Modelling / Forecasting Senior Analyst (Quants)

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

Job summary

TD Bank Group in Toronto, ON, is seeking a Senior Analyst for the Trading Risk Model Development group to calibrate, backtest, and improve market risk models (FRTB, VaR). The role collaborates with Technology, MRC, CMRM, MV and other partners to ensure robust risk measurement and model deployment.

The candidate will carry out model calibrations, develop new methodologies, and communicate risk assumptions clearly to stakeholders, contributing to ongoing group projects and initiatives.

Qualifications

• At least 1 years of experience in a model development or model validation role for market risk, counterparty credit risk or pricing models for capital markets.
• Postgraduate degree in a quantitative field is a must.
• Strong analytical background, e.g. PhD/Master in physics, mathematics, engineering or Masters of Financial Engineering with appropriate experience.
• Strong computational and programming knowledge (e.g. Python/C++/VBA).
• Solid understanding of fundamental concepts and technics in quantitative finance.
• Strong interest in financial models and concepts.
• Strong written and verbal communication skills is a must.
• Strong team member with a focus on getting projects done effectively and efficiently.
• CFA or FRM would be an asset
• Knowledge of VaR models would be an asset

Responsibilities

• Maintain the current market risk and capital models
• Develop new modeling methodologies for measuring market risk (e.g. FRTB, VaR)
• Perform ongoing and/or ad-hoc testing and model calibrations
• Interact with other business partners (e.g. Technology, MRC, CMRM, MV) to investigate and resolve modeling issues
• Communicate model risk and provide full transparency around the model assumptions and usage with various stakeholders
• Contribute to other one-time projects of the group

Skills

Python

C++

VBA

Quantitative analysis

Communication skills

Team player

Education

Postgraduate degree in a quantitative field

PhD/Master in physics, mathematics, engineering or MFE

Tools

Python

C++

VBA

Job description

Work Location: Toronto, Ontario, Canada Hours: 37.5 Line of Business: Analytics, Insights, & Artificial Intelligence Pay Details: 81,600 - 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: Position Summary

The Trading Risk Model Development group at TD is responsible for the development, maintenance, and calibration of market risk and capital (FRTB) models. We frequently interact with various groups within the bank, including Technology, Market Risk Control (MRC), Capital Market Risk Management (CMRM), Model Validation (MV), etc. We are looking for a strong candidate to join the group at Senior Analyst level (Junior/mid-senior). The successful candidate will work primarily with the TRMD team within Model Development (MD) to help carry out model calibration, backtesting, ad hoc tests and develop new methodologies and models for the measurement of market risk, as well as maintaining and improving methodologies of existing models.

Accountabilities

• Maintain the current market risk and capital models
• Develop new modeling methodologies for measuring market risk (e.g. FRTB, VaR)
• Perform ongoing and/or ad-hoc testing and model calibrations
• Interact with other business partners (e.g. Technology, MRC, CMRM, MV) to investigate and resolve modeling issues
• Communicate model risk and provide full transparency around the model assumptions and usage with various stakeholders
• Contribute to other one-time projects of the group

Qualifications

• At least 1 years of experience in a model development or model validation role for market risk, counterparty credit risk or pricing models for capital markets
• Postgraduate degree in a quantitative field is a must
• Strong analytical background, e.g. PhD/Master in physics, mathematics, engineering or Masters of Financial Engineering with appropriate experience
• Strong computational and programming knowledge (e.g. Python/C++/VBA)
• Solid understanding of fundamental concepts and technics in quantitative finance
• Strong interest in financial models and concepts
• Strong written and verbal communication skills is a must
• Strong team member with a focus on getting projects done effectively and efficiently
• CFA or FRM would be an asset
• Knowledge of VaR models would be an asset

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.

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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. 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 & 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

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Language Requirement (Quebec only):

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At TD we’re guided by our purpose to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and guide our behavior. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career and be part of our caring and inclusive culture.

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At TD, we’re committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We’re dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve.

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TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future. That’s why we launched the TD Ready Commitment in 2018, now a multi-year North American initiative. Under the TD Ready Commitment, we are targeting a total of C$1 billion by 2030 in community giving across four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It’s our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities. Learn more: Canada | US | Europe & Asia Pacific