Financial auditors and accountants
Title posted on CareerBeacon -
Senior Manager, Stress Testing and Scenario Analysis (ORM)
Posted on
June 29, 2024
by
Employer details
TD Bank
Job details
Work Location:Toronto, Ontario, CanadaHours:37.5Line of Business:Risk ManagementPay Details:We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.Job Description:Job Description:Operational Risk Management is accountable for the design and implementation of TD's Operational Risk Management Framework that sets out the Bank's policies, processes and practices for the identification, assessment, reporting, mitigation and control of operational risk. Within this context, ORM acts as an independent risk management function responsible for ensuring the Bank has an effective operational risk management program to manage risk within the Bank's risk appetite.TDBG applies the "Three Lines of Defence" model to risk management. As a representative of the second line of defence, the position of Senior Manager, Stress Testing and Scenario Analysis, assures the appropriate design, implementation and/or execution of (applicable components of) the TDBG risk management framework. This position reports to the AVP, ORM Risk Measurement.Senior Manager, Stress Testing (ST) and Scenario Analysis (SA) will leadORM's Stress Testing Program: Includes both regulatory and internal stress test exercises. Regulatory stress tests include the Dodd-Frank Act Stress Testing (DFAST) and Comprehensive Capital Analysis and Review (CCAR) in the U.S. and OSFI Macro Stress Test (MST) in Canada. The internal stress test is the annual Enterprise-wide Stress Test (EWST). In addition, ad-hoc stress testing exercises are conducted on need basis. ORM's Scenario Analysis Program: Development and implementation of Scenario Analysis Standard and Guidelines. Key Responsibilities include:Oversee a cross-border team of Stress Testing and Scenario Analysis Leads and collaborate with risk and business partners for successful delivery of program mandatesOwn, enhance and implement the operational risk stress testing methodology and Scenario Analysis program in line with the industry practices and evolving regulatory expectationsConsolidate, synthesize, and effectively communicate the operational risk stress testing and scenario analysis results to senior managementEnsure stress testing model methodology adhere to prescribed Model Risk policies and practices as well as the Bank's Stress Testing FrameworkEnsure SA and ST program documentation and artifacts (pRCSA, process/flow diagrams, methodologies, procedures) for regulatory and internal purposes (Audit, Governance & Control) are high-quality, accurate, completed within required timeframe, and meet all regulatory standards/expectationsConduct periodic benchmarking of TD's methodology and results to industry results and best practicesPerform/oversee ad-hoc analysis as required by management and other business partners throughout the yearRepresent TD as a subject matter expert in meetings with Regulators and industry working groupsSustain, identify strong talent, recruit, and develop a diverse talent pipeline of qualified workforce to innovate and maximize individual strengths to lead to a better business outcomeBuild out the programs with a focus on providing a sustainable risk management benefit to the BankDepartment Overview:Operational Risk Management ("ORM") is accountable for the design and implementation of TDBG's Operational Risk Management Framework, which sets out the Bank's governance, policies, processes and practices for the identification, assessment, reporting, mitigation and control of operational risk. Within this context, ORM acts as an independent risk management function responsible for ensuring the Bank has an effective operational risk management program to manage risk within the Bank's risk appetite.Job Requirement:Over 10 years of related experience (e.g. experience in Risk Management, regulatory capital stress
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LocationToronto, ON
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SalaryNot available
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Terms of employment
Full time
- Start date
Starts as soon as possible
- vacancies
1 vacancy
- Source
CareerBeacon
#2090626
Advertised until
2024-07-28
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