TD Securities, Market Data Services Intern/Co-op - Fall 2021

TD Bank - Toronto, ON (il y a 30+ jours)

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Department Overview

Global Operations and Business Services is a diverse and dynamic group of people delivering continued business success through leadership, collaboration, innovation and visionary thinking. We provide critical infrastructure services that support and control the trading, investment and corporate banking functions of TD Securities.

Within our core values, we foster a culture of diversity, inclusion and community support/giving.
Data is integral to the financial business. Recent years have seen the onset of big data transform financial industries, including the ways in which business is conducted, with financial services at the forefront of this wave. At TDS Data Services, Strategy and Governance, we are always looking for newer, more efficient ways to gather, manage, analyze and distribute data which means the possibilities for growth and innovation are endless.

We are a diverse and talented team within TD Securities that manages a wide range of data to help facilitate and drive the TD-Client relationship. Every single client that TD deals will have data associated with them to allow TD to trade or do business.

Job Description

Market Data Services is an independent and centralized infrastructure control function responsible for sourcing, validating, storing and distributing all security reference and market data needed for the Market Valuation Process (MVP) and Independent Price Verification (IPV) process of various asset classes. The Market Data Services Team plays a vital role in ensuring the high of quality of data used for various risk reports on the trading portfolios of the Bank. The group primarily conducts market data validation using established and agreed-upon thresholds and manages the resolution of discrepancies. The group is also responsible for ensuring that complete and accurate security reference and market data flow into the profit and loss (PnL) reports and into the Risk Analysis Engine, which computes risk metrics such as Value at Risk (VaR).

In addition, the Team is engaged in change-the-bank initiatives related to proposed changes to market data, new trading products and/or new data platforms and opportunities to innovate and automate. This role will thus appeal to an individual who is comfortable taking ownership of complex and challenging initiatives, demonstrating an aptitude for being forward thinking and innovative.

The role will require extensive co-ordination and interaction with various Operations teams, including the regional data services teams. These teams work very closely, and the Analyst is expected to maintain an open and effective relationship across TD Securities' global footprint. The role will also require close interaction with Front Office desks, Technology and other professionals across the firm to mitigate risks associated with the Market Valuation Process.

Generate accurate and complete Market Valuation Process (MVP) market data in accordance with the Global and associated business line IPV policies. This consists of daily validation and analysis of MVP data in the Asset Control system, as well as data reconciliation in all downstream systems.
Demonstrate the TD Framework and share commitments in daily activities. This consists of establishing strong relationships with Front Office, CMRM, Technology teams, audit teams, external vendors, and other stakeholders. The candidate is also expected to participate in team building and personal development activities, which aim to promote team harmony and contribute to a positive work environment.
Actively engage in all Market Data initiatives or implementation projects aimed to either reduce market data costs or improve effectiveness of internal controls and business support.
Actively contribute to new projects or requirements initiated by the Project Delivery Team, Front Office or CMRM teams. This consists of understanding the project requirements, ensuring that downstream impact and limitations are properly understood and addressed, and providing feasible solutions to identified roadblocks.
Manage the annual audit engagements by maintaining the accuracy and completeness assertions of all assigned processes. This consists of escalating any identified control gaps, ensuring that all late or missing market data uploads and related metrics are documented and appropriately explained. The candidate is also expected to ensure that all internal control processes are adequately documented in accordance with the Global Operations Standards.
Maintain a good understanding of the financial markets in general and the various products employed by the business to be able to contribute to the broader Business Services group as a subject matter expert on complex products pricing & risk issues.

Job Requirements

Current enrollment in an undergraduate program in Business, Economics, Mathematics, Finance
Proficient with MS Office Suite and internet applications
A general understanding of market environments and trading businesses.
Strong analytic, problem-solving, conceptualization and strategic thinking skills.
Independent thinker who takes the initiative to capitalize on opportunities or minimize problems
Excellent communication, interpersonal and organizational skills.
VBA programming, SQL, Bloomberg, Reuters or database management experience would be considered an asset.
Experience with implementation of IT projects from a business user side would be considered an asset.
Enrollment in CFA/FRM/CSC program is an asset.

Additional Information

Early Talent Requirements

Applications must include a transcript, cover letter (one letter-sized page or less) and a resume (maximum of 2 pages).
We welcome all applications; however, we will only contact qualified candidates chosen for an interview. Thank you for your interest.
TD requires employees to reside in the country where the role is located, irrespective of remote working arrangements

Inclusiveness

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.

Type of Role

Internship/Co-Op and Summer Opportunities

Start Date

  • Fall
Job Family

Campus

Job Category - Primary

Campus Program

Job Category(s)

Campus Program

Hours

37.5

Business Line

TD Securities

Time Type

Full Time

Employment Type

Intern / Student

Country

Canada

**Province/State (Primary)

Ontario

City (Primary)

Toronto

Work Location

Remote Toronto

Job Expires

03-Aug-2021