DETAILED ACCOUNTABILITIES INCLUDE:

• Perform independent initial and ongoing validations of Derivative Pricing and xVA valuation across TD’s global trading business, including Interest Rate, Fixed-Income, Equity, FX, Credit and Commodity derivatives.
• Prepare corresponding initial/ongoing validation reports outlining model assumptions, analytical methodologies and assessments, computational methods and test results.
• Develop/implement validation methodologies and standards. Ensure that the validation methodologies and standards are in line with industry best practice or address regulatory and audit requirements and/or findings in a timely manner.
• Maintain full professional knowledge of techniques and developments in the field of derivative pricing across all asset classes in the trading book (i.e. Equity, IR, Credit, FX, and Commodity), and share knowledge with business partners and senior management.The position involves working effectively with different internal partners such as Treasury and Balance Sheet Management (TBSM), Quantitative Engineering Group in TDS Front Office (FO), Model Development (MD) Group, and IT support teams for MD and FO; to ensure the appropriateness and accuracy of models used by the bank

JOB REQUIREMENTS;

• Graduate degree in a quantitative discipline MSc, MMF or PhD
• Expert knowledge of pricing theory, stochastic calculus and numerical techniques used in derivative pricing (PDE/trees, Monte Carlo simulation, optimization) as well as CCR/xVA modeling techniques and parameter calibration techniques.
• Proficient in relevant programming languages such as Python, C/C++ and VBA is required.
• Industry experience (at least 5 years of experience) in model development or validation within a similar role is required.
• Ability to write comprehensive technical documents is required.
• Excellent quantitative skills with background in one of the following areas: mathematics, physics, engineering, computational finance, statistics.
• Fast learner who grasps complex concepts and techniques quickly and works independently under tight deadlines.
• Good time management skills with minimal supervision.

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 United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.
TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

The position reports to AVP