TD Bank

Quantitative Analytics Specialist (Stress Testing Model Development) - SAS/Python

TD Bank • $96K — $144K *
Wilmington, DE 19805In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Master's degree in statistics, math, econometrics or engineering required; PhD preferred
  • 2-3+ years of quantitative model development experience, particularly in CCAR/PPNR/DFAST modeling
  • Proficiency in SQL, SAS, Python, or R
  • Strong understanding of banking business and industry-related data
  • Effective communication skills for conveying complex technical concepts to varied stakeholders

Responsibilities

  • Develop and enhance quantitative models for forecasting balance and fee income
  • Conduct complex quantitative analysis relevant to assigned models or portfolios
  • Lead modeling efforts and coordinate activities within the team
  • Review model results to identify discrepancies and ensure soundness
  • Provide training and mentoring to junior team members

Benefits

  • In-office work environment in Wilmington, DE or Mount Laurel, NJ
  • Supportive team culture promoting continuous learning and professionalism
  • Opportunity to work on high-impact projects in risk management
  • Engagement with senior leadership and cross-functional teams
  • Development of specialized analytical tools and methodologies
Full Job Description
Work Location:
Wilmington, Delaware, United States of America

Hours:
40

Pay Details:
$96,130 - $144,190 USD

Line of Business:
Risk Management
Job Description:

Position Overview:

This position will support TD Bank's treasury model development team in developing quantitative models to forecast balance and fee income for various loan and deposit products. (Note: this is an in-office position in our Wilmington, DE or Mount Laurel, NJ office; "NOT" Remote eligible)

Preferred Qualifications:
  • Quantitative academic background: Master's degrees in statistics/math, econometrics, engineering, etc. (PhD preferred but not required)
  • 2 to 3+ years of experience in developing Quantitative Models (CCAR/PPNR/DFAST modeling experience for Stress Testing is a big plus).
  • Strong hands-on expertise with SQL/SAS/Python/R.
  • Deep knowledge in banking business and familiar with the banking industry data.
  • Proven ability to communicate complex technical concepts to business partners, senior leadership, and regulators.
  • Proven experience working effectively in cross functional environments, collaborating across business, risk, technology, and compliance teams.


The Quantitative Analytics Specialist provides the quantitative analysis and builds the advanced quantitative models to meet business requirements. In addition, the Quantitative Analyst provides highly specialized quantitative analytical and modeling support at the assigned line(s) of business and Lead the development and enhancement of advanced quantitative models to enable efficient pricing and risk management of business products. Provide analysis through in-depth understanding of the models, markets and business to help drive business results, strategy and decision making.

Depth & Scope:
  • Provides financial, analytical, modeling expertise to build quantitative models for business projects
  • Conducts complex quantitative analysis as it applies to areas of responsibility, such as a specific model or portfolio
  • In-depth understanding of the whole function and/or key business areas supported
  • Performs statistical model assumptions' tests for soundness of model theory
  • Hands on modeling in the entire life cycle
  • Leads activities of unit, assigning, prioritizing and monitoring work
  • Reviews model results and identifies unexpected results
  • Provides training and mentoring for new and less experienced staff
  • Resolves escalated issues and problems by conferring with staff
  • Provides financial, analytical, planning, and forecasting expertise to assist in the development and completion of projects
  • Develops specialized analytical tools for projects or ongoing use
  • May manage the development of conclusions and courses of action to rectify discrepancies as well as analyses to be presented to management for aid in decision-making processes
  • May lead additional research efforts, applying expertise in statistical analysis and modeling.
  • Explores best practice modeling techniques for model enhancement
  • Develops and maintains strong business relationships with business line management
  • Highly seasoned professional role requiring substantial knowledge / expertise in a complex field and knowledge of broader related areas
  • Integrates knowledge of the enterprise sub-function's or business line's overarching strategy in developing solutions across multiple functions or operations
  • Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services
  • Acts as a technical expert / lead integrating cross-function understanding within their own field of specialty; may manage team(s) of related specialists
  • Leads cross-functional teams or projects with significant resource requirements, risk and / or complexity
  • Independently manages end-to-end functional programs
  • Solves or may lead others to solve complex problems; leads efforts or partners with others to develop new solutions
  • Uses sophisticated analytical thought to exercise judgement and identify solutions
  • Impacts the achievement of sub-function or business line objectives within the area they are accountable for
  • Work is guided by policies and industry standards/methods
  • Communicates difficult concepts; converts information to compelling business context and advice; influences and gains alignment across increasingly senior stakeholders
  • Works autonomously as the lead and guides others within area of expertise


