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Collateral Analytics Senior Analyst

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TD Bank

12d ago

  • Job
    Full-time
    Junior Level
  • Banking & Finance
  • Toronto
  • Quick Apply

AI generated summary

  • You need 2+ years in capital markets or collateral management, strong analytical skills, communication proficiency, and knowledge in finance. Programming skills in VBA, Python, or SQL preferred.
  • You will investigate valuation discrepancies, support collateral risk processes, lead projects, manage reporting, enhance efficiencies, mentor analysts, and monitor market risks to ensure accurate collateralization.

Requirements

  • At least two years of capital market experience or relevant collateral management experience
  • Excellent written and verbal communication skills, ability to explain confidential and complex issues as well as experience with recommending changes to management
  • Self-starter with a high degree of initiative and the ability to learn and adapt quickly
  • Strong analytical skills and attention to detail
  • Knowledge of financial instruments, regulations, and market risk metrics, gained through academic study, or practical experience
  • Proficient with Microsoft applications
  • Programming skillsets such as VBA, Python, SQL is preferred to develop, modify and continually improve the risk management infrastructure used to capture and analyze risk
  • An undergraduate or graduate degree in Business, Economics, Mathematics, Finance, or another quantitative discipline
  • CFA and/or FRM would be considered an asset
  • Ability to work in a fast-paced environment and manage multiple deadlines and priorities
  • Ability to process and handle confidential information with discretion
  • Ability to analyze, organize and prioritize work while meeting multiple deadlines
  • Ability to set priorities and complete assignments on time, and work under pressure and meet required deadlines
  • Skill in conflict resolution and negotiation skills to collaborate across internal and/or external groups/partners
  • Skill in developing, designing or creating new applications, ideas, relationships, systems or products
  • Skill in encouraging and building mutual trust, respect and cooperation among team members
  • Ability to provide guidance and expert advice to management or other groups on technical, systems or process related topics

Responsibilities

  • Investigation, escalation, and resolution of valuation discrepancies to ensure that the bank is accurately collateralized
  • Support the risk appetite of the bank, by providing guidance and monitor day-to-day operations within the team regarding Collateral Risk processes. Ensure all analysis is complete and accurate with thorough commentary, while escalating issues in a timely manner.
  • Participate and add value to projects impacting the Collateral Management Department, including leading committee presentations to senior management
  • Policy reporting and analysis
  • Collateral optimization
  • Cross train to develop a broad level of understanding across the varied functions within CRC
  • Contribute their own ideas to make a difference and add value to the group. Effectively challenge, propose, and champion projects to improve efficiencies, to provide more effective business support.
  • Participate in industry working groups and be informed about regulatory changes and industry related initiatives
  • Ongoing, proactive risk management via staying abreast of risk issues in the capital markets and assessing impacts on our exposures
  • Seek opportunities to increase operational efficiency and lower operational risk through process reengineering
  • Support in identifying innovative opportunities and help drive these initiatives.
  • Develop and maintain a good understanding of the analytical principles underlying the pricing and risk management of OTC financial derivatives.
  • Keep management informed of market activities and potential risk to the bank with clear and concise recommendations on risk mitigation
  • Prepare dashboards and proactively meet with senior management (Credit Risk Management, Credit Management, Front-Office, Market Risk Control etc.) to review
  • Performing a number of control functions and adhering to the CMRM Standards to ensure the integrity of our processes.
  • Establish an environment that promotes respect for the individual employee and adheres to the policies and guidelines of the Bank
  • Help facilitate leadership, direction, advice and empowerment of the team, alongside management. Develop analysts through cross-training, indirect coaching (leading by example) and acting as the go-to person for daily processes and ad-hoc tasks.
  • Work alongside management during the recruitment process. Help identify high caliber candidates that will integrate successfully within the team.

FAQs

What is the work location for the Collateral Analytics Senior Analyst position?

The work location for this position is Canada.

What are the working hours for this role?

The working hours for this role are 37.5 hours per week.

What line of business does this position fall under?

This position falls under Risk Management.

What type of prior experience is required for this role?

At least two years of capital market experience or relevant collateral management experience is required.

What skills are necessary for a successful candidate?

The successful candidate should have excellent written and verbal communication skills, strong analytical skills, attention to detail, and proficiency with Microsoft applications.

Are programming skills advantageous for this role?

Yes, programming skillsets such as VBA, Python, and SQL are preferred to develop and improve the risk management infrastructure.

Is a degree necessary for this position?

Yes, an undergraduate or graduate degree in Business, Economics, Mathematics, Finance, or another quantitative discipline is required.

Does TD offer additional support for professional development?

Yes, TD offers regular development conversations, training programs, and mentorship opportunities to support career growth.

What kind of environment does the Collateral Management team promote?

The Collateral Management team promotes an environment that respects individual employees and adheres to company policies and guidelines.

Will there be training provided for new hires in this role?

Yes, training and onboarding sessions will be provided to ensure new hires have everything they need to succeed in their new role.

What is the purpose of collateral management within Capital Markets Risk Management?

The purpose of collateral management is to mitigate counterparty credit risk through the active monitoring of clients’ derivative and securities financing portfolios.

Is there an opportunity for participation in industry working groups?

Yes, there is an opportunity to participate in industry working groups and stay informed about regulatory changes and industry initiatives.

What qualities are important in terms of team dynamics?

Qualities such as building mutual trust, respect, cooperation among team members, and conflict resolution skills are important for team dynamics.

What is the hiring process like for this position?

The hiring process will involve reaching out to candidates of interest to schedule interviews, with outcomes communicated via email or phone call.

Are accommodations available during the interview process?

Yes, accommodations such as accessible meeting rooms and captioning for virtual interviews are available upon request.

What is TD's commitment to employee well-being?

TD is committed to providing a Total Rewards package that reflects investments in colleagues' financial, physical, and mental well-being goals, including benefits, savings programs, and career development opportunities.

Finance
Industry
10,001+
Employees

Mission & Purpose

Headquartered in Toronto, Canada, the Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD had CDN$1.9 trillion in assets on July 31, 2023. TD also ranks among the world’s leading online financial services firms, with more than 16 million active online and mobile customers. TD offers a full range of financial products and services to over 27.5 million customers worldwide through four key business lines: - Canadian Personal and Commercial Banking including TD Canada Trust, Business Banking, and MBNA - U.S. Retail including TD Bank, America’s Most Convenient Bank, TD Auto Finance (U.S.), TD Wealth (U.S.) and TD’s investment in Schwab - Wealth Management & Insurance including TD Wealth (Canada), TD Direct Investing, and TD Insurance - Wholesale Banking including TD Securities and TD Cowen