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Analyst, Prime Services – manage market and credit risk monitoring in TD's Market Risk and Collateral Risk Analytics teams.
Entry-level role in Toronto requiring Excel, SQL, VBA, Python and risk analysis with full benefits package.
DEPARTMENT OVERVIEW
Prime Services sits within the Market Risk and Collateral Risk Analytics teams which are responsible for the market and credit risk reporting for TD Securities and related Prime Service business lines. A global, multi-faceted and cross product team, the primary objective of the Prime Services department is the mitigation of counterparty credit risk through the active monitoring of clients’ Cash Prime brokerage collateral and OTC and Security Financing Transactions (SFT) to ensure collateral levels provide adequate coverage of the exposures the clients have with TD Bank. The team manages both the Canadian Prime Brokerage and US Prime Services risk reporting.
The team has a rare opportunity to be exposed to risk management of Hedge Funds and professional investors. Products monitored include equities, options, bonds, warrants, Repos and Over-The-Counter Derivatives. The team manages a wide range of complex processes, with members developing skills and competencies around derivatives, regulatory margin requirements, stress testing, review of portfolio liquidity and concentration, and independent price verification (IPV).
JOB DESCRIPTION
An analyst within the Prime Services team will primarily be focused on analysis, reporting, and monitoring of risk exposures ensuring that they are in accordance with established policy and client limits and/or thresholds . The incumbent is expected to execute on infrastructure changes with regards to new or revised policies.
The role will involve close partnership and interaction with a wide range of areas, including the front office, credit risk management, global markets credit, market risk, model teams , audit, and change delivery. As a result, the successful candidate will be required to possess strong communication skills.
The Analyst , Prime Services would be accountable for the following core responsibilities, but are not limited to:
- Generate accurate and complete processes to measure and report on exposures ensuring that all reports are submitted as per reporting guidelines.
- Ensure risks within portfolios covered are correctly measured, aggregated, and analyzed in accordance with established and approved risk policies limits.
- Provide analysis, reporting and monitoring of risk exposures and adhere to internal standards with regards to violations and the escalation of production issues.
- Ensure that all late or missing reports and related process metrics are recorded, documented and explained appropriately.
- Manage operational risk (e.g., cross-training, documentation, and audit).
- Liaise closely with the Bank’s front office relationship managers , Credit Risk Management, Global Markets Credit, Market Risk, audit, technology groups, and other stakeholders to assist in meeting the Bank’s objectives.
- Perform ad-hoc analyses of specific metrics/exposures/transactions as required by management and stakeholders.
JOB REQUIREMENTS
Undergraduate degree in Finance, Accounting, Analytics, Data, Business/Commerce or related field
Experience in analysis and reporting roles or strong knowledge related to Equity Products, Fixed Income, Exchange Traded Options, Repos, and/or Over the Counter trades will be favoured
Understanding of Call and Put Option mechanics and pricing models
Understanding of regulatory margin rules from CIRO and FINRA
Other Job Requirements
Self-starter with a high degree of initiative and the ability to learn and adapt quickly
Strong analytical skills and attention to detail
Strong organizational, follow-up and priority-setting skills to handle multiple tasks/projects
Self-motivated, well organized, able to work both independently and in a team environment
Strong interpersonal skills are required, as the candidate will be called upon to demonstrate leadership in the team
Excellent verbal and written communication skills
Candidates with experience in Risk Management roles will be favourably positioned
Candidates with CFA and/or FRM designations will be favourably positioned
Technical skills (Excel/SQL/VBA/Python /AI tools, etc . ) will also be viewed favourably .
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.
Language Requirement (Quebec only):
Sans Objet