Modelling/Forecasting Specialist (US)

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

TD Bank, National Association (TD Bank) in Calverton, MD seeks a Modelling/Forecasting Specialist. Will develop, maintain, and support complex commercial credit models used in fulfilling both Federal and international regulatory requirements including CCAR, IFRS9, CECL, and EWST. Will perform data analysis and model testing, including back-testing, benchmarking, sensitivity testing, and attribution analysis. Will be accountable for effectively managing, monitoring, and controlling risk of the non-retail lending segments. Responsibilities include: (1) identifying, documenting, justifying, and testing all model assumptions and limitations; (2) writing and presenting results analyses and conclusions for model validation, exec. mgmt., and other business partners in both business/technical terms; (3) explaining model results in business terms to regulators, business, and audit, defending model assumptions, articulating limitations, and challenging existing models to identify improvements; (4) developing statistical analytical models to analyze the portfolio, and performing
quantitative analysis, probability analysis, regression analysis, and migration analysis; (5) exploring opportunities for model enhancements and making model recommendations in order to produce optimal results; (6) ensuring model assumptions align to business practice and data sources are accurate; (7) collaborating with production team to ensure models are correctly implemented; (8) working with model validation/model risk mgmt to ensure models are sound and meet documentation standards; (9) providing economic analysis of the national, regional, and local economies; (10) performing stress testing to determine the potential impact on the company's allowance for loan and lease loss reserve; (11) providing recommendations to mgmt. to help direct future lending activities to mitigate future loan losses; (12) evaluating and adjusting allowance analytical models to properly reflect the risk in the portfolio to ensure that the
company is adequately reserved; and (13) reviewing, refining, and developing acquisition strategies and statistical models. Position requires a Bachelor's degree in Statistics, Economics, Engineering, Math, or related quantitative degree + 4 years of experience in analytics modeling, or a Master's degree in Statistics, Economics, Engineering, Math, or related quantitative degree + 2 years of experience in analytics modeling. Must have experience working with vendor models to forecast credit or counterparty risk; using SAS, SQL, VBA, or Python to develop models, perform portfolio analysis, and implement models; building statistical models to forecast credit risk; creating/automating reporting based on business requirements; creating/managing model documentation; developing/following model governance procedures; extracting data from Data Warehouse using SQL or other programming language to perform portfolio analysis; and ensuring models align with business practices. Please submit a resume to the attention of Bethany Owens at Bethany.Owens@td.com, or by mail to Bethany Owens, Recruitment Manager, TD Bank, 151 Corley Mill Road, Lexington, SC, 29072. Please reference "Modelling/Forecasting Specialist" in e-mail or cover letter.

Job Requirements

TD Bank, National Association (TD Bank) in Calverton, MD seeks a Modelling/Forecasting Specialist. Will develop, maintain, and support complex commercial credit models used in fulfilling both Federal and international regulatory requirements including CCAR, IFRS9, CECL, and EWST. Will perform data analysis and model testing, including back-testing, benchmarking, sensitivity testing, and attribution analysis. Will be accountable for effectively managing, monitoring, and controlling risk of the non-retail lending segments. Responsibilities include: (1) identifying, documenting, justifying, and testing all model assumptions and limitations; (2) writing and presenting results analyses and conclusions for model validation, exec. mgmt., and other business partners in both business/technical terms; (3) explaining model results in business terms to regulators, business, and audit, defending model assumptions, articulating limitations, and challenging existing models to identify improvements; (4) developing statistical analytical models to analyze the portfolio, and performing
quantitative analysis, probability analysis, regression analysis, and migration analysis; (5) exploring opportunities for model enhancements and making model recommendations in order to produce optimal results; (6) ensuring model assumptions align to business practice and data sources are accurate; (7) collaborating with production team to ensure models are correctly implemented; (8) working with model validation/model risk mgmt to ensure models are sound and meet documentation standards; (9) providing economic analysis of the national, regional, and local economies; (10) performing stress testing to determine the potential impact on the company's allowance for loan and lease loss reserve; (11) providing recommendations to mgmt. to help direct future lending activities to mitigate future loan losses; (12) evaluating and adjusting allowance analytical models to properly reflect the risk in the portfolio to ensure that the
company is adequately reserved; and (13) reviewing, refining, and developing acquisition strategies and statistical models. Position requires a Bachelor's degree in Statistics, Economics, Engineering, Math, or related quantitative degree + 4 years of experience in analytics modeling, or a Master's degree in Statistics, Economics, Engineering, Math, or related quantitative degree + 2 years of experience in analytics modeling. Must have experience working with vendor models to forecast credit or counterparty risk; using SAS, SQL, VBA, or Python to develop models, perform portfolio analysis, and implement models; building statistical models to forecast credit risk; creating/automating reporting based on business requirements; creating/managing model documentation; developing/following model governance procedures; extracting data from Data Warehouse using SQL or other programming language to perform portfolio analysis; and ensuring models align with business practices. Please submit a resume to the attention of Bethany Owens at Bethany.Owens@td.com, or by mail to Bethany Owens, Recruitment Manager, TD Bank, 151 Corley Mill Road, Lexington, SC, 29072. Please reference "Modelling/Forecasting Specialist" in e-mail or cover letter.

  • 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 their 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.