Work Location:Toronto, Ontario, CanadaHours:37.5Line of Business:Analytics, Insights, & Artificial IntelligencePay Details:$108,800 - $163,200 CADThis role is eligible for a discretionary variable compensation award that considers business and individual performance.TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.Job Description:Department OverviewThe Model Validation (MV) group in Enterprise Risk, Risk Management is responsible for the independent validation and approval of all analytical models used for pricing, hedging and risk and capital evaluation of financial products and portfolios of financial products.Job DescriptionThe position reports to AVP, TBSM / Finance / TDAM/TDI Model Validation group. Detailed accountabilities include:Lead a team of quantitative professionals to validate the Liquidity Risk Management (LRM) models developed or owned by TD Treasure and Balance Sheet Management (TBSM) group. Work with team to develop an effective and efficient validation testing plan based on structure / design of different aggregation system and complete validation in time to support various Liquidity Risk Management initiatives and regulators' (i.e. OSFI, Fed's, OCC, and EBA) 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 an 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 the independent vetting and validation.Maintain full professional knowledge of techniques and developments in the quantitative analysis in LRM & liquidity risk reporting 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.Job RequirementsAdvanced quantitative skills with post-secondary degree in one or more of the following areas: finance, financial engineering, statistics, economics / econometrics, mathematicsIn-depth knowledge of financial products / portfolios regarding cash
The median wage is the salary of a given occupation where half the workers earn more than that amount, and half earn less. This information is presented on job postings to help job seekers determine how the salary compares to the amount earned by other workers working the same job. Job Bank preferred indicating the median wage, which is less affected by extremely high or low wages, rather than the average wage which is calculated by adding up all the salaries of a group of people and then dividing that total by the number of people.
It looks like you are visiting Job Bank from outside Canada.
If you are not legally authorized to work in Canada, you can’t apply for every job on Job Bank. Most Canadian employers will not hire you if you do not have a valid visa or work permit.
You are trying to search for jobs funded by the Canada Summer Jobs program, but it looks like you are located outside of Canada.
You must be located in Canada to participate in the Canada Summer Jobs program.
If you are not currently authorized to work in Canada, you should search for jobs advertised by employers who are recruiting international candidates instead.