Modelling/Forecasting Analyst

TD•Toronto, ON

4d•CA$69,700 - CA$98,400•Onsite

About The Position

The successful candidate will be a member of the TBSM MV group covering both quantitative and qualitative models designed for TBSM Liquidity Risk Management (LRM) in Canada and U.S. jurisdictions. The position reports to Senior Manager, Advanced Analytics – Liquidity Risk Management Model Validation.

Requirements

Advanced quantitative skills with post-secondary degree in one or more of the following areas: Statistics, Economics / Econometrics, Mathematics, Finance, Financial Engineering, and Financial Risk Management.
Strong technical knowledge and proficiency in programing languages, such as Python, SQL, SAS, and VBA.
Hands-on experience in developing and implementing statistical forecasting models (e.g., time-series model).
Solid knowledge in financial products / portfolios regarding cash flow patterns, key factors impacting cash flows, and their pricing / valuation approach.
Strong writing skills, especially technical writing, as well as excellent verbal communication skills are must-haves.
Strong analytical and problem-solving skills.
High attention to details.
Good time management and multitasking skills with minimal supervision.

Nice To Haves

CFA / FRM charter holder or candidate preferred.
Qualification data risk management or operational risk management field is an asset.
Experience developing AI agent workflows to increase productivity is considered an asset.
Relevant work experience in financial institution (FI): work experience in FI Treasury is an asset; work experience in business system analytics roles or in either developing or validating large banking treasury reporting system is an asset.
Familiarity with JSON and Scala is an asset.
Knowledge in financial / regulatory reporting in liquidity risk management is a plus.
Familiarity with data pipeline process, banking data infrastructure, and data control & governance is an asset.
Inquisitive nature and ability to ask the right questions and escalate issues; and risk & Control mindset with good business acumen is an asset.

Responsibilities

Support independent validation of TBSM Liquidity Risk Management (LRM) models developed or owned by TD Treasury and Balance Sheet Management (TBSM) group.
Execute a comprehensive validation testing plan to validate different LRM models, according to the enterprise model validation procedures.
Review US LRM's assessment of the measurement choices / definition and liquidity assumptions or business assumptions / decisions adopted by LRM model and Business Requirement Document (BRD) for model implementation to assess the consistency between BRD and US LRM approved approach.
Assess soundness of statistical / mathematic algorithm and choices of upstream valuation & cash flow generation models or customer behavior models according to US LRM approved LRM reporting methodology including assumptions.
Assess the data quality and input control / governance process to ensure the acceptance of the model inputs.
Conduct validation testing by incorporating comprehensive test cases to assess model implementation accuracy from data enrichment process to the final model outputs and model performance
Assess the adequacy of model governance and control
Develop a comprehensive issue log for questions / limitations identified during the validation process and effectively communicate with various stakeholders from 1st line with issue severity for appropriate resolution during the validation process.
Draft high quality model validation reports with adequate information and justification to support validation conclusions and Audit / regulator review / assessment of validation process and validation analysis.
Maintain / develop professional knowledge of techniques and developments in the quantitative analysis in LRM and liquidity risk management and share knowledge with business partners and senior management.
Support developing standards and procedures for vetting and validation that are compliant with Bank's internal model risk policy, adhere to industry best practices, and meet regulatory requirements.
Support senior management to prepare responses to requests from both Canadian and U.S. regulators, internal and external audit in their review / audit of risk models and vetting / validation process and procedures.
Work effectively with internal model development group, audit, and other internal partners to ensure risk models meet required Bank standards.