Vice President, TDS Operations, NY Middle Office

Work Location :

New York, New York, United States of America

Hours:

40

Line of Business:

TD Securities

Pay Detail:

$120,000 - $170,000 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:

Preferred Qualifications:

Department Summary:

Trade Support is a division of The Fixed Income Middle Office. Trade Support is responsible for pre and post execution trade support for the TD Securities trading businesses within Global Markets, Trade Support ensures trades are reflected in the front office trading systems on an accurate and timely basis. Trade Support supports both trading and sales functions in London, Dublin, Toronto, New York and Singapore with specific accountabilities pertaining to trade capture, position management, business reporting and client analytics. Trade Support interacts with trading, Sales, Operations, Technology, Compliance and institutional customers to deliver its mandate. Trade Support will also support the ongoing development, design and adherence of the target operating model for front office processes that are required for effective trade execution, trade capture, position management and risk management.

Position Summary:

Responsible for representing the Trade Support mandate to internal and external stakeholders during New York business hours. In all instances it is expected that the individual will develop, promote and maintain positive relationships with all stakeholders.

Analyse, identify and implement various process improvements and automation.

Perform various data analysis within excel, which can then be presented to numerous teams including sales and trading.

Responsible for the daily execution of the following activities:

• •Supporting the IFI trading and sales desks with trade capture of multiple products in multiple systems.
• •Main Products: Short Term Duration Products (Repo – Bilateral & Tri-party, Funding)
• •Main Systems Used: ION Anvil, Calypso Derivatives, Bloomberg TOMS, TAAPS and FINRA TRAQS

• •Ensuring all trades are captured accurately and in a timely manner.
• •Assisting in the resolution of STP feed outages.
• •Monitoring risk across the business to ensure that we adhere to policy limits.
• •Resolution of ah-hoc queries relating to risk and P&L discrepancies.
• •Investigation of ad-hoc trade queries – liaising with internal and external individuals to ensure all queries are resolved in a timely manner.

Actively manage various initiatives and ad hoc requests. Initiatives will vary from infrastructure improvements, changes in regulatory requirements to supporting local business initiatives. The individual is expected to utilize their relationships to help drive these initiatives to completion.

Evaluate any changes in regulatory requirements and changes in the business model and pro-actively make changes to adapt to maintain effective and efficient business support. Where appropriate, the individual will engage multiple stakeholders globally in order to deliver the most cost effective, value-added solutions.

Work in partnership with other teams to ensure any audit or regulatory findings are managed and cleared within the committed timelines.

Ensure both Functional and Regional Management are kept current and apprised of all relevant issues relating to Trade Support activities with proper escalation of issues in a timely manner.

Required Qualifications:

Minimum 10 years of experience in Fixed Income (FO, MO, Ops)

Series 7 and Series 63 required

B.A degree in Economics or Finance

Strong understanding of fixed income products and/or trade lifecycle management.

Strong Microsoft Excel skills, including data analysis, reconciliation, and reporting.

Proven analytical and problem-solving skills with the ability to investigate and resolve complex operational issues.

Ability to operate effectively in a fast-paced, deadline-driven environment.

Strong communication skills with the ability to engage effectively with Sales & Trading desks and stakeholders across the organization.

General Job Description:

The VP, TDS Operations leads a group of operational functions and activities via Team Leaders/Operations Officers/ Analysts/Specialists within a unit and provide guidance, leadership, coaching and development to ensure operational results and professional/personal development objectives are achieved for the overall group.

Depth & Scope:

• •Provides people management leadership by recruiting top talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
• •Oversees a large team with functional diversity and complexity where activities involve multiple step transactions, multiple systems and jurisdictions, higher volumes and/or medium to high complexity
• •Expert knowledge of the business and operational functions supported
• •Leads teams with multiple points of internal and external contact including direct contact with Customers
• •Work focus time horizon is generally medium to long-term with moderate to high focus on strategic planning
• •Requires expert process management knowledge and the risk profile for team processes supported
• •Decision making authority and ambiguity and nature of issues managed are generally more complex, risk oriented, time sensitive and/or impacts a significant part of the organization
• •Acts as highest point of team escalation for resolution and provides direction to resolve issues or escalate
• •Involves daily contact with cross-functional teams across TDBG or external contacts and/or customers

Education & Experience:

• •Undergraduate degree/ college diploma preferred and/or
• •6+ years relevant experience and 4+ years of people management experience
• •Advanced knowledge of key functional areas including Capital Markets, Financing Operations, Payment and Correspondent Banking Services, Business Services, Change Delivery, and Regional Operations
• •Knowledge of capital markets products, which may include Foreign Exchange, Fixed Income, Equities and Derivatives.
• •Knowledge of current and emerging trends in the industry and market
• •Knowledge of risk management environment, standards and regulations
• •Strong knowledge of process management to drive efficiency
• •Ability to contribute to strategic direction of the function and provide advice to senior leadership
• •Skill in managing budgets and resource allocation
• •Advanced ability to lead, plan, implement and evaluate program/project activities to ensure completion of initiatives
• •Skill in talent development and performance management
• •Ability to make an impact, influence and achieve results with effective negotiation, problem-solving and communication skills
• •Skill in negotiation and partnership
• •Skill in using analytical software tools, data analysis methods and reporting techniques to assess risk and challenge the status quo
• •Skill in leadership, mentoring, coaching and performance management
• •Ability to exercise sound judgement in making decisions
• •Ability to communicate effectively in both oral and written form with partners at all levels including senior management
• •Ability to work collaboratively and build relationships across teams and functions
• •Skill in organization and time managemen