Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Analytics, Insights, & Artificial Intelligence

Pay Details:

$76,800 - $115,200 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 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 portfoliosDesign 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 model's 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 such as 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 & EngineeringProficient 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 assetFamiliarity with various statistical modelling techniques and ability to design/implement statistical testsExposure or experience in credit risk modelling for C&I/CRE portfolios, allowance models and stress testing is desirableUnderstanding of stress testing and allowance model concepts and ability provide effective challenge is an assetInquisitive nature, ability to ask the right questions and escalate issues. Risk & Control mindsetGood time management and multitasking skills with minimal supervisionExcellent ability to write comprehensive technical documents is requiredExcellent verbal and written communication skills.Experience in model development or validation is desirable

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