Senior Risk Analyst, Credit Risk Reporting & Allowance (3525)
Senior Risk Analyst, Credit Risk Reporting & Allowance (3525)
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Job Description
Work Location:
Toronto Ontario CanadaHours:
37.5Line of Business:
Risk ManagementPay Details:
$76800 - $115200 CADTD 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 Overview:
Credit Risk Reporting & Allowance coordinates and produces a wide array of analysis reporting and insights largely associated with the Banks credit portfolios executes on the allowance methodology for the Canadian non-retail portfolios and manages the allowance governance process. The groups mandate supports a broad array of stakeholders including the Risk Management Leadership Team and their respective groups Finance Investor Relations the Businesses our regulators and at times the SET and the Board.
Job Overview:
Reporting to the Senior Manager Allowance for Credit Losses the Senior Risk Analyst will be responsible for the forecasting reporting and analysis of the allowance and provision for credit losses (ACL and PCL) for the Canadian non-retail portfolios. This role requires a strong understanding of the expected credit losses framework under IFRS 9 and internal control frameworks. This role is well-suited for a mature critical thinker with exceptional attention to detail and commitment to quality.
Job Description:
- Perform quarterly ACL execution in accordance with IFRS 9 for the Canadian non-retail portfolios.
- Ensure accuracy and integrity of ACL/PCL reporting through rigorous review reconciliations and validation procedures.
- Prepare and analyze management and regulatory reports related to ACL/PCL.
- Interpret and clearly communicate trends drivers and variances in the allowance results providing actionable insights.
- Support and enhance internal controls governance and audit readiness activities to ensure compliance with internal policies audit and regulatory expectations.
- Identify opportunities to simplify and improve processes to enhance efficiency and reduce operational risk.
- Demonstrate strong working knowledge of IFRS 9 methodologies assumptions and model outputs to support execution and analysis.
- Collaborate effectively with cross-functional teams including Finance Credit Risk Data Management and Model Development to support end-to-end ACL processes.
- Contribute to internal and external audit and regulatory reviews providing supporting documentation and responding to inquiries.
Requirements:
- CPA with knowledge of IFRS 9 expected credit losses framework preferred.
- Bachelors degree in Finance Accounting Economics or a related field.
- 3-5 years of experience in credit risk finance or accounting roles preferably within a financial institution.
- Proven ability to interpret data identify issues and communicate results to both technical and non-technical audiences.
- Highly responsive to time-sensitive requests and ad-hoc inquiries strong sense of urgency.
- Strong organizational skills with the ability to manage multiple priorities and drive tasks to completion within deadlines.
- Professional maturity and critical thinking skills able to ask the right questions and challenge assumptions where appropriate.
- Strong understanding of controls and governance frameworks (e.g. SOX internal audits).
- Proficiency in Excel (pivots lookups index match)
- Hands-on experience with data mapping database query and BI tools is an asset.
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
