Senior Manager, Advanced Analytics (Quants) (1321)

TD; Canada; On-site; CAD 108,000 - 164,000; Full time

Job summary

An established industry player is seeking a talented individual to lead a team of quantitative professionals in validating financial models. This role involves developing validation testing plans, supervising team efforts, and ensuring compliance with regulatory requirements. The successful candidate will have advanced quantitative skills, a strong background in finance, and the ability to communicate effectively with various stakeholders. Join a dynamic environment that values professional development and offers a comprehensive rewards package to support your career growth and well-being.

Benefits

Health and well-being benefits

Savings and retirement programs

Paid time off

Career development programs

Banking benefits and discounts

Qualifications

• 4+ years in accounting advisory or auditing large financial systems.
• In-depth knowledge of IFRS9 / US GAAP / CECL.

Responsibilities

• Lead a team to validate finance models for reporting and planning.
• Deliver high-quality model validation reports for audit review.

Skills

Advanced quantitative skills

Excellent verbal and written communication skills

Time/project management skills

Proficient in SQL

Proficient in Python

Education

Post-secondary degree in finance

Professional certifications in accounting/finance

Tools

SQL

Python

JSON

Job description

Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
Analytics, Insights, & Artificial Intelligence

Pay Details:
$108,800 - $163,200 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.

Job Description:

Department Overview

The Model Validation (MV) group in Enterprise Risk, Risk Management is responsible for the independent validation and approval of all analytical models used for pricing, hedging and risk and capital evaluation of financial products and portfolios of financial products.

Job Responsibilities

• Lead a team of quantitative professionals to validate the Finance models for financial reporting and financial planning.
  • Develop an effective validation testing plan based on the structure/design of different aggregation systems and complete validation in time to support various business initiatives and accounting/regulatory requirements.
  • Supervise the team's validation work to ensure capture of all material & critical model limitations and execution/implementation accuracy of the validation testing.
  • Facilitate effective communication with different stakeholders to resolve model limitations/issues in a timely manner.
  • Deliver high-quality model validation reports with adequate information and justification to support validation conclusions and audit/regulatory review/assessment.
• Recommend the approval of the models or other corrective actions based on the independent vetting and validation.
• Maintain professional knowledge of techniques and developments in quantitative analysis in financial reporting and planning, sharing knowledge with business partners and senior management.
• Develop standards and procedures for vetting and validation compliant with the Bank's internal Model Risk Policy and regulatory requirements.
• Lead and develop the internal team.
  • Set performance objectives for internal staff and provide regular performance feedback.
  • Communicate group objectives and align team activities with business objectives.
  • Support employee development activities and coach direct reports in meeting their personal development objectives.
• Respond to requests from Canadian and U.S. regulators, internal and external audit in their review/audit of risk models and vetting/validation process and procedures.
• Work effectively with internal model development group, Audit, and other internal partners to ensure risk models meet required Bank standards for use.

Job Requirements

• Advanced quantitative skills with a post-secondary degree in finance and professional certifications in accounting/finance.
• In-depth knowledge of IFRS9 / US GAAP / CECL and financial planning.
• 4+ years of experience in accounting advisory services or auditing/vetting large financial reporting systems and financial planning models for large financial institutions and banks; and 1+ years of experience in managing a small team.
• Proficient in relevant programming languages such as SQL and Python; familiarity with JSON is an asset.
• Excellent verbal and written communication skills.
• Excellent time/project management and multitasking skills with minimal supervision.

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 deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States, and around the world.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them 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.

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.

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 to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!