Work Location:Toronto, Ontario, Canada
Hours:37.5
Line of Business:Analytics, Insights, & Artificial Intelligence
Pay Details:81,600 - 115,200 CAD
Job Description:SummaryThe Treasury and Balance Sheet Management (TBSM) department of TD Bank manages TD's non-trading market risk, liquidity risk, capital, investment portfolios, wholesale funding programs, pension plans, and fund transfer pricing to the businesses. The Treasury Applied Research team is responsible for ensuring appropriate models and quantitative methodologies are in place to support TBSM's broad accountabilities as well as to advance the proper usage of quantitative models and data-driven analytics to support the allocation of scarce financial resources (capital, liquidity and funding) and improve decision making. Within the Treasury Applied Research team, the Valuation Model Development team supports the valuation/pricing model methodology and development for various asset and liability positions on TD's balance sheet, as well off-balance sheet products such as interest rate hedging instruments and related derivatives.
Responsibilities The position reports to Senior Manager, Treasury Applied Research within TBSM. Detailed accountabilities include:
- Provide quantitative modelling support to TBSM Business As Usual (BAU) activities, strategic TBSM projects/initiatives, Treasury stress testing (DFAST/EWST/MST), and Hedging Accounting, etc.
- Research industry best practices and support the development of quantitative valuation models for measuring and hedging the interest rate risk of retail, commercial and structured finance products in the Banking book.
- Work on MDR/AMR/OMR model submission to meet TD's internal model risk management requirement. Address model validation, internal/external audit and regulatory requirements and/or findings in a timely manner.
- Work effectively with internal and external partners of TBSM, including Front Office, the Investments Team, the 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
Qualifications/Competencies - Experience in Model Development and/or Model Validation is desirable.
- Experience in fixed income, structured product, market risk related area is a plus.
- Experience in QRM, INTEX, and other financial vendor platforms is a plus.
- Strong Technical writing skills, especially on financial model documentation.
- Strong quantitative skills with a graduate degree in one or more of the related areas such as mathematics, physics, computer science, statistics, and 1-3 years of experience in quantitative analysis / financial engineering is ideal.
- Experience using coding languages such as C++/C#, Python, R, VBA programming is a plus.
- Strong analytical & communication skills and demonstrated track record of creative problem solving & solution development.
- High level of self-motivation
Our Total Rewards PackageOur 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:We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.
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.
If you're passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.
We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.
Training & OnboardingWe 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.
We look forward to hearing from you!
Language Requirement (Quebec only):Sans Objet
