Work

Location:
Toronto, Ontario, CanadaHours:37.5Line of Business:Risk ManagementPay Details:$69,700
- $98,400 CADTD 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
Department OverviewMarket Risk (MR) provides independent oversight of trading market risk across TD Securities, with a strong focus on quantitative risk measurement, model behaviour, and risk factor dynamics . The team is responsible for evaluating how market movements, model assumptions, and portfolio structure impact risk metrics, capital, and limit utilization, in line with TD’s risk appetite and regulatory expectations.
Within MR, the Global Foreign Exchange (GFX) team covers FX options, FX & short term interest rate trading , partnering closely with front office, product control, and risk analytics teams to ensure risks are well‑understood, consistently measured, and transparently communicated . The group operates in a model‑driven setting , combining risk sensitivities, VaR, stress testing,



and scenario analysis with deep product knowledge to support decision‑making across the firm’s global trading platformsPosition OverviewWe are seeking a Market Risk Analyst to join the GFX Market Risk team. The role provides market risk analysis, reporting, monitoring, and support to risk and business partners, helping ensure exposures are accurately measured, aggregated, understood, and escalated.
As a Market Risk Associate within the Global Foreign Exchange team, you'll be part of a group that is responsible for providing market risk oversight and reporting across risk sensitivities, VaR, and Stress for the GFX businesses (covering FX Options and Short term interest rate trading) ; ensuring that these risks are understood, appropriately measured, and that the business operate within risk appetite. In addition, the team executes infrastructure changes with regards to the implementation of new or revised risk policies, regulatory requirements, system updates, ad-hoc measurements used by the Bank to monitor market risk holistically. The Market Risk team is a global business supporting trading activities in Toronto, New York, Calgary, Singapore, London, and Dublin.
This is an individual contributor role aimed at developing specialized FX product knowledge and risk oversight capability. The successful candidate will deliver assigned work end to end within established guidelines, exercise judgment using multiple sources of information, identify issues, and build increasing independence under management guidance and supervision.

Key Responsibilities




Market Risk AssessmentReview daily exposures and P&L; for the GFX businesses, including FX Options and Short-Term Interest Rate Trading.
Monitor and enforce approved desk and asset class limits, escalate breaches and emerging issues, and support guidance to traders using developing product-specific expertise.
Run and analyze established stress tests and scenario analyses to identify portfolio vulnerabilities and changing risk drivers.
Escalate notable P&L;, valuation, limit, data, model, or control issues through established review and approval processes.
Monitor market trends and emerging risks and assess their potential impact on the GFX portfolio.
Support analysis related to new products, trading activity, and change initiatives, as assigned.
Risk Reporting and AnalysisProduce and maintain accurate, complete, and timely market risk reporting and analysis.
Validate that risk sensitivities, VaR, Stressed VaR, stress testing, and backtesting exposures are captured, aggregated, and reported in accordance with applicable policies and procedures.
Analyze day-over-day changes in risk measures and P&L; and provide clear commentary to Risk Management and business partners.
Identify data quality, methodology, model, and system issues and contribute to investigation and resolution.
Develop practical knowledge of FX trading strategies, derivative products, valuation concepts, and the analytical principles underlying pricing and risk management.
Collaboration and Change SupportWork closely with traders and control partners, including Product Control, Finance, Technology, project delivery, and other Risk teams.
Contribute analytical insights on risk drivers, limit usage, control effectiveness, and risk mitigation actions.
Keep stakeholders informed of issues, analysis, and pro

📌 Market Risk Analyst, FX (Toronto)
🏢 TD Bank Group
📍 Toronto