Toronto, Ontario, CanadaTD General
$65,600 - $98,400 CAD
Job Description:
TD Asset Management Inc. (TDAM) is one of Canada’s largest investment management firms offering an ever-expanding suite of investment management solutions.
TDAM’s flexible suite of investment management solutions has been specially designed to meet the needs of institutional investors including pension funds, corporations, endowments, foundations as well as accounts for high net worth and retail investors.
In addition to domestic and global equity, fixed income and alternative products, we also offer cash management, transition management, portable alpha strategies, asset mix rebalancing services and passive currency overlay strategies.
Overview of Responsibilities
TDAM manages portfolios for Canadian and U.S. clients, both retail investors and institutional clients. As such, the team requires its employees to have a solid knowledge base in both Canadian and U.S. investment management regulations 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 andoversight.
Specific Accountabilities as it related to Portfolio Oversight
- Maintain an effective operation of the compliance monitoring systems by developing a solid understanding of the workings of the various internal tools and systems, including Bloomberg AIM,
- Utilize Bloomberg AIM to monitor compliance rules, test for violations and analyze results.
- Oversee the implementation and maintenance of compliance rules
- Gain deep 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).
- 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 will be expected to be current on all US and Canadian investment management regulations, including the
Ontario Securities Act
- Liaise with other internal teams, including Regulatory Policy and Governance (RPG), Product, Portfolio Management, Compliance and Legal to ensure new products are consistent with the regulations and TDAM's Monitoring Principals.
- Play an education role for TDAM, being the source of expertise in Canadian and U.S. regulatory knowledge as it relates tomonitoring.
Job Requirements/ Skills/ Qualifications
- Ideally, 2+ years' experience in a similar or pre-post trade compliance related role within a buy-side firm
- Solid understanding of investment strategies, asset types (Equities, Fixed Income and derivatives)
- Proficiency with Bloomberg CMGR and VMGR functions or similar compliance monitoring and rule-coding systems is preferred. Experience in alternative compliance systems is an asset.
- Ability to analyze, interpret and implement both client and regulatory driven investment restrictions to ensure alignment with applicable regulatory rules and to the Firm's monitoring and portfolio oversight framework.
- Strong communication skills and presence with the ability to speak with impact, influence outcomes; simplify complex topics into actionable recommendations for decision-making
- Strong problem-solving skills and the ability to confront conflict and difficult issues in a professional, assertive and proactive manner
- Demonstrated ability to work effectively and cross-functionally with employees at all levels and develop effective working relationships
- Highly motivated self-starter with the ability to meet or exceed deadlines, prioritize, multi-task, and maintain flexibility in fast-paced, changing environment
- Programming and database management experience will be considered an asset.
** Position will be filled as an Analyst or Associate depending on experience level**
**4 days required in the office**
Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.
Sans Objet