Market Risk Manager, Trading Market Risk Stress Testing & Scenario Design (5111)

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Risk Management

Pay Details:

96,900.00 - 136,800.00 CAD

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:

Job Description Summary

Support the Director, Trading Market Risk Stress Testing & Scenario Design in the execution, enhancement, and governance of TD's Trading Market Risk stress testing framework. The role will provide analytical leadership and effective challenge to ensure significant market risks are appropriately identified, analyzed, measured, reported, and escalated in line with TD's risk appetite.

The Market Risk Manager will contribute to scenario design, stress testing methodology, regulatory and management reporting, and ad-hoc analysis of emerging risks. The role will partner with Market Risk colleagues, Front Office, Finance, Model Development, Technology, Economics, Internal Audit, and other control groups to strengthen risk transparency and support continued evolution of stress testing capabilities.

Job Description

KEY ACCOUNTABILITIES

Stress Scenario Design

• Support the execution, oversight, and maintenance of the Market Risk stress testing program, including stress testing scenarios, assumptions, documentation, and related processes.
• Contribute to the development and enhancement of stress testing methodologies, including scenario design, risk factor calibration, and analysis of portfolio vulnerabilities.
• Execute and support key stress testing initiatives, including Dodd-Frank Act Stress Test (DFAST), Enterprise-Wide Stress Testing (EWST), Macro Stress Test (MST), and ad-hoc scenario analysis to assess new and emerging risks.
• Prepare materials and analysis to support strategic discussions on the evolution of the stress testing framework, including roadmap items, methodology enhancements, governance deliverables, and technology capabilities.
• Review new product requests and business changes to assess market risk impacts, valuation considerations, and the adequacy of stress measures, limits, and controls.

Reporting and Analysis

• Analyze stress testing results and summarize key findings, including drivers, attribution, concentrations, trends, and potential implications for the trading market risk profile.
• Provide analytical expertise on trading market risk activities, delivering effective challenge while supporting business growth within TD Securities' risk appetite.
• Maintain a strong understanding of key risk and risk-related issues through review of risk reports, stress testing data, market developments, and dialogue with relevant stakeholders. Ensure material risks are transparent to Risk Management, Business Leaders, and Senior Management.
• Support internal governance forums, regulatory submissions, management reporting, and senior stakeholder communications related to stress testing and scenario analysis.
• Participate in industry calls and collaborate with peers across other financial institutions to identify leading practices and benchmark stress testing approaches.
• Monitor the effectiveness of stress testing strategies, programs, reporting, and practices, and identify opportunities to improve quality, efficiency, automation, and control discipline.
• Keep abreast of emerging market themes, regulatory expectations, and internal policy requirements, and assess potential impacts to scenario design and stress testing outputs.

Leadership and Stakeholder Management

• Report to and support the Director, Trading Market Risk Stress Testing and Scenario Design, helping translate strategic priorities into executable deliverables and high-quality analysis.
• Lead workstreams or small project teams as required, providing guidance, review, and coaching to junior colleagues and supporting knowledge transfer across the team.
• Meet requirements of emerging Enterprise standards, internal policies, and governance expectations.
• Promote an environment where issues are escalated in a timely and transparent manner, with clear ownership and follow-through.
• Foster collaboration, innovation, creative thinking, and continuous improvement across stress testing processes, analytics, and reporting.
• Interact with stakeholders across the organization including Front Office, Finance, Model Development, Technology, Economics, Internal Audit, Regulatory Relations, and other control groups.

EXPERIENCE & EDUCATION

• Advanced degree in Finance, Economics, Mathematics, Engineering, Statistics, or another relevant discipline preferred.
• 6+ years of relevant experience in Capital Markets, Market Risk, stress testing, financial risk analytics, or related control functions.
• Prior experience with stress scenario design, stress testing execution, risk factor analysis, or portfolio-level market risk analysis.
• Strong understanding of trading products, market risk measures, and risk management concepts, including VaR, stress testing, sensitivities, limits, and risk appetite frameworks.
• Experience supporting regulatory stress testing, management reporting, governance forums, or audit/regulatory review processes is an asset.
• Strong communication skills with the ability to summarize complex risk issues clearly and build relationships with cross-functional teams and stakeholders at multiple levels.
• Robust organizational skills with the ability to work in a demanding environment and manage multiple deliverables, deadlines, and priorities.
• Advanced critical thinking, analytical, and problem-solving skills, with demonstrated ability to apply judgment to complex and evolving risk topics.
• Experience working with data analysis, automation, and visualization tools such as Excel, Python, SQL, Power BI, Tableau, or similar platforms.
• Knowledge of regulatory and compliance requirements in the financial industry.
• Results-driven mindset with a focus on delivering high-quality analysis, strong controls, and practical business outcomes.

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. 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 a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. 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’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process 
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Sans Objet