Job Title or Location

Manager, Model Development (Quants)

TD Bank - 402 Jobs
Toronto, ON
Company Benefits
Paid Time Off
Posted 2 days ago

Work Location:

Toronto, Ontario, Canada



Line of Business:

Data & Analytics

Pay Details:

We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.

Job Description:

Position Summary

The Trading Risk Model Development group at TD is responsible for the development, maintenance, and calibration of market risk models. We frequently interact with various groups within the bank, including Technology, Market Risk Control (MRC), Capital Market Risk Management (CMRM), Model Validation (MV), etc. We are looking for a strong candidate to join the group at manager level (mid-senior). The successful candidate will work primarily with the TRMD team within Model Development (MD) to help carry out model calibration, backtesting, ad hoc tests and develop new methodologies and models for the measurement of market risk, as well as maintaining and improving methodologies of existing models.


Maintain the current market risk and capital models Develop new modeling methodologies for measuring market risk (e.g. FRTB, VaR) Perform ongoing and/or ad-hoc testing and model calibrations Interact with other business partners (e.g. Technology, MRC, CMRM, MV) to investigate and resolve modeling issues Communicate model risk and provide full transparency around the model assumptions and usage with various stakeholders Contribute to other one-time projects of the group


  • At least 3 years of experience in a model development or model validation role for market risk, counterparty credit risk or pricing models for capital markets

  • Postgraduate degree in a quantitative field is a must

  • Strong analytical background, e.g. PhD in physics, mathematics, engineering or Masters of Mathematical Finance with appropriate experience

  • Strong computational and programming knowledge (e.g. Python/C++/VBA)

  • Solid understanding of fundamental concepts and technics in quantitative finance

  • Strong interest in financial models and concepts

  • Strong written and verbal communication skills is a must

  • Strong team member with a focus on getting projects done effectively and efficiently

  • CFA or FRM would be an asset

  • Knowledge of VaR models would be an asset

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing – and so will you.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.
Colleague Development
If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we're committed to helping you identify opportunities that support your goals.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process
We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you!

Language Requirement:

Competition Number: R_1354640
Company Website:
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About TD Bank

About TD Bank

The Toronto-Dominion Bank & its subsidiaries are collectively known as TD Bank Group (TD). TD is the sixth largest bank in North America by branches & serves approximately 22 million customers in a number of locations in key financial centres around the globe. Over 85,000 TD employees represent the strongest team in banking. Delivering legendary customer experiences is who we are & is part of being the Better Bank. Visit our Careers page to learn more about TD & why TD is a great place to work.