Work Location:

Montréal, Quebec, Canada

Hours:

37.5

Line of Business:

TD Wealth

Pay Details:

135 000 $/$135,000 - 175 000 $/$175,000 CAD

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:

TD Asset Management (TDAM), a member of TD Bank Financial Group, is a leading North American investment manager offering progressive investment solutions to both institutional and individual investors. For over two decades, the organization has established competitive market positions in active, quantitative, and passive portfolio management. As of June 30, 2024, TDAM and its affiliates manage over $434 billion in assets on behalf of pension, insurance, endowment/foundation, and corporate clients, as well as high-net worth clients and retail mutual funds.

In attaining this client commitment, TDAM has built one of Canada's largest and most respected investment management and research teams with more than 220 Portfolio Managers, Associate Portfolio Managers, Traders and Analysts.

The Quantitative Research team is looking for a self-motivated and hard-working quantitative researcher to fill a full-time permanent position at a VP level. The candidate primary responsibilities will be to research, develop, test, implement and maintain quantitative risk models. They will also assist the alpha forecasting process, the development of new innovative strategies and client reporting. The models will be used to manage the existing quantitative strategies and will be thoroughly tested under different scenarios. The candidate will use various techniques: from traditional statistical methods to factor modeling and advanced machine learning.

The role requires strong teamwork and the ability to perform effectively under pressure in a fast-paced, working environment with attention to details.

Responsibilities:

• Apply specialized skills and fundamental data science methods such as predictive modeling, time series forecast or deep learning, to build risk forecasting models used to manage equity portfolios. Ensure models are properly documented, tested, and vetted as per regulatory and audit requirements.
• Design, prototype, test, and document enhancements to the existing forecasting models.
• Continuously evaluate relevance of forecasting models and research for the current product mix and market conditions.
• Help in the management of TDAM's Quantitative Equity mandates.
• Support the client portfolio management and relationship management teams for ad-hoc analysis.
• Stay on top of economic and market conditions impacting the portfolios.
• Closely monitor and understand each strategy's intended and unintended risks, and the underlying drivers of their P&L.
• Review, understand and vet changes in model preferences over time.
• Work closely with TDAM's data, quantitative research, portfolio management and risk management teams to evaluate and monitor the impact of various strategies.
• Coordinate with internal partners in the technology and business analyst teams to specify requirements for improvements to upstream systems needed by our team.
• Test and validate applications on the quantitative equity portfolio management system.

Job Requirements

We are looking for a candidate with a strong technical and quantitative expertise to join a dynamic team of investment professionals. We are looking for someone with proven quantitative skills, a propensity for teamwork, and a demonstrated ability to communicate effectively.

The ideal candidate will have the following:

• Graduate degree (Master of Ph.D.) in a quantitative field such as Quantitative Finance, Economics, Data science, Statistics, Mathematics, or a technical field such as Physics or Engineering
• Ideally 3+ years of experience in a quantitative investment research or data science role.
• Knowledge or experience in multifactor equity or risk modeling, including multi-factor models such as BARRA, APT, Northfield or Axioma; risk management metrics and methods such as VaR and stress testing models.
• Demonstrated domain expertise is a strong plus. For candidates with a quantitative finance background, this involves, without being limited to, expertise with asset pricing, empirical finance, or econometrics. For candidates from a technology field, this could be academic or industry training in statistics, machine learning or deep learning.
• Proven proficiency in Python and related packages. Strong familiarity with SQL and relational databases. Knowledge of MATLAB and experience working with unstructured data is a plus.
• Strong command of foundations of applied statistics and linear algebra.
• Highly motivated, feeling exiting to persistently pursue insights with weak statistical relationship.
• Collaborative mindset with independent research skill, willing to take ownership of his/her work.
• CFA designation or working towards obtaining it.

Who We Are:

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.

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):

Maîtrise d'une langue autre que le français pour offrir du soutien ou traiter avec les clients qui ont besoin de services et de soutien dans une langue autre que le français.