Modelling​/Forecasting Senior Analyst; Quants

Position: Modelling / Forecasting Senior Analyst (Quants)
Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Analytics, Insights, & Artificial Intelligence Pay Details:81, CADTD 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.

Job Description:

Department Overview:

The Trading Risk Model Development group within Model Development is responsible for the development, maintenance and calibration of various Market, Stress Testing and Counter party Credit Risk models. We interact with various stakeholders in the bank to achieve our mandate.

Job Description:

We are looking for a strong candidate to join the Market Risk Stress Testing group. The successful candidate will analyze, develop, maintain and execute models and methodologies for projecting financial variables for internal and regulatory stress tests (DFAST, EWST, MST), and will also contribute to other development work to support our stakeholders.

Customer and Shareholder Accountabilities:

Research, develop, and implement new and improved modeling methodologies to project market risk variables required by the different Stress Testing programs.

Execute Stress Testing models during the stress testing cycles.

Maintain the current suite of models in accordance with established model lifecycle requirements.

Research and develop models and code solutions to support our stakeholders.

Document modeling methodologies in technical reports in a transparent and effective manner.

Liaise with other business partners (Model Validation, Enterprise Market Risk Control, TD Securities Technology, TD Economics, and various Stress Testing groups across the bank) to ensure timely delivery of new models/model methodologies, test the implementation of models in the bank's risk systems, and investigate/resolve modeling issues.

Analyze and provide commentary on pricing and stress testing models currently employed by TD.Adhere to the governance policies and procedures relevant to the team.

Employee/Team Accountabilities:

Continuously enhance knowledge / expertise in own area and keep current on emerging trends /developments and grow knowledge of the business, analytical tools and techniques.

Prioritize and manage own workload to deliver quality results and meet assigned timelines.

Support a positive work environment that promotes service to the business, quality, innovation, and teamwork and ensure timely communication of issues/ points of interest.

Identify and recommend opportunities to enhance productivity, effectiveness and operational efficiency.

Establish effective relationships across multiple business and technology partners, program and project managers.

Participate in knowledge transfer within the team and business units.

Communicate clearly and effectively with leadership and other stakeholders, including on complex technical subjects and model methodologies.

Job Requirements:

Graduate degree in quantitative finance and/or other relevant quantitative field.

Strong analytical background in quantitative finance and statistical modeling gained through practical experience and/or academic studies.

Knowledge of the valuation of financial derivatives and market risk modeling approaches for various asset classes (e.g. Rates, Credit, EQ, FX, etc.).Programming skills in R and Python; C ++ also an asset.

Strong team member with the ability to work effectively with colleagues and independently when required.

Good technical writing and verbal communication skills.

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…