Associate - Derivatives Compliance Specialist [Td Bank]

Company Overview

Tell us your story. Don't go unnoticed. Explain why you're a winning candidate. Think "TD" if you crave meaningful work and embrace change like we do. We are a trusted North American leader that cares about people and inspires them to grow and move forward.

Stay current and competitive. Carve out a career for yourself. Grow with us. Here's our story: jobs.td.com

Department OverviewTD Asset Management (TDAM), a member of TD Bank Financial Group, is a leading North American investment manager offering progressive investment solutions to both institutional and individual investors. For over two decades, the organization has established competitive market positions in active, quantitative, and passive portfolio management. As of March 31, 2023, TDAM and its affiliates manage over $421 billion in assets on behalf of pension, insurance, endowment/foundation, and corporate clients, as well as high-net worth clients and retail mutual funds.

In attaining this client commitment, TDAM has built one of Canada's largest and most respected investment management and research teams with more than 220 Portfolio Managers, Associate Portfolio Managers, Traders and Analysts.

TDAM has general fiduciary obligations as an asset manager of client money. These obligations require TDAM to have policies and procedures in the areas of portfolio investment guideline monitoring and trading monitoring and oversight.

The Regulatory & Policy Governance Group of TDAM is responsible for ensuring that all portfolios managed by TDAM are following all applicable regulatory and client investment rules and restrictions. TDAM currently uses the Bloomberg compliance monitoring system to monitor the investment rules and restrictions.

TDAM manages portfolios for Canadian and U.S. clients. As such, the Group requires its employees to have a solid knowledge base in both Canadian and U.S. investment management regulations.

This knowledge base must also cover the regulatory regimes for all types of investment products managed by TDAM, including mutual funds and liquid alternative funds sold to retail investors as well as segregated accounts, mutual funds and pooled funds sold to institutional investors, including pension plans and endowments. As TDAM expands its use of derivatives and product offerings, the successful candidate will serve as a subject matter expert assisting Product and Portfolio Management from an operational and control perspective.

A lack of knowledge of the regulatory rules or a breach of any one of these rules on any one of our investment mandates could result in sizeable losses to TDAM. It is important that we have the people and systems in place to manage this increasingly important operational risk.

Specific Accountabilities as it related to Derivative compliance

• The candidate will be expected to be current on all US and Canadian investment management regulations, including the Ontario Securities Act rules, the Canadian NI 81-102 conventional and Liquid Alternatives fund rules, the U.S. Investment Companies Act mutual fund rules, the U.S. Adviser's Act rules.
• Play an education role for TDAM, being the source of expertise in Canadian and U.S. regulatory knowledge as it relates to Derivatives.
• Ensuring investment breaches are escalated immediately and documented per TDAM's Error Treatment Policy.
• Maintain an effective operation of the compliance monitoring systems by developing a solid understanding of the workings of the systems, including Bloomberg AIM, the relevant security classification systems, the fund accounting system and other external data sources. Follow-up immediately on any data issues or rule coding irregularities that may be creating false negative or false positive investment breaches.
• The candidate will be expected to be liaison between TDAM, Regulatory Policy and Governance (RPG), Product, Portfolio Management and Legal to ensure new products and derivative use are consistent with the regulations and TDAM's Monitoring Principles.
• Review all new account rule coding being set up in the compliance system prior to PM's submitting the first trade for Synthetic mandates.
• The candidate must have an understanding of all regulatory rules and all client specific rules that are applicable for each account/mandate. Ensure all applicable investment restrictions are coded on the relevant compliance monitoring system in an accurate and timely basis (for new mandates) and amended, when required, (for existing mandates).

RequirementsThis is a derivative specialist role and the successful candidate will be considered a subject matter expert in the area of derivatives to support Portfolio Management and Product from a compliance and product design perspective. All the accountabilities listed above related to derivatives.

We are looking for a person who is team-oriented and passionate, meticulous and efficient in their work, detail oriented, has proven record of completing tasks with high-quality results, excellent communication, problem solving, analytical and multi-tasking skills, and the ability to function in a fast-paced team environment. Pursuing CFA designation is not required but will be considered an asset. Coding using visual basics is not a requirement but would be considered an asset. The individual will have proven ability to work on multiple projects prioritizing deadlines and ensuring risk related to derivative usage is managed consistent with TDAM's Monitoring Principles.

Experience working in compliance function at a hedge fund is an asset.

Hours37.5Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.