Senior Manager, Advanced Analytics (US) Interest Risk Management Model Validation

Work Location:

Mount Laurel, New Jersey, United States of America

Hours:

40

Pay Details:

$122,304 - $199,680 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:

Analytics, Insights, & Artificial Intelligence

Job Description:

The Senior Manager, Advanced Analytics leads a specialized team of data professionals varying in size and complexity that are responsible for aiding to drive changes and improvement in business practices through advanced analytics. This role manages the overall Advanced Analytics team or function for a key business which may include Data Modelers and/or Data Scientist roles. This role may also oversee the development of statistical models, data mining and analytic solutions.

The Model Validation  (MV) group in Enterprise Risk, Risk Management is responsible for the independent validation and approval of all analytical models used for pricing, hedging and risk and capital evaluation of financial products and portfolios of financial products.

The position reports to AVP, TBSM / Finance / TDAM/TDI Model Validation group. Detailed accountabilities include:

• Lead a team of quantitative professionals to validate the TBSM Integration /Aggregation models for IRRBB reporting (xFP metrics, EVE and NII), Hedge Accounting (HA) reporting, and Funds Transfer Pricing (FTPs)
  •  Work with team to develop an effective and efficient validation testing plan based on structure / design of different aggregation system and complete validation in time to support various business initiatives and regulators' i.e. Fed's, OCC, OSFI, and EBA) requirements.
  •  Supervise team's validation work to ensure capture all material & critical model limitations and execution / implementation accuracy of the validation testing.
  •  Support team to have an effective communication with different stakeholders from 1st line and in-time solve model limitations / issues to meet validation lead time target.
  •  Work with team to deliver high quality model validation reports with adequate information and justification to support validation conclusions and Audit / regulator review / assessment of validation process and validation analysis.

• Recommend the approval of the models or other corrective actions based on the independent vetting and validation.
• Maintain full professional knowledge of techniques and developments in the quantitative analysis in IRRBB,  and HA, and share knowledge with business partners and senior management.
• Assume a leadership role in developing standards and procedures for vetting and validation that are compliant with the Bank’s internal Model Risk Policy, adhere with industry best practices, and meet regulatory requirements.
• Lead and develop internal team.
  • Ensure performance objectives are set for internal staff and that performance feedback is provided on a regular basis.
  • Communicate group objectives and strategies and align team activities in support of business objectives.
  • Support employee development activities, coach, and support direct reports in meeting their personal development objectives.
• Respond to requests from both Canadian and U.S. regulators, internal and external audit in their review/audit of risk models and vetting/validation process and procedures. Provide information and assistance as required.
• Work effectively with internal model development group, Audit, and other internal partners to ensure risk models meet required Bank standards for use.

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
• Oversees and leads a large and/or highly complex and diverse reporting function for an area of significant risk, complexity or scope
• Strategic partner to leadership team on the management of the portfolio and financials, with deep indu