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Added 4 days ago
T
Market Risk Associate - FX (5563)
TD
Toronto, ON
- Full-time
…trading, partnering closely with front office, product control, and risk analytics teams to ensure risks are well‑understood, consistently measured, and transparently communicated. The…
Added 5 days ago
T
Finance Manager-Corporate - Risk Management
TD
Toronto, ON
- Full-time
Problem solving and decision making: Diagnose and resolve complex cross-functional issues involving treasury and liquidity impacts, stress testing, data quality, data lineage, reporting…
Added 5 days ago
T
Modelling / Forecasting Senior Analyst (Quants)
TD
Toronto, ON
- Full-time
…deliverables - including RCM, RCSA, reporting, issue management, controls, policy and framework maintenance, model inventory and attestation, regulatory change, and DFAST and stress-testing…
Added 7 days ago
Manager, Balance Sheet Analysis - Canadian Banking Finance
Scotiabank
Toronto, ON
Assist in operational and production activities, including support, review and assessment of the reasonability of assumptions/commentary including balance sheet & profitability analysis,…
Added 8 days ago
T
Sr. Business Systems Analyst, TD Securities
TD
Toronto, ON
- Full-time
Support Credit Risk initiatives involving counterparty exposure, stress testing, model implementation, risk reporting, product onboarding, and market data or curve changes
Added 12 days ago
Senior Manager, Financial Accounting Advisory Services - FSO - Banking/Insurance/WAM
EY
Toronto, ON
Regulatory and Risk Reporting: Knowledge of regulatory frameworks impacting finance functions including OSFI, IFRS 9, IFRS 17, IFRS 18, Capital and liquidity reporting, Stress testing and…
Added 12 days ago
T
Market Risk Manager, Trading Market Risk Stress Testing & Scenario Design (5111)
TD
Toronto, ON
- Full-time
The Market Risk Manager will contribute to scenario design, stress testing methodology, regulatory and management reporting, and ad-hoc analysis of emerging risks. The role will partner…
Added 14 days ago
T
Senior Finance Analyst- Corporate Consolidations
TD
Toronto, ON
- Full-time
Use knowledge of business strategies, financial drivers, treasury / liquidity impacts, stress testing, and operating inputs to produce analysis, dashboards, reporting views, and…
Added 19 days ago
B
Intraday Liquidity Analyst
BMO
Toronto, ON · FCP
- Full-time
The role provides exposure across intraday liquidity monitoring, forecasting, stress testing, risk analytics, reporting, controls, and business engagement. You will work closely with more…
Added 25 days ago
FI
Staff Product Designer, UI/UX
Fulfillment IQ
Toronto, ON
- Full-time
Workbench turns warehouse design into a structured optimization and simulation problem: users make tightly coupled trade-offs across layout, labour planning, automation selection, capacity…
Added 23 days ago
T
Actuarial Analyst III - Capital
TD
Toronto, ON · Montreal, QC
- Full-time
Support the execution of TDBG stress testing program: Enterprise-Wide Stress Testing ("EWST") and Macro Stress Testing ("MST") by testing the capital/profit impact on TDI-GI under…
Added 22 days ago
T
Actuarial Analyst III - Capital
TD
Montreal, QC
- Full-time
Support the execution of TDBG stress testing program: Enterprise-Wide Stress Testing ("EWST") and Macro Stress Testing ("MST") by testing the capital/profit impact on TDI-GI under…
Added 29 days ago
B
Leader - AI Compliance, Audit & Risk
BMO
Toronto, ON · FCP
- Full-time
Lead ARC’s risk and compliance programs including supporting data & analytics risk framework development, enterprise standard & policy development, KRI development and reporting, and…
Added 1 month ago
R
Senior Product Manager, Growth
Relay
Remote, Canada
- $162,000 to $198,000 CAD / year
- Full-time
- Remote
Relay is a digital banking platform that gives self-made business owners the tools and know-how to be great with money - bringing clarity, confidence, and control to every dollar earned, so…
Added 1 month ago
D
Actuarial Manager, Property & Casualty, Actuarial Insurance Solutions
Deloitte
Toronto, ON
- Full-time
Leverage AI / machine learning and generative AI based tools and approaches to enhance actuarial analysis, documentation, controls testing, and insight generation, in line with responsible…
Added 1 month ago
Manager, FP&A
ONEX
Toronto, ON
Conduct scenario analysis and stress testing of budgets and forecasts under varying market, fundraising and deployment conditions, highlighting sensitivities and downside risks to senior…
Added 1 month ago
TG
Senior Risk Specialist, ERM (Operational Resilience)
TMX Group
Toronto, ON
- Full-time
Stress Testing: Spearhead scenario development and severe-but-plausible stress testing to ensure the organization remains within impact tolerances during disruptions.
Added 1 month ago
C
Enterprise Risk Management, Technology Strategy Director
Citi
Mississauga, ON
- Full-time
The Director, ERM Technology Strategy, is responsible for defining and driving the long-term strategy for technology enablement within the Enterprise Risk Management (ERM). This role…
Added 1 month ago
B
Senior Manager, Model Validation
BMO
Toronto, ON · FCP
- Full-time
Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and…
Added 1 month ago
B
FRTB Technical Business Analyst, Market Risk
BMO
Toronto, ON · YNG
- Full-time
Applies mathematical and statistical methods to financial and risk management problems (e.g. internal controls; enterprise-wide stress testing and scenario analysis; capital modelling;…
Added 2 months ago
R
Compliance Strategist
Relay
Toronto, ON
- Full-time
Relay is a digital banking platform that gives self-made business owners the tools and know-how to be great with money - bringing clarity, confidence, and control to every dollar earned, so…
Added 1 month ago
Manager, Forecasting Models - Retail & Small Business (Contract until April 2027)
Scotiabank
Toronto, ON
As Manager, IFRS 9 Modelling, Enterprise Stress Testing, you will contribute to the overall success of IFRS 9 credit risk modelling, analytics, and reporting for Canadian retail and / or…
Added 2 months ago
R
Compliance Strategist
Relay
Remote, Canada
- Full-time
- Remote
Relay is a digital banking platform that gives self-made business owners the tools and know-how to be great with money - bringing clarity, confidence, and control to every dollar earned, so…
Added 26 days ago
P
Credit Tech senior Manager
PwC
Toronto, ON
- Full-time
Advise on the full credit risk model lifecycle, including PD, LGD, EAD, provisioning and ECL, stress testing, and scoring and decisioning models
Added 20 days ago
FI
Staff Product Designer, UI/UX
Fulfillment IQ
Remote, Canada
- Full-time
- Remote
Workbench turns warehouse design into a structured optimization and simulation problem: users make tightly coupled trade-offs across layout, labour planning, automation selection, capacity…

