Senior Quantitative Analyst (US)

TD Bank•Mount Laurel, NJ

4d•Onsite

About The Position

The Model Risk Management department supports the effective oversight of model risk across TD’s U.S. operations. This position is within the Model Risk Governance team and is responsible for providing quantitative analysis and building advanced quantitative models to meet business requirements. The role also provides specialized quantitative analytical and modeling support to assigned lines of business and develops advanced quantitative models for product pricing, optimal pricing, and risk management.

Requirements

Undergraduate degree required.
In-depth knowledge of quantitative models and statistical analysis.
Ability to effectively interpret, select appropriate techniques, take independent action, communicate, and follow-through.
Strong communications skills, both written and verbal.
Strong interpersonal and consultative communication skills with well-developed presentation skills.
Ability to manage competing priorities effectively, making good decisions based on business priorities and objectives.
Practical knowledge of financial analysis techniques and methodologies.
Ability to employ complex analytical tools and statistics to perform analysis and forecasting of financial and other business information.
Proficiently use Microsoft Office tools to prepare and present analysis results to the audience.
Advanced skills in SAS and SQL.
Advanced level in statistical analysis and modeling tools.
Ability to exercise sound judgment in making decisions.
Ability to analyze complex information and develop plans to address identified issues.
Demonstrated skills in conflict resolution, strong intuitive judgment and negotiation/influencing skills, flexibility and adaptability to changing priorities in a fast-paced environment, along with a strong consultative approach.
Skill in collecting, organizing and analyzing complex or technical data.
Skill in using logic and reasoning to identify the strengths and weaknesses of alternative situations, conclusions or approaches to problems.
Skill in active learning by understanding the implications of new information for both current and future problem solving and decision making.
Skill in identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Skill in decision making by considering relative costs and benefits of potential actions and choosing the most appropriate option.
Ability to determine which issues to escalate versus to resolve independently, and provide suggestions for possible resolution.
Ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
Ability to evaluate documents for accuracy and legal conformance.
Ability to anticipate and diffuse problems before they occur.
Ability to conduct short-range and long-range business planning.
Ability to develop objectives, evaluate effectiveness and assess needs.
Ability to recognize, analyze and solve a variety of problems.
Ability to identify problems, evaluate alternatives and implement effective solutions.
Ability to implement new systems and procedures and to evaluate their effectiveness.
Ability to problem solve a variety of situations.
Ability to contribute to strategic direction of the function and provide advice to senior leadership.
Ability to think strategically and possess strong business acumen.
3+ years relevant experience.

Nice To Haves

Advanced technical degree preferred (e.g., math, physics, engineering, finance or computer science).
Graduate's degree preferred.
Governance and risk professional with strong execution, stakeholder coordination, and communication skills.
Support a broad portfolio of recurring MRM governance activities, including RCM, RCSA, governance reporting, issue management, controls, policy/framework updates, model inventory and attestation, regulatory change management, and DFAST/stress-testing readiness.
Help strengthen execution across TD programs where MRM has governance, oversight, reporting, or compliance responsibilities.

Responsibilities

Provides financial, analytical, and modeling expertise to build quantitative models for business projects.
Conducts complex quantitative analysis related to specific transactions and products.
Performs statistical model assumptions' tests for soundness of model theory.
Hands-on coding and building of quantitative models.
Reviews model results and identifies unexpected results.
May develop specialized analytical tools for projects or ongoing use.
Develops conclusions and courses of action to rectify discrepancies and analyses.
Develops and analyzes key metric and plan variances and related information.
Develops analyses of performance and predictive data.
Compiles and generates ad-hoc analytical reports.
May lead additional research efforts, applying expertise in statistical analysis and modeling.
Explores best practice modeling techniques for model enhancement.
Integrates knowledge of the enterprise sub-function’s or business line’s overarching strategy in developing solutions across multiple functions or operations.
Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services.
Acts as a technical expert / lead integrating cross-function understanding within their own field of specialty; may manage team(s) of related specialists.
Leads cross-functional teams or projects with significant resource requirements, risk and / or complexity.
Independently manages end-to-end functional programs.
Solves complex problems; leads efforts or partners with others to develop new solutions.
Uses sophisticated analytical thought to exercise judgement and identify solutions.
Supports the development, forecasting, and analysis of potential responses to regulatory inquiry related to models.
Develop and enhance quantitative pricing models.
Write computer code to implement new pricing models and enhancements to existing models.
Work with trading desks to perform analysis of financial markets using quantitative models.
Work with trading desks and risk management to perform analysis of financial product pricing and risk management using quantitative models.
Enhance model documentation to reflect new or improved models and model features.
Work with model risk management to get new models and features approved.
Assist in the analyses of model performance.
Develop and maintain strong business relationships with trading desks.
Contribute to various operational activities and processes as assigned.
Be knowledgeable of practices and procedures within own area of responsibility and keep abreast of emerging trends for own functional area.
Protect the interests of the organization – identify and manage risks, and escalate non-standard, high risk activities as necessary.
Conduct internal and external research projects; support the development / delivery of presentations / communications to management or broader audience.
Conduct reporting and / or meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices.
Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exists.
Acquire and apply expertise in the discipline, provide guidance, assistance and direction to others.
Identify, recommend and effectively execute standard practices applicable to the discipline.
Adhere to internal policies/procedures and applicable regulatory guidelines.
Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts.
Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite.
May lead work streams by acting as a project lead / subject matter expert for small scale projects / initiatives in accordance with project management methodologies.
Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues/ points of interest.
Support the team by continuously enhancing knowledge / expertise in own area and participate in knowledge transfer within the team and business unit.
Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques.
Participate in personal performance management and development activities, including cross training within own team.
Keep others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities.
Contribute to the success of the team by willingly assisting others in the completion and performance of work activities; provide training, coaching and/or guidance as appropriate.
Contribute to a fair, positive and equitable environment that supports a diverse workforce.
Act as a brand ambassador for your business area/function and the bank, both internally and/or externally.

Benefits

Base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan)
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
Reward and recognition
Regular development conversations
Training programs
Competitive benefits plan
Online learning platform
Variety of mentoring programs