Associate (Quantitative Risk Associates Program)

TD Bank

Oct 11, 2024

Applications are closed

Job
Full-time
Entry & Junior Level
Data
Banking & Finance
Toronto

Requirements

Strong quantitative background with advanced mathematical and/or statistical ability
Excellent problem-solving skills
Computational and programming skills (e.g., R, Python, SAS, Matlab, C++, C, among others)
Excellent verbal and written communication skills; can explain complex technical issues in everyday language
Strong time management skills with the ability to work independently when required
Fast learner who grasps new concepts and techniques quickly
Desire to work in a caring, respectful and inclusive environment where all employees are supported

Responsibilities

Build mathematical and statistical models for the North American profile of TD, both US and Canada. These models include credit risk (e.g., Probability of Default, Exposure at Default and Loss Given Default), operational risk and market risk models used for risk management, accounting, economic/regulatory capital and stress testing purposes
Assist in the development and testing of new modelling methodologies and effectively challenge these models through benchmark modelling, model validation and/or review within Internal Audit's model risk division
Prepare management summaries describing the mathematical analytics of models, validation techniques, test results and model limitations, including recommendations for further improvements
Help to manage the areas of risk and solvency assessment (ORSA), expected credit losses, asset and liability management along with liquidity
Participate in quantitative and qualitative validation efforts surrounding key processes including Internal Capital Adequacy Assessment Process (ICAAP), stress testing (DFAST/ EWST/MST) and regulatory capital
Liaise with other business partners to ensure timely delivery of new models and resolve modelling issues
Demonstrate governance, control and risk management in alignment with TD policies and practices
Work on challenging projects alongside experienced leaders in the field
Develop strong relationships to help identify collaborative opportunities and coordinating efforts with other Risk groups
Be supported by a robust team of colleagues, peers and advisors to ensure your growth, development and success

FAQs

What is the duration of the Associate (Quantitative Risk Associates Program)?

The program is a 24-month immersive rotational program.

When does the program start?

The program starts in January 2025 or July 2025.

What is the work location for this role?

The work location is in Canada, specifically Toronto.

What qualifications are required to apply for this position?

Candidates should have graduated between May 2023 and May 2025 with a graduate degree (Master’s or PhD) in a quantitative field such as mathematics, statistics, economics, finance, physics, engineering, or similar.

Are there any specific programming skills required for the role?

Yes, candidates should possess computational and programming skills in languages such as R, Python, SAS, Matlab, C++, and C, among others.

Is there an application deadline for this position?

Yes, the application deadline is October 23rd, 2024.

What materials should be included in the application?

Applications must include a transcript, cover letter, and a resume.

Are mentorship opportunities provided during the program?

Yes, the program includes executive mentorship and regular career development conversations.

What types of roles will participants rotate through during the program?

Participants will rotate through various quantitative departments including Model Development, Model Validation, Treasury and Balance Sheet Management, TD Insurance, TD Asset Management, TD Economics, and Internal Audit.

What is the expectation regarding the work hours?

The work hours are Monday to Friday, standard business hours, amounting to 37.5 hours per week.

Is there an emphasis on inclusivity within the organization?

Yes, TD is committed to fostering an inclusive, accessible environment where all employees and customers feel valued and respected.

What kind of training and onboarding can be expected?

The organization will provide training and onboarding sessions to ensure that new hires have everything they need to succeed in their roles.

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