Asset Liability Management Associate
TD Bank
Montréal, QC
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Department Overview TD Asset Management (TDAM), a member of TD Bank Financial Group, is a leading North American investment manager offering progressive investment solutions to both institutional and individual investors. For over two decades, the organization has established competitive market positions in active, quantitative and passive portfolio management. As of December 31, 2018, TDAM and its affiliates manage over $366 billion in assets on behalf of pension, insurance, endowment/foundation and corporate clients, as well as high-net worth clients and retail mutual funds. A cornerstone of TDAM’s success has been the ability to partner with its clients to develop customized solutions that meet their evolving needs and objectives.

TDAM has a long history of developing customized Asset Liability Management (ALM) or Liability Driven Investing (LDI) solutions for our clients. For portfolios with defined liabilities and obligations such as defined benefit pension plans, insurance companies, foundations and endowments there are critical risks and objectives to be managed. We firmly believe that there is no standard ALM portfolio. In every case, the unique needs of the mandate, the sponsors and beneficiaries will ultimately determine the solution.

In developing ALM solutions, TDAM blends knowledge of investment management and actuarial science with robust proprietary portfolio analytics programs to align assets and liabilities in a holistic, disciplined and flexible portfolio construction process. The goal is to deliver on client objectives.

Time Type Full Time
Employment Type Regular
Hours 37.5
Business Line Corporate
Job Family TD Asset Management
Job Category - Primary Asset Management
Job Category(s) Asset Management
Wealth Management
Job Description TDAM is presently looking to add an Associate, Asset Liability Management.

Primary support for the portfolio managers responsible for insurance mandates; secondary backup support for the portfolio managers responsible for passive mandates
Perform research & development around strategies and structures for liability focused clients
The ALM associate will also have accountabilities for designing and communicating structured solutions in a well thought out manner

Key Responsibilities:
Assist in the rebalancing of ALM mandates ensuring compliance with investment policies and management agreements
Support idea generation for portfolio construction, security analysis, relative value, “what-if” scenario analysis and explain performance tracking and attribution
Establish and maintain excellent working relationships with all members of the Asset Management team, including, but not limited to, Portfolio Managers, Analysts, Relationship Managers, Client Portfolio Managers, Client Servicing Representatives, and Risk Management

Job Requirements Candidate Profile/Core Competencies:
Degree in actuarial science, financial engineering, financial mathematics or related field
Associate of Society of Actuaries (ASA), CFA or FRM designation an asset
Minimum of 3-5 years' experience in asset management, insurance/pension/bank ALM, risk management or financial modelling
Superior written and oral presentation skills; ability to present and articulate complex concepts simply
Attention to detail is a fundamental requirement
Excellent team player, yet high level of self-motivation, ownership and initiative
Prior experience and strong interest in building and using financial models and tools to support investment decision making
Good understanding of considerations related to designing and managing assets in an asset / liability framework
Familiar with current financial market technology platforms, an asset
Strong knowledge of Microsoft Excel and VBA or other languages
Bilingual, French-English, would be an asset


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 and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.

**Province/State (Primary) Ontario
City (Primary) Toronto
ProvState 2 Quebec
City(s) 2 Montreal