Modelling / Forecasting Senior Analyst (Quants)
About The Position
The Trading Risk Model Development group at TD is responsible for the development, maintenance, and calibration of market risk and capital (FRTB) models. We frequently interact with various groups within the bank, including Technology, Market Risk Control (MRC), Capital Market Risk Management (CMRM), Model Validation (MV), etc. We are looking for a strong candidate to join the group at Senior Analyst level (Junior/mid-senior). The successful candidate will work primarily with the TRMD team within Model Development (MD) to help carry out model calibration, backtesting, ad hoc tests and develop new methodologies and models for the measurement of market risk, as well as maintaining and improving methodologies of existing models.
Requirements
- At least 1 years of experience in a model development or model validation role for market risk, counterparty credit risk or pricing models for capital markets
- Postgraduate degree in a quantitative field is a must
- Strong analytical background, e.g. PhD/Master in physics, mathematics, engineering or Masters of Financial Engineering with appropriate experience
- Strong computational and programming knowledge (e.g. Python/C++/VBA)
- Solid understanding of fundamental concepts and technics in quantitative finance
- Strong interest in financial models and concepts
- Strong written and verbal communication skills is a must
- Strong team member with a focus on getting projects done effectively and efficiently
Nice To Haves
- CFA or FRM would be an asset
- Knowledge of VaR models would be an asset
Responsibilities
- Maintain the current market risk and capital models
- Develop new modeling methodologies for measuring market risk (e.g. FRTB, VaR)
- Perform ongoing and/or ad-hoc testing and model calibrations
- Interact with other business partners (e.g. Technology, MRC, CMRM, MV) to investigate and resolve modeling issues
- Communicate model risk and provide full transparency around the model assumptions and usage with various stakeholders
- Contribute to other one-time projects of the group
Benefits
- health and well-being benefits
- savings and retirement programs
- paid time off
- banking benefits and discounts
- career development
- reward and recognition programs
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
