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.


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Quantitative Manager, VP Credit Risk Analytics Cecl

TD Bank Group