Modelling / Forecasting Senior Analyst (Quants) (3617)
Modelling / Forecasting Senior Analyst (Quants) (3617)
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Job Description
Work Location:
Toronto Ontario CanadaHours:
37.5Line of Business:
Analytics Insights & Artificial IntelligencePay Details:
$76800 - $115200 CADThis 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 candidates 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 Description:
TD Model Validation (MV) group is responsible for the independent validation and approval of analytical models used for risk pricing hedging and capital evaluation for portfolio of financial products. This also includes validation of decision-making models such as credit approval and behavioral scoring models.
Job Description:
The successful candidate will be a member of the Non-Retail MV group covering both quantitative and qualitative models (i.e. Stress testing and Allowance). The position reports to the Senior Manager Non-Retail Model Validation group within MV.
Detailed accountability includes:
- Validate non-retail credit risk models including but not limited to Stress testing (i.e. DFAST and EWST) and allowance Models (i.e. IFRS 9 and CECL) for the non-retail portfolios
- Design and implement validation methodologies and standards. Ensure that the validation methodologies and standards are in line with industry best practice or address regulatory and audit requirements and/or findings in a timely manner.
- Evaluate the conceptual soundness of the model methodology (i.e. Linear Regression Logistics Regression XGBoost etc.) including the reasonableness of assumptions reliability of inputs and overall model specification and performance using statistical tests and business insights.
- Design implement and maintain automation engines in Python utilizing key libraries (i.e. Pandas Scipy Statsmodels Matplotlib etc.) for data processing analysis and modelling.
- Assess the suitability and comprehensiveness of performance metrics and risk measures to ensure the models effective and reliable use.
- Evaluate and implement external models used for benchmarking internal model performance. Participate in model selection and related due diligence activity.
- Maintain/develop professional knowledge of techniques and developments in the field of quantitative analysis and share knowledge with business partners and senior management.
The position involves working effectively with different internal partners suchas the Model Development (MD) Group Internal Audit etc.
Job Requirements :
- Robust quantitative skills with an advanced degree in one or more of the following areas: Financial Engineering Mathematics Statistics Economics Data Science Computer Science Physics & Engineering
- Proficient in Python programming with strong skills in data cleaning/processing and debugging skills to identify analyze and resolve bugs efficiently.
- Additional programming experience in at least one of the following: R MATLAB SAS is an asset
- Familiarity with various statistical modelling techniques and ability to design/implement statistical tests
- Exposure or experience in credit risk modelling for C&I/CRE portfolios allowance models and stress testing is desirable
- Understanding of stress testing and allowance model concepts and ability provide effective challenge is an asset
- Inquisitive nature ability to ask the right questions and escalate issues. Risk & Control mindset
- Good time management and multitasking skills with minimal supervision
- Excellent ability to write comprehensive technical documents is required
- Excellent verbal and written communication skills.
- Experience in model development or validation is desirable
Who We Are:
TD is one of the worlds 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 95000 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 youve 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 were 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:
Were delighted that youre considering building a career with TD. Through regular development conversations training programs and a competitive benefits plan were 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 youre interested in a specific career path or are looking to build certain skills we want to help you succeed. Youll 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 were committed to helping you identify opportunities that support your goals.
Training & Onboarding
We will provide training and onboarding sessions to ensure that youve got everything you need to succeed in your new role.
Interview Process
Well 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 youd 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 ObjetRequired Experience:
Senior IC
Employment Type
Full-Time
