Data Scientist I (Quants) Job at TD Bank
Risk Management
Toronto, ON
February 13, 2023
Company Overview
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Department Overview
Job Description
Detailed accountability includes:
- Validate non-retail models including but not limited to Treasury & Balance Sheet Management (customer behavior forecast), Asset Management models, Wealth Management models, Insurance models, and Economic Capital models
- Develop/implement validation methodologies and standards. Ensure that the validation methodologies and standards are in line with industry best practice or address regulatory and audit requirements and/or findings in a timely manner.
- Evaluate the conceptual soundness of the model methodology; Reasonability of assumptions and reliability of inputs; Suitability and comprehensiveness of performance metrics and risk measures associated with the use of the model.
- Apply a variety of technical / statistical tests, modeling techniques and business insights to assess the model specification and performance.
- Evaluate and implement external models used for benchmarking internal model performance. Participate in model selection and related due diligence activity.
- Actively participate with business partners in internal data management to ensure data integrity and the completeness of data capture for model validation and development purpose, as well as meet regulatory requirements on data capture and retention.
- Maintain/develop professional knowledge of techniques and developments in the field of quantitative analysis and share knowledge with business partners and senior management.
The position involves working effectively with different internal partners such as the TD Asset Management, TD Insurance, Corporate Transformation Office, Internal Audit, etc.
Requirements
- Robust quantitative skills with an advanced degree in one or more of the following areas: Financial Engineering, Mathematics, Statistics, Econometrics
- Proficiency in at least one of the following: Python, R, MATLAB, SAS
- Experience in model development or validation with an advanced knowledge of financial/econometric modeling and statistical analysis techniques; experience with econometric and treasury modeling, stress testing models or insurance models is an asset.
- Understanding of Treasury / Insurance concepts (i.e. IFRS 17) and ability to conduct economic reasoning is an asset.
- Inquisitive nature, ability to ask the right questions and escalate issues. Risk & Control mindset with good business acumen is an asset.
- Detail oriented, good time management and multitasking skills with minimal supervision.
- Excellent verbal communication skills, and ability to write comprehensive technical documents is required.
Hours
Inclusiveness
At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.
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