Manager, Advanced Analytics (Quants) (2122)

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

Job summary

Join a leading global financial institution as a Manager in Advanced Analytics, where you will play a pivotal role in validating liquidity risk management models. This position offers an exciting opportunity to work with cutting-edge analytical techniques and collaborate with various stakeholders to ensure the integrity of financial models. You will lead validation efforts, prepare comprehensive reports, and provide insights that directly influence critical business decisions. With a commitment to employee development and a supportive work environment, this role is perfect for those looking to make a significant impact in the financial sector while advancing their career in analytics.

Benefits

Health and well-being benefits

Savings and retirement programs

Paid time off

Banking benefits and discounts

Career development programs

Reward and recognition programs

Qualifications

• 2+ years of experience in developing or validating liquidity risk management systems.
• Solid understanding of cash flow patterns and financial product valuation.

Responsibilities

• Independently validate Liquidity Risk Management models and prepare validation reports.
• Communicate with stakeholders to address model limitations and ensure compliance.

Skills

Advanced quantitative skills

SAS

SQL

Python

Financial products knowledge

Communication skills

Project management

Education

Post-secondary degree in finance

Degree in financial engineering

Degree in statistics

Degree in economics/econometrics

Degree in mathematics

Tools

MLE

JSON

Job description

Manager, Advanced Analytics (Quants) (2122)

Work Location: Toronto, Ontario, Canada

Hours: 37.5

Line of Business: Analytics, Insights, & Artificial Intelligence

Pay Details: $91,200 - $136,800 CAD. This role is eligible for a discretionary variable compensation award that considers business and individual performance.

Job Description:

Department Overview

The Model Validation (MV) group in Enterprise Risk, Risk Management is responsible for the independent validation and approval of all analytical models used for pricing, hedging and risk and capital evaluation of financial products and portfolios of financial products.

Job Description

The position reports to Senior Manager, Advanced Analytics – Liquidity Risk Management Model Validation.

Detailed accountabilities include:

• Independently validate the Liquidity Risk Management (LRM) models developed or owned by TD Treasure and Balance Sheet Management (TBSM) group.
  • Develop an effective and efficient validation testing plan based on structure/design of different aggregation systems and complete validation in time to support various Liquidity Risk Management initiatives and regulators' requirements.
  • Assess soundness of the model design and modelling data quality, conduct validation testing to assess model implementation accuracy and model performance, and assess the adequacy of model governance/controls according to the validation testing plan.
  • Communicate effectively with different stakeholders and solve model limitations/issues to meet validation lead time targets.
  • Prepare high quality model validation reports with adequate information and justification to support validation conclusions and audit/regulator review/assessment of validation process.
• Recommend the approval of the models or other corrective actions based on the independent vetting and validation.
• Maintain full professional knowledge of techniques and developments in quantitative analysis in LRM & liquidity risk reporting, sharing knowledge with business partners and senior management.
• Assume a subject matter expert (SME) role to support developing standards and procedures for vetting and validation that are compliant with the Bank’s internal Model Risk Policy, adhere to industry best practices, and meet regulatory requirements.
• Instruct/support junior validators in internal team for different LRM model validations.
• Prepare responses to requests from both Canadian and U.S. regulators, internal and external audit in their review/audit of risk models and vetting/validation process and procedures.
• Work effectively with internal model development group, Audit, and other internal partners to ensure risk models meet required Bank standards for use.

Job Requirements:

• Advanced quantitative skills with a post-secondary degree in finance, financial engineering, statistics, economics/econometrics, or mathematics.
• Solid knowledge of financial products/portfolios regarding cash flow patterns and requirements, key factors impacting cash flow, and their pricing/valuation approaches as well as financial/regulatory reporting in liquidity risk management.
• 2+ years of experience in either developing or validating large TBSM reporting systems in liquidity risk management.
• Proficient in relevant programming languages such as SAS in MLE, SQL, and Python. Familiarity with JSON is an asset.
• Excellent verbal and written communication skills.
• Excellent time/project management and multitasking skills with minimal supervision.

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.

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.

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.

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.

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 to help us remove barriers so that you can participate throughout the interview process.