Modelling​/Forecasting Senior Analyst; Quants

Modelling / Forecasting Senior Analyst (Quants) - 3987 page is loaded## Modelling / Forecasting Senior Analyst (Quants) - 3987remote type:
On Site locations:
Toronto, Ontario time type:
Full time posted on:
Posted Todaytime left to apply:
End Date:
February 27, 2026 (27 days left to apply) job requisition :
R 1467515
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* Work Location:

** Toronto, Ontario, Canada
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* Hours:

** 37.5
** Line of Business:
** Analytics, Insights, & Artificial Intelligence
** Pay Details:**-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  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.
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* Job Description:

**** Department Overview :
** The Retail Expected Loss Model Development group within the TD Bank Group (TDBG) Model Development department is responsible for modelling credit risk in all TDBG retail credit product portfolios (including mortgages, home equity products, indirect auto loans, credit cards, and small business products).
** Job Description :
** In this position, the individual will be responsible for the development, initial validation, documentation, and support in all stages of audit, implementation and ongoing monitoring of account-level models for credit risk parameters (PD, EAD, and LGD) for all TDBG retail credit product portfolios. The individual will also be responsible for updating/re-developing existing models for these portfolios as required.

These predictive models serve as the basis for establishing default, exposure and loss parameter estimates for use in calculating Risk-Weighted Assets (RWA) for TDBG retail credit exposures under the Basel III AIRB approach. They will also be used to calculate loan loss allowance and economic capital for these portfolios, as well as calculate expected credit losses, RWA, loan loss allowance and economic capital under various macroeconomic scenarios included in the Bank's internal and regulatory stress tests.

The position will involve interactions with TDBG Model Validation, Model Risk Management, Internal Audit, and external auditors, as well as with the Bank's Canadian (OSFI) and US (OCC and FED) banking regulators, in order to support their review and approval process for the risk parameter models. The position will ensure compliance with the TDBG Model Risk Policy, Capital Model Approval Policy, Data Governance requirements, and other relevant policies and regulatory requirements.
The individual will closely work with and actively support TDBG Retail Risk Management, as well as retail credit product and finance areas by providing a deep analysis of credit risk drivers and parameters under various scenarios for the respective retail credit portfolios. This will entail discussing key observations and conclusions derived from the data analysis and modelling with the various retail credit product, finance, and risk management groups, and assisting these groups in managing product portfolio risk and profitability.

The individual will use leading-edge technologies and develop innovative solutions in the following areas:

- Data mining by making sense of large databases of historical data related to credit risk;

- Predictive credit risk modelling based on rigorous statistical analyses of historical data, regression techniques, and econometric analyses;

- The predictive models leverage both traditional statistical techniques as well as the new AI and machine-learning methodologies; and
- Estimating credit risk embedded in the Bank's retail credit product portfolios, as well as the amount of regulatory and economic capital the Bank needs to allocate against these portfolios.

This position provides excellent learning, working and career opportunities in a flexible, highly professional, and motivated team environment, as well as exposure to a variety of high-paced and intensive modelling projects and a variety of internal and external stakeholders.
** Job Requirements :
** This position requires a combination of dedication, extremely hard work, and attention to detail on one hand, as well as quick learning, creativity, and non-standard thinking on the other. The technical skills and experience required for this position include a strong mathematical, statistical, and computer science background, as well as experience with data mining and statistical modelling. This position also requires the ability to lead a model development project and guide modelling analysts and co-op students.

A successful candidate is…