Work Location:

Dublin, Ireland

Hours:

35

Line of Business:

TD Securities

Pay Details:

We’re committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.

Job Description:

Job Title: Head of Market & Treasury Risk, TDGF and Head of Market Risk, Europe and Asia Pacific

Job Level: Managing Director,

Job Type: Regulated

CBI Fitness & Probity Designations: This is a regulated role and is subject to the Central Bank of Ireland ("CBI") Fitness & Probity standards: as such job holders must hold confirmation that they have been assessed as meeting the CBI's Fitness & Probity Standards before commencing their controlled function job, and on an annual basis thereafter. The designated Controlled Functions (CFs) of this role are:

Pre-Approval Controlled Functions: PCF 51 – Head of Market Risk

Controlled Functions: CF 1 - Ability to exercise a significant influence on the conduct of the regulated financial service provider.

CF 2 - Ensuring, controlling or monitoring compliance by a regulated financial service provider with its relevant obligations

SEAR: This role is in scope under the Senior Executive Accountability Regime "SEAR".

Material Risk Taker: Yes

Business/Product Group: Market Risk, Europe and Asia Pacific

Location: Dublin, Ireland

Position Summary: (Overview of key purpose and accountability of the role)

The Head of Market and Treasury Risk, TDGF (PCF-51) is accountable for leading and managing TDGF's Market and Treasury Risk function, ensuring compliance with regulatory and bank frameworks and policies. In addition, the role has accountability for Market Risk across the wider Europe and Asia Pacific region. As Regional Head of Market Risk for Europe and Asia Pacific (EAP), the role holder is the primary oversight coordinator with respect to local market risk regulatory dialogue.

The Head of Market and Treasury Risk, TDGF and Head of Market Risk, EAP holds a leadership position within TDGF, EAP and within the Market Risk (MR) function. As a second-line control function, Market Risk is responsible for ensuring that the market risks taken by trading and non-trading businesses in TDGF and EAP are well understood, transparent and controlled. The role ensures effective identification, monitoring and measurement or market risk exposures across both trading and non-trading activities. In addition, the role has oversight for Treasury Risk in TDGF, providing ongoing challenge, monitoring and reviews of Capital and Liquidity risks. The position is a voting member of TDGF and other EAP Executive Risk Committees and provides relevant information and advisory updates to Senior Management and Board Risk Committees as appropriate.

The Head of Market and Treasury Risk, TDGF and Head of Market Risk, EAP engages extensively with the trading desks, Finance, Technology, Auditors, and Senior Executive. The role holder also engages and integrates with the global MR and Treasury Risk functions and the global businesses and support and control functions operating within global centres for TD Securities, which is the wholesale bank of the parent entity, TD Bank. As a Market and Treasury Risk leader, the role holder must possess an in-depth and strategic understanding of TDGF businesses, including trading strategies, capital and liquidity management, products, market conditions, risk and valuation drivers.

Specific Responsibilities:

Leadership of the Market and Treasury Risk function for TDGF and the Market Risk function for the EAP region.
Bring transparency to the market, liquidity and capital adequacy risks in TDGF and TDS EAP, including the accurate, complete and objective assessment of all key market, liquidity and capital adequacy risks.
Responsible for the provision of objective reporting and timely escalation of risk issues through a structured communication process, independent from the operating businesses to senior management and the TDGF Board Risk Committee.
Responsible for the recommendation of policy within the scope of functional accountabilities, Market and Liquidity Risk Policies
Responsible for ensuring all market risk positions in TDS Europe and Asia are within TDBG’s risk appetite and are within local regulatory guidelines and local risk tolerance.
- Develop appropriate business line market risk policies to ensure market risks are appropriately quantified and managed (second line of defense).
- Ensure all market risks remain within risk appetite and provide effective challenge to the business.
Responsible, in conjunction with Senior Management including the CRO, for input into ICAAP, ILAAP and recovery plans as appropriate.
Review, challenge and input into new business/product decisions as it may relate to Market and Treasury risk.
Review and monitoring of capital and liquidity metrics for TDGF, supported by the Director, Treasury Risk as part of an ongoing challenge and review process.
Responsible for the attraction, retention and development of colleagues within the Market and Treasury Risk function.

