Hybrid Senior Quantitative Analyst

at TD

• Job title: Senior Quantitative Analyst
• Job type: Full Time
• Experience level: Senior
• Salary: CA$76,800 - CA$115,200 per year
• Degree requirement: Postgraduate Degree
• Tech skills: Python
• Location requirements: Hybrid, Toronto, Canada

About the role

• Model Validation Analyst validating mathematical models in the banking sector. Engaging with internal and external teams to assess model accuracy and compliance.

Responsibilities

• Perform validation of all models deemed in-scope by the bank-wide Model Risk Policy.
• Develop independent benchmarks for use in the validation of models.
• Assess the appropriateness, reasonableness of model assumptions, and accuracy of model implementation.
• Prepare detailed reports describing the mathematical analytics of the model, validation techniques employed, test results obtained, and any model limitations noted.
• Prepare Management summaries highlighting the outcome of the validation process for each model and outlining recommendations for approval or further improvements.
• Establish and maintain productive working relations with internal model development groups and external vendors.
• Identify the need to implement new models/techniques for risk management as industry standards evolve and regulatory requirements change.

Requirements

• Strong statistical background and excellent analytical and problem solving skills with a graduate degree in one or more of the following areas: statistics, economics, finance, mathematics, computer science and engineering.
• 3-5 years of experience with model development/validation, including machine learning models, dealing with PPNR stress testing, scorecard and/or capital models
• Hands-on experience with relevant programming languages, such as Python, SAS, R is a must
• Knowledge in retail banking products, customer behaviours, and macroeconomic impacts is a definite asset
• Excellent verbal and written communication skills
• Good time management and multitasking skills
• Quick learner who grasps new concepts and techniques quickly
• Must be a good team player

Benefits

• health and well-being benefits
• savings and retirement programs
• paid time off
• banking benefits and discounts
• career development
• reward and recognition programs