Senior Manager – Enterprise Stress Testing Governance and Controls

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Finance

Pay Details:

$115,600 - $163,200 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

TD 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:

Job Description / Accountabilities

1. Stress Testing Framework and Guidance

• Lead the enhancement and maintenance of the Enterprise Stress Testing Framework and Guidance, ensuring it aligns with regulatory expectations, management requirements, and recommendations/requirements from Internal Audit or Governance and Control teams.
• Responsible for effective communication and training of the requirements to Global stakeholders across Finance, Risk and Treasury functions.
• Responsible for ensuring adherence to the Frameworks and Policies across all groups. 
• Support the assessment of stress testing capabilities across Finance, Risk and Treasury including benchmarking to regulatory requirements and expectations,  as well to industry practice.

2. Model Overlay Framework and Model Inventory Management:

• Lead the enhancement and maintenance of the Model Overlay Framework, ensuring it aligns with regulatory expectations, management requirements, and recommendations/requirements from Internal Audit or Governance and Control teams.
• Lead the enterprise reporting of model overlays and collaborate with 1B on the reporting of model inventory to Enterprise Capital Committee.
• Responsible for effective communication and training of the requirements to Global stakeholders across Finance, Risk and Treasury functions.
• Responsible for ensuring adherence to the Model Overlay Framework across all groups. 

3. Regulatory Compliance, Co-ordination and Exam Management

• Responsible for developing and managing strong effective relationships with regulators.
• Participate in workshops with Peer Banks and Regulators.
• Responsible for communicating Regulatory requirements related to key stress testing leads. 
• Lead regulatory program and exam coordination including dissemination of questions, collection and submission of responses across workstreams and facilitating meeting.
• Responsible for coordinating centralized on-going monitoring and reporting of remediation efforts of regulatory findings.

4. Governance  

• Responsible for ensuring Stress Testing Council Mandates remain current, including membership.

• Responsible for establishing and communicating governance standards to Council secretaries.
• Responsible to ensure governance standards, practice and execution meet management and regulatory expectations and are aligned with Enterprise Standards. 

5. Control Functions Relations and Exams

• Responsible for developing and managing strong effective relationships with control functions.
• Responsible coordinating control function requests and meetings with various stress testing groups.
• Support control function exams coordination, including dissemination of questions, collection and submission of responses across workstreams, and facilitating meeting.
• Responsible for centralized on-going monitoring and reporting of remediation efforts of findi

6. Additional Information

• University degree in Finance, Advanced quantitative discipline, Economics, or a related field.
• CPA, MBA, CFA, or other professional designations, preferred.
• Minimum 10 years of related experience with progressing levels of operational and/or team management responsibility.
• Knowledge of Stress Analysis, capital markets, asset/liability management principles and banking products.
• Demonstrated strong project management capabilities.
• Knowledge of the Bank's financial and management reporting infrastructure and strong accounting background would be an asset.
• Advanced knowledge and proficiency in Excel, PowerPoint, and Word.

Competencies and Personal Qualities

• Leading initiatives across different departments and business segments
• Reporting complex financial concepts in business terms understandable by audiences with varied backgrounds & seniority levels
• Excellent inter-personal and internal relationship management skills
• Excellent verbal and written communication skills with the ability to communicate clearly with Senior Management
• Must be able to think conceptually (“out-of-the-box”) and have a high degree of attention for detail.
• Strong project management capabilities.
• Sound business judgment.
• The candidate will require exceptional organizational skills and be able to prioritize and manage many different competing requirements simultaneously.
• Ability to develop good business relationships with “internal clients” and influence change.
• Demonstrated strong analytical abilities.
• Proactive and highly motivated individual who will take the initiative to move initiatives forward and drive them to completion.
• Role requires ability to perform in an ambiguous environment with potentially changing priorities and tight deadlines.
• Demonstrated ability to attract and develop talent pipeline.
• Ability to teach skills and concepts to colleagues and staff.

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 strive to make every interaction, product, and experience remarkably human and refreshingly simple for 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 foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

Our Total Rewards Package
Our 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 a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

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.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If 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.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process 
We’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.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Sans Objet