TD Bank

Modelling / Forecasting Senior Analyst (Quants)

TD Bank • $81K — $115K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Graduate degree in statistics, economics, or mathematics with 1-2 years of quantitative analysis experience.
  • Knowledge of financial markets, particularly fixed income portfolio management, hedging techniques, and valuation models.
  • Experience in model development or validation, particularly in stochastic processes and asset-backed securities.
  • Proficiency in C++/C#, VBA programming, and Microsoft Office (Excel, Word, PowerPoint).
  • Strong analytical and communication skills with a record of problem-solving.

Responsibilities

  • Develop rapid prototypes for quantitative valuation/risk models to hedge interest rate risk in banking products.
  • Conduct advanced portfolio analysis to evaluate risk drivers and model performance for diverse use cases.
  • Support and maintain the Canoe Aggregator models for Asset Liability Management, including change management and performance monitoring.
  • Research industry best practices for Interest Rate Risk in the Banking Book and ensure compliance with validation and regulatory standards.
  • Collaborate effectively with internal and external TBSM partners to ensure accurate model development and implementation.

Benefits

  • Commitment to fair and equitable compensation opportunities.
  • Opportunities for growth and skill development within the organization.
  • Support for progressive compensation based on role and performance.
Full Job Description
Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
Analytics, Insights, & Artificial Intelligence

Pay Details:
81,600 - 115,200 CAD

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:

Summary

The 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 transfer prices funds to the businesses. The Treasury Modelling in TBSM is responsible for ensuring appropriate quantitative methodologies and estimation approaches are in place to support Treasury and Balance Sheet Management as well as to advance the use of enhanced models and data-driven analytics to support the allocation of scarce financial resources (capital, liquidity, and funding) and improve decision making. Within the Treasury Modelling team, the Modeling Analytics and Development group supports the valuation and hedging of various bank products and option exposures in the Banking Book.

Responsibilities

The position reports to Senior Manager, Treasury Modelling team group within TBSM. Detailed accountabilities include:

  • 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 and model performance for various downstream use cases.
  • Support and maintain the Canoe Aggregator models used by TBSM for Asset Liability Management purposes, including its change management, finding closures, ongoing performance monitoring and methodology document update.
  • 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 Fund Transfer Pricing, 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

  • 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


Language Requirement (Quebec only):
Sans Objet

About TD Bank

TD Securities offers a range of advisory and capital market services to its clients. The company's range of services includes research, investment banking, capital markets, and global transaction banking. Research consists of commodity and equity research. Investment banking consists of mergers, acquisitions, industry expertise, and credit origination. Global transaction banking consists of trade finance, cash management, and correspondent banking. TD Securities was founded in 1855 and is based in Ontario.

TD Bank Careers

Join the vibrant team at TD Bank, one of North America's leading financial services organizations, where innovation, leadership, and growth go hand in hand. At TD Bank, we are committed to fostering a culture of diversity and inclusion, making it an ideal place for ambitious professionals to thrive. Work You’ll Do At TD Bank, your professional journey is bolstered by a robust support system. From your first interview to every career milestone, you will find opportunities for growth and leadership. Our team is dedicated to helping you develop the skills necessary for success in the ever-evolving financial sector. TD Bank offers a variety of job opportunities across multiple fields, from customer service to investment banking. Each position at TD Bank is a chance to contribute to our culture of innovation and exceptional client service. Internship Programs Kickstart your career with a TD Bank internship. Our programs provide invaluable industry exposure and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark in the banking industry. Interns at TD Bank enjoy the unique opportunity to work alongside seasoned professionals, gaining insights that are crucial for future employment. Benefits and Growth TD Bank is deeply committed to the well-being and continuous growth of our team members. We offer competitive benefits packages that cover health, finance, and family care. Our employees enjoy comprehensive health insurance, retirement plans, and generous paid time off, among other perks. Moreover, TD Bank encourages professional development through various training programs, including leadership development and diversity training. These initiatives ensure that our team remains at the forefront of industry standards and best practices. Join Our Team Explore the numerous career paths available at TD Bank and discover how your skills and interests align with our mission. We are actively hiring and continually looking for talented individuals who are passionate about banking and customer service. Networking and Professional Development At TD Bank, we believe in the power of networking and collaboration. Our employees have access to a wide range of networking events, workshops, and seminars that promote career development and professional growth. These platforms not only enhance your professional skills but also expand your industry connections. Stay Connected Keep up to date with the latest at TD Bank Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get the latest news, insider tips, and job opportunities delivered straight to your inbox. Explore job opportunities at TD Bank and be part of a team that values hard work, creativity, and a diverse workplace culture. Your next great career move is just a click away. SEARCH TD BANK JOBS Join us at TD Bank and let your ambition lead you to a rewarding career filled with opportunities to learn, grow, and innovate.
Learn more about TD Bank
Size
90,000 employees
Market Cap
$117.9 billion
Industry
Finance & Insurance
Net Income
-$6.9 million
5 Year Trend
+6.6%
* Ladders Estimates

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