VP, Model Governance Framework & Standards, TDS Governance & Control

Work Location :

New York, New York, United States of America

Hours:

40

Line of Business:

Governance & Control

Pay Detail:

$150,000 - $175,000 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:

TD Securities (TDS) is seeking an experienced Model Governance professional to support the continued evolution of its Front Office Model Governance framework. Reporting to the Director, TDS Models Governance & Control (G&C), this role will serve as a subject matter expert (SME) responsible for evaluating the current state of model governance practices at TDS, identifying opportunities for enhancement, and helping design and implement an enhanced target state governance framework aligned with regulatory expectations and industry best practices.

The successful candidate will possess strong expertise in model governance, model risk management principles, and model lifecycle oversight, coupled with a working knowledge of pricing and valuation models used within capital markets. The individual will partner closely with other 1st Line of Defense (1LoD) teams (model owners, model developers, etc.), and engage with enterprise functions such as Model Risk Management (MRM), and internal audit to develop and sustain mature governance for front office models.

This role is primarily focused on framework design, governance uplift, policy/standards/procedures development, and strategic transformation initiatives.

Key Responsibilities

Governance Framework Assessment

• •Assess existing TDS model governance practices against regulatory expectations and industry-leading practices;
• •Perform current-state versus target-state assessments across the model lifecycle;
• •Identify governance, oversight, change management, monitoring, and accountability gaps; Evaluate governance frameworks supporting pricing/valuation, risk, and other model types used within TDS;
• •Support development of strategic initiatives and governance maturity roadmaps;
• •Draft policies, procedures, and standards to reflect the enhancements made to TDS governance framework;
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• •Draft control requirements and control procedures for 1st LoD model lifecycle processes;
• •Assist with training and awareness activities across model lifecycle participants.

Required Experience

8-10 years of experience in model governance, model risk management, model validation, quantitative risk, or related financial services governance functions.

Demonstrated experience designing and uplifting model governance frameworks.

Experience drafting governance standards, procedures, policies, and control documentation.

Experience working with Model Risk Management and Internal Audit functions.

Strong understanding of model lifecycle governance principles.

Familiarity with regulatory guidance relating to model risk management.

Required Technical Knowledge

Strong understanding of model governance and model risk management concepts.

Strong understanding of model lifecycle controls.

Working knowledge of pricing and valuation models (i.e. risk-neutral pricing methods) used within capital markets environments.

Understanding of model development, implementation, validation, change management, monitoring, and retirement processes.

Familiarity with governance expectations applicable to model inventories, annual reviews, model changes, implementation governance, and documentation standards.

Preferred Qualifications

Experience within investment banking, capital markets, or broker-dealers.

Familiarity with SR 11-7/26-2, OSFI E-23, and other regulatory guidance.

Experience supporting regulatory examinations or audit reviews.

Experience performing governance maturity assessments and target-state design exercises.

Strong written communication and policy drafting skills.

*General Job Description:

The Manager II, Governance & Control leads and manages a governance and control team, overseeing diverse functions in an area of moderate risk, complexity or scope usually involving short to medium-term planning. This role ensures an integrated approach with other business governance and control areas, the broader organization, and enterprise control functions.

Depth & Scope:

• •Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
• •Leads and manages a team of professionals for a diverse group set of G&C functions in an area of moderate risk, complexity or scope, while growing talent, developing skills and capabilities to achieve career goals, support project/initiative success and achieve business results
• •Presents and makes recommendations to senior management and executives
• •Ensures an integrated approach with other business areas, broader organization, and enterprise as appropriate
• •Coordinates and prioritizes multiple initiatives and manages resource allocation
• •Establishes effective relationships with different Stakeholders, Business Sponsors, Executives and LOB
• •Provides coaching, mentorship and guidance to practitioners, business, executives within area of expertise
• •Deep knowledge and understanding of businesses/technology, and organizational practices/disciplines
• •Focuses on medium-term planning and business issues (e.g. 6-12 months)

Education & Experience:

• •Undergraduate degree preferred
• •7+ years of relevant experience
• •Advanced business understanding and knowledge of risk and control functions
• •Advanced knowledge of governance, risk and control procedures, strategies & tactics
• •Knowledge of risk management environment, standards, regulations and mitigation
• •Knowledge of current and emerging trends
• •Skill in managing budgets and resource allocation
• •Skill in mentoring, coaching and performance management
• •Skill in using analytical software tools, data analysis methods and reporting techniques
• •Skill in using computer applications including MS Office
• •Ability to lead, plan, implement and evaluate program/project activities to ensure completion
• •Ability to communicate effectively in both oral and written form
• •Ability to work collaboratively and build relationships across teams and functions
• •Ability to work successfully as a member of a team and independently
• •Ability to exercise sound judgement in making decisions
• •Ability to analyze, organize and prioritize work while meeting multiple deadlines
• •Ability to process and handle confidential information with discretion
• •Ability to establish goals and objectives that support the strategic plan
• •Ability to contribute to strategic direction of the strategic initiatives and projects

Customer Accountabilities:

• •Develops, communicates and implements a holistic governance and control strategy for own specific business function in support of and integrated with the overall business strategy
• •Manages and plans activities that require alignment across multiple areas
• •Leads the implementation of regulatory change management and provides guidance to the team in the development and/or integrated implementation of policies/procedures/changes across multiple business/functional areas
• •Leads partnership with management and respective teams for area of specialization wit