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Manager, Model Validation

2 months ago


Toronto, Ontario, Canada TD Bank Full time

Work Location:

Canada

Hours:

37.5

Line of Business:

Risk Management

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 Description:

TD Model Validation (MV) group is part of the Model Risk Management (MRM) group and is responsible for the independent validation and approval of analytical models used for across a large range of use cases (risk, pricing, capital evaluation, marketing, insurance, wealth management etc.).

*Job Description:

The successful candidate will be a member of the Non-Retail Model Validation group responsible for validating a variety of quantitative and qualitative models used across the US and Canadian non-retail businesses. The position reports to the Senior Manager, Non-Retail Model Validation group within MV.

Detailed accountability includes:

  • Design testing strategies (e.g., sensitivity analysis, backtesting, scenario forecast, and quantitative / qualitative benchmark) to comprehensively assess the model performance and identify / recommend improvements.
  • Validate non-retail models in line with internal standards and industry best practices. The role focuses on stress-testing models used for Dodd-Frank Act Stress Tests (DFAST), Enterprise-Wide Stress-Testing (EWST) and Macro Stress-Testing (MST).
  • Develop benchmark models and / or independently replicate existing models.
  • Present model validation outcomes to senior executives.
  • Work effectively with different internal partners across the Model Development (MD) groups.
  • Coach team members on model validation approaches and modeling techniques.
  • Contribute to strategic initiatives to improve model validation processes (e.g., standardization, process optimization and automation)
  • Maintain / develop professional knowledge of techniques and developments in the field and share knowledge with business partners and senior management.

*Job Requirements:

Minimum

  • Robust quantitative skills with an advanced degree in one or more of the following areas: Financial Engineering, Mathematics, Statistics, Econometrics, Data Science, Computer Science & Engineering
  • Experience in model validation and / or model development within the banking or financial services industry.
  • Experience with non-retail stress-testing models (e.g., Pre-Provision Net Revenue, credit losses and operational losses) used in the US (e.g., CCAR/DFAST) and / or in Canada (MST and EWST) across a range of modeling techniques (qualitative and statistical)
  • Proficient in programming language, such as Python, R, MATLAB, SQL and SAS.
  • Ability to collaborate effectively with stakeholders of different backgrounds.
  • Team-oriented with sense of ownership and accountability
  • Excellent written and verbal communication skills, with the ability to articulate complex concepts and write comprehensive technical documents.
  • Effective time management and multitasking skills with minimal supervision
  • Strong conceptual problem-solving skills.

Preferred

  • CFA / CAIA / FRM / PRM

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.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing – and so will you.

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:
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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we're committed to helping you identify opportunities that support your goals.

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:

N/A.