Senior Market Risk Analyst, Global Foreign Exchange

Work Location:

Toronto, Ontario, Canada

37.5

Risk Management

69,700 - 98,400 CAD (base pay may vary based on skills, experience, and location)

Market Risk (MR) is responsible for managing the ever‑changing and dynamic world of trading and non‑trading market risk, counter party credit, margin management and liquidity risk. Within MR we support TD Securities and TBSM business objectives in accordance with TD’s risk appetite and regulatory expectations. MR provides independent oversight of enterprise‑wide market, counter party credit and liquidity risks; ensuring all significant risks are appropriately measured, reported, analysed and transparent.

We are seeking an experienced and highly skilled Senior Market Risk Analyst to join our dynamic Market Risk Management team. The successful candidate will play a pivotal role in assessing, analysing and managing market risks across various asset classes, providing critical insights to senior management and helping shape strategic decisions to manage market volatility and financial risks effectively.

• Identify and assess risks related to market movements, including interest rates, FX Spot, FX vols and other related factors.
• Keep abreast of emerging issues, trends and evolving regulatory requirements and assess potential impacts.
• Conduct stress testing and scenario analyses to evaluate potential impact on the company’s portfolio.
• Actively manage relationships within and across various business lines, corporate and/or control functions and ensure alignment with enterprise.
• Proactively analyse potential risks and ensure key risks are aggregated / escalated to appropriate areas.
• Support established enterprise‑wide risk escalation, review and approval processes, policies and risk assessment processes.
• Support the Senior Managers / Managers of the Market Risk team in fulfilling the group’s mandate.

• Develop, produce and maintain comprehensive market risk reports, ensuring data accuracy and relevance.
• Provide in‑depth analysis and commentary on risk exposures and market trends to senior management.
• Understand system and model changes, their results and impacts, to our risk and valuation results and processes.
• Validate daily market risk, VaR, Stressed VaR and Backtesting exposures are captured, aggregated and reported with completeness and accuracy in accordance with existing market risk policies.
• Compare day‑over‑day risk metrics & VaR results against existing risk metrics and perform analysis to provide periodic commentary for various Risk Management audiences.
• Continuously reinforce business knowledge such as trading strategies and analytical principles underlying the pricing and risk management of financial derivatives.
• Create new tools to enhance existing daily production experiences using Python and/or other programming languages.

• Work closely with trading, portfolio management and finance teams to identify and mitigate market risks within portfolios and trading strategies.
• Advise business units on potential market risks and assist in the development of risk mitigation strategies.

• Ensure all market risk practices and procedures comply with relevant regulatory requirements and internal policies.
• Stay updated on industry regulations and evolving risk management standards.

• Stay current on market trends, financial instruments and risk management techniques.
• Propose and implement improvements to risk management processes and systems to enhance efficiency and effectiveness.

• Bachelor’s degree in Finance, Economics, Mathematics, Engineering or a related field. A Master’s degree or professional certifications (e.g., FRM, CFA) preferred.

• Minimum of 2‑3 years of experience in market risk management. FX experience preferred.
• Strong experience in risk analytics, portfolio management and financial modelling.
• Proven track record of working with financial instruments and derivatives.

• Expertise in quantitative analysis, derivative products…