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Modelling / Forecasting Senior Analyst (Quants)

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TD Bank

Oct 12

  • Job
    Full-time
    Junior Level
  • Data
    Banking & Finance
  • Toronto
  • Quick Apply

AI generated summary

  • You need a graduate degree in statistics, economics, or math, 1-2 years of quantitative analysis experience, knowledge of financial markets, strong C++/C# and VBA skills, and excellent communication abilities.
  • You will support EIRM models, develop risk models, analyze portfolios, research best practices for IRRBB, and collaborate with various teams to ensure model accuracy and compliance.

Requirements

  • Strong quantitative skills with a graduate degree in one or more of the following areas: statistics, economics, and mathematics, with at least 1-2 years of experience in quantitative analysis / financial engineering.
  • Knowledge of financial markets as well as fixed income portfolio management and hedging techniques and valuation models.
  • Experience in model development or validation with an advanced knowledge of stochastic processes and fixed income and asset backed securities modelling an asset.
  • Solid skills in C++/C#, VBA programming and Microsoft Office tools (Excel, Word, Powerpoint)
  • Strong analytical & communication skills, and demonstrated track record of creative problem solving & solution development

Responsibilities

  • Support and maintain the Financial EIRM Aggregator models for premium/discount, fee and basis amortization purposes, including its model development documents, validation support, change management, finding closures, ongoing performance monitoring etc.
  • Develop rapid prototype for quantitative valuation/risk models for measuring and hedging the interest rate risk of retail, commercial and structured finance products in the Banking book.
  • Perform advanced portfolio analysis to understand the risk drivers, key model assumptions and model performance for various downstream Finance use cases.
  • Research industry best practices for measuring and hedging the Interest Rate Risk in the Banking Book (IRRBB) and address model validation, audit and regulatory requirements and/or findings in a timely manner. Good understanding of best practice in model governance, implementation standards, system change control process.
  • The position must work effectively with internal and external partners of TBSM, including Finance, Market Risk Measurement and Reporting Team, the Treasury Analytics Group, and the Model Validation and Management Team, to ensure the soundness and accuracy of the model development and implementation.

FAQs

What is the work location for this position?

The work location for this position is Canada.

What are the regular working hours for this role?

The regular working hours for this role are 37.5 hours per week.

What department does this position fall under?

This position falls under the Analytics, Insights, & Artificial Intelligence line of business.

What kind of compensation can I expect for this role?

We encourage candidates to have an open dialogue with a member of our HR Team regarding compensation-related questions, including pay details for this role.

What qualifications are required for this position?

A graduate degree in statistics, economics, or mathematics, along with 1-2 years of experience in quantitative analysis or financial engineering, is required.

Is programming experience necessary for this role?

Yes, solid skills in C++/C#, VBA programming, and proficiency in Microsoft Office tools are necessary.

What kind of projects will the Modelling / Forecasting Senior Analyst be involved in?

The analyst will support and maintain financial models, develop rapid prototypes for quantitative valuation/risk models, and perform advanced portfolio analyses, among other responsibilities.

Does TD Bank support career development for its employees?

Yes, TD Bank is committed to colleague development through regular performance conversations, mentorship, and access to online learning platforms.

Is there an interview process outlined for this position?

Yes, candidates of interest will be contacted to schedule an interview, and outcomes will be communicated to all applicants.

Are there any accommodations available during the interview process?

Yes, we encourage candidates to let us know if they require accommodations to participate throughout the interview process.

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TD Bank

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