Job Information
TD Bank Risk Management Associate - Preferred Candidate in Toronto, Ontario
Role Type:
Masters and Advanced Degrees
Work Location:
Toronto, Ontario, Canada
Hours:
37.5
Pay Details:
$90000 - $90000 CAD
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
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 are placed within Risk, you will make a meaningful impact, develop your skills, and thrive in our culture. Each rotation offers the following opportunities:
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 are interested in a specific career path or want to develop certain skills, we are committed to supporting your success. You will have regular career development and performance conversations with your manager, access to an online learning platform, and various mentoring programs to help you unlock future opportunities. Whether you are passionate about helping customers, want to expand your experience, or aspire to coach and inspire colleagues, there are numerous career paths at TD, and we are dedicated to helping you find opportunities that align with your goals.
Job Requirements
We are proud to work with a diverse group of colleagues. If you have relevant experience not explicitly listed, please include 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
Specific Educational Requirements/Accreditations:
Applicants must have graduated between May 2025 and May 2026 with a graduate degree in Business, Economics, Finance, Mathematics, Risk, Statistics, or a related field, with high academic standing.
Program Location and Start Date
This is a Toronto-based program which starts in July 2026.
Applications must include:
Transcript
Cover letter (one letter-sized page or less). If you are pursuing a graduate degree, please specify graduation month, date, and year in your cover letter.
Resume (maximum two letter-sized pages)
We welcome all applications; however, only qualified candidates selected for an interview will be contacted. Thank you to all applicants for your interest.
Hours & Workplace Model
- Monday to Friday (standard business hours)
Inclusiveness
At TD, we are committed to fostering an inclusive and accessible environment where all employees and customers feel valued, respected, and supported. We strive to build a workforce that reflects the diversity of the customers and communities we serve. If you require accommodation during the recruitment or interview process (such as alternative formats or accessible meeting rooms), please inform us, and we will work with you to meet your needs.
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 (http://www.td.com/ca/en/about-td/who-we-are/benefits-of-working-at-td)
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):
Sans Objet
Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.