Job Specifications
Work Location:
Toronto, Ontario, Canada
Hours
37.5
Line Of Business
TD Securities
Pay Details
$140,000 - $160,000 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
TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience.
With more than 6,900 professionals operating out of 32 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly diverse equity research franchise, while growing our strong, diversified investment bank.
We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.
Business Unit
The Quantitative Engineering & Development (QED) team provides a full suite of quantitative development and risk management services to global fixed income Sales and Trading desks, playing a pivotal role in providing quantitative solutions and development.
The Team Has Two Core Mandates
Deliver top-tier quantitative and pricing/risk analysis tools for trading desks across the region
Responsible for live development request coverage, providing fast and accurate pricing and hedging solutions
This is a fast-paced and dynamic team who have grown rapidly in line with the Bank's overall growth strategy. The team has an increasing global mandate, focusing on improving efficiencies and providing better quantitative tools to Global Fixed Income desks. This is an exceptional opportunity to work on a globally recognized team.
Due to continuing business growth, we are looking for a professional with solid STEM background and sound business common sense to join the QED team in Toronto as a Vice President (VP).
This individual will be responsible for a range of tasks including:
Develop and maintain valuation and pricing engines for financial derivatives in C++ model library, updating the codebase based on evolving business needs.
Improve and update analytical tools for front office trading and sales desks, which involve Python/VBA and UI design.
Design and implement front-office solutions and strategies to optimize trading efficiencies and decision-making.
Collaborate with other teams in TDS including front office trading and sales desks, technology, risk management, treasury, finance, and compliance to deploy new or enhanced models to production.
Oversee trade allocation, pro-actively liaising with middle and back office to resolve issues and ensure a seamless end to end experience.
Perform thorough literature review and utilize Bloomberg to ensure the models are aligned with latest market practices.
Execute comprehensive tests to ensure model robustness and reliability.
Support daily business requirements through active collaboration with team members to address front office needs.
Document implementation details in library codebase and in Model Development Report.
Maintain strong knowledge of current markets, trends, and innovations.
Idea generation - assist in other areas that suit the candidate's skill set and interests.
Job Requirements
The successful candidate will demonstrate skills in several distinct areas including
3+ years of front office experience or 5+years in other quant related working experience.
Strong academic background in a relevant field - Mathematics, engineering, computer science background, including a quantitative understanding of statistics and probability.
Superior programming skills in a modern programming language (C++, Python, Java or equivalent language) and familiarity with object-oriented design principles. VBA experience is desirable.
Strong background of Microsoft Excel and spreadsheet-based analysis.
Comfortable working on multiple projects, demonstrating initiative and delivering results quickly.
Ability to solve technical problems and explain the underlying ideas to a non-technical audience.
Familiar with and comfortable with the standard software development pr
About the Company
The Toronto-Dominion Bank & its subsidiaries are collectively known as TD Bank Group (TD). TD is the sixth largest bank in North America by assets & serves approx. 28 million customers in a number of locations in key financial centres around the globe. With over 95,000 employees, TD ranks among the world's leading online financial firms, with more than 17 million active online and mobile customers. Delivering legendary customer experiences is who we are & is part of our goal to be the Better Bank. Visit our Careers page to l...
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