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Risk Manager - Credit Risk Strategy
TD Bank
Wilmington, DE, United States
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TD Description
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com.
Department Overview
The Credit Risk team is primarily focused on making recommendations to the business and managing risk strategy through a balanced risk/reward approach and managing our customer experience while building strong partnerships across the organizations with our control partners. Responsible for, but not limited to, development, monitoring, and management of acquisition and account underwriting criteria and exposure management; adherence to enterprise policies, procedures and processes; oversight of fraud and collections strategy and operations; cards loss forecasting and portfolio monitoring; and merchant solutions underwriting and monitoring.
Job Description
The Risk Manager II is responsible for managing the creation, implementation and validation of various risk segmentation strategies including, but not limited to: adjudication, exposure management, risk segmentation, and financial return optimization. The Risk Manager II provides critical information, interpretative, and detailed analysis, and deploys critical credit risk rational strategies that ensures the decisions are made within the TD risk appetite and adhere to all governmental requirements and guidelines. The Risk Manager II investigates, creates, implements and validates various risk segmentation strategies and policies using complex data including cohort time series analysis of PCL, Marketing Investments, Decision Expense, Risk Adjusted Revenue, Risk Adjusted Margin, NPV, ROE, etc. with the limited guidance from the manager.
Primary Responsibilities:
• Responsible for the design and implementation of Credit Management Acquisition underwriting, Line Assignment, and ECM strategies
• Performs first occurrence validation (FOV) of strategies to ensure proper implementation and also perform timely strategy validation exercises to ensure performance meets expectations
• Support new strategies when new products are introduced to the Bankcard product catalog; may support co-brand relationship exercises for TD Ameritrade, Ally Bank, or Aeroplan cards
• Monitor portfolio performance and pro-actively identify key drivers of trends in order to recommend strategy changes
• Collaborates with product and other control partners to ensure strategies are within risk appetite and meet control partner requirements; e.g., compliance, etc.
• Maintains monthly business review updates for senior management to explain performance and trends
Job Requirements
• Performs functions noted for Risk Manager
• Generally an expert at the enterprise or group business level.
• Acts as the primary regulatory interface on risk issues and requirements for a key business segment of the Bank and assesses and provides direction for existing and new regulations.
• Interfaces with teams beyond risk in a cross-functional manner.
• Represents business on corporate initiatives and identifies key risks and implications and provides direction in complex situations.
Must be eligible for employment under regulatory standards applicable to the position.
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 in and serve, and creating an environment where every employee has the opportunity to reach their potential.
If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.
EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.