Modelling / Forecasting Senior Analyst (Quants) (2924)

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Analytics, Insights, & Artificial Intelligence

Pay Details:

$76,800 - $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:

Job Description

Key responsibilities:

•    Enhance and develop non-retail stress testing models with mathematical and statistical methodologies, for internal Enterprise Wide Stress Testing (EWST) and external program such as OSFI Macroeconomic Stress Testing (MST).

•    Work with other stakeholders and implement models with required outputs to support stakeholders or regulator requirement.

•    Collaborate with IFRS 9 modeling team to incorporate stress ECL forecast under IFRS 9 framework in stress testing programs. Improve existing approach and develop new model components as needed.

•    Perform testing and analysis for stress testing and IFRS 9 models and develop related analysis tools.
•    Produce and maintain well-articulated documentation on the above.
•    Ensure compliance with the TD's Model Risk Policy & relevant Data Governance requirements.
•    Monitor risk profile changes, identify key drivers and write reports for management review.
•    Maintain and contribute to the enhancement of the current models. Develop credit risk models for new business lines as required.
•    Work closely with model vetting/management, Credit Risk Management, Finance, TBSM, other risk functions, internal and external auditors, regulators for risk model reviews and other requests.

Department Overview

The Model Development (MD) group is part of the Market Risk and Model Development group within Risk Management at TD Bank.  It is responsible for methodology development related to market risk, credit risk and operational risk in both retail and non-retail (Wholesale and Commercial) business in Canada and USA.  These methodologies cover the areas of Basel III credit parameters (PD, LGD, UGD), regulatory & economic capital for AIRB credit risk, IFRS 9 ECL, Value at Risk (VaR), Counterparty Credit and Risk Ratings. MD is responsible for developing mathematical methodologies, building software prototypes, and working closely with other functions throughout the bank to implement system solutions.

The individual will be responsible for developing and maintaining TD's stress testing methodology for Non-Retail lending portfolio. This position provides excellent learning, working and career opportunities in a highly professional and motivated team environment, and exposure to high-paced and impactful modeling projects and to a wide variety of internal and external stakeholders.

Job Requirements

Job Requirements:

•    Graduate degree in quantitative discipline preferred (Mathematics, Statistics, Econometrics, Physics, etc.) 
•    Proficiency in at least one of the following programming languages - Python, MATLAB, SAS and R. Ability to read and write C++ code is an asset
•    Excellent written and verbal communication skills to ensure effective communication with stakeholders across a wide variety of functions is required
•    2+ years of relevant working experience in quantitative modeling. Experience in financial services building Stress Testing, IFRS 9, ARIB or similar models is preferred. 
•    In-depth knowledge of lending portfolios and credit risk modeling including credit risk parameters estimation (PD, LGD, EAD), stress testing methodologies, BASEI III Capital framework, CreditMetrics framework and Moody’s Analytics|KMV Risk Frontier preferred
•    Strong data analysis and problem-solving skills
•    Flexibility to adapt to rapidly changing requirements
•    Be able to engage directly with senior executive stakeholders and technology vendors
•    Profession certifications (e.g., CFA, FRM) are a plus

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 deliver legendary customer experiences to 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 the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

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. 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.
 

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