TD Bank
Job Opportunity
The manager, Quantitative Analytics leads a specialized team of Quantitative Strategist professionals and specialists. This role is also a high-level expert on models and provides guidance to the team as needed in developing pricing models for a variety of asset classes. The Retail Model Validation (MV) group is part of the Model Risk Management function within the Bank. The Retail model validation team is responsible for the validation and approval of Retail capital, allowance and stress testing models, credit risk scorecard models, Pre-Provision Net Revenue models for TD's Retail portfolios, Enterprise Anti-Money Laundering models, and models used to support TD's retail business including marketing and personal banking analytics models. The position reports to Senior Manager - AML, Retail Model Validation. The primary responsibilities for this role include: Independently lead and execute AML model validation projects including development of testing strategy, communication and escalation of validation issues, prepare and finalize the model validation review reports. Recommend the approval of the models or other corrective actions based on the independent validation. Support development and maintenance of the AML model validation standards and procedures that are compliant with the Bank's internal Model Risk Policy, adhere with industry best practices, and meet regulatory requirements. Work effectively with internal partners to ensure AML models meet required Bank standards for use and proactively identify, manage, and work with relevant stakeholders to resolve the model risk related issues. Keep up with changes in the AML regulatory requirements and the emerging risks/practices in managing AML models and validations. Support requests from regulators, internal and external audit related to AML models and the associated validation process and procedures. Maintain full professional knowledge of techniques and developments in the field of AML modelling and validation processes. Depth & Scope: Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required Leads and manages a sizeable team of professionals and overall operation of a diverse group in an area of moderate risk, complexity or scope, while growing talent, developing skills and capabilities to achieve career goals, support project / initiative success and achieve business results Ability to present and make recommendations to senior management and executives Ensures an integrated approach with other business areas, broader organization, and enterprise as appropriate Coordinates and prioritizes multiple initiatives and manages resource allocation Establishes effective relationships with different Stakeholders, Business Sponsors, Executives and LOB Provides support and contributes to the overall discipline and strategy for respective areas Provides coaching, mentorship and guidance to practitioners, business, executives within area of expertise Deep knowledge and understanding of businesses / technology, and organizational practices/ disciplines Sound to advanced knowledge of external competition, industry and/or market trends in relation to own function / business Education & Experience: Undergraduate degree required, advanced technical degree preferred (e.g., math, physics, engineering, finance or computer science) 7+ years relevant experience Ability to analyze complex information and develop plans to address identified issues Ability to establish goals and objectives that support the strategic plan Demonstrated skills in conflict resolution, strong intuitive judgment and negotiation/influencing skills, flexibility and adaptability to changing priorities in a fast-paced environment, along with a strong consultative approach Skill in collecting, organizing and analyzing complex or technical data Skill in using logic and reasoning to identify the strengths and weaknesses of alternative situations, conclusions or approaches to problems Skill in active learning by understanding the implications of new information for both current and future problem solving and decision making Skill in identifying complex problems and reviewing related information to develop and evaluate options and implement solutions Skill in decision making by considering relative costs and benefits of potential actions and choosing the most appropriate option Ability to determine which issues to escalate versus to resolve independently, and provide suggestions for possible resolution Ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events) Ability to evaluate documents for accuracy and legal conformance Ability to anticipate and diffuse problems before they occur Ability to conduct short-range and long-range business planning Ability to develop objectives, evaluate effectiveness and assess needs Ability to recognize, analyze and solve a variety of problems Ability to identify problems, evaluate alternatives and implement effective solutions Ability to implement new systems and procedures and to evaluate their effectiveness Ability to problem solve a variety of situations Ability to contribute to strategic direction of the function and provide advice to senior leadership Ability to think strategically and possess strong business acumen Customer Accountabilities: Leads a highly specialized team and provide leadership, coaching, counseling and guidance to members Develops, assigns and monitors plans to ensure completion of goals and objectives Resolves issues and problems by conferring with the team, other internal departments, outside contacts and others as necessary Develops and maintains strong business relationships with business line management Conducts complex quantitative analysis as it applies to areas