Model Development-Retail credit risk

  • Date Posted Nov 16, 2021
  • Location Toronto, Ontario
  • Job Type Contract
  • Job ID 13423

Can your influence make an impact? Do you believe that relationships and networks are essential to success? Do you inspire outcomes by making yourself heard? Can you bring your real self to work and live company values – trust, teamwork, and accountability? Then, here is an opportunity for you!

Working with one of the top financial clients this role calls for an experienced Model Development-Retail credit risk who will assist in Model Monitoring code development, maintenance, and enhancements, including code reviews, as required while working closely with Line of Business Risk Management teams, and a number of external business partners.

Responsibilities:

  • Assist in the development and ongoing improvement of MMA’s Model Governance Framework. This includes monitoring activities relating to the execution and documentation of:
    • Model Performance Monitoring
    • Model Discrimination
    • Population Stability
    • Characteristic Analysis
  • Support multiple ad-hoc requests relating to model performance, working closely with partners in MV, MRM, MD and MMA.
  • Support Annual Model Reviews, ensuring concise and accurate quantitative analysis and documentation is delivered in a timely fashion for MD, MV, and MRM for review.
  • Support compiling material for executive committee meetings, status meetings, and dashboard reporting. Material is shared with internal and external stakeholders.
  • Support coordinating the collecting of evidence and closure of Audit and Regulatory findings.
  • Act as mentor and provide guidance and training to new hires.
  • Adhere to TD and industry best practices and standards for project management (PMLC).
  • Assisting in other areas within the Model Governance & Compliance space, as requested

Desired Skill Set:

  • Strong working knowledge and preferably three or more years of extensive hands-on experience using SAS, SQL, or Python in the context of data manipulation, data mining, and statistical analysis.
  • Experience working in both operational and project environments
  • Strong quantitative skills with statistics or related areas
  • Good inter-personal skills to build and maintain productive working relationships with various business on different levels of organization.
  • Strong communication skills (both written and oral)
  • Ability to manage multiple initiatives and priorities, ensuring critical deadlines are met

Nice to Have:

  • Experience in model development or validation in retail credit risk would be an asset
  • Understanding of basic retail credit risk drivers would be an asset
  • Understanding of scorecard, machine learning, or PCL models would be an asset
  • Understanding of account management, adjudication, and collection strategies would be an asset
  • Understanding of regulatory programs such as Basel and IFRS9 would be an asset
  • SAS, Python, or R certification would be considered an asset
  • PRMIA, GARP, CPA or similar accreditation is also considered an asset
  • Undergraduate degree in Mathematics, Statistics, Economics, Physics, Engineering, or similar disciplines. Postgraduate degree would be an asset

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