Modelling / Forecasting Specialist (Quants)

6 months ago

Toronto, Canada TD Bank Full time

**Work Location**:
Toronto, Ontario, Canada

**Hours**:
37.5

**Line of Business**:
Data & Analytics

**Pay Details**:
**Department Overview**:
**The TDBG Retail Model Development (RMD) group is responsible for developing industry leading estimation approaches and deliver 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 and other stress scenarios.**

**The position reports to Senior Manager, Retail Model Development with the following accountabilities**:

- **Perform key tasks associated with climate risk model development including data mining and other exploratory data analysis, identify suitable modelling methodology based on academic and industry literature and assess model performance for stated usage.**
- **Support modeling activities through entire model lifecycle, including model implementation, execution of climate scenario analysis and assessment of produced results, support of validation and audit reviews, 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 development process, outlining key outcomes and opportunities for further enhancements.**
- **Establish and maintain productive working relations with key stakeholders through model lifecycle including Environmental, Social and Governance (ESG) Risk Management, Model Validation and Audit.**
- **Stay current in knowledge of credit risk management methodologies, predictive modeling, and statistical analysis, as well as applicable regulatory guidelines.**

**Requirements and/or qualifications**:

- **Strong statistical background, excellent analytical and independent problem solving skills with a graduate degree in statistics or related quantitative discipline**
- **Industry experience (with at least 2 years of experience) in model development or other quantitative role**
- **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 modelling**
- **Knowledge in retail banking products, customer behaviours, and credit adjudication systems 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 positive work environment that promotes service to the business innovation and teamwork**

**Experience and/or Education Requirements**:

- **Graduate degree in Statistics or related quantitative discipline (Mathematics, Actuarial Sciences, Econometrics, Computer Science, Operations Research or other related fields)**
- **Industry experience (with at least 2 years of experience) in model development or other quantitative role involving statistical modelling experience**
- **Previous experience with TD retail products or modelling would be a great asset.**
- **Previous experience with climate risk modelling 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.**

**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 fin

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