Manager, Advanced Analytics (Quants)

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Analytics, Insights, & Artificial Intelligence

Pay Details:

$91,200 - $136,800 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

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

The Trading Risk Model Development group within Model Development is responsible for the development, maintenance and calibration of various Market and Counterparty Credit Risk models. We interact with various stakeholders in the bank, including Technology, Market Risk, Product Control, Model Validation (MV), and TD Securities (TDS) to achieve our mandate.

JOB DESCRIPTION

The Model Control Team within Trading Risk Model Development is responsible for model implementation testing, related change management, control function and quantitative support for TDS Valuation and Market Risk models.

This Manager, Advanced Analytics role will work within the Model Control team to help carry out model implementation testing, system release reviews, model governance support, and ad-hoc quantitative support for various business lines within TD Securities and Market Risk. Model implementation testing and system release review is a key control to ensure the models that are approved by Model Validation are implemented correctly in the TD production front-office and back-office risk management systems. The position will work closely with TDS Change Delivery team, Technology, Front Office Quant teams, Model Development teams, Model Validation (MV/MRM), Market Risk, Product Control, and related Line of Business Risk Management teams.

The role will involve the following:

• Create, maintain, and execute model implementation testing requirements and test strategies for pricing models used for TD Securities' trading portfolios (e.g. foreign exchange, commodities, interest rate, bonds, etc.), and integration with related input models (e.g. curves) and downstream market risk models (e.g. VaR, FRTB, Counterparty Credit Risk).

• Provide quantitative support to model user stakeholders (e.g. Market Risk, Product Control) during the end-to-end testing phases in UAT/Pre-Production system environments.
• Providing leadership to turn testing requirements into delivery test cases and test plan with analyses and recommendations that meet business objectives within a timely and cost-effective manner.
• Providing timely updates on project test execution and status, analyses and findings to senior management and various stakeholders.
• Identifying and escalating issues to the appropriate individual(s)/group(s) to ensure prompt attention/resolution.
• Extremely organized, great at building and maintaining stakeholder relationships.
• Staying energized, productive and focused in the face of challenges, ambiguity, change or strenuous demands.
• Build trust with stakeholder groups and maintain good working relationship with other departments.
• Part of an effective and diverse team to effectively deliver productivity, quality and innovation

QUALIFICATIONS / SKILLS / EXPERIENCES

• 3+ years of practical experience related to model development, model validation, or model implementation for pricing models, market risk, or counterparty credit risk for financial derivatives and other products in the bank's trading portfolios.
• Strong knowledge and understanding of financial derivatives and statistical modelling approaches for various asset classes (e.g. Rates, Credit, FX, Commodities, Equities, etc.).
• Experience in conducting User Acceptance Testing including designing test strategy, test plan, and detailed test cases.

• Strong working knowledge and hands-on experience using a common industry used programming language (e.g. VBA, Python, C++) in the context of data and statistical analysis.
• Ability to clearly communicate complex financial concepts and obtain clarifications as necessary when discussing requirements.
• Good inter-personal skills to build and maintain productive working relationships with various business partners across the Bank and on different levels of organization.
• Superior organizational skills - must be able to identify and track project dependencies & blockers, ensure proper resolution of outstanding items, document meeting minutes and takeaways in a clear and concise manner.
• Prior experience with delivering major regulatory programs and/or infrastructure implementations is an asset.
• Experience and comfort level acting as a subject matter expert and consultant, as well as contributor to potential project assessments
• Experience working with Atlassian tools (JIRA, Confluence, Bitbucket) is an asset
• Ability to work independently and coach or guide team members
• Excellent analytical, problem solving, organizational, and communication skills.

EDUCATION REQUIREMENTS

• University degree in Quantitative Finance, Mathematics, Statistics, Computer Science, Engineering or related field. Postgraduate degree would be an asset.
• Industry certification (e.g. CFA, CSC, FRM) is also considered an asset

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