Work Location:
Mount Laurel, New Jersey, United States of America
Hours:
40
Pay Details:
$122,304 - $199,680 USD
TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.
As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.
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Line of Business:
Analytics, Insights, & Artificial Intelligence
Job Description:
The Senior Manager, Advanced Analytics leads a specialized team of data professionals varying in size and complexity that are responsible for aiding to drive changes and improvement in business practices through advanced analytics. This role manages the overall Advanced Analytics team or function for a key business which may include Data Modelers and/or Data Scientist roles. This role may also oversee the development of statistical models, data mining and analytic solutions.
The Model Validation (MV) group in Enterprise Risk, Risk Management is responsible for the independent validation and approval of all analytical models used for pricing, hedging and risk and capital evaluation of financial products and portfolios of financial products.
The position reports to AVP, TBSM / Finance / TDAM/TDI Model Validation group. Detailed accountabilities include:
- Lead a team of quantitative professionals to validate the TBSM Integration /Aggregation models for IRRBB reporting (xFP metrics, EVE and NII), Hedge Accounting (HA) reporting, and Funds Transfer Pricing (FTPs)
- Work with team to develop an effective and efficient validation testing plan based on structure / design of different aggregation system and complete validation in time to support various business initiatives and regulators' i.e. Fed's, OCC, OSFI, and EBA) requirements.
- Supervise team's validation work to ensure capture all material & critical model limitations and execution / implementation accuracy of the validation testing.
- Support team to have an effective communication with different stakeholders from 1st line and in-time solve model limitations / issues to meet validation lead time target.
- Work with team to deliver high quality model validation reports with adequate information and justification to support validation conclusions and Audit / regulator review / assessment of validation process and validation analysis.
- Recommend the approval of the models or other corrective actions based on the independent vetting and validation.
- Maintain full professional knowledge of techniques and developments in the quantitative analysis in IRRBB, and HA, and share knowledge with business partners and senior management.
- Assume a leadership role in developing standards and procedures for vetting and validation that are compliant with the Bank's internal Model Risk Policy, adhere with industry best practices, and meet regulatory requirements.
- Lead and develop internal team.
- Ensure performance objectives are set for internal staff and that performance feedback is provided on a regular basis.
- Communicate group objectives and strategies and align team activities in support of business objectives.
- Support employee development activities, coach, and support direct reports in meeting their personal development objectives.
- Respond to requests from both Canadian and U.S. regulators, internal and external audit in their review/audit of risk models and vetting/validation process and procedures. Provide information and assistance as required.
- Work effectively with internal model development group, Audit, and other internal partners to ensure risk models meet required Bank standards for use.
Depth & Scope:
- Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
- Oversees and leads a large and/or highly complex and diverse reporting function for an area of significant risk, complexity or scope
- Strategic partner to leadership team on the management of the portfolio and financials, with deep industry, external/internal, enterprise knowledge, recognizing and anticipating emerging trends and identifies operational efficiencies and opportunities with other business management/enterprise areas
- Facilitates key strategic discussions and provides thought leadership to executive audience (output may include strategic roadmap and/or deliverables/frameworks short to long term goals etc.)
- Sets operational team direction and collaborates with others to execute on common goals
- Focuses on longer-range planning for functional area (e.g. 12 months or greater)
Education & Experience:
- Undergraduate degree or advanced technical degree preferred (e.g., math, physics, engineering, finance or computer science) Graduate's degree preferred with either progressive project work experience, or;
- 7+ year of relevant experience; higher degree education and research tenure can be counted
Preferred Qualifications:
- Advanced quantitative skills with post-secondary degree in one or more of the following areas: finance, financial engineering, statistics, economics / econometrics, mathematics
- In-depth knowledge of financial products / portfolios regarding cash flow pattern, embedded optionality, key factors impacting cash flow, and their pricing / valuation approach as well as financial / regulatory reporting in IRRBB, liquidity, and HA
- 4 years + Experience in either developing or validating large TBSM reporting systems in IRRBB, FTP or HA; and 1 years + Experience in managing a small team.
- Proficient in relevant programming languages such as, SAS in MLE, SQL, and Python. Familiarity with JSON is an asset.
- Excellent verbal and written communication skills
- Excellent time / project management and multitasking skills with minimal supervision.
