Data Scientist I (Quants)

Job Responsibility:

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

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.

:

* Department Description:

TD Model Validation (MV) group is responsible for the independent validation and approval of analytical models used for risk, pricing, hedging, and capital evaluation for portfolio of financial products. This also includes validation of decision-making models.

* :

The successful candidate will be a member of the TBSM MV group covering both quantitative and qualitative models designed for TD Insurance. The position reports to Senior Manager, TBSM Model Validation group within MV. Detailed accountabilities include:

• Validate TD Insurance capital / reserve models, TBSM and TD Finance net interest income projection models covering the entire TD Bank Group book.
• Propose in-depth testing plan per the Enterprise Model Validation Procedure and high-quality issue log to ensure the validation project going smoothly and the critical findings / issues identified are communicated with 1st line effectively and timely.
• Evaluate the conceptual soundness of the model methodology through literature review and assessment of the reasonability of the assumptions to be consistent the nature of the business to ensure the model methodology aligning with industry best practice.
• Assess the data quality and input control / governance process to ensure the acceptance of the model inputs.
• Conduct validation testing following the validation testing plan accurately to assess the model performance, including but not limited to back-testing, sensitivity testing, stability testing, and independent benchmark model analysis. Proper archive the testing results subject for future audit and / or regulatory review.
• Draft high-quality model validation report to decently summarize the validation review analysis and conclusion to support regulatory submission and potential audit questions. Validation report includes assessment of the model methodology, input quality, assumption reasonability, model performance testing results and model governance / control process.
• Maintain/develop professional knowledge of techniques and developments in the field of quantitative analysis and share knowledge with business partners and senior management.
• Become a domain expert to provide structural feedback to the business / 1st line to different stakeholders to achieve in time validation work.

The position involves working effectively with different internal partners such as TD Insurance (including TD General Insurance, TD Life Insurance, TD Reinsurance Barbados, and TD Insurance Risk Management), Treasury and Balance Sheet Management, Finance and Internal Audit.

* Job Requirements:

• Solid quantitative skills with an advanced degree in actuarial science or finance. Actuarial + Finance combination background preferred.
• 1-3 year insurance-related experience in Bank / Insurance Company / Pension Plan / Consulting Firm. Outstanding new graduate exempted.
• Solid understanding / knowledge on Financial Statements, Corporate Finance, Insurance (Reserving and Capital) and Financial Risk Management. Familiarity with regulatory requirements (i.e., IFRS17, IRRBB). Knowledge and experience with insurance products is an asset.
• In process of pursuing FSA designation with complete of some Actuarial Exams is an asset.
• In process of pursuing CFA / FRM / CMA is an asset.
• Experience in insurance modeling preferred. Experience on AXIS is an asset.
• Strong technical knowledge and experience with programming / coding.
• Strong writing skills, especially technical writing, as well as excellent verbal communication skills are must-have.
• Inquisitive nature, ability to ask the right questions and escalate issues. Risk & Control mindset with good business acumen is an asset.
• Strong analytical and problem-solving skills. High attention to details.
• Good time management and multitasking skills with minimal supervision..

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.

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:

N/A.