Risk Management Quantitative Associate Rotational

1 month ago

Toronto, Canada TD Bank Full time

418666BR

Campus Program

Toronto, ON

September 5, 2023

Campus Role Type

MBA and Advanced Degrees

Start Date
- Summer, - Winter

Hours

37.5

Workplace Model

Hybrid

Department Overview

Risk Management at TD Bank Group (TD) is the bridge between computational analysis and business best practices. Quantitative assessments play a key function within TD; these are actively used for developing, validating and managing models for risk, pricing, hedging and capital evaluation of the various portfolios and financial products of TD. In other words, it’s all about the numbers.

Our enterprise has seen strong growth in its quantitative departments over recent years, reflecting improvements to computational ability, data quality and volume, along with the banking industry’s increasing attention to understanding and managing model risk. Our department is a global function that partners with all lines of businesses within TD, touching over 1,800 employees in offices across the globe: Canada, United States, the UK and Singapore. We also work externally with regulators and industry groups to align with industry standards, and we benchmark ourselves against best practices.

Job Details

**About the Program**

If you have a sharp mathematical mind with an eye for finance, we want you to be part of our leadership rotational program.

In this program you’ll rotate across various quantitative departments within Risk Management areas every six months:

- Model Development
- Model Validation
- Treasury and Balance Sheet Management
- TD Insurance
- TD Asset Management
- TD Economics
- Internal Audit

We align rotation opportunities with our business strategies to ensure you work on the most important priorities.

**What You’ll Do**
No matter where you work at TD you’ll make a meaningful impact, grow your skills and thrive in our culture of care. Here’s what that means for each rotation in our program:
**Make an Impact**:

- Build mathematical and statistical models for the North American profile of TD, both US and Canada. These models include credit risk (e.g., Probability of Default, Exposure at Default and Loss Given Default), operational risk and market risk models used for risk management, accounting, economic/regulatory capital and stress testing purposes
- Assist in the development and testing of new modelling methodologies and effectively challenge these models through benchmark modelling, model validation and/or review within Internal Audit’s model risk division
- Prepare management summaries describing the mathematical analytics of models, validation techniques, test results and model limitations, including recommendations for further improvements
- Help to manage the areas of risk and solvency assessment (ORSA), expected credit losses, asset and liability management along with liquidity
- Participate in quantitative and qualitative validation efforts surrounding key processes including Internal Capital Adequacy Assessment Process (ICAAP), stress testing (DFAST/CCAR/EWST) and regulatory capital

**Experience Growth**:

- Liaise with other business partners to ensure timely delivery of new models and resolve modelling issues
- Demonstrate governance, control and risk management in alignment with TD policies and practices
- Work on challenging projects alongside experienced leaders in the field

**Cultivate our Culture of Care**:

- Develop strong relationships to help identify collaborative opportunities and coordinating efforts with other Risk groups
- Be supported by a robust team of colleagues, peers and advisors to ensure your growth, development and success

**Colleague Development**
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. Receive 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.

Job Requirements

**What You Need to Succeed**
We’re proud to work with a group of diverse colleagues. If you have relevant experience that isn’t mentioned below, tell us about it in your resume or cover letter.
- Strong quantitative background with advanced mathematical and/or statistical ability
- Excellent problem-solving skills
- Computational and programming skills (e.g., R, Python, SAS, Matlab, C++, C, among others)
- Excellent verbal and written communication skills; can explain complex technical issues in everyday language
- Strong time management skills with the ability to work independently when required
- Fast learner who grasps new concepts and techniques quickly
- Desire to work in a caring, r

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