Risk Management Quantitative Associate Rotational Program
TD Bank · Toronto, Canada · 18d ago
Role Type:
Masters and Advanced DegreesWork Location:
Toronto, Ontario, CanadaHours:
37.5Pay Details:
$95,000 - $95,000 CAD
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
Risk Management at TD Bank Group (TD) is the bridge between computational analysis and business best practices. Quantitative assessments play a key function within TD; these are actively used for developing, validating and managing models for risk, pricing, hedging and capital evaluation of the various portfolios and financial products of TD. In other words, it's all about the numbers.
Our enterprise has seen strong growth in its quantitative departments over recent years, reflecting improvements to computational ability, data quality and volume, along with the banking industry’s increasing attention to understanding and managing model risk. Our department is a global function that partners with all lines of businesses within TD, touching over 1,800 employees in offices across the globe: Canada, United States, the UK and Singapore. We also work externally with regulators and industry groups to align with industry standards, and we benchmark ourselves against best practices.
JOB DESCRIPTION
About the Program
Through executive mentorship, the Risk Management Quantitative Associate Rotational Program is an immersive 24-month program designed to provide qualified and ambitious candidates the opportunity to step into our world. You’ll receive comprehensive experience developing, validating, implementing and managing quantitative models throughout the enterprise. The goal of the program is to develop candidates with the necessary experience and tools to become effective leaders within Risk Management.
If you have a sharp mathematical mind with an eye for finance, we want you to be part of our leadership rotational program.
In this program you’ll rotate across various quantitative departments within Risk Management areas every six months:
Model Development
Model Validation
Treasury and Balance Sheet Management
TD Insurance
TD Asset Management
TD Economics
Internal Audit
We align rotation opportunities with our business strategies to ensure you work on the most important priorities.
What You'll Do
No matter where you work at TD, you’ll make a meaningful impact, grow your skills and thrive in our culture of care. Here’s what that means for each rotation in this program:
Make an Impact
Build mathematical and statistical models for the North American profile of TD, both US and Canada. These models include credit risk (e.g., Probability of Default, Exposure at Default and Loss Given Default), operational risk and market risk models used for risk management, accounting, economic/regulatory capital and stress testing purposes
Assist in the development and testing of new modelling methodologies and effectively challenge these models through benchmark modelling, model validation and/or review within Internal Audit’s model risk division
Prepare management summaries describing the mathematical analytics of models, validation techniques, test results and model limitations, including recommendations for further improvements
Help to manage the areas of risk and solvency assessment (ORSA), expected credit losses, asset and liability management along with liquidity
Participate in quantitative and qualitative validation efforts surrounding key processes including Internal Capital Adequacy Assessment Process (ICAAP), stress testing (DFAST / EWST / MST) and regulatory capital
Experience Growth
Liaise with other business partners to ensure timely delivery of new models and resolve modelling issues
Demonstrate governance, control and risk management in alignment with TD policies and practices
Work on challenging projects alongside experienced leaders in the field
Cultivate Our Culture of Care
Develop strong relationships to help identify collaborative opportunities and coordinate efforts with other Risk groups
Be supported by a robust team of colleagues, peers and advisors to ensure your growth, development and success
COLLEAGUE DEVELOPMENT
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. Receive 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.
JOB REQUIREMENTS
What You Need to Succeed
We’re proud to work with a group of diverse colleagues. If you have relevant experience that isn’t mentioned below, tell us about it in your resume or cover letter.
Strong quantitative background with advanced mathematical and/or statistical ability
Excellent problem-solving skills
Computational and programming skills (e.g., R, Python, SAS, Matlab, C++, C, among others)
Excellent verbal and written communication skills; can explain complex technical issues in everyday language
Strong time management skills with the ability to work independently when required
Fast learner who grasps new concepts and techniques quickly
Desire to work in a caring, respectful and inclusive environment where all employees are supported
ADDITIONAL INFORMATION
Educational Requirements; Must be graduated between May 2025 and May 2027 with a Master’s or PhD in a quantitative discipline (mathematics, statistics, economics, finance, physics, engineering, or similar).
Program Location and Start Date: Toronto-based program which starts in July 2027. Candidates must have graduated prior to start (including final grades, excluding convocation).
Applications Must Include:
Transcripts
Cover letter, including an explanation of how the Associate Program fits within your career aspirations (one letter-sized page or less)
Resume (maximum of 2 pages)
Hours & Workplace Model: Monday–Friday, standard business hours
INCLUSIVENESS
At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.
We welcome all applications; however, we will only contact qualified candidates chosen for an interview. We thank all applicants for their interest!
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 strive to make every interaction, product, and experience remarkably human and refreshingly simple for 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 foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.
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.
If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.
We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.
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):
Sans Objet