Data Scientist – Financial Crime Risk Management (FCRM)

The Toronto-Dominion Bank (Canada); Toronto; On-site; CAD 77,000 - 115,000; Full time

Benefits offered by this job

Base salary

Health and well-being benefits

Savings and retirement programs

Paid time off

Career development

Job summary

The Model Validation (MV) group in Enterprise Risk at The Toronto-Dominion Bank (Canada) validates and approves analytic models used across TD. The role reports to the Senior Manager, Model Validation and collaborates with 1st line and stakeholders to ensure robust validation processes.

We seek a candidate with a post-secondary degree in a relevant field and practical ML/AI experience, including AML/FCRM exposure. Strong communication and project management skills are essential.

Qualifications

• Excellent verbal and written communication skills.
• Proficient in ML/AI concepts and model validation.
• Experience with validating AML / FCRM models is a plus.

Responsibilities

• Validate Financial Crime Risk Management (FCRM) models including AML, Insider Risk, and Trading Surveillance.
• Communicate effectively with stakeholders from 1st line to discuss model limitations/ issues.
• Deliver high quality model validation reports for audit/regulator review and validation processes.

Skills

Communication

Time management

Education

Post-secondary degree in CS/Statistics/Math/Financial Engineering/Engineering

Tools

Python

H2O.AI

Scala

AI Graph/Network analysis

Job description

Work Location

Work Location: Toronto, Ontario, Canada Hours: 37.5 Line of Business: Analytics, Insights, & Artificial Intelligence Pay Details: 76,800 - 115,200 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

The Model Validation (MV) group in Enterprise Risk, Risk Management is responsible for the independent validation and approval of all analytical models used for TD. The position reports to Senior Manager, Model Validation.

Detailed Accountabilities

• Validates Financial Crime Risk Management (FCRM) models including AML, Insider Risk, and Trading Surveillance Conduct validation testing and analysis for different FCRM models under Senior Manager or Manager supervision to support various business initiatives and regulators requirements.
• Have effective communication with different stakeholders from 1st line to discuss and solve model limitations / issues identified during the validation process.
• Deliver high quality model validation reports with adequate information and justification to support validation conclusions and Audit / regulator review / assessment of validation process and validation analysis.
• Maintains professional knowledge of AI / ML techniques and developments in FCRM modeling.
• Develops different validation testing tools / programs to assess advanced AI / ML FCRM models.

Education & Experience

• Post-secondary degree in one or more of the following areas: computer science, statistics, mathematics, financial engineering, or engineering.
• In-depth knowledge of ML/AI and AI Graph / Network analysis 2 years + Experience in either developing or validating AML / FCRM model with exposure in AI/ ML modelling is an asset.
• Proficient in relevant programming languages & software such as Python, H2O.AI, Scala, etc.
• Excellent verbal and written communication skills
• Excellent time / project management and multitasking skills with minimal supervision.

Customer Accountabilities

• Works in a highly interactive, team-oriented environment with Big Data developers, and analytical experts
• Stays current on developments in FCRM modelling

Shareholder Accountabilities

• Works closely with key stakeholders to conduct different validations in time to support different business initiatives
• Executes on the validation plan to deliver results aligned with enterprise model validation procedures and model risk policy

Employee/Team Accountabilities

• Shares knowledge, information, skills, and subject matter expertise among the team; Collaborates with other functions and teams to complete validation efficiently and in-time Escalate identified issues.

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 strive to make every interaction, product, and experience remarkably human and refreshingly simple for 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 foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities. 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.

Benefits

• base salary
• variable compensation
• health and well-being benefits
• savings and retirement programs
• paid time off
• banking benefits and discounts
• career development
• reward and recognition programs

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

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. If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact. We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding

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

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

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)

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Our Values

At TD we’re guided by our purpose to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and guide our behavior. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career and be part of our caring and inclusive culture.

Our Commitment to Diversity, Equity, and Inclusion

At TD, we’re committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We’re dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve.

Helping to Make an Impact in Communities – TD Ready Commitment

TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future. That’s why we launched the TD Ready Commitment in 2018, now a multi-year North American initiative. Under the TD Ready Commitment, we are targeting a total of C$1 billion by 2030 in community giving across four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It’s our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities. Learn more: Canada | US | Europe & Asia Pacific