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TD Bank - Charlotte, NC
posted 3 months ago
About the position
The Manager of Quantitative Analytics at TD Bank leads a specialized team focused on model validation within the Retail Model Validation group. This role is pivotal in ensuring the integrity and compliance of various models used in retail banking, including those related to anti-money laundering (AML) and credit risk. The manager is responsible for overseeing model validation projects, developing testing strategies, and ensuring adherence to regulatory requirements while fostering a collaborative team environment.
Responsibilities
- Independently lead and execute AML model validation projects, including development of testing strategy and communication of validation issues.
- Prepare and finalize model validation review reports and recommend model approvals or corrective actions based on validation results.
- Support the development and maintenance of AML model validation standards and procedures compliant with the Bank's internal Model Risk Policy.
- Work effectively with internal partners to ensure AML models meet required Bank standards and proactively manage model risk issues.
- Stay updated on changes in AML regulatory requirements and emerging risks in model validation.
- Support requests from regulators and internal/external audits related to AML models and validation processes.
- Maintain professional knowledge of techniques and developments in AML modeling and validation.
Requirements
- Undergraduate degree required; advanced technical degree preferred (e.g., math, physics, engineering, finance, or computer science).
- 7+ years of relevant experience in quantitative analysis and model validation.
- Ability to analyze complex information and develop plans to address identified issues.
- Demonstrated skills in conflict resolution, negotiation, and influencing.
- Strong analytical and problem-solving skills, with proficiency in programming languages such as Python, R, SAS, and/or MATLAB.
Nice-to-haves
- Strong statistical background and excellent analytical skills with a graduate degree in statistics, economics, mathematics, or related fields.
- Experience in AML functions and model development or validation.
- Excellent communication skills, both verbal and written.
Benefits
- Health insurance
- Paid time off
