Audit Manager I (US) – Model Risk Audit

Work Location: New York, New York, United States of America

Hours: 40

Pay Details: 77,260.00 - 128,940.00 USD

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.

Line of Business: Audit Job Description:

Job Description:

The Audit Manager I executes audits for an assigned business, function or project as part of a team or as an individual contributor and/or provide subject matter expertise on audits ranging in complexity. May manage/lead a number of moderately complex audits, related engagement and/or projects/initiatives. and has responsibility for completion of the audit.

Depth & Scope:

• Works as an audit subject matter expert and may coach and educate others

• Oversees and/or independently performs audits from end-to-end

• May lead moderately complex audits and have responsibility for completion of the audit

• Undertakes and completes a variety of projects and initiatives, may include the integration of cross functional processes within own area of expertise

• Ability to process and handle confidential information with discretion

• Strong understanding of and practical experience with quantitative financial models, including Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), and other credit loss models; discounted cash flow and derivatives pricing models; Treasury non-trading market risk models; counterparty credit risk models; Value-at-Risk (VaR) models; portfolio risk and performance models; as well as Financial Crime Risk (AML/BSA) and fraud detection models. Demonstrated ability to assess model design, development, validation, implementation, performance monitoring, and governance across these model types.

• Strong knowledge of statistical and quantitative techniques, including regression analysis, hypothesis testing, probability theory, time series analysis, stochastic processes, simulation methodologies, model performance measurement, and model monitoring. Demonstrated experience in assessing AI-related risks, with practical expertise in reviewing and evaluating Machine Learning (ML), Generative AI (GenAI), and/or Agentic AI models, including their development, validation, governance, and ongoing performance monitoring.

• AML/BSA model experience is preferred but not strictly required, including familiarity with transaction monitoring, alert triage, customer risk rating, and screening models.

• Experience evaluating model assumptions, data quality, feature engineering, model limitations, performance, governance, explainability, fairness, robustness, and ongoing monitoring across traditional statistical, machine learning, and AI models.

• Proficiency in one or more programming languages or analytical platforms, such as Python, SQL, SAS, R, MATLAB, VBA, or other quantitative and data analytics technologies.

• Experience with model implementation, deployment, lifecycle management, and production model environments is considered an asset.

• Knowledge of model risk management frameworks, regulatory expectations, and industry standards, including SR 26-2, Basel, CCAR, CECL/IFRS 9, and AI governance frameworks, is preferred.

• Prior experience conducting model audits, model validations, or independent model reviews within financial institutions, regulatory organizations, or consulting firms is highly desirable.

• Strong analytical, critical thinking, and problem-solving skills, with the ability to assess complex quantitative and AI-related risks.

• Excellent written and verbal communication skills, with the ability to effectively communicate complex quantitative, statistical, and AI concepts to both technical and non-technical stakeholders.

• Proven ability to manage multiple priorities and deliver high-quality results in a fast-paced environment.

• Experience coaching, mentoring, and developing team members, while contributing to the enhancement of audit methodologies, tools, and best practices.

• Demonstrated ability to lead or support moderately complex audit engagements, model reviews, and cross-functional initiatives, while collaborating effectively with diverse stakeholders and senior management.

• 5+ years of relevant experience in quantitative areas

Education & Experience:

• Undergraduate degree required

• 5+ years of relevant experience

• AML/BSA model experience is preferred but not strictly required, including familiarity with transaction monitoring, alert triage, customer risk rating, and screening models.

• Undergraduate degree in Mathematics, Statistics, Economics, Finance, Physics or Engineering etc. with solid training of quantitative financial modelling techniques; graduate degrees preferred.

Preferred Skills:

• Analytical skills

• Computer skills

• Effective Communication

• Interpersonal Skills

• Negotiation Skills

Customer Accountabilities:

• Conducts audit work based on established audit plans and executes the audit in accordance with established standards ensuring completion

• Executes testing of controls such as but not limited to walkthroughs (leading and documentation), test scripts (development and execution), and issue management (identification and capturing in the grid)

• May execute the development of Audit Planning Memorandum (APM), Process Risk and Control Matrix (pRCM), Findings Grid and Audit Report

• May complete L1 reviews/sign off on all audit activities (i.e. walkthroughs, test scripts, test results, grid, evidence uploads)

• Contributes to the audit planning process for specific audits, ensuring appropriate programs and audit risk assessments are completed accordingly

• Manages the ongoing audit communications process with the stakeholders during and subsequent to the audit

• Presents objective and independent audit opinion on the adequacy of internal controls in accordance with established professional audit standards, including presentation of findings and recommendations to stakeholders and audit management

• Executes follow-up of findings raised from regulatory and internal divisional audits in accordance with firm policy

• Provides subject matter expertise and/or input to audit projects/initiatives as a representative for area of specialization identify key risks and identify opportunities where controls are missing or are inadequate to mitigate these risks

Shareholder Accountabilities:

• Adheres to internal policies / procedures, enterprise frameworks and methodologies and applicable regulatory guidelines, contributes to the review of internal processes and activities and assist in identifying control weaknesses / failures, potential opportunities to improve operational efficiencies for own business area

• May develop and provides complex reporting, analysis, and assessments at the functional or enterprise level

• Prioritizes and manages own workload to deliver quality results and meet assigned timelines

• Keeps current on emerging trends / developments and grows knowledge of the business, analytical tools and techniques and apply them where appropriate

• Develops and delivers audit findings, presentations / communications to management or broader audience

• Assesses / identifies key issues and escalates to appropriate levels and relevant stakeholders where required

• Contributes to the analysis, due diligence and implementation of initiatives within defined area of responsibility

Employee/Team Accountabilities:

• Continuously enhances knowledge / expertise in own area

• Supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues / points of interest

• Identifies and recommends opportunities to enhance productivity, effectiveness and operational efficiency

• Establishes effective relationships across multiple businesses

• Participates in knowledge transfer within the team and business units

• Works to achieve individual goals and support other team members in the achievement of team goals and divisional objectives

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel – Occasional

• International Travel – Never

• Performing sedentary work – Continuous

• Performing multiple tasks – Continuous

• Operating standard office equipment - Continuous

• Responding quickly to sounds – Occasional

• Sitting – Continuous

• Standing – Occasional

• Walking – Occasional

• Moving safely in confined spaces – Occasional

• Lifting/Carrying (under 25 lbs.) – Occasional

• Lifting/Carrying (over 25 lbs.) – Never

• Squatting – Occasional

• Bending – Occasional

• Kneeling – Never

• Crawling – Never

• Climbing – Never

• Reaching overhead – Never

• Reaching forward – Occasional

• Pushing – Never

• Pulling – Never

• Twisting – Never

• Concentrating for long periods of time – Continuous

• Applying common sense to deal with problems involving standardized situations – Continuous

• Reading, writing and comprehending instructions – Continuous

• Adding, subtracting, multiplying and dividing – Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

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 base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. 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.

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 TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.