Quantitative Analytics Specialist, TDS

TD Securities Limited; Toronto; On-site; CAD 120,000 - 150,000; Full time

Job summary

An established industry player is seeking a Quantitative Analytic Specialist to join their innovative QMA team in Toronto. This exciting role involves implementing cutting-edge valuation frameworks and pricing engines for financial derivatives using advanced C++ programming. You will collaborate with various teams to enhance models and ensure they meet the latest market practices. If you are passionate about quantitative finance and thrive in a dynamic environment, this opportunity offers a chance to make a significant impact while growing your career in a supportive and growth-oriented organization.

Benefits

Health and Well-being Benefits

Savings and Retirement Programs

Paid Time Off

Banking Benefits and Discounts

Career Development Programs

Training and Onboarding Sessions

Qualifications

• 3+ years experience in software development or quantitative analytics role.
• Strong mathematical modeling skills with financial derivatives experience.

Responsibilities

• Implement and maintain valuation frameworks for financial derivatives.
• Communicate effectively with clients regarding valuation behavior.

Skills

Mathematical Modeling

Stochastic Modeling

C++ Programming

Monte-Carlo Framework

PDE Framework

Communication Skills

Team Collaboration

Education

Master's or PhD in Quantitative Fields

Bachelor's Degree in Quantitative Areas

Tools

Jira

Version Control

Job description

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Work Location:
Toronto, Ontario, Canada
Hours:
37.5
Line Of Business:
TD Securities
Pay Details:
$120,000 - $150,000 CAD
This role is temporarily eligible for a pay premium above the posted salary range that is reassessed annually. You are encouraged to have an open dialogue with your recruiter who can provide more specific pay details for this role.

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.

Job Description:
COMPANY OVERVIEW
TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,900 professionals operating out of 32 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank.

Business Unit
The Quantitative Modeling and Analytics (QMA) team is responsible for the development, delivery, and support of financial engineering solutions, models and analytics to the Fixed Income, Credit and FX businesses. We work with the business and functional groups across TD Securities, to provide analytic solutions for various financial derivative products.

Job Description
Due to continuing business growth, we are looking for a L10 Quantitative Analytic Specialist to join the QMA team in Toronto as a quantitative modeling specialist. This individual will be responsible for a range of tasks including:

• Implement and maintain start-of-the-art valuation framework and pricing engines for financial derivatives in the C++ model library.
• Perform thorough literature review to ensure the models are kept abreast of latest market practices and different model methodologies have been weighed against their respective pros and cons before actual implementation.
• Document the implementation details in library codebase and in Model Development Report.
• Execute sufficient testing of the library updates prior to deployment.
• Partner with other areas in TDS including front office trading and sales desks, technology, risk management, treasury, finance, and compliance to deploy new or enhanced models to production.
• Communicate effectively with downstream clients when addressing enquiries on valuation behavior, issues and library updates.
• Maintain strong knowledge of current markets, trends and innovations.

Job Requirements
The successful candidate will demonstrate skills in several distinct areas including:

• Strong sense of mathematical modeling, with prior work experience in modeling of financial derivatives preferred.
• Solid understanding of stochastic modeling and curve construction.
• Experienced in implement and apply Monte-Carlo and/or PDE framework to mathematical problems such as pricing financial derivatives or xVA computations.
• Familiar with and comfortable to the standard software development process, including but not limited to version control, Jira ticket tracking and code reviews.
• Superior C++ programming skills with a record of consistent delivery.
• An advanced degree with minimum 3 years of experience in a software development or quantitative analytics role. Advanced degree can be a master or PhD in quantitative fields (e.g. Math, Physics, Engineering, Quantitative Finance). Alternatively, candidates with a bachelor's degree in quantitative areas plus 5-year related experience are also considered.
• Outstanding communication skills including but not limited to the ability to communicate complex mathematical formulations to desks and other business partners.
• Ability to work effectively in a team, support other team members in achieving project/business objectives and providing client services.
• Ability to respond quickly to urgent requests and work well in a fast-paced environment with attention to details.

Additional Information:
Join in on what others in TD Technology Solutions are doing:

• Inspire a positive work environment and help champion quality, innovation, teamwork and service to the business.
• Learn voraciously, stretch your thinking, share your knowledge and educate others.
• Communicate and collaborate with both technical and non-technical professionals.
• Cultivate winning relationships by building trust with business and technology partners.
• Share our commitment to productivity, effectiveness and operational efficiency.

Who We Are:
TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.
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

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Research, Analyst, and Information Technology
• Investment Banking

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