Senior Manager, Advanced Analytics (Quants) (2121)

Work Location: Toronto, Ontario, Canada

Hours: 37.5

Line of Business: Analytics, Insights, & Artificial Intelligence

Pay Details: $108,800 - $163,200 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.

Job Description:

Department Overview

The Model Validation (MV) group in Enterprise Risk, Risk Management is responsible for the independent validation and approval of all analytical models used for pricing, hedging and risk and capital evaluation of financial products and portfolios of financial products.

Job Description

The position reports to AVP, TBSM / Finance / TDAM/TDI Model Validation group. Detailed accountabilities include:

1. Lead a team of quantitative professionals to validate the Liquidity Risk Management (LRM) models developed or owned by TD Treasure and Balance Sheet Management (TBSM) group.

   1. Work with team to develop an effective and efficient validation testing plan based on structure/design of different aggregation system and complete validation in time to support various Liquidity Risk Management initiatives and regulators' (i.e. OSFI, Fed's, OCC, and EBA) requirements.

   2. Supervise team's validation work to ensure capture all material & critical model limitations and execution/implementation accuracy of the validation testing.

   3. Support team to have effective communication with different stakeholders from 1st line and in-time solve model limitations/issues to meet validation lead time target.

   4. Work with team to deliver high quality model validation reports with adequate information and justification to support validation conclusions and Audit/regulator review/assessment of validation process and validation analysis.

2. Recommend the approval of the models or other corrective actions based on the independent vetting and validation.

3. Maintain full professional knowledge of techniques and developments in the quantitative analysis in LRM & liquidity risk reporting and share knowledge with business partners and senior management.

4. Assume a leadership role in developing standards and procedures for vetting and validation that are compliant with the Bank’s internal Model Risk Policy, adhere with industry best practices, and meet regulatory requirements.

5. Lead and develop internal team.

   1. Ensure performance objectives are set for internal staff and that performance feedback is provided on a regular basis.

   2. Communicate group objectives and strategies and align team activities in support of business objectives.

   3. Support employee development activities, coach, and support direct reports in meeting their personal development objectives.

6. Respond to requests from both Canadian and U.S. regulators, internal and external audit in their review/audit of risk models and vetting/validation process and procedures. Provide information and assistance as required.

7. Work effectively with internal model development group, Audit, and other internal partners to ensure risk models meet required Bank standards for use.

Job Requirements

• Advanced quantitative skills with post-secondary degree in one or more of the following areas: finance, financial engineering, statistics, economics/econometrics, mathematics.

• In-depth knowledge of financial products/portfolios regarding cash flow pattern and requirement, key factors impacting cash flow, and their pricing/valuation approach as well as financial/regulatory reporting in liquidity risk management.

• 4 years + Experience in either developing or validating large TBSM reporting systems in liquidity risk management and 1 year + Experience in managing a small team.

• Proficient in relevant programming languages such as SAS in MLE, SQL, and Python. Familiarity with JSON is an asset.

• Excellent verbal and written communication skills.

• Excellent time/project management and multitasking skills with minimal supervision.

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 deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world.

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.

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.

Accommodation
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