Risk Management Quantitative Associate Rotational Program

Type: Masters and Advanced Degrees 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.

DEPARTMENT OVERVIEW   Risk Management at TD Bank Group (TD) is the bridge between computational analysis and business best practices. Quantitative assessments play a key function within TD; these are actively used for developing, validating and managing models for risk, pricing, hedging and capital evaluation of the various portfolios and financial products of TD. In other words, it's all about the numbers .   Our enterprise has seen strong growth in its quantitative departments over recent years, reflecting improvements to computational ability, data quality and volume, along with the banking industry’s increasing attention to understanding and managing model risk. Our department is a global function that partners with all lines of businesses within TD, touching over 1,800 employees in offices across the globe: Canada, United States, the UK and Singapore. We also work externally with regulators and industry groups to align with industry standards, and we benchmark ourselves against best practices.

About the Program   Through executive mentorship, the Risk Management Quantitative Associate Rotational Program is an immersive 24-month program designed to provide qualified and ambitious candidates the opportunity to step into our world. You’ll receive comprehensive experience developing, validating , implementing and managing quantitative models throughout the enterprise. The goal of the program is to develop candidates with the necessary experience and tools to become effective leaders within Risk Management.   If you have a sharp mathematical mind with an eye for finance, we want you to be part of our leadership rotational program.   In this program you’ll rotate across various quantitative departments within Risk Management areas every six months:   Model Development   Model Validation   Treasury and Balance Sheet Management   TD Insurance   TD Asset Management   TD Economics   Internal Audit   We align rotation opportunities with our business strategies to ensure you work on the most important priorities.

No matter where you work at TD, you’ll make a meaningful impact, grow your skills and thrive in our culture of care. Here’s what that means for each rotation in this program:   Make an Impact   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