment - Continuous
Responding quickly to sounds – Occasional
Sitting – Continuous
Standing – Occasional
Walking – Occasional
Moving safely in confined spaces – Occasional
Lifting/Carrying (under 25 lbs.) – Occasional
Lifting/Carrying (over 25 lbs.) – Never
Squatting – Occasional
Bending – Occasional
Kneeling – Never
Crawling – Never
Climbing – Never
Reaching overhead – Never
Reaching forward – Occasional
Pushing – Never
Pulling – Never
Twisting – Never
Concentrating for long periods of time – Continuous
Applying common sense to deal with problems involving standardized situations – Continuous
Reading, writing and comprehending instructions – Continuous
Adding, subtracting, multiplying and dividing – Continuous
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.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.
