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Manager, Advanced Analytics (Quants)

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TD Bank

19d ago

  • Job
    Full-time
    Mid Level
  • Data
  • Toronto
  • Quick Apply

Requirements

  • Graduate degree in Statistics or related quantitative discipline (Mathematics, Actuarial Sciences, Econometrics, Engineering, Operations Research or other related fields).
  • Familiarity with quantitative finance modeling techniques commonly used in risk management (e.g., the Vasicek Model, the Merton model)
  • Industry experience (with at least 3 years of experience) in model development or other quantitative role involving statistical modelling experience.
  • Experience with climate risk modelling, particularly transition risk quantification, is a great asset.
  • Experience with TD's existing non-retail modelling is an asset.

Responsibilities

  • Perform key tasks associated with climate risk model development including identifying suitable modelling methodology based on academic and industry literature, investigate the applicability of leading industry methodologies for TD's existing model framework and design, and assess model performance for stated usage. The primary focus of the position will be on climate transition risk quantification.
  • Support modeling activities through the 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.

Application 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.

Finance
Industry
10,001+
Employees

Mission & Purpose

Headquartered in Toronto, Canada, the Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD had CDN$1.9 trillion in assets on July 31, 2023. TD also ranks among the world’s leading online financial services firms, with more than 16 million active online and mobile customers. TD offers a full range of financial products and services to over 27.5 million customers worldwide through four key business lines: - Canadian Personal and Commercial Banking including TD Canada Trust, Business Banking, and MBNA - U.S. Retail including TD Bank, America’s Most Convenient Bank, TD Auto Finance (U.S.), TD Wealth (U.S.) and TD’s investment in Schwab - Wealth Management & Insurance including TD Wealth (Canada), TD Direct Investing, and TD Insurance - Wholesale Banking including TD Securities and TD Cowen