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Senior Manager, Product Control Commodities & FX

TD Securities

TD Securities

Product
Multiple locations
Posted on Dec 18, 2024

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Data & Analytics

Pay Details:

$108,800 - $163,200 CADThis 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:

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 Description

Within 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 Senior Manager covering Commodities & FX 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 commodities, metals, or energy 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
  • 10+ years related experience.

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 deliver legendary customer experiences to 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 the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

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. 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 & 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