Finance Manager

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

Hours: 40

Line of Business: TD Securities

Pay Detail: $130,000 - $170,000 USD

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:

The Finance Manager will support TDS Tech Finance US portfolios, with a focus on financial planning, forecasting, reporting, and cost management. This newly created role will provide analysis on vendor, personnel, and technology costs, support cost savings initiatives, and deliver insights to senior leadership to drive profitability, efficiency, and long-term regional growth.

Key Responsibilities

Strategic:

• Support TDS Tech US performance targets and is responsible for partnering on financial planning and forecast, monthly and quarterly reporting of expenses and FTE

• Provide analytics to drive segment discussions including TDS Tech TSLT presentation materials as well as external/public storytelling of the Segment

• Monthly Board Reporting for the TDS Tech US Region relating to details on expense analytics and commentary

• Coordination with partners to ensure proper analysis, challenge, and oversight of TDS Tech regional reporting

• Business advisory and ad hoc support

• Proactively identify cost opportunities, analyze data on material components of spending and provide constructive options to find efficiencies and savings enabling business decisions and management actions

• Telling the financial cost story, linking the strategic priorities and accomplishments of the group while providing value-added advice to gain financial efficiencies while optimizing group effectiveness

Planning, Analysis and Insights:

Performance measurement, reporting, and metrics to improve transparency and establish cost management strategies (targets). Clear, effective, and timely reporting.

• Provide input into the budgeting and forecasting process to ensure cost assumptions are accurate and realistic

• Monitor actual vs forecasted costs and flag variances

• Function as the cost management expert and lead on Finance change projects to improve systems, processes and outputs that relate to cost management

• Manage the Performance Measurements, and Insights organization (people, expenses, other stakeholders including internal and external partners (e.g., regulators, auditors)

• Analyze financial data and prepare reports on cost variances, identifying areas for improvement and recommending corrective actions.

• Provide training and support to staff on cost control procedures and best practices.

• Monitor and report on market trends and pricing strategies to help guide decisions.

• Collaborate with cross-functional teams to achieve targets while managing costs effectively.

Required Skills and Experience

• Undergraduate degree

• Business or accounting designation preferred or in progress (MBA, CPA).

• 6+ years of finance experience at a global institution

• Excellent interpersonal, organizational, and leadership skills.

• Client service skills - the candidate must demonstrate the judgment and ability to closely partner with and advise senior and line managers and other stakeholders on cost management

• Strong analytical skills, attention to detail, solid judgment, and the ability to evaluate complex regulatory business issues

• Ability to thrive in a fast-paced, deadline-driven environment, including by demonstrating excellent time management and planning skills, along with the ability to handle multiple assignments at the same time.

• Ability to interact effectively with all levels of the organization and to collaborate with various teams.

• A relationship builder with the ability to establish, develop and maintain effective working relationships with regulators and with business and functional partners at the firm.

• Proficient in MS Office and the use of AI applications, Power BI and Power Query to drive automation of financial processes

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The VP, Specialized Finance Manager, TDS provides seasoned specialized knowledge, advice and/or guidance to various stakeholders and team members in a specialized finance function or discipline.

Depth & Scope:

• Highly seasoned expert professional role requiring substantial knowledge / expertise in a complex field and knowledge of broader related areas

• Integrates knowledge of the enterprise sub-function’s or business line’s overarching strategy in developing solutions across multiple functions or operations

• Accountable for own work and sometimes others; acts as an escalation point or knowledge resource for others in their own area

• Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services

• Acts as a technical expert / lead integrating cross-function understanding within their own field of specialty; may manage team(s) of related specialists

• Leads cross-functional teams or projects with significant resource requirements, risk and / or complexity

• Independently manages end-to-end finance programs

• Solves or may lead others to solve complex problems; leads efforts or partners with others to develop new solutions

• Uses sophisticated analytical thought and technical knowledge to exercise judgement and identify solutions

• Impacts the achievement of sub-function or business line objectives within the area they are accountable for