of responsibility such as a specific model, product or business line Manages the development of conclusions and courses of action to rectify discrepancies as well as analyses to be presented to management for aid in decision-making processes Oversees model documentation per request from internal partners and external regulators cascade support materials and follow up analysis to address model questions May lead additional research efforts, applying expertise in quantitative analysis and modeling Develops and maintains strong business relationships with trading desks and business line management Performs analysis of model risk and valuation calculations as applied to current markets, explain and validate results with trading management, and justify or remediate any observed anomalies Provides training and mentoring for new and less experienced staff Assists in the development, forecasting, and analysis of potential responses to regulatory inquiry related to models Shareholder Accountabilities: Ensures team adheres to enterprise frameworks and methodologies related to overall business management activities Leads relationships with corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements Supports team in staying knowledgeable on emerging issues, trends and evolving regulatory requirements and assess potential impacts to the Bank Assesses / identifies key issues and escalate to appropriate levels and relevant stakeholders and business management where required Identifies, mitigates and reports on risk issues per enterprise policy / guidance and ensure appropriate escalation processes are followed Ensures business operations follow applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets) Leads relationships with business lines / corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements Leads or contribute to cross-functional / enterprise initiatives as an organizational or subject matter expert helping to identify risk / provide guidance for complex situations Protects the interests of the organization
identify and manage risks, and escalate non-standard, high risk transactions / activities as necessary Manages oversight process, risk-based identification and monitoring of related risks and regulatory compliance across the supported functions, while ensuring key controls and processes are effectively managed Oversees or lead the facilitation and/or implementation of action / remediation plans to address performance / risk / governance issues Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite Employee/Team Accountabilities: Responsible for management of the overall team providing both leadership and guidance Sets targets and objectives for the team, and deliver results Grows team expertise to align with business/enterprise demand and direction; assess team skills and capabilities and continually look for ways to provide and
The manager, Quantitative Analytics leads a specialized team of Quantitative Strategist professionals and specialists. This role is also a high-level expert on models and provides guidance to the team as needed in developing pricing models for a variety of asset classes. The Retail Model Validation (MV) group is part of the Model Risk Management function within the Bank. The Retail model validation team is responsible for the validation and approval of Retail capital, allowance and stress testing models, credit risk scorecard models, Pre-Provision Net Revenue models for TD's Retail portfolios, Enterprise Anti-Money Laundering models, and models used to support TD's retail business including marketing and personal banking analytics models. The position reports to Senior Manager - AML, Retail Model Validation. The primary responsibilities for this role include: Independently lead and execute AML model validation projects including development of testing strategy, communication and escalation of validation issues, prepare and finalize the model validation review reports. Recommend the approval of the models or other corrective actions based on the independent validation. Support development and maintenance of the AML model validation standards and procedures that are compliant with the Bank's internal Model Risk Policy, adhere with industry best practices, and meet regulatory requirements. Work effectively with internal partners to ensure AML models meet required Bank standards for use and proactively identify, manage, and work with relevant stakeholders to resolve the model risk related issues. Keep up with changes in the AML regulatory requirements and the emerging risks/practices in managing AML models and validations. Support requests from regulators, internal and external audit related to AML models and the associated validation process and procedures. Maintain full professional knowledge of techniques and developments in the field of AML modelling and validation processes. Depth & Scope: Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required Leads and manages a sizeable team of professionals and overall operation of a diverse group in an area of moderate risk, complexity or scope, while growing talent, developing skills and capabilities to achieve career goals, support project / initiative success and achieve business results Ability to present and make recommendations to senior management and executives Ensures an integrated approach with other business areas, broader organization, and enterprise as appropriate Coordinates and prioritizes multiple initiatives and manages resource allocation Establishes effective relationships with different Stakeholders, Business Sponsors, Executives and LOB Provides support and contributes to the overall discipline and strategy for respective areas Provides coaching, mentorship