Work Location:
Toronto, Ontario, Canada
Hours:
37.5
Line of Business:
Risk Management
Pay Details:
$96,900 - $136,800 CAD
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.
Job Description:
Department Overview:
The Group Risk Management job family is accountable for the development and implementation of TD's risk management strategy, governance, policies, practices, programs, reporting and operating frameworks, regulatory affairs and operations associated with the Risk Management function.
Credit Risk Management serves/provides second line of defense oversight through review, analysis, inquiry, and discussion throughout the credit life cycle; roles focus on a comprehensive and diverse range of risk management expertise to the lines of business and control partners.
The TD Retail Risk Management Credit Card and Personal Lending (RRM CC & PL) Strategy team is responsible for the development and execution of CC and PL automated credit adjudication strategies and initiatives that assist our product partners to achieve growth and profitability targets while maintaining the overall credit risk quality of CC and PL lending portfolio and ensuring portfolio performance within risk appetite. Accountabilities include providing effective challenge on CC and PL Portfolio, as well as designing, implementing, and monitoring credit risk strategies.
Job Description
This is an exciting opportunity reporting to the Senior Manager of Acquisition, Pre-approval Cross Sell Credit Card and Personal Lending Risk Management. The successful candidate will be a part of a dynamic and innovative team that is responsible for monitoring and challenging credit risk activities including managing the design, implementation, and monitoring needs of various Credit Cards, ULOC, and Loan new account origination strategies.
Specific responsibilities include:
- Gain a deep understanding over complex automated credit strategies and credit lending decision engines. Contribute to and lead the ongoing management of credit extension and lending frameworks design, implementation, and monitoring improvements and efficacy.
- Through advanced analytics involving big data - data collection, wrangling, and exploration - perform detailed analytics to identify opportunities to enhance credit extension and lending frameworks. Utilizing robust data on TD customers drive continuous improvements in the management of risk-based deterministic systems that produce high quality automated decision outcomes.
- Champion the development, design, testing, and monitoring / verification of credit strategies.
- Dimension impacts of change proposals for automated credit strategies. Ensure proposals are balanced and comprehensive, considering customer and risk impacts. Solutions must support management of risk and enable business growth within satisfactory risk parameters.
- Support the ongoing evaluation and use of predictive models in credit strategies to ensure effective use and application of various available models.
- Provide a broad range of risk analysis, reporting, monitoring and support to management and business partner requests and act as a specialist/expert in providing guidance and advice on a range of risk related matters.
- Represent Retail Risk Management as a subject matter expert in the planning of new initiatives.
- Collaborate with a variety of cross-functional stakeholders including: Credit Cards and Personal Lending Product teams, related Retail Risk teams, TD partner analytics support teams, Technology, and Control functions.
- Lead all aspects of initiatives that drive risk efficacy and support business growth: concept ideation, project socialization with partners and senior management, preparation and documentation of formal proposal submissions, driving implementation, and managing governance requirements.
- Work collaboratively with stakeholders and partners to design and recommend solutions that improve the understanding and quantification of customer credit risk. Play an integral role in supporting engagement of senior management in socializing and gaining formal approval of recommendations.
- Through advanced analytics apply statistical techniques to proprietary data to identify characteristics that inform and enable discrimination of credit risk or serve as a leading indicator of potential change in credit risk in the customer populations. Support effective challenge on the stability and health of the Cards portfolio and strategies. Support Risk Management "views" to identify and assess increasing and emerging risks.
EMPLOYEE & TEAM
- Participate fully as a member of the team, supporting a positive work environment that promotes a culture of gaining insights and learning, producing quality results, driving innovation, and teamwork and ensure timely communication of issues/ points of interest.
- Contribute subject matter expertise and experience to support the immediate and broader team in the ideation and delivery of key initiatives.
- Participate in personal performance management and development activities, including cross training within own team.
- Keep others informed and up to date about the status and progress of projects and all relevant or useful information related to day-to-day activities.
- Lead, motivate and develop relationships with stakeholders to develop productive working relationships.
- Contribute to a fair, positive and equitable environment that supports a diverse workforce.
BREADTH & DEPTH
- Takes ownership of solving large, complex problems requiring analysis of multiple variables, including consultation with multiple stakeholders.
- Builds stakeholder alignment in leading projects and activities; may provide process and subject matter advice at senior levels.
Job Requirements
This role requires a combination of technical skills, project management, business knowledge and interpersonal skills:
Analytical and Technical Skills:
- Superior understanding of data structures and platforms (Databricks). Proficiency in SQL, Python and ETL processing.
- Demonstrated hands-on experience in analytics and data driven strategy design and management.
- An understanding of the application of credit scoring models in strategies, and working knowledge of regression and machine learning modeling techniques and applications.
- An understanding of bank core technology platforms and credit systems.
- High proficiency in MS Office: Excel (including pivot tables, charts and graphics), Powerpoint.
Business Knowledge:
- Previous Credit Risk Management experience in a financial institution. Very strong industry knowledge and understanding of consumer lending and retail landscape.
- Solid understanding of retail credit products, policies and processes. Ability to manage complexity and drive solutions to big challenges.
- Demonstrated analytical, reporting, and problem-solving skills. Experience working with Technology teams to successfully deliver platform solutions.
- Acute attention to detail while moving at a fast pace.
Interpersonal Skills:
- Strong ownership mentality and can-do attitude.
- Strong writing, presentation, and communication skills accompanied by strong business acumen with ability to engage senior audiences.
- Strong interpersonal skills able to influence and manage a very diverse set of stakeholders.
- Excellent relationship management skills.
- Flexibility and resilience to execute in an agile environment, including the ability to manage multiple tasks concurrently.
Education and Accreditation
- Graduate degree in a quantitative field, e.g.: MSc Statistical Science, Masters of Data Science, MSc in Management Business Analytics, Masters of Business Analytics, Masters of Management Analytics, or similar. 5+ years relevant experience.
or
- Undergraduate degree in a quantitative field, e.g.: Math, Statistics, Computer Science, Engineering, Applied Science, or similar. 7+ years relevant experience.
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 strive to make every interaction, product, and experience remarkably human and refreshingly simple for 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 foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.
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 a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. 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.
Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.
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.
If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.
We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.
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
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you!
Language Requirement (Quebec only):
Sans Objet
