Associate Vice President, Retail Model Validation, Risk Management

TD; Canada; On-site; CAD 145,000 - 200,000; Full time

Job summary

A leading global financial institution is seeking a Risk Management professional to lead model validations and manage a team. The role involves ensuring compliance with regulatory standards and fostering a high-performance environment. Candidates should have strong quantitative skills and experience in model development.

Benefits

Health and Well-being Benefits

Retirement Plans

Paid Time Off

Career Development

Qualifications

• 5 years of validation or model development experience in non-retail risk models.
• 3 years leading and developing a large team of subject matter experts.

Responsibilities

• Accountable for validation and approval for retail and non-retail models.
• Build and lead a validation team for high-quality validations.
• Enhance automated validation testing tools for non-retail models.

Skills

Quantitative Expertise

Communication Skills

Job description

Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
Risk Management

Pay Details:
$145,000 - $200,000 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are key features of the colleague experience at TD. Our compensation policies are designed to enable colleagues to progress through the salary range over time as they advance in their roles. The actual base pay offered may vary based on skills, experience, knowledge, location, and organizational needs.

Candidates are encouraged to discuss compensation questions openly with their recruiter for more details.

Job Description:

• Accountable for 2nd Line of Defense validation and approval for retail models, including parameter models, risk rating models, allowance, and stress testing models used globally in commercial and wholesale banking.
• Manage validation of non-retail PPNR models used in EWST/MST/DFAST programs globally.
• Oversee validation of Economic Capital models and TD Economics models, including Scenario Generation models.
• Build and lead a validation team to provide effective challenge and high-quality validations for these models.
• Develop and refine model validation approaches and guidelines, aligning with internal standards and evolving regulatory requirements.
• Review and update validation testing procedures periodically.
• Enhance automated validation testing tools for non-retail models.
• Engage with model stakeholders to identify, control, and mitigate model risks, participating in enterprise processes and new business assessments.
• Challenge model owners and developers, ensuring issues are identified, reported, and remediated promptly, working with the Model Risk Governance team.
• Address regulatory inquiries, presenting validation procedures and standards during examinations.
• Foster a high-performance environment to develop team capabilities.
• Engage externally to leverage insights and best practices in model validation.

Job Requirements:

• High quantitative expertise with at least 5 years of validation or model development experience in non-retail risk models.
• Experience providing independent advice on non-retail model issues.
• Minimum of 3 years leading and developing a large team of subject matter experts.
• Strong communication skills for explaining complex models and risks to diverse stakeholders.
• Ability to make balanced decisions and meet deadlines.
• Ability to anticipate and adapt to regulatory and industry changes.

Who We Are:

TD is a leading global financial institution, the fifth largest bank in North America, serving over 27 million households and businesses worldwide. With more than 95,000 colleagues, we are committed to being the Better Bank and enriching lives through our services and community involvement.

We prioritize customer experience and innovation, supporting our colleagues' growth through leadership, development, and mentorship programs. We are committed to continuous improvement and building capabilities to shape the future of banking.

Our Total Rewards Package:

Our comprehensive package includes base salary, variable compensation, health and well-being benefits, retirement plans, paid time off, banking benefits, career development, and recognition programs. Learn more.

Additional Information:

We are excited about your interest in building a career with TD. We support our colleagues’ growth through development conversations, training, and benefits, helping you thrive both professionally and personally.

Please note that employment regulations vary by province or territory within Canada, and compliance is required.

Colleague Development:

We offer regular career, development, and performance discussions, access to online learning, and mentoring programs to help you achieve your career goals within TD.

Training & Onboarding:

We provide comprehensive training and onboarding to ensure your success in the role.

Interview Process:

We will contact selected candidates to schedule interviews and aim to communicate outcomes to all applicants promptly.

Accommodation:

We are committed to accessibility. Please inform us if accommodations are needed during the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only): Not applicable.