and guidance to practitioners, business, executives within area of expertise Deep knowledge and understanding of businesses / technology, and organizational practices/ disciplines Sound to advanced knowledge of external competition, industry and/or market trends in relation to own function / business Education & Experience: Undergraduate degree required, advanced technical degree preferred (e.g., math, physics, engineering, finance or computer science) 7+ years relevant experience Ability to analyze complex information and develop plans to address identified issues Ability to establish goals and objectives that support the strategic plan Demonstrated skills in conflict resolution, strong intuitive judgment and negotiation/influencing skills, flexibility and adaptability to changing priorities in a fast-paced environment, along with a strong consultative approach Skill in collecting, organizing and analyzing complex or technical data Skill in using logic and reasoning to identify the strengths and weaknesses of alternative situations, conclusions or approaches to problems Skill in active learning by understanding the implications of new information for both current and future problem solving and decision making Skill in identifying complex problems and reviewing related information to develop and evaluate options and implement solutions Skill in decision making by considering relative costs and benefits of potential actions and choosing the most appropriate option Ability to determine which issues to escalate versus to resolve independently, and provide suggestions for possible resolution Ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events) Ability to evaluate documents for accuracy and legal conformance Ability to anticipate and diffuse problems before they occur Ability to conduct short-range and long-range business planning Ability to develop objectives, evaluate effectiveness and assess needs Ability to recognize, analyze and solve a variety of problems Ability to identify problems, evaluate alternatives and implement effective solutions Ability to implement new systems and procedures and to evaluate their effectiveness Ability to problem solve a variety of situations Ability to contribute to strategic direction of the function and provide advice to senior leadership Ability to think strategically and possess strong business acumen Customer Accountabilities: Leads a highly specialized team and provide leadership, coaching, counseling and guidance to members Develops, assigns and monitors plans to ensure completion of goals and objectives Resolves issues and problems by conferring with the team, other internal departments, outside contacts and others as necessary Develops and maintains strong business relationships with business line management Conducts complex quantitative analysis as it applies to areas of responsibility such as a specific model, product or business line Manages the development of conclusions and courses of action to rectify discrepancies as well as analyses to be presented to management for aid in decision-making processes Oversees model documentation per request from internal partners and external regulators cascade support materials and follow up analysis to address model questions May lead additional research efforts, applying expertise in quantitative analysis and modeling Develops and maintains strong business relationships with trading desks and business line management Performs analysis of model risk and valuation calculations as applied to current markets, explain and validate results with trading management, and justify or remediate any observed anomalies Provides training and mentoring for new and less experienced staff Assists in the development, forecasting, and analysis of potential responses to regulatory inquiry related to models Shareholder Accountabilities: Ensures team adheres to enterprise frameworks and methodologies related to overall business management activities Leads relationships with corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements Supports team in staying knowledgeable on emerging issues, trends and evolving regulatory requirements and assess potential impacts to the Bank Assesses / identifies key issues and escalate to appropriate levels and relevant stakeholders and business management where required Identifies, mitigates and reports on risk issues per enterprise policy / guidance and ensure appropriate escalation processes are followed Ensures business operations follow applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets) Leads relationships with business lines / corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements Leads or contribute to cross-functional / enterprise initiatives as an organizational or subject matter expert helping to identify risk / provide guidance for complex situations Protects the interests of the organization
identify and manage risks, and escalate non-standard, high risk transactions / activities as necessary Manages oversight process, risk-based identification and monitoring of related risks and regulatory compliance across the supported functions, while ensuring key controls and processes are effectively managed Oversees or lead the facilitation and/or implementation of action / remediation plans to address performance / risk / governance issues Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite Employee/Team Accountabilities: Responsible for management of the overall team providing both leadership and guidance Sets targets and objectives for the team, and deliver results Grows team expertise to align with business/enterprise demand and direction; assess team skills and capabilities and continually look for ways to provide and