Market Risk Associate - FX (5563)

Toronto, ON, Canada

$81,600 - $115,200 CAD · Full-time

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Job details

Pay: $81,600 - $115,200 CAD
Job type: Full-time
Apply by: Oct 16, 2026
Experience: Minimum of 2+ years of relevant experience.
Posting language: English
Posted: Oct 2, 2026

Original job description

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Risk Management

Pay Details:

$81,600 - $115,200 CAD

TD 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 Overview

Market 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 environment, combining risk sensitivities, VaR, stress testing, and scenario analysis with deep product knowledge to support decision‑making across the firm’s global trading platforms

Position Overview

We are seeking an experienced and highly skilled Market Risk Associate to join our dynamic Market Risk Management team. The successful candidate will play a pivotal role in assessing, analyzing, and managing market risks in FX asset class. This individual will provide critical insights to senior management, helping shape strategic decisions and ensuring the firm is well-positioned to manage market volatility and financial risks effectively.

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 Level 9 individual contributor role applies specialized market risk knowledge with minimal management guidance, independently delivers assigned work end to end, and identifies issues and recommends resolutions within the FX area of specialty.

Key Responsibilities:

Market Risk Assessment

Provide deep desk and asset class oversight for the Global Foreign Exchange businesses, including FX Options and Short-Term Interest Rate Trading.
Review daily risk exposures and P&L, identify key drivers, and assess whether risks are accurately measured, understood, and within approved risk appetite.
Define, monitor, and enforce desk and asset class limits, and provide informed guidance to traders using FX product and market expertise.
Design, execute, and analyze stress tests and scenario analyses to assess portfolio vulnerabilities and emerging risks.
Evaluate new-product assessments and other change-related activities, and represent Market Risk’s independent view.
Perform analysis and make recommendations on large and/or complex trades.
Escalate limit breaches, notable P&L or valuation issues, and emerging risks through established review and approval processes.
Monitor market trends, emerging issues, and evolving regulatory requirements, and assess their potential impact on the GFX portfolio.

