Data Scientist I (Quants) – Insurance Model Validation

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.

The Model Validation  (MV) group in Enterprise Risk, Risk Management is responsible for the independent validation and approval of all analytical models used for TD.

The position reports to Senior Manager, Insurance Model Validation. Detailed accountabilities include:

•  Conduct validation independently for a variety of TDI insurance models
  • Conduct validation testing and analysis for different FCRM models under Senior Manager or Manager supervision to support various business initiatives and regulators requirements.
  • Have effective communication with different stakeholders from 1st line to discuss and solve model limitations / issues identified during the validation process.
  • Deliver high quality model validation reports with adequate information and justification to support validation conclusions and Audit / regulator review / assessment of validation process and validation analysis.

Maintain full professional knowledge of techniques and developments in actuarial  methodology and ML/AI modeling for Insurance

• Develops different validation testing tools / programs to assess advanced AI / ML models

• Post-secondary degree in one or more of the following areas: Actuarial science, Statistics,  AI/ML, or financial engineering.

• Fellow or associate of the Society of Actuaries (FSA),  Fellow or Associate of the Casualty Actuarial Society (ACAS), Fellow or Associate of the Canadian Institute of Actuaries (ACIA)

• In-depth knowledge of ML/AI modelling and proficient in programming languages & software for AI/ML modelling.

• 1+ Exp. in any top 10 Canadian P&C insurer regarding developing / validating a new pricing and rating solution with exposure in AI / ML modelling is an asset.
• Exp. in modeling / validating for multiple product lines  (life and general insurance (auto/property)) for IFRS 17 liability / reserve, Stress testing, ORSA, CAT. Models is an asset
• undefined Excellent verbal and written communication skills Excellent time / project management and multitasking skills with minimal supervision. Customer Accountabilities: Works in a highly interactive, team-oriented environment with Big Data developers, and analytical experts Stays current on developments in techniques and developments in actuarial  methodology and ML/AI modeling for Insurance Shareholder Accountabilities: Works closely with key stakeholders to conduct different validations in time to support different business initiatives Executes on the validation plan to deliver results aligned with enterprise model validation procedures and model risk policy Employee/Team Accountabilities: Shares knowledge, information, skills, and subject matter expertise among the team; Collaborates with other functions and teams to complete validation efficiently and in-time escalate identified issues. 

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.

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.