Senior Quantitative Analyst (US) - PPNR-Model Validation

TD Bank

Mount Laurel, NJ

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JOB DETAILS

SALARY

$76,290–$123,980 Per Year

SKILLS

Analysis Skills, Banking Services, Best Practices, Business Model, Business Plan, Business Skills, Career Development, Coaching, Communication Skills, Computer Science, Conflict Resolution, Construction, Course Development, Cross-Functional, Customer Experience, Customer Relations, Customer Support/Service, Data Collection, Data Modeling, Documentation Models, Finance, Financial Analysis, Financial Mathematics, Follow Through, Forecasting, Functional Programming Languages, Global Financial Markets, Identify Issues, Industry Standards, Interpersonal Skills, Knowledge Transfer, Leadership, Legal, Lift/Move 25 Pounds, LinkedIn, Mail Processing, Management Strategy, Market Analysis, Mathematics, Mentoring, Metrics, Microsoft Office, Model Review, Model Theory, Model Validation, Multitasking, Needs Assessment, Negotiation Skills, Office Equipment, Onboarding, Operations Processes, Options Analysis, Oracle SQLPlus, People Management, Performance Analysis, Performance Management, Performance Modeling, Physical Demands, Physics, Presentation/Verbal Skills, Problem Solving Skills, Process Improvement, Product Pricing, Program Evaluation, Project/Program Management, Quantitative Analysis, Regulations, Regulatory Requirements, Reporting Skills, Requirements Management, Risk, Risk Analysis, Risk Management, Risk Modeling, Statistical Analysis System (SAS), Statistical Modeling, Statistics, Strategic Planning, Stress Modeling, Stress Testing, Team Lead/Manager, Team Player, Testing, Time Management, Training/Teaching, Trend Analysis, Willing to Travel, Writing Skills, eLearning

