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financial statistician
Title posted on CareerBeacon - Quantitative Analyst I
Posted on November 29, 2024 by Employer details TD Bank
Job details
Work Location:Toronto, Ontario, CanadaHours:37.5Line of Business:Risk ManagementPay Details:$65,600 - $98,400 CADTD 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:Department Description:TD Model Validation (MV) group is responsible for the independent validation and approval of analytical models used for risk, pricing, hedging, and capital evaluation for portfolio of financial products. This also includes validation of decision-making models.Job Description:The position reports to Senior Manager, TBSM Model Validation group within MV. Detailed accountabilities include:Validate Treasury Models including large scale integration Models used for Treasury & Balance Sheet Management (TBSM) including Interest Rate Risk for Banking Book (IRRBB), Liquidity Risk Management, interest risk hedging and hedging accounting.Implement validation methodologies and standards. Ensure that the validation methodologies and standards align with industry best practice or address regulatory and audit requirements and/or findings in a timely manner.Actively participate with business partners in internal data management to ensure data integrity for model validation and development purpose, data governance for model operation, and meet regulatory requirements on data capture and retention.Assess the conceptual soundness of the model methodology including assumptions.Apply a variety of technical / statistic tests and modeling techniques to verify the accuracy of implementation and assess the model specification and performance.Evaluate and implement external models used for benchmarking internal model performance. Participate in model selection and related due diligence activity.Draft model validation report to decently summarize the validation review analysis and conclusion to support regulatory submission and potential audit questions. Validation report includes assessment of the model methodology, input quality, assumption reasonability, model performance testing results, and governance / control process.Maintain/develop professional knowledge of techniques and developments in quantitative analysis and share knowledge with business partners and senior management.The position involves working effectively with different internal partners such as Treasury & Balance Sheet Management Group (TBSM), Treasury and Analytics Group (TAG), Enterprise Non-Trading Market Risk (ENTMR), Enterprise Liquidity Risk (ELR), US Market Risk (USMR) and Internal Audit.Job Requirements:Solid quantitative skills with an advanced degree in one or more of the following areas: Financial Economics, Economics, Actuarial Science, Finance. Strong technical knowledge and experience with Python, SQL and SAS. Familiarity with JSON is an asset.Solid understanding / knowledge of Financial Statements, Corporate Finance.Experience in model development or validation with an advanced knowledge of testing techniques in large scale aggregation models; and familiarity with regulatory requirements on liquidity risk management and IRRBB is an asset. Knowledge and experience with databases and data structures is a plus.Strong analytical and problem-solving skills. High attention to details.Excellent verbal and written communication skills.Good time management and multitasking skills with minimal supervision.Who We Are:- LocationToronto, ON
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2104860
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