Senior Audit Group Manager, Global Models Audit

Senior Audit Group Manager, Global Models Audit page is loaded Senior Audit Group Manager, Global Models Audit Apply remote type Hybrid locations Toronto, Ontario time type Full time posted on Posted Yesterday job requisition id R_1347011

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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

Our team of trusted audit professionals interact with every part of the Bank to provide strategic guidance and independent oversight. Through due diligence, and with a strong sense of integrity, we help mitigate potential risks to our business. At the heart of audit is our specialization in all the businesses across the bank.

As part of the Internal Audit Division, the Global Models Audit team is responsible for assessing the design and operating effectiveness of controls designed for managing model risk across the Bank and evaluating compliance of the Bank’s model risk management practices with regulatory requirements as well as industry best practices. The team works with other audit teams and businesses/risk functions to assess risks associated with models that are applied in a variety of functions including valuation, risk management, regulatory capital, performance measurement of risk (i.e., Market Risk, Credit Risk, Liquidity Risk, etc.). The team also provides subject matter expertise on quantitative matters to all groups within Internal Audit.

Job Description

Reporting to the AVP, Global Models Audit, the Senior Audit Group Manager – Global Models Audit is responsible for planning, overseeing, and executing complex audits across different business units and risk functions with model risk management activities. The general accountabilities of this role include, but are not limited to, the following:

• Assist in developing the annual audit plan for the group, working closely with stakeholders across the division and with management to ensure adequate coverage of model risks and priority areas to the Bank
• Lead audit activities, including audit planning, fieldwork, reporting, continuous monitoring, and oversight of management remediation plans to address open issues
• Adhere to audit standards
• Be a strategic advisor to management and audit leadership, drawing on a solid understanding of the Bank's Model Risk Framework and Policy, and related regulatory requirements
• Act as thought leader and promote awareness of model risk management practices and expectations across the Audit Division
• Lead the team in meeting key internal deliverables and commitments, advising on adherence to Audit Division's methodologies, processes and procedures
• Maintain and monitor team scheduling and resourcing to ensure commitments to senior management are met in a timely and effective manner
• Coordinate the delivery of ad-hoc requests from internal partners and external regulators
• Build positive work environment, drive employee engagement and provide ongoing support such as Staff Development and Diversity & Inclusion initiatives

Job Requirements

• Advanced quantitative skills with post-secondary degree in one or more of the following areas: finance, mathematics, statistics, economics, financial engineering, computer science
• Deep knowledge and understanding of the fundamental concepts of modeling, model risk management and relevant risk management fields such as Credit, Market, Liquidity, Interest Rate, AML and Financial Crimes
• Excellent analytical skills and ability to effectively assess, challenge and articulate issues related to model risk such as model conceptual soundness, assumptions and intended usage
• Strong knowledge of financial products/portfolios regarding credit, pricing/valuation, liquidity, IRRBB as well as financial/regulatory reporting in CAR, CECL, FRTB and Stress Testing
• Proficient in relevant programming languages such as SAS and Python
• Strong ability to focus on what matters and translate complex technical/quant issues using simple terms in communication with senior management and stakeholders
• Good knowledge of the regulatory requirements related to model risk management and capital adequacy, and experience with the evolving landscapes of ESG and Artificial Intelligence/Machine Learning would be an asset
• Strong people management skills with demonstrated experience in leading high performing teams, proven ability to manage and motivate a diverse group of professionals
• Strong collaborator who engages colleagues, control partners and stakeholders cross-organizationally at varying levels
• Demonstrated relationship building skills, with the ability to make things happen through the use of positive influence
• Strong ability to stay resilient under pressure, focus on what matters and handle competing projects under tight deadlines
• Prior experience with risk management processes (e.g., credit, market, liquidity, interest rate, financial crimes, anti-money laundering, etc.) would be an asset

Education and Accreditation

Post-secondary degree in one or more of the following areas: finance, mathematics, statistics, economics, financial engineering, computer science

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:

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. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career and be part of our caring and inclusive culture.

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. We’re dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve.

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. That’s why we launched the TD Ready Commitment in 2018, now a multi-year North American initiative. Under the TD Ready Commitment, we are targeting a total of C$1 billion by 2030 in community giving across four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It’s our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities. Learn more: Canada | US | Europe & Asia Pacific