LOCATION

Mount Laurel, NJ

POSTED

1 day ago

**Work Location:** Mount Laurel, New Jersey, United States of America **Hours:** 40 **Pay Details:** $76,290 - $123,980 USD 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. **Line of Business:** Risk Management **Job Description:** . **The Senior Quantitative Analyst** is expected to independently assess the design, performance, and implementation of Pre-Provision Net Revenue (PPNR) forecasting and stress testing models to ensure they are conceptually sound, fit for purpose, and compliant with internal model risk management standards and regulatory expectations. Key responsibilities include: + **Independent Model Review** : Evaluate model methodology, assumptions, and design to ensure conceptual soundness and alignment with intended use. + **Data and Model Development Assessment** : Assess the quality, relevance, and appropriateness of model development data, model construction, and segmentation. + **Performance and Outcome Validation** : Conduct or review testing to evaluate model performance, robustness, and the reasonableness of outputs under various scenarios. + **Implementation and Monitoring Review** : Verify model implementation accuracy and assess the adequacy of performance monitoring frameworks and controls. + **Effective Challenge and Governance** : Provide independent challenge to model developers and track identified issues through remediation and resolution. + **Validation Reporting & Communication** : Prepare validation reports and communicate key findings, limitations, and conclusions to stakeholders. + **Ongoing Validation** : Perform periodic validations to ensure continued model suitability and identify emerging risks. **Depth & Scope:** + Provides financial, analytical, modeling expertise to build quantitative models for business projects + Conducts complex quantitative analysis as it applies to areas of responsibility, generally aligned to specific transactions and products + Performs statistical model assumptions' tests for soundness of model theory + Hands on coding and building of quantitative models + Reviews model results and identifies unexpected results + May develop specialized analytical tools for projects or ongoing use + May develop conclusions and courses of action to rectify discrepancies as well as analyses + Develops and analyzes key metric and plan variances and related information + Develops analyses of performance and predictive data + Compiles and generates ad-hoc analytical reports + May lead additional research efforts, applying expertise in statistical analysis and modeling + Explores the best practice modeling techniques for model enhancement + Highly seasoned professional role requiring substantial knowledge / expertise in a complex field and knowledge of broader related areas + Integrates knowledge of the enterprise sub-function’s or business line’s overarching strategy in developing solutions across multiple functions or operations + Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services + Acts as a technical expert / lead integrating cross-function understanding within their own field of specialty; may manage team(s) of related specialists + Leads cross-functional teams or projects with significant resource requirements, risk and / or complexity + Independently manages end-to-end functional programs + Solves or may lead others to solve complex problems; leads efforts or partners with others to develop new solutions + Uses sophisticated analytical thought to exercise judgement and identify solutions + Impacts the achievement of sub-function or business line objectives within the area they are accountable for + Work is guided by policies and industry standards/methods + Communicates difficult concepts; converts information to compelling business context and advice; influences and gains alignment across increasingly senior stakeholders + Works autonomously as the lead and guides others within area of expertise + Independently handles all but the most complex and unusual issues **Education & Experience:** + Undergraduate degree required, advanced technical degree preferred (e.g., math, physics, engineering, finance or computer science) Graduate's degree preferred with either progressive project work experience or + 3+ years relevant experience, In-depth knowledge of quantitative models and statistical analysis + Ability to effectively interpret, select appropriate techniques, take independent action, communicate, and follow-through + Strong communications skills, both written and verbal + Strong interpersonal and consultative communication skills with well-developed presentation skills + Ability to manage competing priorities effectively, making good decisions based on business priorities and objectives + Practical knowledge of financial analysis techniques and methodologies + Ability to employ complex analytical tools and statistics to perform analysis and forecasting of financial and other business information + Proficiently use Microsoft Office tools to prepare and present analysis results to the audience + Advanced skills in SAS and SQL + Advanced level in statistical analysis and modeling tools + Ability to exercise sound judgment in making decisions + Ability to analyze complex information and develop plans to address identified issues + 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:** + Develop and enhance quantitative pricing models + May lead additional research efforts, applying expertise in quantitative analysis and modeling + Write computer code to implement new pricing models and enhancements to existing models + Work with trading desks to perform analysis of financial markets using quantitative models + Work with trading desks and risk management to perform analysis of financial product pricing and risk management using quantitative models + Explore the best practice modeling for model enhancement + May develop specialized analytical tools for projects or ongoing use + Enhance model documentation to reflect new or improved models and model features + Work with model risk management to get new models and features approved + Review model results and identify unexpected results + May develop conclusions and courses of action to rectify discrepancies and analyses + Assist in the analyses of model performance + Develop and maintain strong business relationships with trading desks + Supportsthe development, forecasting, and analysis of potential responses to regulatory inquiry related to models **Shareholder Accountabilities:** + Contribute to various operational activities and processes as assigned + Consistently exercise discretion in managing correspondence, information and all matters of confidentiality; escalate issues where appropriate + Be knowledgeable of practices and procedures within own area of responsibility and keep abreast of emerging trends for own functional area + Protect the interests of the organization – identify and manage risks, and escalate non-standard, high risk activities as necessary + Conduct internal and external research projects; support the development / delivery of presentations / communications to management or broader audience + Conduct reporting and / or meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices + Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exists + Acquire and apply expertise in the discipline, provide guidance, assistance and direction to others + Identify, recommend and effectively execute standard practices applicable to the discipline + Adhere to internal policies/procedures and applicable regulatory guidelines + Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts + Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite + May lead work streams by acting as a project lead / subject matter expert for small scale projects / initiatives in accordance with project management methodologies **Employee/Team Accountabilities:** + Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues/ points of interest + Support the team by continuously enhancing knowledge / expertise in own area and participate in knowledge transfer within the team and business unit + Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques + Participate in personal performance management and development activities, including cross training within own team + Keep others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities + Contribute to the success of the team by willingly assisting others in the completion and performance of work activities; provide training, coaching and/or guidance as appropriate. + Contribute to a fair, positive and equitable environment that supports a diverse workforce + Act as a brand ambassador for your business area/function and the bank, both internally and/or externally **Physical Requirements:** Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100% + Domestic Travel – Occasional + International Travel – Never + Performing sedentary work – Continuous + Performing multiple tasks – Continuous + Operating standard office equipment - Continuous + Responding quickly to sounds – Occasional + Sitting – Continuous + Standing – Occasional + Walking – Occasional + Moving safely in confined spaces – Occasional + Lifting/Carrying (under 25 lbs.) – Occasional + Lifting/Carrying (over 25 lbs.) – Never + Squatting – Occasional + Bending – Occasional + Kneeling – Never + Crawling – Never + Climbing – Never + Reaching overhead – Never + Reaching forward – Occasional + Pushing – Never + Pulling – Never + Twisting – Never + Concentrating for long periods of time – Continuous + Applying common sense to deal with problems involving standardized situations – Continuous + Reading, writing and comprehending instructions – Continuous + Adding, subtracting, multiplying and dividing – Continuous The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes. \#LinkedIn \#LI-AMCBCorporate **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 base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more (http://hrportal.ehr.com/tdtotalrewards) **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. 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** TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law. If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process. Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.

About the Company

TD Bank

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 in and serve, and creating an environment where every employee has the opportunity to reach her/his potential.

If you have a disability that requires an accommodation to complete the application process, please e-mail TD Bank's HR Compliance Department at hrcompliance@td.com. Please include your FULL NAME, CONTACT INFORMATION and DETAILS ABOUT YOUR REQUEST within the e-mail. TD Bank is an Equal Opportunity Employer.

“EOE/Minorities/Females/Veterans/Individuals with Disabilities".

INDUSTRY

Banking

FOUNDED

1852

WEBSITE

https://www.tdbank.com/

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