Senior Quantitative Analyst - Model Risk & Validation

TD Bank; Marlton (NJ); On-site; USD 76,000 - 124,000; Full time

Job summary

The Model Validation (MV) group is a centralized model risk management function within TD Bank. It vets and approves complex mathematical and statistical models used in credit lending, business operations, and stress testing, ensuring objective evaluation of models.

The MV team supports risk measurement and management across the TD Bank Group. Model validators perform validation of models in scope, focusing on credit risk scoring and regulatory stress testing, using traditional statistics and

Qualifications

• Undergraduate degree required; advanced technical degree preferred (e.g., math, physics, engineering, finance or computer science).
• Graduate's degree preferred with either progressive project work experience or 3+ years relevant experience.
• In-depth knowledge of q.

Responsibilities

• Provides financial, analytical, modeling expertise to build quantitative models for business projects
• Conducts complex quantitative analysis as it applies to areas of responsibility, generally aligned to specific transactions and products
• Performs statistical model assumptions' tests for soundness of model theory
• Hands on coding and building of quantitative models
• Reviews model results and identifies unexpected results
• Develops analyses of performance and predictive data
• Compiles and generates ad-hoc analytical reports
• May lead additional research efforts, applying expertise in statistical analysis and modeling
• Explores the best practice modeling techniques for model enhancement

Education

Undergraduate degree required; advanced technical degree preferred

Job description

The Model Validation (MV) group is a centralized model risk management function within TD Bank. It vets and approves complex mathematical and statistical models used in credit lending, business operations, and stress testing, ensuring objective evaluation of models.

The MV team supports risk measurement and management across the TD Bank Group. Model validators perform validation of models in scope, focusing on credit risk scoring and regulatory stress testing, using traditional statistics and