Associate (Quantitative Risk Associates Program)

Role Type:

Masters and Advanced Degrees

Work Term:

Work Location:

Canada

Hours:

37.5

Pay Details:
We’re committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.

Job Description:

DEPARTMENT OVERVIEW

Risk Management at TD Bank Group (TD) is the bridge between computational analysis and business best practices. Quantitative assessments play a key function within TD; these are actively used for developing, validating and managing models for risk, pricing, hedging and capital evaluation of the various portfolios and financial products of TD. In other words, it's all about the numbers.

Our enterprise has seen strong growth in its quantitative departments over recent years, reflecting improvements to computational ability, data quality and volume, along with the banking industry's increasing attention to understanding and managing model risk. Our department is a global function that partners with all lines of businesses within TD, touching over 1,800 employees in offices across the globe: Canada, United States, the UK and Singapore. We also work externally with regulators and industry groups to align with industry standards, and we benchmark ourselves against best practices.

JOB DESCRIPTION

About the Program
Through executive mentorship, the Risk Management Quantitative Associate Rotational Program is an immersive 24-month program designed to provide qualified and ambitious candidates the opportunity to step into our world. You’ll receive comprehensive experience developing, validating, implementing and managing quantitative models throughout the enterprise. The goal of the program is to develop candidates with the necessary experience and tools to become effective leaders within Risk Management.

If you have a sharp mathematical mind with an eye for finance, we want you to be part of our leadership rotational program.

In this program you’ll rotate across various quantitative departments within Risk Management areas every six months:

• Model Development
• Model Validation
• Treasury and Balance Sheet Management
• TD Insurance
• TD Asset Management
• TD Economics
• Internal Audit

We align rotation opportunities with our business strategies to ensure you work on the most important priorities.

What You’ll Do
No matter where you work at TD you'll make a meaningful impact, grow your skills and thrive in our culture of care. Here's what that means for each rotation in our program:

Make an Impact:

• Build mathematical and statistical models for the North American profile of TD, both US and Canada. These models include credit risk (e.g., Probability of Default, Exposure at Default and Loss Given Default), operational risk and market risk models used for risk management, accounting, economic/regulatory capital and stress testing purposes
• Assist in the development and testing of new modelling methodologies and effectively challenge these models through benchmark modelling, model validation and/or review within Internal Audit's model risk division
• Prepare management summaries describing the mathematical analytics of models, validation techniques, test results and model limitations, including recommendations for further improvements
• Help to manage the areas of risk and solvency assessment (ORSA), expected credit losses, asset and liability management along with liquidity
• Participate in quantitative and qualitative validation efforts surrounding key processes including Internal Capital Adequacy Assessment Process (ICAAP), stress testing (DFAST/ EWST/MST) and regulatory capital

Experience Growth:

• Liaise with other business partners to ensure timely delivery of new models and resolve modelling issues
• Demonstrate governance, control and risk management in alignment with TD policies and practices
• Work on challenging projects alongside experienced leaders in the field

Cultivate our Culture of Care:

• Develop strong relationships to help identify collaborative opportunities and coordinating efforts with other Risk groups
• Be supported by a robust team of colleagues, peers and advisors to ensure your growth, development and success

Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed.  Receive 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.

JOB REQUIREMENTS

What You Need to Succeed
We’re proud to work with a group of diverse colleagues. If you have relevant experience that isn’t mentioned below, tell us about it in your resume or cover letter.

• Strong quantitative background with advanced mathematical and/or statistical ability
• Excellent problem-solving skills
• Computational and programming skills (e.g., R, Python, SAS, Matlab, C++, C, among others)
• Excellent verbal and written communication skills; can explain complex technical issues in everyday language
• Strong time management skills with the ability to work independently when required
• Fast learner who grasps new concepts and techniques quickly
• Desire to work in a caring, respectful and inclusive environment where all employees are supported 

ADDITIONAL INFORMATION

Educational Requirements

• Graduated between May 2023 and May 2025 with a graduate degree (Master’s or PhD) in a quantitative field such as mathematics, statistics, economics, finance, physics, engineering, or similar
• Candidates pursuing a graduate degree must have completed all requirements (courses, projects, exams, etc.) for the graduate degree prior to start (excluding convocation)

Program Location and Start Date
This is a Toronto-based program which starts in January 2025 or July 2025.
 
Applications must include:

• Transcript
• Cover letter (one letter-sized page or less). If you are pursuing a graduate degree, please include graduation month/date/year in your cover letter 
• Resume (two letter-sized pages only)
• Posting Close Date: October 23rd 2024

We welcome all applications; however, we will only contact qualified candidates chosen for an interview. We thank all applicants for their interest!

HOURS

Monday-Friday, standard business hours

INCLUSIVENESS

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.

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.

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