Senior Risk Analyst, Credit Risk Reporting & Allowance (3283)

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Risk Management

Pay Details:

$76,800 - $115,200 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:

Credit Risk Reporting & Allowance coordinates and produces a wide array of analysis, reporting, and insights largely associated with the Bank's credit portfolios, executes on the allowance methodology for the Canadian non-retail portfolios, and manages the allowance governance process. The group's mandate supports a broad array of stakeholders including the Risk Management Leadership Team and their respective groups, Finance, Investor Relations, the Businesses, our regulators, and at times the SET and the Board.

Job Overview:

Reporting to the Senior Manager, Allowance for Credit Losses, the Senior Risk Analyst will be responsible for the forecasting, reporting, and analysis of the allowance and provision for credit losses (ACL and PCL) for the Canadian non-retail portfolios. This role requires a strong understanding of the expected credit losses framework under IFRS 9, internal control frameworks, data transformation, and visualization tools. This role is well-suited for a mature critical thinker, with exceptional attention to detail and commitment to quality.

Job Description:

• Perform quarterly ACL execution in accordance with IFRS 9 for the Canadian non-retail portfolios.
• Ensure accuracy and integrity of ACL/PCL reporting through rigorous review, reconciliations, and validation procedures.
• Prepare and analyze management and regulatory reports related to ACL/PCL, using tools such as Excel and Alteryx to automate outputs.
• Interpret trends, drivers, and variances in the allowance results, providing actionable insights.
• Design and maintain efficient, scalable workflows in Alteryx to support production and streamline calculations.
• Support and enhance internal controls, governance, and audit readiness activities to ensure compliance with internal policies, audit, and regulatory expectations.
• Identify opportunities to simplify and improve processes to enhance efficiency and reduce operational risk.
• Demonstrate strong working knowledge of IFRS 9 methodologies, assumptions, and model outputs to support execution and analysis.
• Collaborate effectively with cross-functional teams including Finance, Credit Risk, Data Management, and Model Development to support end-to-end ACL processes.
• Contribute to internal and external audit and regulatory reviews, providing supporting documentation and responding to inquiries.

Requirements:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• 3+ years of experience in credit risk, finance, or accounting roles, preferably within a financial institution. Experience with IFRS 9 ACL framework and forecasting preferred.
• Proven ability to interpret data, identify issues, and communicate results to both technical and non-technical audiences.
• Highly responsive to time-sensitive requests and ad-hoc inquiries, strong sense of urgency.
• Strong organizational skills with the ability to manage multiple priorities and drive tasks to completion within deadlines.
• Professional maturity and critical thinking skills, able to ask the right questions and challenge assumptions where appropriate.
• Strong understanding of controls and governance frameworks (e.g., SOX, internal audits).
• Advanced proficiency in Excel, including hands-on experience with data mapping, Alteryx (for data preparation/automation).
• Knowledge of IFRS 9 Expected Credit Losses framework is an asset.
• Experience with database query and BI tools is an asset.

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 Unite