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Job Information

TD Bank Senior Manager, Group Risk in Toronto, Ontario

Work Location:

Toronto, Ontario, Canada



Line of Business:

Risk Management

Pay Details:

We’re committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.

Job Description:

Department Overview

The Credit Risk Policy group is accountable for the management and control of credit risk across the organization including oversight and management of credit risk policies and credit risk allowances within TDBG, ensuring alignment with the Bank's risk appetite, business strategy and regulatory requirements.

The Credit Risk Policy group is also accountable for the oversight of non-retail credit risk models and methodologies, including Borrower Risk Rating (BRR) and Facility Risk Rating (FRR), Expected Credit Loss and Stress Testing models. Scope includes the platforms and interfaces used by stakeholders to generate risk ratings and expected credit loss estimates while ensuring alignment with TDBG policies and OSFI regulatory requirements.

The Opportunity:

This is a great opportunity for a seasoned risk management professional to lead a team managing credit risk models that deliver risk ratings and expected credit losses for the Canadian Commercial Banking, TD Securities, and investment portfolios.

This role acts as interface between stakeholders including credit risk, lines of business, model risk, finance and technology to manage AIRB-compliant risk models used in a variety of applications, including capital and expected credit losses.


The incumbent will provide model owner oversight for Non-Retail credit risk models including

  • Borrower & Facility Risk Rating Models and Policy-based Rating Methodologies

  • IFRS 9 / Expected Credit Loss Models and Methodologies

  • EWST stress testing models and methodologies

Key accountabilities include

Lead Model Ownership accountabilities

  • Provide effective model governance through model risk lifecycle, including Executive Steering Committee and model inventory management

  • Execute model performance monitoring for stakeholder review, including escalation for stakeholder action, where warranted

  • Support and monitor timely resolution of model-related issues by stakeholders, including model findings (OTRs) / observations identified by model risk, internal audit, regulator and/or other relevant stakeholders

  • Create and manage model support documentation, including User Guides

Support robust model review process

  • Ensure timely model review delivery consistent with model governance framework, including periodic reviews and ongoing validation

  • Support effective model reviews, through working groups, stakeholder challenge sessions and model documentation review (MDRs)

Act as subject matter expert for credit risk models and methodologies.

  • Undertake training and communication as required for model changes, new models, and as required to support implementation, address findings, OTRs and/or observations

  • Respond to ad hoc requests including participating in regulatory reviews and internal and external audits as needed

Develop presentations and/or reporting to address requests from senior management, regulators, internal and external audit and other stakeholders related to credit risk models and related processes

Job Requirements:

  • Undergraduate or graduate business degree or equivalent relevant experience.

  • Previous commercial and/or corporate lending experience strongly preferred (including familiarity with CAIRO / CARMA)

  • Knowledge and experience with credit risk models is a definite asset, including

  • Borrower & Facility risk rating adjudication

  • Model documentation, governance and management

  • Project execution and project documentation

  • Stakeholder management across risk, finance, technology, lines of business (Commercial / TD Securities)

  • Effective team leadership to deliver project initiatives and BAU reporting in a fast-paced and evolving environment

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 deliver legendary customer experiences to 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 the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

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.

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. 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.

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.


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:


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