TD Bank

Senior Credit Risk Analyst (ATH 5209)

TD Bank$81K — $115K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Post-secondary degree in Mathematics, Statistics, Economics, Computer Science, or Engineering.
  • Knowledge in retail banking products and the IFRS9 framework is advantageous.
  • Hands-on experience with Python, SAS, and SQL for data analysis is essential.
  • Familiarity with AI tools for process improvement is preferred.
  • Demonstrated strong analytical and problem-solving skills are required.
  • Excellent verbal and written communication skills are necessary.
  • Advanced skills in Excel, Word, and PowerPoint preferred.

Responsibilities

  • Lead comprehensive Expected Credit Loss (ECL) analysis for Retail Products.
  • Develop and maintain credit loss estimate techniques for allowance methodology.
  • Collaborate with Risk Management and Product partners for value-added analysis.
  • Address inquiries and analysis related to ECL from Risk business partners.
  • Support the management adjustment process within ECL reporting and forecasting.
  • Use analytical skills to interpret risk trends and explain drivers.
  • Establish and enhance governance control frameworks for audit standards.

Benefits

  • Opportunities for professional development within the financial sector.
  • A supportive team environment that promotes collaboration.
  • Flexible working hours to balance personal needs.
  • Access to advanced analytical tools and resources.
  • Potential growth and advancement within the organization.
Full Job Description
Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
Risk Management

Pay Details:
$81,600 - $115,200 CAD

Job Description:

Department Overview

Retail Risk Management is responsible for the development and execution of risk strategies and initiatives that assist our key business partners in achieving growth and profitability while maintaining the overall risk quality of lending portfolios. As part of RRM, the Credit Allowance Forecasting and Analysis team is responsible for Credit Loss Allowance across all Retail product portfolios. The mandate includes ownership of consolidated credit loss reporting, allowance forecasting and oversight of the Expected Loss models used for IFRS9 allowance, and analysis and insight on loss performance to ensure sufficient reserve set aside for Canadian Retail exposures.

Job Description

The primary function of this position includes performing IFRS 9 Expected Credit Loss (ECL) Analysis and Forecasting for TD Canadian Retail Credit Products. The role works closely with Retail Risk Management, Model Development & Model Validation, Model Monitoring, several internal and external control partners, and regulators with the following key accountabilities:
  • Lead the comprehensive ECL analysis for Retail Products, including attribution of key drivers, variable impact, and explanation of variances to inform management decision to ensure risks are only being taken that we understand
  • Develop and maintain credit loss estimate techniques to support key allowance methodology development
  • Work with our Risk Management and Product partners to research and develop value added analysis
  • Support all Risk business partner inquiries and analysis pertaining to ECL
  • Support the management adjustment process, a key process in the ECL reporting and forecasting
  • Be able to use analytical skills and business intuition to understand the scale of risk, identify risk trends, explain drivers to non-technical audience, and recommend a course of action.
  • Establish, maintain, and improve the management review and governance control framework to meet audit and accuracy standards
  • Support the ECL forecasting and planning methodology
  • Continue improving the BAU processes to support of IFRS9 reporting & forecasting.

Job Requirements
  • Post-secondary degree in a quantitative field such as Mathematics, Statistics, Economics, Computer Science and Engineering would be an asset
  • Knowledge in retail banking products, IFRS9 framework, allowance calculation, predictive modelling and forecasting is a definite asset
  • Excellent working knowledge and hands-on experience using Python, SAS and SQL in the context of data manipulation, data mining, and analysis
  • Good working knowledge of various AI tools for process enhancement is an asset
  • Demonstrated strong analytical, and problem-solving skills
  • Excellent verbal and written communication skills
  • Solid time management, organizational and multi-tasking skills
  • Able to learn new concepts and techniques quickly
  • Advance skills in Excel, Word, and PowerPoint combined with Copilot experience
  • Must be a good team player


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
Net Income
-$6.9 million
5 Year Trend
+6.6%

Similar Jobs

More Jobs at TD Bank

More Finance & Insurance Jobs

Find similar Senior Credit Risk Analyst (ATH 5209) jobs: