VP, TDS U.S. ORM Governance, Framework & Policy

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Risk Management

Pay Detail:

$125,000.00 - $190,000.00 USD

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:

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:

The VP, TDS U.S. ORM Governance, Framework & Policy is responsible for establishing, maintaining, and enhancing the governance foundations that support operational risk management across TD Securities U.S. This is achieved through ownership of ORM frameworks, policies, procedures, standards, governance documentation, training and awareness activities, and regulatory implementation initiatives that promote a sustainable, regulator-ready operational risk management program.

Department Overview

TDS U.S. Operational Risk Management (ORM) provides independent oversight and challenge of operational and non-financial risks across TD Securities U.S. As part of the second line of defense, the team supports the effective implementation of TD's Enterprise Risk Framework and associated risk management programs while promoting strong governance, risk transparency, and regulatory compliance.

The team works closely with business, risk, compliance, audit, and corporate function partners across TD Securities, CUSO, TDGUS, and Enterprise Risk Management to support the ongoing enhancement of risk management capabilities, governance frameworks, and regulatory readiness.

Job Description
The VP, TDS U.S. ORM Governance, Framework & Policy plays a key role in supporting the governance, documentation, implementation, and continuous enhancement of operational risk management practices across TD Securities U.S., reporting to the Head of TDS U.S. Operational Risk Management.

The position serves as a senior operational risk management specialist responsible for ORM governance, framework management, policy development, procedures, standards, methodology, governance documentation, training and awareness, and regulatory change implementation activities. The role helps ensure TDS U.S. maintains a consistent, well-documented, and sustainable operational risk management program aligned to enterprise standards and U.S. regulatory expectations.

The successful candidate will work closely with operational risk, compliance, legal, audit, enterprise risk, specialist risk functions, and business stakeholders to develop governance solutions, maintain ORM documentation, support regulatory initiatives, and enhance the overall maturity of the TDS U.S. ORM program.

This position will appeal to an individual who enjoys building risk management infrastructure, translating regulatory requirements into practical governance solutions, and serving as a trusted subject matter expert on operational risk governance matters.

Specific Responsibilities
 

ORM Governance & Framework Management

• Support the maintenance and enhancement of the TDS U.S. Operational Risk Management Framework.

• Assess alignment between enterprise standards, regulatory expectations, and TDS U.S. governance requirements.

• Lead governance assessments, framework reviews, and operational risk management maturity evaluations.

• Recommend enhancements to governance processes, risk management methodologies, and operational risk practices.

• Maintain framework documentation and supporting governance artifacts.

Policies, Procedures & Standards

• Lead development and maintenance of ORM policies, procedures, standards, guidance documentation, and governance addenda.

• Coordinate periodic review and approval processes for governance documentation.

• Maintain documentation inventories and traceability to regulatory and enterprise requirements.

• Draft methodologies, governance memoranda, implementation guidance, and supporting documentation.

• Promote consistency and sustainability across operational risk governance materials.

Regulatory Change Implementation

• Assess emerging regulatory developments and determine impacts to ORM programs, governance requirements, and risk management practices.

• Support implementation of regulatory commitments and regulatory-driven enhancement initiatives impacting TDS U.S.

• Translate regulatory expectations into sustainable governance, policy, procedural, training, and framework enhancements.

• Partner with stakeholders to support implementation activities and ongoing regulatory readiness.

• Support regulatory examinations, remediation initiatives, and governance reviews as required.

Training, Awareness & Program Sustainability

• Develop and maintain ORM training, awareness, and communication materials to promote understanding of risk management requirements and governance expectations.

• Partner with stakeholders across TD Securities U.S. to support adoption of ORM policies, procedures, standards, and regulatory-driven enhancements.

• Support implementation and ongoing enhancement of operational and non-financial risk management programs.

• Establish governance routines and monitoring processes to support sustainable implementation of ORM requirements.

• Promote continuous improvement and maturity of the TDS U.S. Operational Risk Management program.

Risk Governance & Assessments

• Lead or support regional risk assessments and governance reviews across TDS U.S.

• Support development of governance assessments, committee materials, and management reporting.

• Prepare gap assessments, challenge documentation, implementation reviews, and governance analyses.

• Support Business Impact Analysis (BIA) governance, methodology, and oversight activities.

• Coordinate governance routines associated with ORM committees, working groups, and risk management programs.

Stakeholder Engagement

• Partner with stakeholders across Risk, Compliance, Legal, Audit, Enterprise Risk Management, and business functions.

• Provide guidance on ORM policies, governance expectations, methodologies, and framework requirements.

• Support implementation of enterprise and regulatory risk management requirements across TDS U.S.

• Monitor industry developments and emerging practices impacting operational risk management and governance.

Education & Experience:

• Undergraduate degree in Business, Finance, Risk Management, or related discipline.

• Graduate degree (MBA, Master's, JD, or equivalent advanced degree) preferred.

• 10+ years of experience in Operational Risk Management, Enterprise Risk Management, Governance, Regulatory Change, Internal Audit, Risk Consulting, or related discipline.

• Experience within a GSIB, broker-dealer, investment bank, or other large complex financial institution with significant U.S. wholesale banking and/or capital markets operations.

• Consulting experience strongly preferred.

• Demonstrated experience developing governance frameworks, policies, procedures, standards, methodologies, and risk management documentation.

• Experience supporting regulatory examinations, remediation initiatives, and governance enhancement programs.

• Strong analytical, technical writing, communication, presentation, and stakeholder management skills.

• Experience supporting Federal Reserve, OCC, SEC, FINRA, or other regulatory initiatives.

• Experience delivering training, governance awareness, change management, or risk program implementation activities preferred.

____________________________________________________________________

The VP Risk TDS responsibility is to bring transparency to the market risks in TDS. This is achieved via taking a leadership role in the accurate, objective assessment of all key market risks in all trading portfolios in TDS through the identification, understanding and control of these risks.

Depth & Scope:

• Serves as a point-person and provides oversight in regards to market risk control for trading desks in the Region

• Assists in the identification of all key market risks and determine appropriate risk metrics to assess these risks

• Maintains thorough understanding of all key risk and risk-related issues through continual review of risk reports/related data and dialogue with relevant parties

• Establishes dialogue with TDS trading desks in regards to current positions, key risks, views and strategies

• Assists in the establishment of formal market risk policies and procedures and ensure ongoing suitability to business evolution

• Assists with local market risk regulatory issues

• Develops a thorough understanding of business strategies and key factors contributing to profitability

• Be involved in P&L attribution and periodic performance analysis with commentary linking the desks performance to specific trading strategies, positions, market conditions and underlying risks

• Facilitates the design of appropriate stress tests and scenarios that will highlight key market risks, in specific business lines and in the firm as a whole, under stress situations and provide ongoing commentary on stress results

• Provides periodic analysis and commentary of key market risks for senior management review

• Keeps abreast of new risk management techniques and industry literature

• Demonstrates governance, control and risk management behaviors in alignment with TD policies and practices

• Ensures that execution of the Market Risk Control function is line with documented procedures specific to this role or business

Education & Experience:

• 4 year degree in quantitative or financial field or equivalent experience

• 7 - 10 years related analytical experience

• Must be detail oriented and possess problem-solving skills

• Must be able to work independently with minimal supervision and establish priorities

• Proficient in interpersonal communication (both oral and written), and have the ability to communicate effectively with all levels of staff and management

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 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 strive to make every interaction, product and experience remarkably human and refreshingly simple.  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. 

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 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
 

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 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

TD Bank is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at [email protected].  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.