Senior Analyst, Market Risk Modeling & Forecasting

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

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.