Associate Quantitative Engineering & Development

TD; Canada; On-site; CAD 110,000 - 135,000; Full time

Job summary

A leading financial services firm in Canada is seeking an Associate for its Quantitative Engineering & Development team in Toronto. The role focuses on developing valuation models for financial derivatives and improving analytical tools for trading desks. Candidates should have a strong STEM background, programming expertise in C/C++ and Python, and a quantitative understanding of statistics. The position offers competitive compensation and an environment focused on professional growth and skill development.

Benefits

Health and well-being benefits

Savings and retirement programs

Career development opportunities

Qualifications

• Strong academic background in a relevant field like Mathematics or Engineering.
• Experience in financial derivatives and quantitative roles is preferred.
• Excellent programming skills in languages like C/C++ and Python.

Responsibilities

• Develop and maintain valuation and pricing engines for financial derivatives.
• Improve analytical tools for trading and sales desks.
• Collaborate across teams for model deployment.

Skills

C/C++ programming

Python

VBA

Microsoft Excel

Statistical analysis

Object-oriented design

Education

Degree in Mathematics, Engineering, or Computer Science

Tools

Jira

Job description

Work Location: Toronto, Ontario, Canada

Hours: 37.5

Line of Business: TD Securities

Pay Details: $110,000 - $135,000 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 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 6,900 professionals operating out of 32 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.

Quantitative Engineering & Development (QED) Team

The QED team provides a full suite of quantitative development and risk management services to global fixed income Sales and Trading desks, playing a pivotal role in providing quantitative solutions and development.

The team has two core mandates:

• Deliver top‑tier quantitative and pricing/risk analysis tools for trading desks across the region
• Responsible for live development request coverage, providing fast and accurate pricing and hedging solutions

This is a fast‑paced and dynamic team who have grown rapidly in line with the Bank's overall growth strategy. The team has an increasing global mandate, focusing on improving efficiencies and providing better quantitative tools to Global Fixed Income desks. This is an exceptional opportunity to work on a globally recognized team.

Associate Role

Due to continuing business growth, we are looking for a professional with solid STEM background and sound business common sense to join the QED team in Toronto as an Associate.

Responsibilities

• Develop and maintain valuation and pricing engines for financial derivatives in C++ model library, updating the codebase based on evolving business needs.
• Improve and update analytical tools for front office trading and sales desks, which involves Python/VBA and UI design.
• Support the design and implementation of front‑office solutions and strategies aimed at improving trading efficiency and decision‑making processes.
• Collaborate with other teams in TDS including front office trading and sales desks, technology, risk management, treasury, finance, and compliance to deploy new or enhanced models to production.
• Contribute to comprehensive model testing to support robustness and reliability.
• Support daily business requirements through active collaboration with team members to address front office needs.
• Document implementation details in library codebase and in Model Development Report.
• Oversee model lifecycles to meet risk management and compliance standards.
• Assist with trade allocation and coordinate with middle and back‑office staff to address and resolve operational issues, ensuring smooth workflow.
• Participate in literature reviews and utilize Bloomberg to help ensure models reflect current market practices.
• Maintain strong knowledge of current markets, trends, and innovations.
• Idea generation – assist in other areas that suit the candidate's skill set and interests.
• Entry‑level or 2 years of experience in a front office or quantitative role is preferred.

Job Requirements

• Strong academic background in a relevant field – Mathematics, engineering, computer science background with a quantitative understanding of statistics and probability.
• Superior programming skills in a modern programming language (C/C++, Python, Java or equivalent language) and familiarity with object‑oriented design principles. VBA experience is desirable.
• Strong background of Microsoft Excel and spreadsheet‑based analysis.
• Comfortable working on multiple projects, demonstrating initiative and delivering results quickly.
• Ability to solve technical problems and explain the underlying ideas to a non‑technical audience.
• Familiar with and comfortable with the standard software development process, including but not limited to version control, Jira ticket tracking and code reviews.
• Knowledge of financial markets is preferred. Understanding fixed income products and financial mathematics is a plus.

Benefits

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.

Language Requirement (Quebec only)

Sans Objet

We look forward to hearing from you!