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Tell us your story. Don't go unnoticed. Explain why you're a winning candidate. Think "TD" if you crave meaningful work and embrace change like we do. We are a trusted North American leader that cares about people and inspires them to grow and move forward.
Stay current and competitive. Carve out a career for yourself. Grow with us. Here's our story: jobs.td.com
Tell us your story. Don't go unnoticed. Explain why you're a winning candidate. Think "TD" if you crave meaningful work and embrace change like we do. We are a trusted North American leader that cares about people and inspires them to grow and move forward. Stay current and competitive. Carve out a career for yourself. Grow with us. Here's our story: jobs.td.comThe Retail Model Validation (MV) group within Model Risk Management is a centralized model risk management function within the Bank responsible for validation of models used in the Retail segment. It has seen fast growth in the past few years reflecting global regulators' increasing attention on model risk. The Retail model validation team is responsible for the validation and approval of complex mathematical and statistical models used to measure the risk exposure inherent in retail products, as well as to review, validate and approve models used for the calculation of risk capital for these businesses. By ensuring an objective and independent evaluation of models, the model validation function is critical to the effective measurement and management of risk across the TD Bank Group.
The position reports to AVP, Retail Model Validation
Lead a team of quantitative professionals to perform validation of all models deemed in-scope by the bank-wide Model Risk Policy. The in-scope models for this role include quantitative and qualitative models developed for Anti-Money Laundering (AML), Treasury and Balance Sheet Management (TBSM), Marketing and Strategic Analytics, and PPNR and Balance Sheet Stress Testing (i.e. CCAR, EWST, MST).
Recommend the approval of the models or other corrective actions based on the independent validation.
Lead and support the team to ensure effective challenges are provided to model developers and line of business who develops and owns the models.
Provide guidance and supervision to direct reports in setting up validation plan, leading validation efforts, and documenting model validation reports/memos per TD's model risk policies and procedures.
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.
Support employee development activities, coach and support direct reports in meeting their personal development objectives.
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.
Play a key role in ensuring the appropriate use of risk models. Identify the need to implement new models/techniques for risk management as industry standards evolve and regulatory requirements change.
Maintain full professional knowledge of techniques and developments in the field of quantitative analysis, and share knowledge with business partners and senior management. Provide subject matter expertise to business units on risk modeling and validation.
Work effectively with internal model development group, Audit, and other internal partners to ensure risk models meet required Bank standards for use.
Strong statistical background and excellent analytical and problem solving skills with a graduate degree in one or more of the following areas: statistics, economics, mathematics, finance, actuarial sciences, mathematical finance.
Ability to manage a small team of quantitative professional and meet deadlines as well as good time management skills with minimal supervision.
Industry experience (with at least 3-4 years of experience) in model development, validation, or audit within a similar role is required.
Knowledge in retail products, customer behaviour, and stress testing, and model lifecycle is a definite asset.
Proficient in relevant programming languages such as SAS, R, and Matlab.
Excellent verbal and written communication skills.
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.