Modelling / Forecasting Senior Analyst (3774)

TD; Canada; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution is seeking a quantitative model developer to create and improve credit risk models under IFRS 9. The ideal candidate will have over 2 years of experience in quantitative modeling and a strong background in credit risk methodologies. Proficiency in programming languages such as Python, SAS, or R is essential. The role offers opportunities for career development and a comprehensive total rewards package.

Benefits

Health and well-being benefits

Career development programs

Variable compensation

Qualifications

• 2+ years of relevant experience in quantitative modeling required.
• In-depth knowledge of credit risk modeling and BASEL III framework preferred.
• Professional certifications (e.g., CFA, FRM) are a plus.

Responsibilities

• Develop forward-looking credit risk models under IFRS 9 framework.
• Monitor risk profile changes and write reports for management.
• Work with team members on Stress Testing exercise.

Skills

Programming (Python, SAS, R)

Data analysis

Problem-solving

Communication

Knowledge of credit risk modeling

Education

Graduate degree in quantitative discipline

Job description

Overview

The Model Development (MD) group is part of the Market Risk and Model Development group within Risk Management at TD Bank. It is responsible for methodology development related to market risk, credit risk and operational risk in both retail and non-retail (Wholesale and Commercial) business. These methodologies cover the areas of Basel III credit parameters (PD, LGD, UGD), regulatory & economic capital for AIRB credit risk, general allowances, Value at Risk (VaR), Counterparty Credit, AMA and Risk Ratings. MD is responsible for developing mathematical methodologies, building software prototypes, and working closely with other functions throughout the bank to implement system solutions.

Key responsibilities

• Develop forward-looking credit risk models under IFRS 9 framework with mathematical and statistical methodologies. Improve existing approach and develop new model components as needed
• Work with team members on Stress Testing exercise including internal Enterprise Wide Stress Testing (EWST) and external program such as OSFI MST
• Perform testing and analysis for IFRS 9 and stress testing models and develop related analysis tools
• Produce and maintain well-articulated documentation on the above
• Ensure compliance with the TD's Model Risk Policy & relevant Data Governance requirements
• Monitor risk profile changes, identify key drivers and write reports for management review
• Maintain and contribute to the enhancement of the current models. Develop credit risk models for new business lines as required
• Work closely with model vetting/management, Credit Risk Management, Chief Accountants, other risk functions, internal and external auditors, regulators for risk model reviews and other requests

Job Requirements

• Graduate degree in quantitative discipline preferred (Mathematics, Statistics, Econometrics, Physics, etc.)
• Proficiency in at least one of the following programming languages - Python, SAS and R.
• Excellent written and verbal communication skills to ensure effective communication with stakeholders across a wide variety of functions is required
• 2+ years of relevant working experience in quantitative modeling. Experience in financial services building IFRS9, ARIB or similar models is preferred.
• In-depth knowledge of lending portfolios and credit risk modeling including credit risk parameters estimation (PD, LGD, EAD), stress testing methodologies, BASEL III Capital framework, CreditMetrics framework and Moody's Analytics|KMV Risk Frontier preferred
• Strong data analysis and problem-solving skills
• Flexibility to adapt to rapidly changing requirements
• Be able to engage directly with senior executive stakeholders and technology vendors
• Profession certifications (e.g., CFA, FRM) are a plus

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.

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