Modelling / Forecasting Senior Analyst (Quants)

Join to apply for the Modelling / Forecasting Senior Analyst (Quants) role at TD Securities . Pay Details : 76,800 - 115,200 CAD Work Location : Toronto, Ontario, Canada Hours : 37.5 per week Line Of Business : Analytics, Insights, & Artificial Intelligence TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role. Job Description TD Model Validation (MV) group is responsible for the independent validation and approval of analytical models used for risk, pricing, hedging, and capital evaluation for portfolio of financial products. This also includes validation of decision‑making models. The position involves working effectively with different internal partners such as Treasury & Balance Sheet Management Group (TBSM), Treasury and Analytics Group (TAG), TD Insurance and Internal Audit. The Successful Candidate Will Be a Member Of The TBSM MV Group Covering Both Quantitative And Qualitative Models Designed For TBSM Customer Behaviour IRRBB And Stress Testing In Canada And US Jurisdictions (i.e., US DFAST, EWST, BoC MST). The Position Reports To Manager / Senior Manager, TBSM Model Validation Group Within MV. Validate Customer Behaviour forecast Models for Treasury & Balance Sheet Management BAU usage (FTP pricing, IRRBB) and Stress Testing usage. Sometimes the successful candidate might also help with TD Insurance model validation projects as well. Propose in‑depth testing plan per the Enterprise Model Validation Procedure and high‑quality issue log to ensure the validation project goes smoothly and the critical findings/issues identified are communicated with 1st line effectively and timely. Evaluate the conceptual soundness of the model methodology through literature review and assessment of the reasonabilities of the assumptions to be consistent the nature of the business to ensure the model methodology aligns with industry best practice. Assess the data quality and input control / governance process to ensure the acceptance of the model inputs. Conduct validation testing following the validation testing plan accurately to assess the model performance, including but not limited to back‑testing, sensitivity testing, stability testing, and independent benchmark model analysis. Properly archive the testing results subject for future audit and/or regulatory review. Draft high‑quality model validation report to decently summarize the validation review analysis and conclusion to support regulatory submission and potential audit questions. Validation report includes assessment of the model methodology, input quality, assumption reasonability, model performance testing results, and governance / control process. Maintain/develop professional knowledge of techniques and developments in the field of quantitative analysis and share knowledge with business partners and senior management. Become a domain expert to provide structural feedback to the business / 1st line to different stakeholders to achieve in time validation work. Job Requirements Solid quantitative skills with an advanced degree in one or more of the following areas: Economics, Financial Economics, Statistics, Econometrics. 1–3 year modelling experience in Bank / Insurance Company / Pension Plan / Consulting Firm. Outstanding new graduate exempted. Solid understanding on Statistical Modelling and Banking Financial Instruments / Products. Knowledge on Corporate Finance, Financial Statements is an asset. Strong technical knowledge and experience with programming / coding, i.e., R, Python, or SAS. Experience in model development or validation is an asset. Familiarity with regulatory requirements on IRRBB and/or Stress Testing is an asset. Knowledge and experience with treasury modelling is a plus. Understanding of treasury concepts and ability to conduct economic reasoning. Strong writing skills, especially technical writing, as well as excellent verbal communication skills are must‑have. Inquisitive nature, ability to ask the right questions and escrow issues. Risk & Control mindset with good business acumen is an asset. Strong analytical and problem‑solving skills. High attention to details. Good time management and multitasking skills with minimal supervision. 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 have 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 Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements. 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. Language Requirement (Quebec Only) Sans Objet #J-18808-Ljbffr