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Quantitative Analyst
TD Bank
Wilton, CT, United States
Job Details - this job has expired, please see similar jobs below
Hours
40.0
TD Description
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com.
Job Description
The Quantitative Analyst provides the quantitative analysis and builds the advanced quantitative approaches to meet US GAAP CECL Allowance Standard for Retail Credit portfolios for TD Group US Holding Company (TDGUS) requirements. In addition, the Quantitative Analyst provides highly specialized quantitative analytical and modeling support for Retail Credit portfolios to achieve Financial (measurement, forecasts and business budgets) and Credit estimates that support portfolio and executive strategies and decisions.
Job Requirements
• Possesses analytical and financial expertise to build quantitative credit risk models to meet the US GAAP CECL Standard
• Works with TD Bank analysts to build methodology using Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models that are critical to internal CECL Allowance measures.
• Conducts complex quantitative analysis in support of key aspects of the CECL build, such as leveraging in-depth understanding of the whole function, including business areas, CECL accounting and regulatory rules.
• Reviews model results and identifies unexpected results, including diagnosis and documentation of root cause.
• Performs statistical model assumptions' tests for soundness of model theory.
• Supports several decision-making committees for the retail credit and portfolio management approaches.
• Performs quality control functions to refine models by identifying process design opportunities, system errors, missed steps or performance issues.
• Performs hands-on modeling in the entire lifecycle , in accordance with TD's internal framework, including exploration of best practice modeling techniques for model enhancement
• Provides training and mentoring for new and less experienced team members.
• Resolves escalated issues and problems by conferring with team.
• Pushes timelines forward and executes on plan.
• Provides financial, analytical, planning, and forecasting expertise to assist in the development and completion of projects.
• Develops specialized analytical tools for projects or ongoing use.
• May manage the development of conclusions and courses of action to rectify discrepancies as well as analyses to be presented to management for aid in decision-making processes.
• May lead additional research efforts, applying expertise in statistical analysis and modeling.
• Develops and maintains strong business relationships with Retail Portfolio lines of business.
Must be eligible for employment under regulatory standards applicable to the position.
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 in and serve, and creating an environment where every employee has the opportunity to reach her/his potential.
If you are a candidate with a disability and need an accommodation to complete the application process, email the 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 application process.
EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.