Modelling / Forecasting Senior Analyst (Quants)

3 weeks ago

Golden Horseshoe Ontario, CA The Toronto-Dominion Bank Full time
Modelling / Forecasting Senior Analyst (Quants)

Work Location: Canada

Hours: 37.5

Line of Business: Data & Analytics

Pay Details: We’re committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.

Job Description:

Department Overview: The TDBG Retail Model Development (RMD) group is responsible for developing industry-leading estimation approaches and delivering actionable intelligence for retail credit portfolios for risk management and capital planning. This entails development, implementation, and maintenance of retail credit risk rating and parameter models (PD, EAD, and LGD) as well as their subsequent aggregation used for estimation of Risk-Weighted Assets (RWA) as required under the Basel II Retail Advanced Internal-Ratings Based (AIRB) approach, estimating allowance for expected credit losses for performing and impaired assets under IFRS9/CECL rules, and forecasting credit losses and capital requirements under various macroeconomic stress scenarios.

In this position, the individual will be responsible for:

  • Development of aggregation methodologies to support forecasting of Risk-Weighted Assets (RWA) under various forward-looking macroeconomic scenarios.
  • Supporting all relevant model lifecycle activities, including implementation and execution of stress testing cycles, review of results, support of validation and audit reviews, and remediation of identified model limitations.

Key Responsibilities:

  • Perform key tasks associated with model development including data mining and exploratory data analysis, identifying suitable modelling methodologies based on academic and industry literature, and assessing model performance for stated usage.
  • Support modeling activities through the entire model lifecycle, including model implementation, execution of stress testing cycles, assessment of produced results, support of validation and audit reviews, and remediation of identified model limitations.
  • Prepare detailed reports describing the statistical background of the selected model, rationalizing modelling choices, demonstrating model performance through testing performed, and outlining compliance with applicable regulatory guidelines.
  • Prepare management summaries highlighting key decisions made during the development process, outlining key outcomes and opportunities for further enhancements.
  • Establish and maintain productive working relations with key stakeholders throughout the model lifecycle.
  • Stay current in knowledge of credit risk management methodologies, predictive modeling, and statistical analysis, as well as applicable regulatory guidelines.

Requirements and Qualifications:

  • Strong statistical background, excellent analytical and independent problem-solving skills with a graduate degree in statistics or related quantitative discipline.
  • Hands-on experience with SAS and/or other sophisticated statistical model development tools (such as Python, R).
  • Experience with predictive model development and/or statistical scorecard modeling.
  • Proficiency in creating and manipulating large data sets for data mining and predictive statistical modeling.
  • Knowledge in retail banking products, customer behaviors, and credit adjudication systems is an asset.
  • Familiarity with existing regulatory standards (OSFI CAR Guideline) is an asset.
  • Excellent verbal and written communication skills to establish and maintain effective relationships across multiple business stakeholders.
  • Strong project management skills and ability to prioritize and manage workload based on assigned timelines.
  • Quick learner who grasps new concepts and techniques quickly.
  • Support a positive work environment that promotes service to the business, innovation, and teamwork.

Experience and Education Requirements:

  • Graduate degree in Statistics or related quantitative discipline (Mathematics, Actuarial Sciences, Econometrics, Computer Science, Operations Research, or other related fields).
  • Previous experience with TD retail products or modeling would be a great asset.
  • Previous experience with regulatory standards for Bank's capital requirements would be a great 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 deliver legendary customer experiences to 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 the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities, and colleagues.

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.

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.

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 to help us remove barriers so that you can participate throughout the interview process.

Language Requirement: N/A.

Our Values: At TD we’re guided by our purpose to enrich the lives of our customers, communities, and colleagues, and share a set of values that shape our culture and guide our behavior.

Our Commitment to Diversity, Equity, and Inclusion: At TD, we’re committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported.

Helping to Make an Impact in Communities – TD Ready Commitment: TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future.

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