Senior Quantitative Analyst (US) - PPNR-Model Validation

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