Shared Accountabilities within TD Market and Treasury Risk Functions:

Collaboration between Regional MR and Toronto MR for risk policy that impact the regions and associated control processes such as: (i) pre-approvals where the risk will reside in the region but the approval is granted off-shore; (ii) managing policy exceptions/overages and limit compliance where the risk is originated across multiple trading centres.
Market Data Sources and Policy interpretation and implementation.
Collaboration between Regional MR and TD Bank Treasury Risk for Liquidity and Capital policies that impact the regions and associated control processes.
With CRM: Cross-discipline collaboration; leveraging shared (policy/infrastructure) controls.
General: Provide market knowledge and expertise to other groups, including Regional Executives, Compliance, AML, and other regional control/support functions (Tech/Ops).

Skills and Experience:

Expert market knowledge of key TDS regional businesses, particularly in Ireland, EU, UK and Asia Pacific regions (i.e. Fixed Income, Foreign Exchange, Interest Rates, Equities and Commodity).
Demonstrated senior level experience in leading complex Market and Treasury Risk function(s) within a financial services institution (European Union experience strongly preferable).
Ability to provide effective challenge to regional business heads as appropriate
Ability to explain risk issues to diverse stakeholders, with quantitative expertise
Strong knowledge of ECB/SSM supervisory frameworks, Central Bank of Ireland regulation and regulatory requirements for Market and Treasury Risk, EBA and EU financial services legislation.
Strong industry knowledge and awareness (including regional practices in wholesale banking).
Extensive executive level communication and stakeholder management skills, with demonstrated ability to engage effectively with Boards, senior executives and regulators.
Demonstrated ability to maintain independence, execute and advise with integrity, and an ability for sound, balanced judgement.
Strong team leadership and talent management and development; experience in leading a team of subject matter experts
Professional Business, Accounting or Risk qualification at university level preferred.

Risk Management Responsibilities for Market and Treasury Risk as a function:

Responsible for identifying, assessing and managing risk in day-to-day activities, reviewing and monitoring activities against TDGF's Risk Appetite and risk management policies and communicating all material risks through the appropriate channels
Responsible for designing and implementing plans, strategies and controls to achieve and sustain business results within TDGF's Risk Appetite, monitoring and reporting the ongoing effectiveness of those controls to safeguard TDGF from exceeding its Risk Appetite
Responsible for good conduct and for contributing to the identification and management of Conduct Risk within their team and function
Responsible, along with all colleagues, to contribute in a positive way to TDGF's reputation and the management of Reputational Risk. Every employee is expected and required to follow ethical practices at all times, including compliance with applicable policies, legislation and regulations and support positive interactions with TDGF's stakeholders including clients, industry bodies, industry participants, public bodies, regulators and vendors

Regulatory Requirements: (PCF role holder and in scope of SEAR)

The Head of Market and Treasury Risk, TDGF must observe proper standards of market conduct. It is the role holder's responsibility to demonstrate that the role holder takes reasonable steps to be fully aware of, understand and comply with all regulatory requirements from all regulatory bodies that are applicable to their function or business. The role holder will promptly report to their supervisor(s) or manager(s) any instances in which they are aware of any violation or possible violation of such regulatory requirements by the role holder themselves, or others.

In particular, as a PCF for the purposes of the CBI's Fitness and Probity Regime (F&P) and as a Senior Executive for the purposes of the Senior Executive Accountability Regime (SEAR), the role holder must be aware of and comply with their specific obligations under these regimes.

The F&P Standards require that a person must be:

Competent and capable;
Act honestly, ethically and with integrity; and
Be financially sound.

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 investment we make in our colleagues to help them, and their families achieve their well-being goals. Total Rewards at TD includes a base salary and several other key plans such as health and well-being benefits, including medical coverage, paid time off, career development, and reward and recognition programs.

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

If you require an accommodation for the recruitment / interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.

Head of Market & Treasury Risk, TDGF and Head of Market Risk, Europe and Asia Pacific

Benefits

Job Description