Customer Accountabilities:
- Leads team of Data Modelling professionals and provides day to day direction as needed
- Acts as People Manager and is responsible for ongoing coaching and development, setting objectives, assessing performance
- Leads and oversees the design and delivery of enterprise analytic solutions for customers
- Oversees build of complex statistical models that learn from and scale to petabytes of data
- Works in a highly interactive, team-oriented environment with Big Data developers, and analytical experts
- Provides analytical thought leadership and stays current on developments in data mining
- May be accountable to lead team in developing powerful business insights from social marketing and industrial data using advanced machine learning techniques
Shareholder Accountabilities:
- Works closely with key business leaders to develop business plan, ensuring the optimal use of resources and leverages TD's operating model to maximize efficiency, effectiveness and scale
- Plans and executes on strategic activities, reviews and communicates results, and adjusts tactics accordingly
- Executes on the annual business plan to deliver results aligned with business strategies
- Manages overall budget, revenue and expenditures, meets business objectives while increasing efficiency and effectiveness
- Proactively identifies key business opportunities, researches and recommends enhancements/modifications, develops strategies to achieve recommendations and works closely with team to execute and implement
- Monitors and communicates the effectiveness of strategies, programs, and practices related to own area of expertise
- Protects the interests of the organization - identifies and manages risks, and escalates non-standard, high-risk transactions/activities as necessary
- Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite
- Ensures employees are knowledgeable; and assumes responsibility to minimize operational and regulatory risk by complying with Bank and industry Code of Conduct
Employee/Team Accountabilities:
- Cultivates and models the Colleague Promise to support colleague growth, and a culture of care; makes an impact at work and in our communities by leading with authenticity and supporting well-being to represent TD's brand
- Connects the alignment of colleague's contributions with the TD Shared Commitments
- Builds and retains an engaged and diverse team that embraces diversity of thought, creativity and curiosity; where every colleague and customer are valued, respected, and listened to; committed to a common goal and collaborate to move with speed and get things done
- Demonstrates inclusive leadership by taking meaningful action with intention to support colleagues and customers across all dimensions of diversity, including those from underrepresented communities, being actively anti-racist, attracting and retaining diverse slate of candidates, nurturing mutual respect, inclusivity of thought and collaboration to drive successful results
- Sustains, identifies strong talent, recruits and develops a diverse talent pipeline of qualified workforce to innovate and maximize individual strengths to lead to a better business outcome
- Enables colleague growth by encouraging colleague development to achieve career and business objectives, ensuring timely feedback, motivating appreciation and recognition to all colleagues
- Enables a continuous learning culture by proactively seeking, listening to and actioning feedback from peers and from colleague listening opportunities to continuously improve the colleague experience and grow your personal leadership
- Fosters an environment that promotes sharing of knowledge, information, skills, and subject matter expertise among the team; ensures timely management and escalation of issues and creates opportunities to collaborate with other functions and teams
- Leads team through change and creates an environment where team feels psychologically safe to challenge current practices by modeling resiliency and flexibility, communicating a compelling vision with clarity and empowering colleagues to drive innovation
- Contributes to the development of business segment and/or enterprise functional strategic priorities within their operational area or field of specialty that drives results
- Develops annual and/or long-term plans for own area that are aligned with enterprise-wide priorities, reinforcing a focus on results that align to One TD
- Fosters a high-performance culture by setting team targets and objectives, promoting and facilitating on-going feedback/coaching and conducting Quarterly Check-Ins for all colleagues to drive accountability and business results
- Manages employees in compliance with all human resources policies, procedures and guidelines of conduct
Physical Requirements:
Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
- Domestic Travel - Occasional
- International Travel - Never
- Performing sedentary work - Continuous
- Performing multiple tasks - Continuous
- Operating standard office equipment - Continuous
- Responding quickly to sounds - Occasional
- Sitting - Continuous
- Standing - Occasional
- Walking - Occasional
- Moving safely in confined spaces - Occasional
- Lifting/Carrying (under 25 lbs.) - Occasional
- Lifting/Carrying (over 25 lbs.) - Never
- Squatting - Occasional
- Bending - Occasional
- Kneeling - Never
- Crawling - Never
- Climbing - Never
- Reaching overhead - Never
- Reaching forward - Occasional
- Pushing - Never
- Pulling - Never
- Twisting - Never
- Concentrating for long periods of time - Continuous
- Applying common sense to deal with problems involving standardized situations - Continuous
- Reading, writing and comprehending instructions - Continuous
- Adding, subtracting, multiplying and dividing - Continuous
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.
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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.
Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more
Additional Information:
We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.
Colleague Development
If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.
Training & Onboarding
We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.
Interview Process
We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.
Accommodation
If you are an applicant with a disability and need accommodations 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.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.