• Communicates difficult concepts; converts information to compelling business context and advice; influences and gains alignment across increasingly senior stakeholders

• Works autonomously as the lead and guides others within area of expertise

Education & Experience:

• Undergraduate degree and/or

• 7+ years of relevant experience preferred

• Accounting, financial or relevant professional designation preferred

Customer Accountabilities:

• Focuses on comprehensive reviews, specialized analysis, audits and/or initiatives and a variety of complex projects and initiatives requiring seasoned specialist knowledge and/or the integration of cross functional processes within own area of expertise

• Facilitates integration of several key functional areas and/or business lines in dealing and solving highly complex financial management/ specialized accounting / taxation / audit / regulatory reporting and operational issues

• Acts as the primary interface with Finance partners /leaders and external parties

• Acts as key contact and expert within area of expertise for the development, design and delivery of effective accounting/ taxation processes, policies, programs and advice

• Maintains awareness of changing legal/regulatory requirements and practices within the industry and consults with policy/process owners within Accounting/ Taxation to ensure compliance

• Engages, manages and influences internal/external cross-functional partners to develop/deliver integrated solutions

• Accountable for the development and delivery of broad enterprise wide accounting/ taxation policies and initiatives, which may have significant regulatory components

• Creates business cases and innovative recommendations

• Executes on diverse and complex policies, implements and develops activities and tools for businesses. Supports financial strategy and management activities

Shareholder Accountabilities:

• Adheres to enterprise frameworks or methodologies that relate to activities for our business area

• Ensures respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities

• Consistently exercisse discretion in managing correspondence, information and all matters of confidentiality; escalates issues where appropriate

• Ensures business operations are in compliance with applicable internal and external requirements ( e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)

• Participates in cross-functional / enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations

• Conducts internal and external research projects; supports the development/ delivery of presentations / communications to management or broader audience

• Conducts meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices

• Monitors service, productivity and assesses efficiency levels within own function and implements continuous process / performance improvements where opportunities exist

• Leads / facilitates and/or implements actions / remediation plans to address performance / risk /governance issues

• Actively manages relationships within and across various business lines, corporate and/or control functions and ensures alignment with enterprise and/or regulatory requirements

• Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts

• Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite

Employee/Team Accountabilities:

• Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues/ points of interest

• Provides thought leadership and/ or industry knowledge for own area of expertise in own area and participates in knowledge transfer within the team and business unit

• Keeps current on emerging trends/ developments and grow knowledge of the business, related tools and techniques

• Participates in personal performance management and development activities, including cross training within own team

• Keesp others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities

• Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.

• Leads, motivates and develops relationships with internal and external business partners / stakeholders to develop productive working relationships.

• Contributes to a fair, positive and equitable environment that supports a diverse workforce

• Acts as a brand ambassador for your business area/function and the bank, both internally and/or externally

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel – Occasional

• International Travel – Never

• Performing sedentary work – Continuous

• Performing multiple tasks – Continuous

• Operating standard office equipment - Continuous

• Responding quickly to sounds – Occasional

• Sitting – Continuous

• Standing – Occasional

• Walking – Occasional

• Moving safely in confined spaces – Occasional

• Lifting/Carrying (under 25 lbs.) – Occasional

• Lifting/Carrying (over 25 lbs.) – Never

• Squatting – Occasional

• Bending – Occasional

• Kneeling – Never

• Crawling – Never

• Climbing – Never

• Reaching overhead – Never

• Reaching forward – Occasional

• Pushing – Never

• Pulling – Never

• Twisting – Never

• Concentrating for long periods of time – Continuous

• Applying common sense to deal with problems involving standardized situations – Continuous

• Reading, writing and comprehending instructions – Continuous

• Adding, subtracting, multiplying and dividing – Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank.

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 base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as 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 and recognition. 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.

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

TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

If you are an applicant with a disability and need accommodations to complete the application process, please email 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 applicant process.