Risk Management Quantitative Associate Rotational Program

The Toronto-Dominion Bank (Canada); Toronto; On-site; CAD 86,000 - 105,000; Full time

Job summary

The Toronto-Dominion Bank in Toronto, Ontario is launching a 24-month Risk Management Quantitative Associate Rotational Program designed to develop leaders through hands-on modeling across departments.

You’ll rotate every six months through Model Development, Validation, Treasury, Insurance, Asset Management, Economics and Internal Audit, building models, validating methodologies, and delivering management summaries while aligning with TD’s governance and risk practices.

Qualifications

• Advanced mathematical and statistical ability required.
• Strong programming and modelling experience.
• Ability to develop and validate quantitative models for risk management.

Responsibilities

• Develop and validate quantitative models across risk domains.
• Collaborate with cross-functional TD teams and stakeholders.
• Prepare management summaries describing analytics and model limitations.
• Support ICAAP, stress testing and regulatory capital processes.

Skills

Quantitative modelling

Statistics

Problem solving

Communication

Education

Master's degree in quantitative field

PhD in quantitative discipline

Tools

R

Python

SAS

Matlab

C/C++

Job description

Role Type: Masters and Advanced Degrees Work Location: Toronto, Ontario, Canada Hours: 37.5 Pay Details: $95,000 - $95,000 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.

DEPARTMENT OVERVIEW Risk Management at TD Bank Group (TD) is the bridge between computational analysis and business best practices. Quantitative assessments play a key function within TD; these are actively used for developing, validating and managing models for risk, pricing, hedging and capital evaluation of the various portfolios and financial products of TD. In other words, it's all about the numbers. Our enterprise has seen strong growth in its quantitative departments over recent years, reflecting improvements to computational ability, data quality and volume, along with the banking industry’s increasing attention to understanding and managing model risk. Our department is a global function that partners with all lines of businesses within TD, touching over 1,800 employees in offices across the globe: Canada, United States, the UK and Singapore. We also work externally with regulators and industry groups to align with industry standards, and we benchmark ourselves against best practices.

JOB DESCRIPTION

About the Program Through executive mentorship, the Risk Management Quantitative Associate Rotational Program is an immersive 24-month program designed to provide qualified and ambitious candidates the opportunity to step into our world. You’ll receive comprehensive experience developing, validating, implementing and managing quantitative models throughout the enterprise. The goal of the program is to develop candidates with the necessary experience and tools to become effective leaders within Risk Management. If you have a sharp mathematical mind with an eye for finance, we want you to be part of our leadership rotational program.

In this program you’ll rotate across various quantitative departments within Risk Management areas every six months:

• Model Development
• Model Validation
• Treasury and Balance Sheet Management
• TD Insurance
• TD Asset Management
• TD Economics
• Internal Audit

What You’ll Do

No matter where you work at TD, you’ll make a meaningful impact, grow your skills and thrive in our culture of care. Here’s what that means for each rotation in this program:

• Build mathematical and statistical models for the North American profile of TD, both US and Canada. These models include credit risk (e.g., Probability of Default, Exposure at Default and Loss Given Default), operational risk and market risk models used for risk management, accounting, economic/regulatory capital and stress testing purposes.
• Assist in the development and testing of new modelling methodologies and effectively challenge these models through benchmark modelling, model validation and/or review within Internal Audit’s model risk division.
• Prepare management summaries describing the mathematical analytics of models, validation techniques, test results and model limitations, including recommendations for further improvements.
• Help to manage the areas of risk and solvency assessment (ORSA), expected credit losses, asset and liability management along with liquidity.
• Participate in quantitative and qualitative validation efforts surrounding key processes including Internal Capital Adequacy Assessment Process (ICAAP), stress testing (DFAST / EWST / MST) and regulatory capital.
• Liaise with other business partners to ensure timely delivery of new models and resolve modelling issues.
• Demonstrate governance, control and risk management in alignment with TD policies and practices.
• Work on challenging projects alongside experienced leaders in the field.

Cultivate Our Culture of Care

Develop strong relationships to help identify collaborative opportunities and coordinate efforts with other Risk groups. Be supported by a robust team of colleagues, peers and advisors to ensure your growth, development and success.

COLLEAGUE DEVELOPMENT

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. Receive 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.

JOB REQUIREMENTS

What You Need to Succeed We’re proud to work with a group of diverse colleagues. If you have relevant experience that isn’t mentioned below, tell us about it in your resume or cover letter.

• Strong quantitative background with advanced mathematical and/or statistical ability.
• Excellent problem-solving skills.
• Computational and programming skills (e.g., R, Python, SAS, Matlab, C++, C, among others).
• Excellent verbal and written communication skills; can explain complex technical issues in everyday language.
• Strong time management skills with the ability to work independently when required.
• Fast learner who grasps new concepts and techniques quickly.
• Desire to work in a caring, respectful and inclusive environment where all employees are supported.

We welcome all applications; however, we will only contact qualified candidates chosen for an interview. We thank all applicants for their interest!

ADDITIONAL INFORMATION

Educational Requirements; Must be graduated between May 2025 and May 2027 with a Master’s or PhD in a quantitative discipline (mathematics, statistics, economics, finance, physics, engineering, or similar).

Program Location and Start Date: Toronto-based program which starts in July 2027. Candidates must have graduated prior to start (including final grades, excluding convocation).

Hours & Workplace Model

Monday–Friday, standard business hours.

INCLUSIVENESS

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs. We welcome all applications; however, we will only contact qualified candidates chosen for an interview.

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 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.

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

Sans Objet

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Our Values

At TD we’re guided by our purpose to enrich the lives 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.

Our Commitment to Diversity, Equity, and Inclusion

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.

TD Ready Commitment

Helping to Make an Impact in Communities – TD Ready Commitment 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