Senior Manager, Advanced Analytics - Trading Surveillance & Insider Risk (US)

TD • Mount Laurel Township, NJ

28d • Onsite

About The Position

The Model Validation (MV) group in Enterprise Risk, Risk Management is responsible for the independent validation and approval of all analytical models used for TD. The position reports to AVP, TBSM / FCRM/ TDAM/TDI Model Validation group. Detailed accountabilities include: Lead a team of quantitative professionals to validate Financial Crime Risk Management (FCRM) models for Trading Surveillance and Insider Risk Management Work with team to develop an effective and efficient validation testing plan based on design of different FRCM models and complete validation in time to support various business initiatives and regulators requirements. Supervise team's validation work to ensure capture all material & critical model limitations and execution / implementation accuracy of the validation testing. Support team to have effective communication with different stakeholders from 1st line and in-time solve model limitations / issues to meet validation lead time target. Work with team to deliver 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. Recommend the approval of the models or other corrective actions based on independent vetting and validation. Maintain full professional knowledge of techniques and developments in FCRM modeling for Trading Surveillance and Insider Risk Management and share knowledge with business partners and senior management. Assume a leadership role in developing standards and procedures for vetting and validation that are compliant with the Bank’s internal Model Risk Policy, adhere with industry best practices, and meet regulatory requirements. Lead and develop internal team. Ensure performance objectives are set for internal staff and that performance feedback is provided on a regular basis. Communicate group objectives and strategies and align team activities in support of business objectives. Support employee development activities, coach, and support direct reports in meeting their personal development objectives. Respond 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. Provide information and assistance as required. Work effectively with internal model development group, Audit, and other internal partners to ensure risk models meet required Bank standards for use. Depth & Scope: Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required Oversees and leads a large and/or highly complex and diverse reporting function for an area of significant risk, complexity or scope Strategic partner to leadership team on the management of the portfolio and financials, with deep industry, external/internal, enterprise knowledge, recognizing and anticipating emerging trends and identifies operational efficiencies and opportunities with other business management/enterprise areas Facilitates key strategic discussions and provides thought leadership to executive audience (output may include strategic roadmap and/or deliverables/frameworks short to long term goals etc.) Sets operational team direction and collaborates with others to execute on common goals Focuses on longer-range planning for functional area (e.g. 12 months or greater)

Requirements

• Undergraduate degree or advanced technical degree preferred (e.g., math, physics, engineering, finance or computer science)
• Graduate's degree preferred with either progressive project work experience, or;
• 7+ year of relevant experience; higher degree education and research tenure can be counted

Nice To Haves

• Graduate's Degree preferred (e.g., computer science / engineering, statistics, math, financial engineering) with either progressive project work experience
• Experience in either developing or validating FRCM models with exposure in AI / ML modelling; and
• Experience in managing a small team.
• In-depth knowledge of FCRM modeling for Trading Surveillance and Insider Risk Management, Trading Strategy and Algorithm, and FI operations
• Proficient in relevant programming language & software such as, Python, H2O.AI, Scala, etc.
• Excellent verbal and written communication skills
• Excellent time / project management and multitasking skills with minimal supervision.

Responsibilities

• Lead a team of quantitative professionals to validate Financial Crime Risk Management (FCRM) models for Trading Surveillance and Insider Risk Management
• Work with team to develop an effective and efficient validation testing plan based on design of different FRCM models and complete validation in time to support various business initiatives and regulators requirements.
• Supervise team's validation work to ensure capture all material & critical model limitations and execution / implementation accuracy of the validation testing.
• Support team to have effective communication with different stakeholders from 1st line and in-time solve model limitations / issues to meet validation lead time target.
• Work with team to deliver 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.
• Recommend the approval of the models or other corrective actions based on independent vetting and validation.
• Maintain full professional knowledge of techniques and developments in FCRM modeling for Trading Surveillance and Insider Risk Management and share knowledge with business partners and senior management.
• Assume a leadership role in developing standards and procedures for vetting and validation that are compliant with the Bank’s internal Model Risk Policy, adhere with industry best practices, and meet regulatory requirements.
• Lead and develop internal team.
• Ensure performance objectives are set for internal staff and that performance feedback is provided on a regular basis.
• Communicate group objectives and strategies and align team activities in support of business objectives.
• Support employee development activities, coach, and support direct reports in meeting their personal development objectives.
• Respond 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. Provide information and assistance as required.
• Work effectively with internal model development group, Audit, and other internal partners to ensure risk models meet required Bank standards for use.
• Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
• Oversees and leads a large and/or highly complex and diverse reporting function for an area of significant risk, complexity or scope
• Strategic partner to leadership team on the management of the portfolio and financials, with deep industry, external/internal, enterprise knowledge, recognizing and anticipating emerging trends and identifies operational efficiencies and opportunities with other business management/enterprise areas
• Facilitates key strategic discussions and provides thought leadership to executive audience (output may include strategic roadmap and/or deliverables/frameworks short to long term goals etc.)
• Sets operational team direction and collaborates with others to execute on common goals
• Focuses on longer-range planning for functional area (e.g. 12 months or greater)

Benefits

• Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees