Modelling / Forecasting Senior Analyst (Quants)

TD; Toronto; On-site; CAD 82,000 - 115,000; Full time

Job summary

TD in Toronto is seeking a candidate to join the Market Risk Stress Testing group within Model Development. The role will analyze, develop, maintain and execute models for projecting market risk variables used in internal and regulatory stress tests (DFAST, EWST, MST).

You will document methodologies, collaborate with governance and cross‑functional partners, and contribute to TD's risk framework while delivering timely model deliverables.

Qualifications

• Graduate degree in quantitative finance and/or related quantitative field.
• Strong analytical background in quantitative finance and statistical modeling.
• Knowledge of valuation of financial derivatives and market risk modeling approaches.

Responsibilities

• Analyze, develop, maintain and execute models for projecting market risk variables for internal and regulatory stress tests.
• Execute Stress Testing models during stress testing cycles and maintain current model suite.
• Document modeling methodologies in technical reports and ensure governance and transparency.
• Collaborate with Model Validation, Enterprise Market Risk Control, TD Securities Technology and other stress testing groups.
• Provide commentary on pricing and stress testing models used by TD.

Skills

Quantitative finance

Statistical modeling

R

Python

C++

Derivatives valuation

Analytical thinking

Communication skills

Education

Graduate degree in quantitative finance or related field

Tools

R

Python

C++

Job description

Work Location:Toronto, Ontario, CanadaHours:37.5Line of Business:Analytics, Insights, & Artificial IntelligencePay Details:81,600 - 115,200 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:Department Overview:The Trading Risk Model Development group within Model Development is responsible for the development, maintenance and calibration of various Market, Stress Testing and Counterparty Credit Risk models. We interact with various stakeholders in the bank to achieve our mandate.Job Description:We are looking for a strong candidate to join the Market Risk Stress Testing group. The successful candidate will analyze, develop, maintain and execute models and methodologies for projecting financial variables for internal and regulatory stress tests (DFAST, EWST, MST), and will also contribute to other development work to support our stakeholders.Customer and Shareholder Accountabilities:Research, develop, and implement new and improved modeling methodologies to project market risk variables required by the different Stress Testing programs.Execute Stress Testing models during the stress testing cycles.Maintain the current suite of models in accordance with established model lifecycle requirements.Research and develop models and code solutions to support our stakeholders.Document modeling methodologies in technical reports in a transparent and effective manner.Liaise with other business partners (Model Validation, Enterprise Market Risk Control, TD Securities Technology, TD Economics, and various Stress Testing groups across the bank) to ensure timely delivery of new models/model methodologies, test the implementation of models in the bank's risk systems, and investigate/resolve modeling issues.Analyze and provide commentary on pricing and stress testing models currently employed by TD.Adhere to the governance policies and procedures relevant to the team.Employee/Team Accountabilities:Continuously enhance knowledge / expertise in own area and keep current on emerging trends /developments and grow knowledge of the business, analytical tools and techniques.Prioritize and manage own workload to deliver quality results and meet assigned timelines.Support a positive work environment that promotes service to the business, quality, innovation, and teamwork and ensure timely communication of issues/ points of interest.Identify and recommend opportunities to enhance productivity, effectiveness and operational efficiency.Establish effective relationships across multiple business and technology partners, program and project managers.Participate in knowledge transfer within the team and business units.Communicate clearly and effectively with leadership and other stakeholders, including on complex technical subjects and model methodologies.Job Requirements:Graduate degree in quantitative finance and/or other relevant quantitative field.Strong analytical background in quantitative finance and statistical modeling gained through practical experience and/or academic studies.Knowledge of the valuation of financial derivatives and market risk modeling approaches for various asset classes (e.g. Rates, Credit, EQ, FX, etc.).Programming skills in R and Python; C ++ also an asset.Strong team member with the ability to work effectively with colleagues and independently when required.Good technical writing and verbal communication skills.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