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Manager: Governance & Controls: Models – Non-Models and Algos
| Company | TD Bank |
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| Location | New York, NY, USA |
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| Salary | $95000 – $160000 |
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| Type | Full-Time |
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| Degrees | |
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| Experience Level | Senior, Expert or higher |
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Requirements
- Direct experience with Algo Trading Risk in a 1st or 2nd line function.
- Risk management experience in a 1st or 2nd line function.
- Working knowledge of capital markets asset classes (e.g. fixed income, FX, equity/FI/FX derivatives) and regulatory environment.
- Strong communication skills with the ability to build relationships at multiple levels across both 1st line businesses and enterprise partners including 2nd line teams and audit.
- Advanced abilities in making decisions using a risk-based approach and articulating the rationale behind those decisions to various audiences.
Responsibilities
- Enhance current change management processes to increase speed to market while aligning with risk appetite and regional requirements.
- Along with the ARC team, establish clear roles and responsibilities for managing Algo Trading activities across the Three Lines of Defense.
- Establish monitoring framework for Algo trading activities and setup a process to regularly review and assess monitoring tools and processes.
- Work with 2nd Line partners to regularly assess the risks associated with Algo trading activities, and to establish a framework to risk assess each Algo.
- Enhance the Algo Inventory including adding appropriate attributes and designing a solution to maintain the inventory (e.g. Confluence).
- Develop procedures for Issues Management including the timeline identification, escalation, and remediation of Operational Risk Events and regulatory violations.
- Collaborate with Global Market Supervision, business heads, Vendor Management, and ARC to improve transparency and monitoring of Third-Party owned/developed Algos.
Preferred Qualifications
No preferred qualifications provided.
