Modelling / Forecasting Senior Analyst (Quants)

Description

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DEPARTMENT OVERVIEW

The Trading Risk Model Development group within Model Development is responsible for the development, maintenance and calibration of various Market Risk and Counterparty Credit Risk models. We interact with various stakeholders in the bank, including Technology, Market Risk, Product Control, Model Validation (MV), and TD Securities (TDS) to achieve our mandate.

JOB DETAILS

The Model Control Team within Trading Risk Model Development is responsible for model implementation testing, control function, and quantitative support for TDS Valuation and Market Risk models.

This Senior Analyst role within the Model Control team will help carry out model implementation testing, system release reviews, model governance support, and ad-hoc quantitative support for various business lines within TD Securities and Market Risk. Model implementation testing and system release review is a key control to ensure the models that are approved by Model Validation are implemented correctly in the TD production front-office and back-office risk management systems. The position will work closely with TDS Change Delivery team, Technology, Front Office Quant teams, Model Development teams, Model Validation (MV/MRM), Market Risk, Product Control, and related Line of Business Risk Management teams.

The role will involve the following:

• Create, maintain, and execute model implementation testing requirements and test strategies for pricing models used for TD Securities' trading portfolios (e.g. foreign exchange, commodities, interest rate, bonds, etc.), and integration with related input models (e.g. curves) and downstream market risk models (e.g. VaR, FRTB, Counterparty Credit Risk).
• Conduct quantitative analyses, investigation, and report issues that meet testing objectives within a timely and accurate manner.
• Provide quantitative support to model user stakeholders (e.g. Market Risk, Product Control) during the end-to-end testing phases in UAT/Pre-Production system environments.
• Provide timely updates on project test execution and status, blockers and findings to team management and various stakeholders.
• Identify and escalate issues to the appropriate individual(s)/group(s) to ensure prompt attention and resolution.
• Well-organized, great at team building, and maintaining stakeholder relationships.
• Staying energized, productive and focused in the face of challenges, ambiguity, change or strenuous demands.
• Build trust with stakeholder groups and maintain good working relationships with other departments.
• Part of an effective and diverse team to effectively deliver productivity, quality and innovation

QUALIFICATIONS / SKILLS / EXPERIENCES

• At least 1 year of experience related to model development, model validation, or model implementation for pricing models, market risk, or counterparty credit risk for financial derivatives and other products in the bank's trading portfolios.
• Strong knowledge and understanding of financial derivatives and statistical modelling approaches for various asset classes (e.g. Rates, Credit, FX, Commodities, Equities, etc.).
• Strong knowledge and hands-on experience using a common industry used programming language (e.g. VBA, Python, C++) in the context of data and statistical analysis.
• Solid understanding of fundamental concepts and techniques in quantitative finance and financial models.
• Experience in conducting user acceptance testing (UAT) including designing test strategy, test plan, and detailed test cases is an asset.
• Solid communication and interpersonal skills to build and maintain productive working relationships with various business partners across the Bank and on different levels of organization.
• Solid organizational skills to identify and track project status & blockers, ensure proper resolution of outstanding items, document meeting minutes and takeaways in a clear and concise manner.

EDUCATION REQUIREMENTS

• University degree in Quantitative Finance, Mathematics, Statistics, Engineering, Computer Science or related field. Postgraduate degree would be an asset.
• Industry certification (e.g. CFA, CSC, FRM) is also considered an asset

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 disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

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

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

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 (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Sans Objet