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Manager, Pension Investment Management

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TD Bank

Oct 8, 2024

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

AI generated summary

  • You need a degree in a technical field, 5+ years in finance, strong risk management and analytical skills, proficiency with investment tools, and excellent communication abilities.
  • You will innovate ALM approaches, implement monitoring strategies, analyze funding recommendations, lead risk research, prepare presentations, and support regulatory compliance for pension plans.

Requirements

  • Undergraduate or graduate university degree in a technical field such as Mathematics, Statistics, Finance, etc.
  • CFA and/or actuarial designation (FSA or FCIA) would be an asset.
  • 5+ years of experience in the financial field; experience in Asset Liability Management and/or the pension investment area is preferred.
  • Working knowledge of portfolio construction theories, portfolio management principles and financial markets.
  • Strong risk management capabilities, particularly in managing interest rate, credit, and liquidity risks.
  • Excellent quantitative skills and proficiency in portfolio management tools (e.g., Bloomberg, BlackRock Aladdin, etc.); experience with investment databases, eVestment, etc.
  • Analytical thinking: Ability to analyze complex financial and market data, as well as liability cash flows, to inform decision investment making.
  • Communication and presentation skills: clear and concise communicator, capable of simplifying complex investment or actuarial concepts for a broad audience and facilitate effective discussion on complex issues; experience in presenting to senior management, and investment committees would be considered an asset.
  • Proven track record of taking ownership of projects and manage/prioritize multiple competing priorities.
  • Self-starter that takes ownership with accountabilities with an ability to work with limited supervision; Dynamic and adaptable: comfortable working in a dynamic, fast-paced environment where every day is different!

Responsibilities

  • Identify opportunities to innovate in the pension funds' ALM approach by integrating best practices in portfolio construction and risk management.
  • Contribute to the development, implementation, and monitoring of ALM framework and tools, ensuring alignment with TD DB pension plans' risk tolerance, funding objectives, and liabilities.
  • Develop long-term strategic asset allocation and risk mitigation strategies across Fixed Income and Return Seeking asset classes, by ensuring a balance between return generation, liquidity, and ALM risk management.
  • Plan and contribute to the implementation of monthly compliance monitoring, liquidity management and portfolio re-balancing strategies for Canadian DB plans.
  • Analyze, formulate, and present pension funding recommendations, taking into consideration current market conditions, investment strategies and impact to the bank's balance sheet.
  • Lead thematic research on emerging risks which may impact current plan investments or portfolio construction decisions.
  • Support preparation and review of presentation materials for the Fiduciary Committee or other senior audiences; provide analytical and operational support, ensuring timely responses to ad hoc requests from internal and external partners.
  • Act as subject matter expert in pension liability, funding and risk modelling methodologies and support the design, development and maintenance of performance monitoring and reporting tools.
  • Contribute to Regulatory compliance and Risk Management initiatives related to pension plans.

FAQs

What is the work location for this position?

The work location for this position is Canada.

What are the working hours for this job?

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

What is the main responsibility of the Pension and Retirement Investment Management team?

The main responsibility of the Pension and Retirement Investment Management team is to support the fiduciary investment committees in overseeing the pension and retirement investment portfolios of over 20 defined benefit, defined contribution, and savings plans, totaling over $15 billion in assets.

What kind of experience is preferred for candidates applying to this job?

Candidates with 5+ years of experience in the financial field, particularly in Asset Liability Management and/or the pension investment area, are preferred.

What qualifications are required for this role?

An undergraduate or graduate university degree in a technical field such as Mathematics, Statistics, or Finance is required. A CFA and/or actuarial designation (FSA or FCIA) would be an asset.

Is prior knowledge of portfolio management tools necessary for this position?

Yes, strong proficiency in portfolio management tools such as Bloomberg and BlackRock Aladdin, as well as experience with investment databases like eVestment, is necessary.

Does TD Bank offer support for colleague development or training?

Yes, TD Bank provides regular development conversations, access to an online learning platform, and various mentoring programs to support colleague development and help them succeed in their career paths.

Are there opportunities for career advancement with TD Bank?

Yes, there are many career paths within TD Bank, and the organization is committed to helping colleagues identify opportunities that support their career goals.

What benefits are included in the Total Rewards package?

The Total Rewards package includes a base salary, variable compensation, health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

Will accommodations be provided during the interview process if needed?

Yes, TD Bank is committed to accessibility and will provide accommodations to help remove barriers during the interview process upon request.

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TD Bank

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