Manager, Physical Risk Measurement (5278)

TD; Toronto; On-site; CAD 97,000 - 137,000; Full time

Job summary

TD's Climate Risk Measurement team in Toronto invites experienced quantitative risk professionals to develop and implement physical climate risk measurement capabilities. You will translate climate hazard data into portfolio and credit risk metrics and work with cross-functional teams to embed insights into risk management.

The role requires advanced modelling, geospatial analytics, and experience with Python, R, SAS, and Databricks, delivering transparent analyses for regulators and senior

Qualifications

• Master’s degree or PhD in a quantitative discipline with at least three years of related experience; or a bachelor’s degree with at least five years of related experience.
• Proficiency in Python, R, SAS, or similar programming languages; experience with geospatial analysis and large datasets.
• Experience building and validating quantitative climate/credit risk models.

Responsibilities

• Develop physical risk methodologies for hazards like flood, wildfire, hurricane, and extreme heat.
• Translate hazard and exposure data into financial risk measures (PD, LGD, ECL).
• Integrate third-party climate models and manage model risk documentation.
• Deliver analyses and reporting for risk management and regulatory stakeholders.

Skills

Python

R

SAS

Geospatial analysis

Data analysis

Communication

Education

Master's degree or PhD in a relevant quantitative discipline

Bachelor’s degree with 5+ years of related experience

Tools

Databricks

Power BI

Job description

Work Location:Toronto, Ontario, CanadaHours:37.5Line of Business:Risk ManagementPay Details:$96,900.00 - $136,800.00 CADTD 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:Depth & ScopeThe Climate Risk Measurement team is seeking an experienced quantitative risk professional to support the development and implementation of TD’s physical climate risk measurement capabilities.The incumbent will develop and execute methodologies for measuring the financial impacts of physical climate risks, including flood, wildfire, hurricane, extreme heat, and other climate-related hazards. The role will focus on translating location-level hazard and damage estimates into portfolio and credit risk metrics that support risk identification, scenario analysis, stress testing, capital assessment, and regulatory reporting.The successful candidate will integrate and evaluate external catastrophe and climate risk models, develop internal analytical methodologies, and work with credit risk, model validation, technology, data, ESG, and business teams to embed physical risk insights into TD’s risk management processes.The ideal candidate will combine advanced quantitative modelling expertise, geospatial and data analytics capabilities, knowledge of credit risk and stress testing, and practical experience delivering complex initiatives within a regulated financial institution.Key AccountabilitiesDevelop physical risk methodologies for relevant acute and chronic hazards, including flood, wildfire, hurricane, and extreme heat.Conduct portfolio-level physical risk analyses by combining hazard, exposure, vulnerability, and financial data across applicable climate scenarios and time horizons.Develop quantitative approaches to translate physical risk impacts into financial and credit risk measures, including collateral value, portfolio loss, probability of default (PD), loss given default (LGD), and expected credit loss (ECL).Integrate and evaluate third-party climate and catastrophe models, including supporting data ingestion, model benchmarking, sensitivity analysis, and assessment of assumptions and limitations.Develop scalable analytical workflows and data pipelines using tools such as Databricks, Python, R, SAS, and Power BI.Produce clear, decision-useful analysis and reporting for risk management, business, senior management, and regulatory stakeholders.Prepare and maintain model documentation, methodology papers, controls, and supporting evidence in accordance with model risk management, audit, and regulatory requirements.Support independent model validation by responding to challenges, completing sensitivity testing, and addressing validation findings, while preserving validation independence.Contribute to climate risk regulatory reporting and remediation, including activities related to OSFI Guideline B-15 and other applicable requirements.Coordinate delivery across credit risk, model validation, ESG, technology, data, and business teams, including managing dependencies, timelines, and assigned deliverables.Provide technical guidance to analysts and partners and contribute to the continued development of TD’s physical risk measurement capabilities.Required Qualifications, Education & ExperienceMaster’s degree or PhD in a relevant quantitative discipline, with at least three years of related professional experience; or a bachelor’s degree in a relevant quantitative discipline, with at least five years of related professional experience.Relevant disciplines include catastrophe modelling, climate science, engineering, actuarial science, statistics, economics, finance, data science, or a closely related field.Proficiency in Python, R, SAS, or similar programming languages.Experience with geospatial analysis, large datasets, and quantitative model development.Strong communication, stakeholder management, and project delivery skills.Preferred QualificationsExperience with catastrophe or physical climate risk models covering flood, wildfire, hurricane, extreme heat, or other climate hazards.Knowledge of credit risk, stress testing, expected credit loss, or capital assessment.Experience integrating, benchmarking, or validating third-party climate models.Familiarity with climate scenarios, Databricks, Power BI, and model governance.Knowledge of OSFI Guideline B-15 or related climate risk regulations.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 PackageOur 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 moreAdditional 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 DevelopmentIf 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 & OnboardingWe will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.Interview ProcessWe’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.AccommodationYour 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