Quantitative Analyst Job at TD Bank

TD Bank Toronto, ON

TD Description

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Department Overview

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 6,500 professionals operating out of 40 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.

The Global Strategy team analyzes global market trends across different assets classes, aiming to provide actionable insight to clients and investors. The team conducts research in global markets, using a range of economic, mathematical and statistical tools to prepare reports, generate ideas and discuss with clients and investors. It also has a close working relationship with trading and sales to support their broader business needs. The group covers business lines in foreign exchange, commodity, emerging market and interest rate-related securities.

Job Description

The candidate will provide direct support to a number of front office quantitative financial market and client analytics projects.
The specific tasks will include, but are not limited to, the following:
  • Designing, implementing, and supporting quantitative models across the global strategy team. These models include asset valuation models, macroeconomic forecasts, and trading signals that will be utilized to help aid in trading and sales flow and front-office business activities
  • Research and development of new macro trading signals.
  • To assist with the development and maintenance of codebase as required
  • Assist with development and testing of systematic backtesting/optimization engine.
  • Investigating/applying cutting edge quantitative ideas to improve systematic trading signals.
  • Building world class tools that assist strategists and traders in making trading decisions.
  • Maintenance and monitoring of daily operational tools for building daily signals.
  • Supporting and facilitating the daily maintenance requirements in collaboration with other team members in order to expedite and enhance the turnaround time on the requirements for the market strategy group
  • Performing literature research in quantitative techniques, big data trends and broader market trends to ensure that models and techniques dovetail with current market standards
  • Liaising with internal sales and trading teams and external clients, including institutional investors, government organization and corporations, to provide market insight
Experiences/Responsibilities to be Gained
  • Honing research and robust coding development skills, adhering to best practices,
  • Develop intuition about systematic trading and direct applications to the market
  • Exposure to a wide variety of quantitative tools and techniques.
  • Capital market research and analysis with potential for publication exposure. Access to internal clients, like sales and trading, and an immediate impact on the front-office business. These projects are a critical part of the global strategy business plan.
  • The incumbent is expected to gain experience writing code adhering to best practices.
  • Develop intuition about systematic trading.
  • Exposure to a wide variety of quantitative techniques
  • Be a versatile individual able to pivot between being a strong developer and world class researcher.
Skills to be Developed
  • Analytical Thinking
  • Business Growth and Development
  • Problem Resolution
  • Process Improvement
  • Product Innovation
  • Data Analytics
  • Expressive Communication
  • Managing for Results
  • Managing Technology
  • Market Insights
  • Results Focus

Job Requirements

  • 3-5 years' work experience in quantitative analysis, focusing on coding, data analysis, machine learning, back testing and/or econometrics
  • This role requires a versatile individual with strong research and software development skills (Proficiency in Python and strong experience with VBA, Excel and spreadsheet-based analysis
  • Technical: strong programming fundamentals (OOP and basic design patterns), statistics, machine learning (classical)
  • Problem solving and strong analytical / critical thinking skills + excellent communication skills.
  • Be ready to be a team player and want to make an impact to improve the efficiency of the team.
  • Machine learning experience is not required but another major plus; focus on data analysis and visualization techniques
  • Graduate degree in Computer Science, Mathematics, Engineering or Physics
  • Solid understanding of economic theory, principles and econometrics
  • Some experience with Bloomberg, Macrobond, Eviews, and/or Tableau preferred
  • Good team player with excellent mathematical, verbal and written communication skills
  • Ability to work in a fast-paced environment under strict deadlines
  • Prior buy or sell-side experience preferred

Additional Information

#LI-onsite

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.

Job Family

TDS Securities

Job Category - Primary

Securities / Wholesale Banking

Job Category(s)

Securities / Wholesale Banking

Hours

37.5

Business Line

TD Securities

Time Type

Full Time

Employment Type

Regular

Country

Canada

**Province/State (Primary)

Ontario

City (Primary)

Toronto

Work Location

TD Centre - East - 222 Bay Street

Job Expires

23-May-2023



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