Head of Market Risk, US Prime Brokerage

Work Location :

New York, New York, United States of America

Hours:

40

Line of Business:

Risk Management

Pay Detail:

$200,000 - $230,000 USD

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:

Head of Market Risk – US Prime Brokerage

We are seeking a highly experienced and strategic Head of Market Risk to lead risk oversight for our US Prime Brokerage business. This role is critical in shaping and executing the firm’s market risk framework, ensuring robust governance, and enabling informed business growth through disciplined risk management.

What You’ll Do

Own and evolve the market risk framework, including margin and gap risk methodologies, ensuring they remain forward-looking, scalable, and aligned with the firm’s risk appetite.

Lead end-to-end oversight of market risk across the US Prime Brokerage platform, identifying emerging risks and implementing best-in-class analytics and metrics.

Partner closely with Counterparty Credit, Counterparty Analytics, and Trading teams to deliver comprehensive risk coverage and a unified view of exposures.

Act as a trusted advisor to trading desks, providing insight into positions, market dynamics, and strategic risk considerations.

Drive risk governance , establishing and maintaining policies, procedures, and controls that underpin effective risk identification and management.

Translate complex risk insights into action , briefing senior leadership on key exposures and influencing risk mitigation strategies.

Engage with regulators , ensuring transparency, compliance, and alignment with evolving regulatory expectations.

Lead stress testing and scenario analysis , designing robust frameworks across products, business lines, and firm-wide environments.

Embed a risk-aware culture , fostering strong dialogue across stakeholders and promoting proactive risk management practices.

What You Bring

Bachelor’s degree required; advanced degree in Mathematics, Finance, Economics, or a related field—or CFA designation—strongly preferred

10+ years of deep market risk experience , ideally within Prime Brokerage or a complex trading environment

Proven ability to lead and develop high-performing teams , with a strong track record in talent management and mentorship

Expertise across asset classes and a strong understanding of market structure and risk drivers

Exceptional communication skills, with the ability to clearly articulate risk decisions and influence senior stakeholders

Collaborative mindset , with demonstrated success partnering across front office, risk, and analytics functions

Strategic thinker with the ability to balance risk discipline with business enablement

_____________________________________________________

The Director Risk TDS is primarily accountable for providing a comprehensive and diverse range of risk management expertise to business leaders and implementing appropriate risk frameworks and leading related management activities to mitigate enterprise or business wide risk exposures for key business segment of the Bank or functional area

Depth & Scope:

Generally an expert at the enterprise or group business level, requiring broad managerial and deep specialized knowledge of risk management issues at the enterprise, business, regulatory and industry levels

Acts as the primary regulatory interface on risk issues and requirements for a key business segment of the Bank and assesses and provides direction for existing and new regulations

Manages or oversees a number of major risk area requirements such as Credit, Operational, Regulatory and/or Market Risk or related programs that are enterprise-wide or cross multiple business segments (e.g. Basel credit project, SOX, Stress Testing etc.)

Represents business on corporate initiatives and identifies key risks and implications and provides direction in complex situations

Works with various regulators, business / corporate and pan-wide business support groups to deal with regulatory and cross-business level issues

Education & Experience:

Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.

Series 7, 79 and 63

7-10 years related experience

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

Domestic Travel: Occasional

International Travel: Never

Performing sedentary work: Continuous

Performing multiple tasks: Continuous

Operating standard office equipment: Continuous

Responding quickly to sounds: Occasional

Sitting: Continuous

Standing: Occasional

Walking: Occasional

Moving safely in confined spaces: Occasional

Lifting/Carrying (under 25 lbs.): Occasional

Lifting/Carrying (over 25 lbs.): Never

Squatting: Occasional

Bending: Occasional

Kneeling: Never

Crawling: Never

Climbing: Never

Reaching overhead: Never

Reaching forward: Occasional

Pushing: Never

Pulling: Never

Twisting: Never

Concentrating for long periods of time: Continuous

Applying common sense to deal with problems involving standardized situations: Continuous

Reading, writing and comprehending instructions: Continuous

Adding, subtracting, multiplying and dividing: Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank.

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 base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. 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’