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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:

Department Overview: TDBG Retail Model Development (RMD) is responsible for measuring credit risk in all TDBG retail credit product portfolios (such as mortgages, home equity, indirect auto loans, credit cards, and small business loans).

This entails developing, implementing, and monitoring account-level retail credit risk rating and parameter models (PD, EAD, and LGD). The risk ratings and parameters are used in estimating and reporting the Risk-Weighted Assets (RWA) as required under the Basel II Retail Advanced Internal-Ratings Based (AIRB) approach, the minimum regulatory capital and economic capital that the Bank needs to allocate against the credit risk in its retail product portfolios; estimating allowance for expected credit losses for performing and impaired assets under IFRS9 rules; and forecasting credit losses, RWA and capital requirements under expected economic conditions and under various macroeconomic stress scenarios. Our expected loss models are designed to ensure that the Bank has appropriate provisions for expected losses and sufficient capital reserves for unexpected credit losses in its Canadian retail portfolios.

Job Description: In this position, the individual will be responsible for the development of aggregation methodology (i.e. IFRS9 and credit loss stress testing), risk analytics and supporting all the relevant model life cycle activities, including validation, governance, methodology to remediate model limitations, as well as internal and external audit and implementation.

The internal developed predictive models for PD, LGD and EAD will serve as the basis for establishing default, exposure and loss related parameter estimates for use in calculating risk weighted assets (RWA) for retail credit exposures under the Basel II AIRB approach. They are also used to calculate allowance (IFRS9) for various retail businesses. It also serves the calculation of economic capital, and risk-adjusted profitability, as well as evaluating Bank's risk profile under various macroeconomic scenarios included in the Bank's internal and regulatory stress tests.

This will entail extensive and deep interactions with TDBG Model Validation and Model Risk Management, Retail Risk Management, Internal Audit, and external auditors, as well as with the Bank's banking regulators, in order to support their review, approval process and ongoing validation for the risk parameter models. The position will ensure compliance with the TDBG Model Risk Policy, Capital Model Approval Policy, Data Governance requirements, and with other relevant policies and regulatory requirements. The position will work closely with and actively support TD Retail Risk Management, as well as retail credit product and finance areas by providing a deep analysis of credit risk drivers and parameters under various scenarios for the respective product portfolios. This will entail discussing with the retail credit product, finance, and risk management areas key observations and conclusions derived from the data analysis and modeling, and assisting in their use to manage product portfolio risk and profitability.

In this position, the individual will use leading-edge technologies and develop innovative solutions in the following areas:

• Data mining – making sense of some very large databases of credit risk related historical data;
• Predictive credit risk modelling based on rigorous statistical analysis of historical data, regression techniques, and econometric analysis;
• Estimating credit risk imbedded in the Bank's retail credit product portfolios, and the amount of regulatory and economic capital the Bank needs to allocate against these portfolios.

This position provides excellent learning, working and career opportunities in a highly professional and motivated team environment, and exposure to a variety of high-paced and intensive modeling projects and to a variety of internal and external stakeholders.

Experience/Qualifications/Competencies: This position requires a combination of dedication, extremely hard work, and attention to detail, on one hand, and quick learning, creativity, and non-standard thinking, on the other hand. It also requires strong team and project management, communication, and presentation skills.

In terms of technical skills and experience, this position requires a strong mathematical, statistical, and computer science background and an extensive data mining and statistical modelling experience.

An ideal candidate will have good retail credit risk management experience, including modeling and analytics; deep understanding of retail credit products and strategies; retail credit risk data, analytics, and modeling experience; and deep knowledge of Basel II requirements, including hands-on experience in developing and implementing Basel II Retail AIRB models.

A successful candidate is expected to have:

• A university degree in Statistics or in a related quantitative discipline (Mathematics, Actuarial Science, Computer Science, Econometrics, Operations Research);
• Strong working knowledge and hands-on experience using SAS and SQL in the context of data manipulation, data mining, statistical analysis, and predictive modelling;
• Proficiency in creating and manipulating large data sets for data mining and predictive statistical modelling;
• Working knowledge of concepts and methodologies, such as retail credit risk scoring techniques, used in the assessment of credit risk for retail credit exposures
• Strong working knowledge of modern statistical model development and validation concepts and techniques, in particular linear and logistic regression techniques;
• Strong project management skills and able to prioritize and manage workload to deliver quality results and meet assigned timelines;
• Support a positive work environment that promotes service to the business, quality and team work and ensure timely and effective communication;
• Strong problem-solving skills, ability to independently identify and solve problems in an effective and timely manner;
• Strong communication skills (both written and oral) to establish effective relationships across multiple business stakeholders.

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):