Risk Reporting & Analysis

Develop, produce, and maintain comprehensive market risk reporting and analysis, ensuring data accuracy, completeness, and relevance.
Validate that daily market risk sensitivities, VaR, Stressed VaR, stress testing, and backtesting exposures are captured, aggregated, and reported in accordance with applicable policies.
Analyze day-over-day changes in risk measures and P&L, and provide clear commentary and recommendations for Risk Management and senior management audiences.
Identify data quality, methodology, model, and system issues; assess their impact on risk and valuation results; and contribute to timely resolution.
Maintain strong knowledge of FX trading strategies, products, valuation concepts, and the analytical principles underlying derivative pricing and risk management.

Collaboration & Strategy

Partner closely with traders and control functions, including Product Control, Finance, Technology, project delivery, and other Risk teams, to support effective risk oversight.
Provide independent challenge and advice on risk drivers, trading strategies, control effectiveness, limit usage, and risk mitigation actions.
Actively manage stakeholder relationships and communicate issues, recommendations, and project progress in a timely manner.
Contribute as a subject matter expert to cross-functional initiatives, business requirements, infrastructure changes, and implementation of policy, regulatory, model, or system changes.
Actively share knowledge and contribute to the development of team capabilities through coaching, guidance, and knowledge transfer.

Regulatory Compliance

Ensure market risk practices and procedures comply with relevant regulatory requirements, internal policies, limits, and governance standards.
Support established risk escalation, review, approval, and governance processes, while promoting a strong culture of risk management and control.

Continuous Improvement

Proactively identify and implement improvements to risk processes, reporting, analytical tools, and controls to enhance efficiency and effectiveness.
Create or enhance tools using Python and/or other programming languages to improve daily risk analysis and production processes.
Independently perform assigned activities end to end within broad guidelines, exercising judgment based on multiple sources of information.
Identify moderately complex problems, recommend practical resolutions, and support remediation of risk, control, governance, or performance issues.

Qualifications

Education: Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related field. A Master’s degree or professional certifications (e.g., FRM, CFA) is preferred.

Experience:

Minimum of 2+ years of relevant experience. Market risk and FX experience are preferred.
Strong experience in risk analytics, portfolio management, and financial modeling.
Proven track record of working with financial instruments and derivatives.

Skills:

Expertise in quantitative analysis, derivative products (FX Swaps, FX Forwards, FX Options, Cross Currency Swaps etc.) financial modeling, and advanced Excel skills.
Strong understanding of risk metrics, such as VaR, stress testing, and scenario analysis.
Proficiency in risk management tools, coding and software is nice to have (e.g., Python, Bloomberg, Tableau, Microsoft Excel, etc.).
Familiarity with financial regulations, including Basel III and Dodd-Frank.
Excellent communication (both written and spoken) and presentation skills, with the ability to translate complex technical information for various stakeholders.

Personal Attributes:

Strong analytical thinking and problem-solving abilities.
Attention to detail and ability to work under pressure in a fast-paced environment.
Ability to collaborate with cross-functional teams and influence decision-making.
Ability to demonstrate accountability, independence and taking initiatives

Why Join Us

Opportunity to work in a collaborative and high-impact environment.
Exposure to a wide range of financial products and market dynamics.
Competitive compensation and benefits package.
Professional development opportunities in risk management and financial markets.

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

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.

Colleague Development

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.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Sans Objet

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More about this job

Responsibilities

The Market Risk Associate will provide independent oversight of trading market risk for Global Foreign Exchange businesses, including FX options and short-term interest rate trading. They will define and monitor risk limits, execute stress tests, and provide critical insights to senior management to support strategic decision-making.

Requirements

Candidates must hold a bachelor's degree in Finance, Economics, Mathematics, or Engineering, with a minimum of 2 years of relevant experience. Proficiency in quantitative analysis, financial modeling, and risk metrics such as VaR and stress testing is required.

Skills

Market risk
FX options
Short term interest rate trading
Quantitative analysis
Financial modeling
VaR
Stress testing
Scenario analysis
Python
Bloomberg
Tableau
Microsoft Excel
Derivative pricing
Risk management
Regulatory compliance

Benefits

Health and well-being benefits
Savings and retirement programs
Paid time off
Banking benefits and discounts
Career development
Reward and recognition programs

Visa sponsorship

Not detected in the job text

Keywords

Market Risk
FX
Foreign Exchange
Trading
Risk Management
VaR
Stressed VaR
Stress Testing
Scenario Analysis
Derivatives
FX Options
Short Term Interest Rate
Python
Bloomberg
Tableau
Financial Modeling
Quantitative Analysis
Basel III
Dodd-Frank
Risk Oversight
P&L
Regulatory Requirements
Data Analysis
Portfolio Management
Cross Currency Swaps
FX Swaps
FX Forwards
Risk Appetite
Financial Instruments
Backtesting

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