Education & Experience:
  • Undergraduate degree required, advanced technical degree preferred (e.g., math, physics, engineering, finance or computer science) Graduate's degree preferred with either progressive project work experience or
  • 5+ years relevant experience, In-depth knowledge of quantitative models and statistical analysis
  • Proven interpersonal and consultative communication skills with well-developed presentation skills
  • Ability to successfully plan, develop, lead, and execute projects
  • Ability to effectively interpret, select appropriate techniques, take independent action, communicate, and follow-through
  • Proven ability to manage competing priorities effectively, making good decisions based on business priorities and objectives
  • Comprehensive practical knowledge of quantitative forecasting models, financial analysis techniques and methodologies
  • Demonstrated knowledge of financial analysis and planning software applications
  • Proven ability to employ complex analytical tools and statistics to perform analysis and forecasting of financial and other business information
  • Proficiently use Microsoft Office tools to prepare and present analysis results to the audience
  • Ability to exercise sound judgment in making decisions
  • Ability to analyze complex information and develop plans to address identified issues
  • Demonstrated skills in conflict resolution, strong intuitive judgment and negotiation/influencing skills, flexibility and adaptability to changing priorities in a fast-paced environment, along with a strong consultative approach
  • Skill in collecting, organizing and analyzing complex or technical data
  • Skill in using logic and reasoning to identify the strengths and weaknesses of alternative situations, conclusions or approaches to problems
  • Skill in active learning by understanding the implications of new information for both current and future problem solving and decision making
  • Skill in identifying complex problems and reviewing related information to develop and evaluate options and implement solutions
  • Skill in decision making by considering relative costs and benefits of potential actions and choosing the most appropriate option
  • Ability to determine which issues to escalate versus to resolve independently, and provide suggestions for possible resolution
  • Ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events)
  • Ability to evaluate documents for accuracy and legal conformance
  • Ability to anticipate and diffuse problems before they occur
  • Ability to conduct short-range and long-range business planning
  • Ability to develop objectives, evaluate effectiveness and assess needs
  • Ability to recognize, analyze and solve a variety of problems
  • Ability to identify problems, evaluate alternatives and implement effective solutions
  • Ability to implement new systems and procedures and to evaluate their effectiveness
  • Ability to problem solve a variety of situations
  • Ability to contribute to strategic direction of the function and provide advice to senior leadership
  • Ability to think strategically and possess strong business acumen
  • Advanced skills in SAS and SQL
  • Advanced level in statistical analysis and modeling tools


Customer Accountabilities:
  • Understands and supports the Bank's Customer Service Strategy
  • Considers the impact of decisions on the well-being of TD, its Customers and stakeholders
  • Provides the highest level of Customer service when dealing with internal partners, vendors or our Customers - WOW at every opportunity
  • Models quality service delivery at every interaction
  • Leads and contributes to the ongoing improvement of the partner / Customer experience
  • Provides senior level support in the identification and assessment of risks and recommends policies for modelling these risks
  • Provide financial, analytical, planning, and forecasting expertise to assist in the development and completion of relevant model development or validation projects
  • Perform quantitative analysis, programming and computer modelling related to the research of consistent operational risk measurements across broad range of relevant products
  • Conduct complex quantitative analysis as it applies to areas of responsibility, such as a specific model or portfolio
  • Apply in-depth understanding of the whole function and/or key business areas supported in the development or validation of complex models
  • Provide financial, analytical, modeling expertise to build quantitative models for financial regulatory projects
  • Perform quantitative model assumptions' tests for soundness of model theory
  • Review model results and identifies unexpected results.
  • Resolve escalated issues and problems by conferring with staff
  • Develop specialized analytical tools for projects or ongoing use
  • May manage the development of conclusions and courses of action to rectify discrepancies as well as analyses to be presented to management for aid in decision-making processes
  • May assist with creation and oversight of model documentation, as necessary
  • May lead additional research efforts, applying expertise in quantitative analysis and modeling
  • Explore best practice modeling techniques for model enhancement
  • Perform analysis of model risk and valuation calculations as applied to current markets, explain and validate results with trading management, and justify or remediate any observed anomalies
  • Provide training and mentoring for new and less experienced staff
  • Develop and maintain strong business relationships with trading desks and business line management
  • Assists in the development, forecasting, and analysis of potential responses to regulatory inquiry related to models


Shareholder Accountabilities:
  • Adhere to enterprise frameworks or methodologies that relate to activities for our business area
  • Ensure respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities
  • Consistently exercise discretion in managing correspondence, information and all matters of confidentiality; escalate issues where appropriate
  • Ensure business operations follow applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
  • Participate in cross-functional / enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations
  • Conduct internal and external research projects; support the development/ delivery of presentations / communications to management or broader audience
  • Conduct meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices
  • Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exists
  • Lead / facilitate and/or implement actions / remediation plans to address performance / risk /governance issues
  • Actively manage relationships within and across various business lines, corporate and/or control functions and ensure alignment with enterprise and/or regulatory requirements
  • Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
  • Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite


Employee/Team Accountabilities:
  • Be engaged in advancing and sustaining a unique, inclusive culture that reflects TD's diversity agenda, and create an extraordinary employee experience
  • Participates fully as a member of the team and contribute to a positive work environment
  • May provide leadership, training, and guidance to other team members
  • Ensures ongoing communication with the team on the status / progress of projects and issues / points of interest
  • Actively shares information and knowledge, and proactively learn from the expertise of others
  • Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues/ points of interest
  • Provide thought leadership and/ or industry knowledge for own area of expertise in own area and participate in knowledge transfer within the team and business unit
  • Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques
  • Participate in personal performance management and development activities, including cross training within own team
  • Keep others informed and up-to-date about the status / progress of projects and / or all relevant or usefu

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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