Credit Risk Management Associate Jobs in Toronto, ON

DEPARTMENT OVERVIEW

For TD Bank Group (TD) to remain competitive, it is essential to selectively take and manage risks. TD acknowledges that having a strong risk culture and a robust approach to risk management is fundamental to our ongoing success.

The Risk Management team at TD plays a key role in enabling the business functions of the enterprise to understand the risks they face. Our team is responsible for developing policies, processes, and controls required to appropriately manage these risks, ensuring that all measures are aligned with the Bank's overall strategy and risk appetite.

As a global function, we partner with all lines of business within TD, impacting thousands of employees across offices in Canada, the United States, the UK, and Singapore. Additionally, we collaborate externally with regulators and industry groups to stay in line with industry standards and benchmark ourselves against best practices.

JOB DESCRIPTION

About the Program

The Risk Management Associate Rotational Program is a comprehensive, 24-month initiative where participants complete four distinct 6-month rotations. These rotations are designed to provide hands-on experience in both Financial and Non-Financial Risk Management areas, including but not limited to credit, market, liquidity, operational, model, ESG, technology and data, regulatory, and product risk. The program aims to develop leaders who can apply risk knowledge across a broad spectrum of business functions at TD.

If you are inquisitive, enjoy driving change, and want to make a meaningful difference, we invite you to join our rotational program.

Throughout the program, you will rotate within the Risk Management division in Canada, with some opportunities to support global activities. Each rotation lasts six months and covers the following areas:

• Market Risk: In Market Risk, we focus on accurately identifying current and emerging market risks, providing transparency on both trading and non-trading risk results. Our global team independently oversees counterparty credit, liquidity risk, and market risks across the enterprise. We ensure all outcomes align with the Bank's risk appetite, utilizing business insights and market expertise.

• Enterprise Market Risk Control (EMRC): Serving as a second line of defense, EMRC provides independent oversight and challenges the Bank's trading, non-trading, and liquidity risks. EMRC ensures that all significant market and liquidity risks are properly governed, understood, analyzed, and measured. We support new business initiatives by closely collaborating with TD Securities, Treasury, and Balance Sheet Management to ensure TD remains within its risk appetite. EMRC consists of teams focused on Non-Trading Market Risk, Liquidity Risk, and Credit Risk.

• Credit Risk: Credit risk refers to the potential loss if a borrower or counterparty fails to fulfill agreed payment obligations. The Credit Risk team sets risk policies for all products and services involving credit risk and establishes guidelines to monitor and limit exposures by country, industry, and group within portfolios.

• Operational Risk (including ESG, Cyber, and Innovation): Operational Risk works alongside our business partners to ensure that risks arising from people and technological processes, including those due to change, are effectively identified, monitored, and managed.

• Model Development (MD) & Validation: The Model Development team is responsible for creating risk and capital models related to Trading Market Risk, Credit Risk, and Operational Risk across the bank. These models include, but are not limited to, Advanced Measurement Approach for Operational Risk, Credit Risk Rating models, Credit Risk parameters (PD, LGD, UGD), Economic Capital models, IFRS9 models for Credit Risk, Value at Risk (VaR), and Counterparty Credit Risk models.

• Regulatory Risk: This team provides advice and guidance on regulatory communications and emerging developments, as well as new initiatives that have a regulatory impact. Responsibilities include monitoring regulatory trends, identifying common themes across TD's footprint, communicating these insights to internal stakeholders, tracking remediation efforts, and ensuring quality responses to the Office of the Superintendent of Financial Institutions (OSFI). The team also identifies threats to TD's relationships with key Canadian and non-U.S. regulators and ensures effective strategies are in place.

• Strategic & Enterprise Risk: The Enterprise Risk team evaluates TD's risk appetite, ensuring the Bank takes risks that align with its business strategy, avoids significant single loss events, and protects the TD brand.

• Strategy, Business Management & Governance: This central operational and governance function supports risk management groups by guiding the development and execution of strategies, standards, and protocols to achieve operational effectiveness and efficiency.

Rotation opportunities are closely aligned with our business strategies, ensuring that participants work on the most important priorities.

What You'll Do

No matter where you work at TD, you'll make a meaningful impact, grow your skills and thrive in our culture of care. Here's what that means for each rotation in this program:

Make an Impact

• Apply strong communication, analytical, and problem-solving skills to add value in each rotation.

• Conduct relevant reporting and analysis, presenting clear results and actionable recommendations.

• Identify potential challenges requiring attention and recommend actions to manage risks in diverse scenarios.

• Contribute to a strong risk culture by raising issues related to strategic, reputational, and operational risks.

• Identify key assumptions, constraints, dependencies, and risks.

Experience Growth

• Develop a deep understanding of how theoretical risk management practices are implemented in real-world situations, covering both traditional risks (such as Credit, Market, and Trading) and non-traditional risks (such as ESG, Operational, and Cyber Risk).

• Work independently with minimal supervision, prioritize tasks, and add value to assigned projects using your communication, analytical, and problem-solving skills.

• Collaborate directly with rotation managers and Risk business groups to continuously identify issues and enhance processes across TD.

• Manage and escalate any exceptions as necessary, ensuring compliance with policy.

Cultivate Our Culture of Care

• Build strong relationships to identify collaborative opportunities and coordinate efforts across Risk groups.

• Engage in challenging projects with experienced leaders, supported by a robust team of colleagues, peers, and advisors.

COLLEAGUE DEVELOPMENT

If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. Receive 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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.

JOB REQUIREMENTS

What You Need to Succeed

We're proud to work with a group of diverse colleagues. If you have relevant experience that isn't mentioned below, tell us about it in your resume or cover letter.

• Apply generally well-defined and straightforward methods or procedures, with occasional deviations as needed.

• Ability to work in a dynamic, evolving business environment and adapt to ambiguity and complexity.

• Provide analytical, interpretive, evaluative, and constructive thinking in various situations.

• Communicate effectively both verbally and in writing with a range of audiences.

• Proficient in Microsoft Office products, with advanced skills in MS Excel.

• Strong business acumen, problem-solving abilities, and analytical capabilities-both qualitative and quantitative-with the capacity to see the "big picture" in complex environments.

• Well-organized, able to prioritize multiple tasks, and deliver results in a fast-paced setting.

• Ability to work effectively within a team, across teams, and independently to achieve business objectives.

• Desire to work in a caring, respectful, and inclusive environment where all employees are supported.

ADDITIONAL INFORMATION

Educational Requirements; Must be graduated between May 2025 and May 2027 with a Bachelor's degree (Master's preferred) in Business, Economics, Finance, Mathematics, Risk, Statistics, or a related field, with high academic standing.

Program Location and Start Date: Toronto-based program which starts in July 2027. Candidates must have graduated prior to start (including final grades, excluding convocation).

Applications Must Include:

• Transcripts

• Cover letter, including an explanation of how the Associate Program fits within your career aspirations (one letter-sized page or less)

• Resume (maximum of 2 pages)

Hours & Workplace Model: Monday-Friday, standard business hours

INCLUSIVENESS

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.

We welcome all applications; however, we will only contact qualified candidates chosen for an interview. We thank all applicants for their interest!