Senior Quantitative Analyst (US) - PPNR-Model Validation

TD Bank•Mount Laurel, NJ

6d•Onsite

About The Position

The Senior Quantitative Analyst is expected to independently assess the design, performance, and implementation of Pre-Provision Net Revenue (PPNR) forecasting and stress testing models to ensure they are conceptually sound, fit for purpose, and compliant with internal model risk management standards and regulatory expectations. This role provides financial, analytical, and modeling expertise to build quantitative models for business projects, conducts complex quantitative analysis, and performs statistical model assumptions' tests for soundness of model theory. The role involves hands-on coding and building of quantitative models, reviewing model results, and identifying unexpected results. It may involve developing specialized analytical tools, conclusions, and courses of action to rectify discrepancies. The analyst will develop and analyze key metric and plan variances, performance and predictive data, and compile ad-hoc analytical reports. This is a highly seasoned professional role requiring substantial knowledge and expertise in a complex field, integrating knowledge of the enterprise sub-function’s or business line’s overarching strategy. The analyst interprets internal/external business challenges and recommends best practices to improve products, processes, or services. They act as a technical expert, integrating cross-function understanding and may manage teams. The role involves leading cross-functional teams or projects with significant resource requirements, risk, and complexity, and independently managing end-to-end functional programs. Complex problems are solved, and new solutions are developed. The position impacts the achievement of sub-function or business line objectives and is guided by policies and industry standards. Communication involves conveying difficult concepts, converting information into compelling business context and advice, and influencing senior stakeholders. The role operates autonomously as a lead, guiding others within their area of expertise, and handles all but the most complex issues independently.

Requirements

Undergraduate degree required, advanced technical degree preferred (e.g., math, physics, engineering, finance or computer science)
Graduate's degree preferred with either progressive project work experience or 3+ years relevant experience
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
Performing sedentary work – Continuous
Performing multiple tasks – Continuous
Operating standard office equipment - Continuous
Sitting – Continuous
Concentrating for long periods of time – Continuous
Applying common sense to deal with problems involving standardized situations – Continuous
Reading, writing and comprehending instructions – Continuous
Adding, subtracting, multiplying and dividing – Continuous

Nice To Haves

Advanced technical degree preferred (e.g., math, physics, engineering, finance or computer science)
Responding quickly to sounds – Occasional
Standing – Occasional
Walking – Occasional
Moving safely in confined spaces – Occasional
Lifting/Carrying (under 25 lbs.) – Occasional
Squatting – Occasional
Bending – Occasional
Reaching forward – Occasional

Responsibilities

Evaluate model methodology, assumptions, and design to ensure conceptual soundness and alignment with intended use.
Assess the quality, relevance, and appropriateness of model development data, model construction, and segmentation.
Conduct or review testing to evaluate model performance, robustness, and the reasonableness of outputs under various scenarios.
Verify model implementation accuracy and assess the adequacy of performance monitoring frameworks and controls.
Provide independent challenge to model developers and track identified issues through remediation and resolution.
Prepare validation reports and communicate key findings, limitations, and conclusions to stakeholders.
Perform periodic validations to ensure continued model suitability and identify emerging risks.
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.
Explore the best practice modeling for model enhancement.
May develop specialized analytical tools for projects or ongoing use.
Enhance model documentation to reflect new or improved models and model features.
Work with model risk management to get new models and features approved.
Review model results and identify unexpected results.
May develop conclusions and courses of action to rectify discrepancies and analyses.
Assist in the analyses of model performance.
Develop and maintain strong business relationships with trading desks.
Support the development, forecasting, and analysis of potential responses to regulatory inquiry related to models.
Contribute to various operational activities and processes as assigned.
Consistently exercise discretion in managing correspondence, information and all matters of confidentiality; escalate issues where appropriate.
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
Training programs
Online learning platform
Mentoring programs