Risk Management - Model Validation Intern​/Co-op; Fall

Position: Risk Management - Model Validation Intern/Co-op (Fall 2026)

Description

:

DEPARTMENT OVERVIEW

Co-op and Internship opportunities allow you to gain valuable work experience acrossa number ofthe businessesat TD. You will work with experienced colleagues, receive world class training, and be part of a community of students across TD, where you will have an impact, grow asindividualand experience our culture of care.

Our

Co-op/Intern Programming

is offered with select Co-op and Internship roles and is designed to help you better understand the TD business, build on critical career capabilities, and broaden your professional network. This program is designed to complement your on-the job experience and features:

• Leadership talks with key Leaders from across the organization
• Lunch and Learnson topics such as Innovation
• Diversity and Inclusion and Personal Branding and so much more

The Model Validation (MV) group is a centralized model risk management function within the Bank. It has seen fast growth in the past few years reflecting global regulators’ increasing attention on model risk. The Retail model validation team within MVis responsible forthe vetting and approval of complex mathematical and statistical models used to measure the risk exposure inherent in retail and trading products, as well as to review,validateand approve models used for the calculation of risk capital for these businesses.

By ensuring an objective and independent evaluation of models, the model validation function is critical to the effective measurement and management of risk across the TD Bank Group.

JOB DESCRIPTION

• Perform validation of all modelsdeemedin-scope by the bank-wide Model Risk Policy. These models are used in the Bank for projecting RWA capital (PD/LGD/EAD), Pre-Provision Net Revenue (PPNR) estimates for stress testing purposes, adjudication/management/collection for various retail products,marketingand analytics, etc.
• Prepare detailed reports describing the mathematical analytics of the model, validation techniques employed, test results obtained, and any model limitations noted.
• Establish andmaintainproductive working relations with internal model development groups such as US and CAD Retail Model Development, Financial Stress Testing (FST), etc., as well as external vendors who have developed customized models for TD.
• Play a key role in ensuring theappropriate useof risk models.

Identifythe need to implement new models/techniques for risk management as industry standards evolve and regulatory requirements change.

JOB REQUIREMENTS

We’reproud to work with a group of diverse colleagues. If you have relevant experience thatisn’tmentioned

below, tell us about it in your resume or cover letter.

• Currentlyenrolled inan

undergraduate degree

instatistics, economics, finance, mathematics, computer science and engineeringor related field

• Must be enrolled in an undergraduate degree with the intent of going back to school atthe start of your work term(requirement of all co-op/intern positions)
• Strong statistical background and excellent analytical andproblem solvingskills
• Hands-on experience with relevant programming languages, such as Python
• Knowledge in retail banking products, customerbehaviours, and macroeconomic impacts is a definite asset
• Excellent verbal and written communication skills
• Good timemanagement and multitasking skills
• Quick learner who grasps new concepts and techniques quickly
• Must be a good team player

ADDITIONAL INFORMATION

• This position is a 4-month work term and willcommence

September-December

2026.

• Applications must include a transcript, cover letter (one letter-sized page or less) and a resume (maximum of 2 pages).
• We welcome all applications; however, we will only contact qualified candidates chosen for an interview. Thank you for your interest.
• TD requires employees toresidein the country where the role islocated, irrespective of remote working arrangements
• TD is committed to providing you with the best candidate experience and internship in these unique circumstances. As such, work location and start dates are subject to change.

We’redelighted thatyou’reconsidering building a career with TD. Through regular development conversations,

training programs and a competitive benefits…