Credit Risk Analyst II

Work Location:

Hours:

Line of Business:

Pay Details:

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:

Department Overview:

Credit Risk Reporting & Allowance coordinates and produces a wide array of analysis, reporting, and insights largely associated with the Bank's credit portfolios, executes on the allowance methodology for the Canadian non-retail portfolios, and manages the allowance governance process. The group's mandate supports a broad array of stakeholders including the Risk Management Leadership Team and their respective groups, Finance, Investor Relations, the Businesses, our regulators, and at times the SET and the Board.

Job Overview:

Reporting to the AVP, Allowance for Credit Losses, the Risk Analyst will support the reporting, and analysis of the allowance and provision for credit losses (ACL and PCL) for the enterprise, including the preparation and consolidation of governance presentation materials. This role requires the practical application of IFRS 9 expected credit losses concepts, internal controls, data transformation, and visualization tools. This position is ideal for a detail-oriented professional with strong critical thinking skills, who enjoys solving problems and working with data, with exceptional commitment to quality.

Job Description:

• Preparation and consolidation of quarterly ACL execution result in accordance with IFRS 9 for the enterprise.
• Ensure accuracy and integrity of ACL/PCL reporting through rigorous review, reconciliations, and validation procedures.
• Prepare and analyze management and regulatory reports related to ACL/PCL, using tools to automate outputs.
• Perform first-level investigations and escalation of issues/gaps with clear supporting documentation.
• Design and maintain efficient, scalable workflows to support production and streamline analysis.
• Support and enhance internal controls, governance, and audit readiness activities to ensure compliance with internal policies, audit, and regulatory expectations.
• Apply strong self-review practices to verify accuracy of outputs and identify opportunities to enhance efficiency and reduce operational risk.
• Develop strong knowledge of IFRS 9 ACL methodologies, assumptions, and model outputs to support execution and analysis.
• Collaborate effectively with cross-functional teams including Finance, Credit Risk, Data Management, and Model Development to support end-to-end ACL processes.
• Contribute to internal and external audits and regulatory reviews, provide supporting documentation and responding to inquiries.
• Provide support to the Canadian Commercial and Wholesale Allowance teams as required.

Requirements:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• 2+ years of experience in credit risk, finance, or accounting roles, preferably within a financial institution. Knowledge/Experience with IFRS 9 ACL processes preferred.
• Effective verbal and written communication skills, with the ability to explain findings clearly and concisely.
• Highly responsive to time-sensitive requests and ad-hoc inquiries, with strong sense of urgency.
• Strong organizational skills with the ability to manage multiple priorities and drive tasks to completion within deadlines.
• Critical thinking skills, able to ask the right questions and challenge assumptions where appropriate.
• Exceptional attention to detail, with a strong focus on accuracy, consistency, and quality of deliverables.
• Demonstrated ability to apply a strong control mindset in execution, including quality checks, identification of control gaps or weaknesses and supporting enhancement activities.
• Advanced proficiency in Excel, including hands-on experience with data mapping, data preparation and automation.
• Experience with Python, SQL/database querying, Power BI and utilizing AI-assisted development and analytics tools is considered an asset.
• Demonstrate willingness to learn, take initiative, and contribute to continuous process improvement.

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 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.

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.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

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.

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.

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.

Accommodation
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 (Quebec only):