Modelling / Forecasting Senior Analyst (Quants)

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

Job summary

A leading financial institution in Toronto is looking for a Model Validation Specialist to join their Analytics team. The role entails validating analytical models, conducting tests, and creating reports. Candidates should possess solid quantitative skills, an advanced degree in relevant fields, and programming knowledge in R, Python, or SAS. The position also offers a competitive salary ranging from 76,800 to 115,200 CAD, alongside other growth opportunities. Strong communication skills are essential for success in this collaborative environment.

Benefits

Competitive salary

Comprehensive benefits package

Growth opportunities

Qualifications

• 1-3 years modeling experience in Bank/Insurance/Pension/Consulting.
• Strong understanding of banking financial instruments/products.
• Familiarity with regulatory requirements on IRRBB and/or Stress Testing.

Responsibilities

• Validate Customer Behavior forecast models for Treasury usage.
• Draft high-quality model validation reports.
• Conduct validation testing to assess model performance.

Skills

Quantitative skills

Data analysis

Programming skills (R, Python, SAS)

Technical writing

Analytical skills

Education

Advanced degree in Economics, Statistics, or related field

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:

TD Model Validation (MV) group is responsible for the independent validation and approval of analytical models used for risk, pricing, hedging, and capital evaluation for portfolio of financial products. This also includes validation of decision‑making models.

The position involves working effectively with different internal partners such as Treasury & Balance Sheet Management Group (TBSM), Treasury and Analytics Group (TAG), TD Insurance and Internal Audit.

The successful candidate will be a member of the TBSM MV group covering both quantitative and qualitative models designed for TBSM Customer Behavior IRRBB and Stress Testing in Canada and US jurisdictions (i.e., US DFAST, EWST, BoC MST). The position reports to Manager / Senior Manager, TBSM Model Validation group within MV. Detailed accountabilities include:

• Validate Customer Behavior forecast models for Treasury & Balance Sheet Management BAU usage (FTP pricing, IRRBB) and Stress Testing usage. Sometimes the successful candidate might also help with TD Insurance model validation projects as well.
• Propose in‑depth testing plans per the Enterprise Model Validation Procedure and maintain a high‑quality issue log to ensure the validation project goes smoothly and the critical findings/issues identified are communicated to 1st line effectively and timely.
• Evaluate the conceptual soundness of the model methodology through literature review and assessment of the reasonability of the assumptions to be consistent with the nature of the business and ensure the model methodology aligns with industry best practice.
• Assess the data quality and input control/governance process to ensure acceptance of model inputs.
• Conduct validation testing following the validation testing plan accurately to assess model performance, including but not limited to back‑testing, sensitivity testing, stability testing, and independent benchmark model analysis. Properly archive the testing results for future audit and/or regulatory review.
• Draft high‑quality model validation reports to succinctly summarize the validation review analysis and conclusions to support regulatory submission and potential audit questions. Validation reports include assessment of the model methodology, input quality, assumption reasonability, model performance testing results, and governance/control process.
• Maintain/develop professional knowledge of techniques and developments in quantitative analysis and share knowledge with business partners and senior management.
• Become a domain expert to provide structural feedback to the business/1st line to different stakeholders to achieve timely validation work.

Job Requirements:

• Solid quantitative skills with an advanced degree in one or more of the following areas: Economics, Financial Economics, Statistics, Econometrics.
• 1‑3 years modelling experience in Bank / Insurance Company / Pension Plan / Consulting Firm. Outstanding new graduate exempted.
• Solid understanding of statistical modelling and banking financial instruments/products. Knowledge of corporate finance, financial statements is an asset.
• Strong technical knowledge and experience with programming/coding, i.e., R, Python, or SAS.
• Experience in model development or validation is an asset.
• Familiarity with regulatory requirements on IRRBB and/or Stress Testing is an asset. Knowledge and experience with treasury modelling is a plus.
• Understanding of treasury concepts and ability to conduct economic reasoning.
• Strong writing skills, especially technical writing, as well as excellent verbal communication skills are must‑have.
• Inquisitive nature, ability to ask the right questions and elevate issues. Risk & Control mindset with good business acumen is an asset.
• Strong analytical and problem‑solving skills. High attention to detail.
• Good time 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. 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’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)

Sans Objet