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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:

• Accountable for 2nd Line of Defense for validation and approval of the following Retail models:

• Non-retail risk capital models used globally, that includes parameter models, risk rating models, aggregate Allowance and stress testing models using in commercial and wholesale banking.

• Non-Retail PPNR models used globally for EWST/MST/DFAST programs

• Economic Capital models

• TD Economics models and Scenario Generation models

• Develop and build a validation team to provide 2nd LOD effective challenge and high-quality validations for a variety of models (as listed above).
• Establish and continually enhance the Model validation approaches and model development guidelines to the 1st line, that better reflect risks of the models used by the bank, while continuing to align with internal standard and evolving regulatory requirements/expectation.
• Responsible for periodic review and update of Model Validation testing procedures
• Responsible for ongoing enhancements of automated validation testing tools for non-retail models
• Engage, partner and influence various model stakeholders (i.e. model owners and model developers, model users) to effectively identify, control / mitigate model risk. This includes but is not limited to participating in various enterprise processes (such as Change Risk Assessment, New Business and Product Approval and Inherent Risk assessment), and/or new business acquisition, as appropriate
• Challenge model owners, model users, and model developers. Working collaboratively with the Model Risk Governance team, ensure that any identified issues and deficiencies are appropriately identified, reported and remediated in a timely and appropriate manner.
• Understand, mitigate and respond to regulatory inquiries. Present TD validation procedure / testing standard and MV validation during Regulators' exams.
• Create an environment that drives a high level of performance to build capability across the team.
• Engage externally (e.g. forums) to leverage insights and regulatory developments to identify, evaluate and implement best practices in model validation, ensuring continuous improvement and alignment with emerging standards.

Job Requirements:
• High level of quantitative expertise, with at least 5 years of validation or model development experiences in non-retail rating, parameter, allowance and stress testing models
• Experienced in providing independent advice and quantitative support on non-retail model issues.
• Having at least 3 years of experiences in leading and developing a large team of subject matter experts on similar models
• A strong communicator for explaining complex models and risk issues to diverse stakeholders
• Adept at making balanced decisions on time and executing against demand timelines
• Able to anticipate and address changes in regulatory standards or industry practices

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.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

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.

Accommodation
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 (Quebec only):