Modelling / Forecasting Senior Analyst (3861)

TD; Canada; On-site; CAD 76,000 - 116,000; Full time

Job summary

A leading financial institution in Canada is seeking a Model Validation analyst in Toronto. This role involves validating various financial models, preparing comprehensive reports, and collaborating with various teams. Candidates should have a strong quantitative background and expertise in programming languages like C/C++. The position offers competitive compensation and development opportunities.

Benefits

Health and well-being benefits

Savings and retirement programs

Career development opportunities

Qualifications

• Excellent knowledge of pricing theory, statistics, and numerical techniques.
• Proficient in relevant programming languages like C/C++ and VBA.
• At least 2 years of experience in model development or validation.
• Strong ability to write comprehensive technical documents.
• Excellent quantitative skills with a background in mathematics, physics, or engineering.
• Good time management skills with minimal supervision.

Responsibilities

• Perform independent validations of various risk models.
• Prepare validation reports outlining assumptions and results.
• Develop and implement validation methodologies.
• Collaborate with internal partners for model accuracy.

Skills

Pricing theory

Statistics

Numerical techniques

C/C++ programming

VBA programming

Quantitative skills

Time management

Education

Graduate degree in a quantitative discipline (MSc, MMF or PhD)

Job description

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 is responsible for the independent validation and approval of analytical models used for pricing, hedging and risk and capital evaluation of financial products and portfolios of financial products.

The position reports to Sr. Manager within MV.

Responsibilities

• Perform independent initial and ongoing validations of Derivative Pricing/Counterparty Credit Risk (CCR)/Market Risk VaR models across TD\'s global trading business and TBSM Banking Book business, including Interest Rate, Fixed-Income, Equity, FX, Credit and Commodity derivatives.
• Prepare corresponding initial/ongoing validation reports outlining model assumptions, analytical methodologies and assessments, computational methods and test results.
• Develop/implement validation methodologies and standards. Ensure that the validation methodologies and standards are in line with industry best practice or address regulatory and audit requirements and/or findings in a timely manner.
• Maintain full professional knowledge of techniques and developments in the field of derivative pricing, Fixed-Income modeling for the Banking Book and potentially Counterparty Credit Risk/CVA/FVA/XVA, Market Risk VaR (FRTB), and share knowledge with business partners and senior management.
• The position involves working effectively with different internal partners such as Treasury and Balance Sheet Management (TBSM), Quantitative Engineering Group in TDS Front Office (FO), Model Development (MD) Group, and IT support teams for MD and FO; to ensure the appropriateness and accuracy of models used by the bank.

Job Requirements

• Excellent knowledge of pricing theory, statistics, stochastic calculus and numerical techniques used in derivative pricing (PDE/trees, Monte Carlo simulation, optimization) as well as CCR/CVA modeling techniques and parameters calibration techniques.
• Proficient in relevant programming languages such as C/C++ and VBA is required.
• Industry experience (at least 2 years of experience) in model development or validation within a similar role is required.
• Excellent ability to write comprehensive technical documents is required.
• Excellent quantitative skills with background in one of the following areas: mathematics, physics, engineering, computational finance, statistics.
• Fast learner who grasps complex concepts and techniques quickly and works independently under tight deadlines.
• Good time management skills with minimal supervision.
• Graduate degree in a quantitative discipline MSc, MMF or PhD.

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 would 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 (Québec only)

Sans Objet