Modelling / Forecasting Senior Analyst (Quants)

TD•Toronto, ON

2d•CA$81,600 - CA$115,200•Onsite

About The Position

The Model Monitoring team, part of the Model Governance & Management (MGM) group within Market Risk & Model Development in Risk Management, is responsible for Expected Loss model and Scorecard model monitoring, and related change management, and control function (Audit, SOX, etc.) and regulatory support for Canadian Retail and Small Business Banking product portfolios. This position works closely with MGM teams, Retail Model Development (MD), Layer 6 (L6), Model Validation (MV), Model Risk Management (MRM), Line of Business Risk Management teams, and external business partners. Key accountabilities include assisting in Model Monitoring code development, maintenance, and enhancements, including code reviews. The role also involves assisting in the development and ongoing improvement of MGM’s Model Monitoring and Governance Framework, including monitoring activities related to Model Performance Monitoring (Accuracy, Discrimination, Performance Trending Analysis) and Population and Characteristic Stability Analysis. The analyst will support multiple ad-hoc requests relating to model performance, annual model reviews, ongoing model validations, and compiling material for executive committee meetings and dashboard reporting. Additionally, the role supports coordinating the collection of evidence and closure of MV, Audit, and Regulatory findings, and adheres to TD and industry best practices and standards for project management (PMLC). Major programs include exploring the model monitoring mandate for other risk models within CBAW RM, working with Layer 6 AI model development on deploying model monitoring for machine learning models, enhanced monitoring to mitigate pandemic impact on models, and migrating from the existing SAS platform to the new MLE platform in 2024-2025.

Requirements

Strong working knowledge and preferably three or more years of extensive hands-on experience using SAS, SQL, and Python in the context of data manipulation, data mining, and statistical analysis.
Experience working in both operational and project environments
Strong problem-solving skills
Good inter-personal skills to build and maintain productive working relationships with various business partners across the Bank and on different levels of organization.
Strong communication skills (both written and oral)
Ability to manage multiple initiatives and priorities, ensuring critical deadlines are met
Undergraduate degree in Mathematics, Statistics, Economics, Engineering, or similar disciplines.

Nice To Haves

Understanding of basic retail credit risk drivers would be an asset
Understanding of scorecard models would be an asset
Understanding of account management, adjudication, and collection strategies would be an asset
Understanding of regulatory programs such as Basel and IFRS9 would be an asset
Postgraduate degree would be an asset.
SAS certification would be considered an asset.
PRMIA, GARP, CPA or similar accreditation is also considered an asset.

Responsibilities

Assist in Model Monitoring code development, maintenance, and enhancements, including code reviews, as required.
Assist in the development and ongoing improvement of MGM’s Model Monitoring and Governance Framework.
Monitoring activities relating to the execution and documentation of: Model Performance Monitoring (Accuracy, Discrimination, Performance Trending Analysis) Population and Characteristic Stability Analysis Data Monitoring
Support multiple ad-hoc requests relating to model performance, working closely with partners in MV, MRM, MD and MGM.
Support Annual Model Reviews and Ongoing Model Validations, ensuring concise and accurate quantitative analysis and documentation is delivered in a timely fashion for MD, MV, and MRM for review.
Support compiling material for executive committee meetings, status meetings, and dashboard reporting.
Support coordinating the collecting of evidence and closure of MV, Audit and Regulatory findings.
Adhere to TD and industry best practices and standards for project management (PMLC).
Assisting in other areas within the Model Governance & Compliance space, as requested