Quantitative Manager, VP Credit Risk Analytics Cecl

TD Bank Group Boston , MA 02298

Posted 2 months ago

Company Overview

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.

Department Overview

The Quantitative Manager I is responsible for developing, coordinating, managing, and implementing the CECL Allowance methodologies for TD Bank N.A. Non-Retail Credit portfolios to achieve Financial (measurement, forecasts and business budgets) and Credit estimates that support portfolio and executive strategies and decisions.

Job Description

  • 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.

  • May supervise Non-Retail credit risk analysts, providing leadership direction and answering questions as needed. Provides guidance and assists team with most complex aspects of work as necessary.

  • Performs independent analytical initiatives to support CECL Standard, including portfolio modeling and migration analysis.

  • Works with TD Bank Analysts to build and support key Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) factors that are critical to internal CECL Allowance measures.

  • Present models, results, and conclusions of analytical work to key stakeholders and senior levels of management.

  • Provides financial, analytical, modeling expertise to build quantitative models for to meet the US GAAP CECL Standard

  • Resolves escalated issues and problems by conferring with senior management, staff in other internal departments, outside contacts and others as necessary.

  • Quantifies and analyzes risk exposure characteristics for Non-Retail credit portfolios

  • Researches, evaluates, develops, tests and applies quantitative models and methodologies for analyzing risk exposures and collection strategies.

  • Hands on modeling during the entire model life cycle, in accordance with TD's internal framework, including exploration of best practice modeling techniques for model enhancement.

  • May lead a team and is accountable to provide leadership, coaching, counseling, and guidance to staff.

Requirements

  • Graduate's degree or progressive work experience in addition to experience below

  • 6+ years modeling experience required

  • Proven interpersonal and consultative communication skills with well-developed presentation skills

  • Demonstrated ability to successfully plan, develop, lead, and execute projects

  • Proven ability to effectively interpret, select appropriate techniques, take independent action, communicate, and follow-through

  • Proven ability to manage competing priorities effectively, making good decisions based on business priorities and objectives

  • Comprehensive practical knowledge of quantitative forecasting models, financial analysis techniques and methodologies

  • Ability to guide businesses to achieve financial goals

  • Proven ability to employ complex analytical tools and statistics to perform analysis and forecasting of financial and other business information

  • Proficiently use Microsoft Office tools to prepare and present analysis results to the audience

  • Familiar with regulator's model guidance for CECL

  • Management skills and experience

  • Advanced skills in SAS and SQL or comparable tools.

  • Advanced level in statistical analysis and modeling tools

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.


upload resume icon
See if you are a match!

See how well your resume matches up to this job - upload your resume now.

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Manager Of Analytics VP Retail Credit Risk

TD Bank Group

Posted 1 week ago

VIEW JOBS 1/8/2019 12:00:00 AM 2019-04-08T00:00 Company Overview 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. Department Overview The Manager of Analytics is responsible for developing, coordinating, managing, and implementing the CECL Allowance standard for TD Bank N.A. Retail Credit portfolios to achieve Financial (measurement, forecasts and business budgets) and Credit estimates that support portfolio and executive strategies and decisions. This role will increasing focus on governance, justification and LOB communication to high level stakeholders. Job Description The Manager of Analytics is responsible for developing, coordinating, managing, and producing the analytical environment for TD Bank N.A. Retail Credit portfolios to achieve Financial (measurement, forecasts and business budgets) and Credit estimates that support portfolio and executive strategies and decisions. In accordance with the governing principles outlined in the TD Enterprise Risk Appetite Statement and the framework documented in the Retail Credit Risk Management Mandate, the Manager of Analytics is responsible to effectively manage, monitor and control risk of the retail lending segments within TD Bank. Requirements Mentors and supervises retail credit risk analysts, provides leadership direction and answering questions as needed. Provides guidance and assists staff with most complex aspects of work as necessary. Resolves escalated issues and problems by conferring with senior management, staff in other internal departments, outside contacts and others as necessary. Oversees the retail credit portfolio analysis in support of financial, regulatory and risk management requirements. Performs a leadership role in managing the US Allowance for Loan and Lease Losses (ALLL) for the Retail Credit Portfolios. Participates in and supports several decision-making committees for the retail credit and portfolio management approaches. Exercises independent judgment by displaying and reaching conclusions on the most complex portfolio issues as well as assumes accountability for high quality recommendations regarding the credit portfolio. Quantifies and analyzes risk exposure characteristics for retail credit portfolios Researches, evaluates, develops, tests and applies quantitative models and methodologies for analyzing risk exposures and collection strategies. Performs independent analytical initiatives including portfolio modeling, Stress Testing and migration analysis. Works with TDBFG Analysts to determine and validate key Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) factors that are critical to internal Allowance for Loan and Lease Loss measures. Prepares and delivers management reporting necessary to ensure accurate and thorough measurement of risk factors present in retail credit products. Develops and documents systems/tools to automate calculations used in determining risk exposures. Researches and recommends standards for internal/external systems used to calculate and measure risk exposures. Recommends credit policy and underwriting standard modifications where warranted. Measures and monitors the organizations credit risk exposure and provides guidance in portfolio review and strategy. Establishes oversight of business lines compliance/risk controls and periodically evaluate risk mitigation efforts to make adjustments as risk/department influences change. Ensures TD Bank maintains successful audits and exams within all areas. Ensures effective compliance with all job-relevant State and Federal regulations, including, but not limited to Employee policies, procedures, CRA EEO/ AA, as well as with all job relevant Risk Management and Corporate standards. Manages complex analytical initiatives and interacts with TDBFG Analysts, Finance, Credit, and Retail Lending lines of businesses. Provides leadership, support, and guidance to Senior Management, Credit Analysts, Finance, Credit, Small Business, and Retail Lending Lines of Business. Must be eligible for employment under regulatory standards applicable to the position. Qualifications Bachelors degree required; Graduate degree preferred 10+ Years of related experience Significant experience required in Credit Risk Management and modeling disciplines Strong quantitative and statistical skills to determine sound, defensible approaches to forecasts and analyses SAS or similar programming experience strongly preferred Strong written and verbal communication skills Experience in change management related to the adoption of new business processes Extensive experience in organizing and presenting credit portfolio results and allowance requirements to Senior Management Committees, External Analysts, Auditors, Regulators, and Board of Directors Industry analysis and presentation experience Accountability Managers, other than those who serve as Executive/Senior Level Officials and Managers, including those who oversee and direct the delivery of products, services or functions at group, regional or divisional levels of organizations. Receive directions from the Executive/Senior Level management and typically lead major business units. Implement policies, programs and directives of executive/senior Hours 40.0 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. TD Bank Group Boston MA

Quantitative Manager, VP Credit Risk Analytics Cecl

TD Bank Group