Work Location:

Canada

Hours:

37.5

Line of Business:

Risk Management

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 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.

Job Description:

The position reports to Senior Manager, TBSM Model Validation group within MV. Detailed accountabilities include:

• Validate Treasury Models including large scale integration Models used for Treasury & Balance Sheet Management (TBSM) including Interest Rate Risk for Banking Book (IRRBB), Liquidity Risk Management, interest risk hedging and hedging accounting.
• Implement validation methodologies and standards. Ensure that the validation methodologies and standards align with industry best practice or address regulatory and audit requirements and/or findings in a timely manner.
• Actively participate with business partners in internal data management to ensure data integrity for model validation and development purpose, data governance for model operation, and meet regulatory requirements on data capture and retention.
• Assess the conceptual soundness of the model methodology including assumptions.
• Apply a variety of technical / statistic tests and modeling techniques to verify the accuracy of implementation and assess the model specification and performance.
• Evaluate and implement external models used for benchmarking internal model performance. Participate in model selection and related due diligence activity.
• Draft model validation report to decently summarize the validation review analysis and conclusion to support regulatory submission and potential audit questions. Validation report includes assessment of the model methodology, input quality, assumption reasonability, model performance testing results, and governance / control process.
• Maintain/develop professional knowledge of techniques and developments in quantitative analysis and share knowledge with business partners and senior management.
• The position involves working effectively with different internal partners such as Treasury & Balance Sheet Management Group (TBSM), Treasury and Analytics Group (TAG), Enterprise Non-Trading Market Risk (ENTMR), Enterprise Liquidity Risk (ELR), US Market Risk (USMR) and Internal Audit.

Job Requirements:

• Solid quantitative skills with an advanced degree in one or more of the following areas: Financial Economics, Economics, Actuarial Science, Finance.
• Strong technical knowledge and experience with Python, SQL and SAS. Familiarity with JSON is an asset.
• Solid understanding / knowledge of Financial Statements, Corporate Finance.
• Experience in model development or validation with an advanced knowledge of testing techniques in large scale aggregation models; and familiarity with regulatory requirements on liquidity risk management and IRRBB is an asset. Knowledge and experience with databases and data structures is a plus.
• Strong analytical and problem-solving skills. High attention to details.
• Excellent verbal and written communication skills.
• Good time management and multitasking skills with minimal supervision.

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