Associate, Financial Resource Management (FRM) – xVA Structuring and Optimization

Work Location: New York, New York, United States of America

Hours: 40 per week | Line of Business: TD Securities | Pay: $150,000 - $200,000 USD

About the Role

The Financial Resource Management (FRM) team optimizes the firm's financial resources across its derivatives businesses, including capital and counterparty risk. As part of the xVA Desk, the team partners closely with Sales, Trading, Structuring, Quantitative Analytics, Risk Management, Treasury, and Technology to ensure derivative pricing reflects the economic cost of the bank's resources while supporting client activity and business growth.

The Associate role provides broad exposure across all asset classes and offers a unique opportunity to contribute to derivative pricing, structuring, resource optimization, and strategic initiatives influencing the firm's derivatives business. The successful candidate will work with senior members of the desk to develop solutions optimizing capital, funding, liquidity, and counterparty credit resources while enhancing the bank's xVA framework and pricing capabilities.

Responsibilities

• Support the pricing and structuring of derivative transactions across all major asset classes, ensuring accurate incorporation of xVA and financial resource costs.
• Contribute to the development and enhancement of the bank's xVA framework, methodologies, and analytics across rates, FX, credit, commodities, and equities businesses.
• Analyze the impact of capital, funding, liquidity, balance sheet, and counterparty credit constraints on derivative transactions and client portfolios.
• Assist in identifying optimization opportunities that improve the efficient use of the bank's financial resources while supporting business objectives.
• Partner with Sales and Trading teams to evaluate transaction economics and develop resource-efficient client solutions.
• Develop strong relationships across Front Office businesses and become a trusted partner to traders, salespeople, structurers, quants, and risk managers.
• Collaborate with Quantitative Analytics, Technology, Risk, Treasury, and Product Control teams on strategic initiatives and model enhancements.
• Support the development of analytical tools and reporting infrastructure used to measure and manage xVA-related impacts.
• Gather, research, and analyze market information to provide in-depth reports and expert recommendations.
• Identify issues affecting clients and provide recommendations to remedy them.
• Develop deep client relationships and present new ideas to clients.
• Execute trades and secure deals with new clients while keeping market-making traders informed of relevant issues.
• Obtain market prices from market-making traders and execute trades, ensuring all trades are confirmed with the broker/dealer.
• Input trades post-execution and verify transactions meet company policies and approved guidelines.
• Research and resolve trade discrepancies, confirm trade blotters against trades booked in systems.
• Coordinate with the back office on failed trade status, position breaks, and trade reconciliation discrepancies.
• Assist traders in the mark-to-market process and look for ways to improve workflow efficiencies.
• Read and understand the Trading Supervision Standard, demonstrating governance, control, and risk management behaviors in alignment with TD policies and practices.

Requirements

• Bachelor's degree or specialized training/equivalent work experience.
• 3+ years of related experience.
• Ability to work independently with minimal supervision, establish priorities, and possess strong communication, analytical, and problem-solving skills.
• Management experience and solid computer skills.

Preferred Qualifications

• Undergraduate or graduate degree in Finance, Mathematics, Physics, Engineering, Computer Science, Economics, or a related quantitative discipline.
• Strong analytical and quantitative problem-solving skills.
• Excellent written and verbal communication skills.
• Exceptional attention to detail and commitment to accuracy.
• Demonstrated intellectual curiosity and a desire to understand how derivatives businesses operate across asset classes.
• Ability to manage multiple priorities and work effectively in a fast-paced environment.
• Strong interpersonal skills and ability to build relationships across diverse stakeholder groups.
• Proficiency in Excel and data analysis tools; programming experience in Python or similar languages.
• Knowledge of derivatives products and financial markets.
• Understanding of valuation adjustments, counterparty risk, capital, funding, liquidity, or quantitative finance concepts.
• Experience with quantitative modeling, analytics, or financial resource optimization.

Physical Requirements

• Domestic Travel: Occasional (1-33%)
• International Travel: Never (0%)
• Performing sedentary work: Continuous (67-100%)
• Performing multiple tasks: Continuous (67-100%)
• Operating standard office equipment: Continuous (67-100%)
• Responding quickly to sounds: Occasional (1-33%)
• Sitting: Continuous (67-100%)
• Standing: Occasional (1-33%)
• Walking: Occasional (1-33%)
• Moving safely in confined spaces: Occasional (1-33%)
• Lifting/Carrying (under 25 lbs.): Occasional (1-33%)
• Lifting/Carrying (over 25 lbs.): Never (0%)
• Squatting: Occasional (1-33%)
• Bending: Occasional (1-33%)
• Kneeling, Crawling, Climbing, Reaching overhead, Pushing, Pulling, Twisting: Never (0%)
• Reaching forward: Occasional (1-33%)
• Concentrating for long periods of time: Continuous (67-100%)
• Applying common sense to deal with problems involving standardized situations: Continuous (67-100%)
• Reading, writing, and comprehending instructions: Continuous (67-100%)
• Adding, subtracting, multiplying, and dividing: Continuous (67-100%)

Benefits

Our Total Rewards package reflects investments in colleagues to help them and their families achieve financial, physical, and mental well-being goals. It includes:

• Base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards).
• Health and well-being benefits.
• Savings and retirement programs.
• Paid time off (including Vacation PTO, Flex PTO, and Holiday PTO).
• Banking benefits and discounts.
• Career development and reward/recognition programs.

We provide training and onboarding sessions to ensure success in your new role. Regular career, development, and performance conversations, along with access to an online learning platform and mentoring programs, help unlock future opportunities.