Int. Risk Analyst - 56055

Duration: 12+ months

Extension possible: yes, depending on candidate’s performance and business needs

Conversion Possible: yes, depending on candidate’s performance and business needs

Work Location:

- Remote, Onsite, or Hybrid: currently x2 days onsite, will be x4 in November

- Anchor Days (if applicable): Wednesday

STORY BEHIND THE NEED:

Reason for request/why opened: backfill a maternity leave

Scope of Project: developing code for the purposes of risk assessment

Team Size/Culture: 10 people; down to earth

CANDIDATE PROFILE DETAILS:

Degree/Certifications Required: university degree in Finance, Economics, Statistics, or a related discipline. A relevant professional designation (MBA, FRM, CFA) will be considered a plus

Years of Overall Experience: 3-6 years of experience, but open to new grads with relevant internship or co-op experience

Ideal Candidate Background: proactive, with a strong work ethic and takes initiative; professional mannerisms. Ability to manage competing priorities, hold meetings with key stakeholders, and make the data tell the story

How will performance be measured: ability to deliver tasks; weekly calls

Selling Points of Position (CVP): successful candidate will have a lot of flexibility to arrange tasks based on their schedule.

SUMMARY OF DAY-TO-DAY RESPONSIBILITIES:

The Non-Retail Model Development (NRMD) group, a part of the Model Development department within Risk Management, is responsible for methodology development related to Market Risk and Credit Risk for the Retail, Wholesale and Business Banks as well as Operational Risk bank-wide. These methodologies cover, but are not limited to, Credit parameters (PD, LGD, UGD), Regulatory & Economic Capital for AIRB Credit Risk, General Allowances, Value at Risk (VaR), and Counterparty Credit Risk.

Reporting to the Manager, Non-Retail Model Development, the Senior Analyst will lead the development of Non-Retail Credit Risk Rating models.

• Participate in the development, tuning, and documentation for new or amended Borrower Risk Rating (BRR), Facility Risk Rating (FRR), and Expected Loss (EL) models

• Conduct extensive Business Acceptance Testing to ensure that models meet design specifications

• Create and manipulate extensive data spreadsheets for the purpose of model tuning, stress and sensitivity testing

• Support Annual Model Review and Model Validation schedules as required, including data and documentation preparation

• Engage with working groups of subject matter experts to ensure that all credit risk models are current per best industry practices and standards

• Review and understand risk rating methodologies of public rating agencies (Moody's, S&P, Fitch, DBRS) and identify potential gaps with internal models

• Work closely with Credit Risk Policy in the launch of new initiatives or reviews, and work extensively with TDBNA to ensure enterprise-wide models are consistent cross-border

• Complete ad hoc analysis in a timely manner as requested

Due to quantitative nature of models, successful candidate may also be required to read and/or edit script (which requires programming knowledge)

MUST-HAVE Hard Skills:

1.) SQL - 3+ years

2.) Python - 3+ years

3.) Advanced Excel skills (VBA, macros) - 3+ years

4.) Strong written & verbal communication skills

NICE-TO-HAVE

1.) Experience working with stakeholders, executive, and upper management

2.) Experience in commercial/corporate banking function or other credit risk areas

3.) Working knowledge of non-retail credit risk rating methodologies and Basel parameters (PD, LGD, EAD)