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Collateral Risk Management sits within Capital Markets Risk Management (CMRM) which is responsible for the market and credit risk of TD Securities. A global, multi-faceted and cross product team, the primary objective of the Collateral Management department is the mitigation of counterparty credit risk through the active monitoring of clients' derivative and securities financing portfolios. The department manages collateral for the Toronto, New York, London and Singapore regions.
The team has a rare opportunity to support products and business ranging from foreign exchange, commodities, credit, equity, interest rates, securities financing, and prime brokerage. The team manages a wide range of complex processes, with members developing skills and competencies around derivative and security products and their respective business areas, legal agreements, technology flows and regulations.Job Description
An Analyst within CMRM Collateral Risk Management will primarily be focused on the effective and efficient mitigation of counterparty credit risk. The Analyst will need to demonstrate innovation and a proactive approach to risk mitigation by highlighting inefficiencies, risks and implementing improvements. In addition, they will be expected to provide a high level of service to their clients.
The role will involve close partnership and interaction with a wide range of areas, including credit, middle office, legal, front office, settlements, and corporate treasury. As a result, the successful candidate will be required to possess strong communication skills.
Analysts within Collateral Risk Management are accountable for the following core responsibilities, but are not limited to:
•Daily monitoring of client portfolios, issuing and receiving collateral calls to ensure the firm's credit risk is mitigated.
•Ensure margin tickets are accurately entered into the collateral system
•Reviews margin tickets entered into the collateral system by analysts
•Reviews counterparty dispute investigation commentary
•Extensive interaction with clients via email and telephone.
•Ensure process reviews are conducted in accordance with Collateralized Trading Credit Policy
•Resolution and escalation of collateral issues.
•New client on-boarding.
•In addition to their core responsibilities, Analysts are also expected to:
•Contribute their own ideas to make a difference and add value to the group.
•Ongoing, proactive risk management via staying abreast of risk issues in the capital markets and assessing impacts on our exposures
•Seek opportunities to increase operational efficiency and lower operational risk through process reengineering
•Performing a number of control functions, ensuring the integrity of our processes.
•Establish an environment that promotes respect for the individual employee and adheres to the policies and guidelines of the Bank Requirements
•At least two years of capital market experience or relevant collateral management experience
•Strong communication skills both written and verbal
•Self-starter with a high degree of initiative and the ability to learn and adapt quickly
•Strong analytical skills and attention to detail.
•An undergraduate or graduate degree in Business, Economics, Mathematics, Finance, or another quantitative discipline
•CFA and/or FRM would be considered an asset Hours
At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. 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.
Management and Executive