Credit Risk Manager, Climate Risk Measurement (4229)

TD; Canada; On-site; CAD 91,000 - 137,000; Full time

Job summary

A leading financial institution in Canada is seeking a Climate Risk Manager to advance climate scenario analysis capabilities across various risk areas. The role involves developing assessments for credit portfolios and collaborating with key teams to integrate climate risk considerations. The ideal candidate will have strong analytical and communication skills, with a solid understanding of climate risk impacts on financial exposures.

Benefits

Competitive compensation

Comprehensive benefits

Career development opportunities

Flexible work environment

Qualifications

• Ability to analyze data/information to challenge and make recommendations.
• Clear articulation of identified risks and facilitating discussions on complex issues.
• Experience in working with both Business and Technology partners.
• Ability to remain organized and manage through multiple deliverables.

Responsibilities

• Develop and execute climate scenario analysis for credit portfolios.
• Collaborate with Model Development to embed climate risk into credit parameters.
• Deliver regulatory climate-related analytical exercises.
• Conduct research for internal climate scenario analysis.
• Manage assumptions related to internal and external data.

Skills

Analytical skills

Strong communication skills

Relationship management skills

Adaptivity

Job description

Work Location

Toronto, Ontario, Canada

Hours

37.5

Line of Business

Risk Management

Pay Details

$91,200 - $136,800 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.

Department Overview

Climate Risk Measurement team within Environmental, Social, and Governance Risk Management (ESG RM) under Non‑Financial Risk Management (NFRM) is responsible for designing methodologies and processes to identify, assess, measure and monitor risk impacts resulting from climate change, both physical and transition risks, on TD’s products and exposures. The team collaborates with Financial Risk Management to design and/or enhance policies, processes, and tools, to incorporate climate, environmental and social risk considerations into the relevant financial risk assessments. The team also provides strategic guidance, advice and independent challenge to support TD in achieving its climate objectives in the broader context of meeting its strategic objectives while operating within TD’s Risk Appetite.

Job Description

Reporting to the AVP, Climate Risk Measurement, the Credit Risk Manager will support the advancement of TD’s climate scenario analysis capabilities across key functional groups including ESG Risk, Model Development, Model Validation, Credit Risk, Enterprise Capital Stress Testing and other risk areas (e.g., Operational, Market, Liquidity). The successful candidate will work in a fast‑paced and results‑oriented environment for an emerging high‑profile area of focus and will be part of a learning culture where ongoing development is encouraged.

Key Accountabilities

• Develop and execute climate scenario analysis assessment for the credit portfolios in Canada and the U.S. to drive insights on how physical and transition climate risks may lead to financial impacts on TD’s exposures.
• Collaborate with Model Development and Enterprise Capital Stress Testing to explore approaches to quantitatively embed climate risk into credit risk parameters and capital planning considerations, subject to regulatory guidelines and expectations.
• Deliver regulatory climate‑related analytical exercises, including engagement with first line and second line partners.
• Conduct research and design internal scenarios for climate scenario analysis that account for the systematic climate risk and the idiosyncratic aspects of TD’s exposures.
• Manage and continue to improve the assumptions and limitations related to internal and external data used in the climate scenario analysis program.
• Support model risk management activities for climate risk vendor models owned by the team.

Job Requirements

• Analytical skills: ability to analyze data/ information, to effectively challenge, and to make proper recommendation.
• Strong communication skills: clear articulation of the risks identified; facilitate effective discussion on complex issues.
• Relationship management skills: know how to work with both Business and Technology partners.
• Adaptivity: ability to remain organized and manage through multiple deliverables.

Additional Information

• Quantitative modelling or analytical work is considered strong assets.

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.

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)

Sans Objet