Research Associate, Quantitative Research Team TD Asset Management

Work Location:

Toronto Ontario Canada

Hours:

37.5

Line of Business:

TD Wealth

Pay Details:

$110000 - $150000 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

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 at TD. Our 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 candidates 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:

TD Asset Management (TDAM) a member of TD Bank Financial Group is a leading North American investment manager offering progressive investment solutions to both institutional and individual investors. For over two decades the organization has established competitive market positions in active quantitative and passive portfolio management. As of December 31 2025 TDAM and its affiliates manage over $508 billion in assets on behalf of pension insurance endowment/foundation and corporate clients as well as high-net worth clients and retail mutual funds.

In attaining this client commitment TDAM has built one of Canadas largest and most respected investment management and research teams with more than 220 Portfolio Managers Associate Portfolio Managers Traders and attaining this client commitment TDAM has built one of Canadas largest and most respected investment management and research teams with more than 220 Portfolio Managers Associate Portfolio Managers Traders and Analysts.

TD Asset Management is looking for a Research Associate tojoin our Quantitative Research team in Montreal or Toronto. The candidate will be responsible for the research development testing implementation and the maintenance of the quantitative equity return forecasting (alpha) models. They will also potentially assist the risk forecasting process the development of new products and the client reporting. The candidate will use a variety of quantitative techniques: from traditional statistical methods to factor modeling and advanced machine learning. The role requires strong teamwork and the ability to perform effectively under pressure in a fast-paced working environment with attention to details.

Responsibilities:

• Apply specialized skills and fundamental data science methods such as predictive factor modeling time series forecast or deep learning to build new equity returns forecasting models.

• Properly test document and vet the models as per regulatory and audit requirements.

• Continuously monitor the model performance for each strategy based on market conditions.

• Periodically review the existing alpha models and make changes if necessary.

• Work closely with the data team portfolio managers and risk management team to investigate and fix issues with the alpha models as an important component in the quant investment process.

• Support the client portfolio and relationship management teams for ad-hoc analysis.

• Make internal or external presentations to colleagues consultants and clients.

• Write research articles or white papers.

Job Requirements

We are looking for a recent university graduate with a strong technical and quantitative expertise a propensity for teamwork and a demonstrated ability to communicate effectively.

The ideal candidate will have the following:

• Master or Ph. D in Finance Economics or in a related quantitative field such as Mathematics Statistics Data Science Physics Engineering etc. (e.g. MSc MBA or MA).

• Excellent programming skills using Python and related packages.

• Working knowledge of agentic AI systems including the ability to design deploy and effectively leverage AI agents to automate workflows support decision-making and enhance productivity.

• Ability to write complex queries to extract and transform data from a SQL server.

• Strong knowledge of financial markets especially equities.

• Solid knowledge of stochastic calculus time series probability theory and statistics.

Additional relevant skills

• Financial experience: factor models econometrics fundamental analysis portfolio optimization.

• Academic or industry training in AI machine learning or deep learning.

• Programming experience with MATLAB or R.

• Knowledge of risk models such as BARRA APT Northfield Axioma etc. and risk metrics and methods such as VaR and stress testing models.

• Familiarity with Visual Studio Code (VS Code) and GitHub.

• CFA designation or working towards obtaining it.

• Bilingual (English/French)

Who We Are:

TD is one of the worlds 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 95000 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. Learn more

Additional Information:
Were delighted that youre considering building a career with TD. Through regular development conversations training programs and a competitive benefits plan were 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 youre interested in a specific career path or are looking to build certain skills we want to help you succeed. Youll 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 youre 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.

Were 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 youve got everything you need to succeed in your new role.

Interview Process
Well 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 youd 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

Required Experience:

IC

Employment Type : Full-Time
Experience: years
Vacancy: 1
Monthly Salary Salary: 110000 - 150000