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Company

TD · 1 day ago

Senior Manager, Advanced Analytics (US) Liquidity Risk Management Model Validation

Mount Laurel, NJ

Full-time

Remote

Mid, Senior Level

$122K/yr - $200K/yr

7+ years exp

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Responsibilities

Lead a team of quantitative professionals to validate the Liquidity Risk Management (LRM) models developed or owned by TD Treasure and Balance Sheet Management (TBSM) group.

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 Liquidity Risk Management 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 LRM & liquidity risk reporting 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.

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).

Qualification

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Model ValidationLiquidity Risk ManagementAdvanced AnalyticsStatistical ModelingData MiningSASSQLPythonFinancial EngineeringEconometricsMathematicsJSONProject Management

Required

Undergraduate degree or advanced technical degree preferred (e.g., math, physics, engineering, finance or computer science)

7+ year of relevant experience; higher degree education and research tenure can be counted

Lead a team of quantitative professionals to validate the Liquidity Risk Management (LRM) models developed or owned by TD Treasure and Balance Sheet Management (TBSM) group.

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.

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 LRM & liquidity risk reporting and share knowledge with business partners and senior management.

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.

Work effectively with internal model development group, Audit, and other internal partners to ensure risk models meet required Bank standards for use.

Preferred

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 and requirement, key factors impacting cash flow, and their pricing / valuation approach as well as financial / regulatory reporting in liquidity risk management

4 years + Experience in either developing or validating large TBSM reporting systems in liquidity risk management 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.