Work Location:

Canada

Hours:

37.5

Line of Business:

Analytics, Insights, & Artificial Intelligence

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:

The Treasury and Balance Sheet Management (TBSM) department of TD Bank manages TD's non-trading market risk, liquidity risk, capital, investment portfolios, wholesale funding programs, pension plans, and transfer prices funds to the businesses. The Treasury Modelling and Stress Testing team in Corporate Transformation & Operations (CTO) is responsible for ensuring appropriate quantitative methodologies and estimation approaches are in place to support Treasury and Balance Sheet Management as well as to advance the use of enhanced models and data-driven analytics to support the allocation of scarce financial resources (capital, liquidity, and funding) and improve decision making. Within the Treasury Modelling team, the Modeling Analytics and Development group supports the valuation and hedging of various bank products and option exposures in the Banking Book.

Responsibilities

The position reports to Senior Manager, Treasury Modelling team group within TBSM. Detailed accountabilities include:

• Support and maintain the Financial EIRM Aggregator models for premium/discount, fee and basis amortization purposes, including its model development documents, validation support, change management, finding closures, ongoing performance monitoring etc.

• Develop rapid prototype for quantitative valuation/risk models for measuring and hedging the interest rate risk of retail, commercial and structured finance products in the Banking book.

• Perform advanced portfolio analysis to understand the risk drivers, key model assumptions and model performance for various downstream Finance use cases.

• Research industry best practices for measuring and hedging the Interest Rate Risk in the Banking Book (IRRBB) and address model validation, audit and regulatory requirements and/or findings in a timely manner. Good understanding of best practice in model governance, implementation standards, system change control process.

• The position must work effectively with internal and external partners of TBSM, including Finance, Market Risk Measurement and Reporting Team, the Treasury Analytics Group, and the Model Validation and Management Team, to ensure the soundness and accuracy of the model development and implementation.

Qualifications/Competencies

• Strong quantitative skills with a graduate degree in one or more of the following areas: statistics, economics, and mathematics, with at least 1-2 years of experience in quantitative analysis / financial engineering.

• Knowledge of financial markets as well as fixed income portfolio management and hedging techniques and valuation models.

• Experience in model development or validation with an advanced knowledge of stochastic processes and fixed income and asset backed securities modelling an asset.

• Solid skills in C++/C#, VBA programming and Microsoft Office tools (Excel, Word, Powerpoint)

• Strong analytical & communication skills, and demonstrated track record of creative problem solving & solution development

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