Modelling / Forecasting Senior Analyst (Quants)

TD•Toronto, ON

7d•CA$81,600 - CA$115,200•Onsite

About The Position

The Model Governance & Management (MGM) group within Market Risk & Model Development in Risk Management is committed to providing accurate and timely retail risk quantification solutions supporting the Canadian Banking, Auto Finance and Wealth Risk Management (CBAW) business lines. The Model Monitoring team is part of the Model Governance & Management (MGM) and 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 a number of external business partners.

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.

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. This includes 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. Material is shared with internal and external stakeholders.
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.
In addition to BAU work, MM will be focused on the following transformative initiatives: Exploring MGM's model monitoring mandate to cover other risk models within CBAW RM. Working with Layer 6 AI model development on deploying model monitoring for machine learning models used within CBAW RM. Enhanced monitoring to mitigate pandemic impact on models. Migrating from existing SAS platform to the new MLE platform in 2024-2025.