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Title posted on CareerBeacon - Manager, Model Risk Management Compliance
Posted on November 01, 2024 by Employer details TD Bank
Job details
Work Location:Toronto, Ontario, CanadaHours:37.5Line of Business:Business Management, Strategy & SupportPay Details:$91,200 - $136,800 CADTD 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:Overview The TD Wealth Shelf Management & Investment Research ("SMIR") team is the TD Bank Financial Group's center of excellence and subject matter experts relating to all managed investment products. SMIR's purpose is to run a quality Product shelf to enable our businesses investment strategies, drive growth, and deliver legendary client experiences within TD Bank's risk appetite. SMIR is responsible and accountable for onboarding and providing oversight for all investment products that are available for sale within TD Wealth along with curating Preferred List strategies across all managed investment product types.Job DescriptionReporting to the Senior Manager, Wealth Shelf Management, the incoming Manager will be a dedicated resource supporting the Model Risk Management (MRM) Compliance effort for the Risk Rating System. The Risk Rating System assigns risk ratings to all securities in the Wealth Securities Database and is an integral part of the Know Your Product and suitability assessment required by Client Focused Reforms.The successful candidate should be able to demonstrate:Expertise within the Canadian investment dealer industry along with developments/challenges/opportunities facing investment dealers and clients.Ability to take initiative and produce results either through independent work or collaborating effectively with a diverse team.Aptitude to communicate and confidently interact with internal and external stakeholders.Ability to gather and share relevant industry product due diligence developments and provide a fact-based opinions and recommendations.Key Accountabilities:Work with the Wealth Platform partners and other SMIR team members to map the full Risk Rating process workflow, upstream and downstream dependencies/impacts, and understand the nuances of the implemented methodology logic.Thoroughly test the implemented logic to identify potential defects and/ or ensure alignment with the intended framework and document findings.Review existing and develop new monitoring procedures and controls for the Risk Rating process.Work with the Model Development Risk (MRM) to understand their compliance requirements, draft the Risk Rating Model Development Report and collect the required evidence for submission to the MRM.Work with the MRM team to help them validate the model by addressing their follow up questions and implement their recommendations.Job Requirements Undergraduate degree and 5+ years of relevant experienceProficient with data, data infrastructure and experienced in developing new data processesStrong analytical and problem-solving skillsExperience with risk modeling/ model validation is preferred.Knowledge of the investment industry and its productsExcellent verbal and written communication skills and ability to build and manage relationships with multiple internal stakeholders.CFA designation or CFA candidacy is preferred but not required.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 ov- LocationToronto, ON
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2121806
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