TD Bank Portfolio Data Analyst III in Farmington Hills, Michigan
Portfolio Data Analyst III
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing over 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us . Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBankUS and www.twitter.com/TDNewsUS .
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com .
We offer a competitive salary and benefit program, including: comprehensive, affordable health care through medical, dental, and vision coverage; financial security with life and disability insurance; opportunities to save using health savings and flexible spending accounts; retirement benefits to help prepare for the future; paid time off and work/life benefits to maintain a good balance.
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TD Auto Finance (TDAF), a subsidiary of TD Bank, N.A. is headquartered in Farmington Hills, Michigan. The Risk Portfolio Analyst III performs the critical function of monitoring TDAF collection strategies and loan portfolio performance. A high degree of data analysis skill/experience along with attention to detail is required to be successful in this role. Duties of this position include, but are not limited to, the following:
• Portfolio data analytics, with a focus on collection performance.
• Designs and implements of new trend analysis to identify opportunities in strategies. Monitors performance of these strategies and summarizes findings and results for executive level presentations.
• Daily, weekly, and monthly monitoring of collections volumes, contact rates, cure rates, bad rates, and delinquency rates.
• Develops routine and ad hoc reports and analyses to support collection strategy development and collection performance
• Utilizes various software tools such as SAS, SQL, Python, Tableau, Excel, and PowerPoint
• Analysis of first payment defaults and other early warning indicators.
• Conduct meetings with stakeholders to identify trends and causes of early defaults. Recommends actions to mitigate emerging issues.
• Develops and maintains dashboards and reports that illustrate collections performance.
• Monitors performance of the Collection Models through preparation of statistical analysis.
• Provides backup to business analyst responsible for maintaining the STRATA collections decision engine including system user acceptance testing.
• Assists with roll rate forecast development and monitoring.
• Monitors key economic indicators and develops analysis that shows relationships between economic trends and TDAF performance.
• Serves as coach and mentor for junior analysts.
This is a hybrid role (2-3 days in office) at the TDAF headquarters in Farmington Hills MI
Performs functions noted for Risk Portfolio Analyst II
Manages complex analytical initiatives and interacts with TDCT Risk and Retail Lending lines of businesses
Works independently and interacts with internal/external accountants, auditors and bank regulators
Directs credit activities relating to risk exposure, credit policy, and credit underwriting changes to Senior Money-out Executives
Mentors junior level analysts
Oversees the retail credit portfolio analysis in support of financial, regulatory and risk management requirements
Provides guidance and assists staff with most complex aspects of work as necessary
Shares knowledge with others in the group
Contributes to and supports achievement of department/business unit goals
Acts as subject matter expert in assisting the Manager of Risk Analytics during the analysis for the US Allowance for Loan and Lease Losses (ALLL) for the Retail Credit Portfolios
Acts as a lead in other risk management related duties or special projects and performs additional duties as necessary
Exercises independent judgment by displaying and reaching conclusions on the most complex portfolio issues as well as assumes accountability for high quality recommendations regarding the credit portfolio
Supports results of analytical initiatives on portfolio modeling (including Basel), Stress Testing, migration analysis, and Allowance for Loan and Lease Losses (ALLL)
Develops analytical white papers for assigned portfolio considering current economic environments
Forecasts impact to assigned portfolio
Determines risk exposure, mitigation, and controls for new products, marketing campaigns, and expansion of existing programs
Establishes oversight of business lines compliance/risk controls and periodically evaluates risk mitigation efforts to make adjustments as risk/department influences change
Ensures TD Bank maintains successful audits and exams within all areas
- Must be eligible for employment under regulatory standards applicable to the position.
The Risk Portfolio Analyst III provides skilled analytical research, analysis, and project-oriented support. Analyzes the quality of key risk components of assigned retail credit portfolios. Provides analysis of portfolio risks and makes recommendations to Senior Management regarding the direction of future lending activities. Ensures delivery of accurate extracts for Basel Modeling exercises as well as serving as portfolio subject matter expert on Basel Model results. Interacts with external accountants and regulators; the Federal Reserve, Office of Controller of Currency (OCC), and Office of the Superintendent of Financial Institutes (OSFI) and interacts with Risk and Analytical professionals at TDCT and TDBFG. In accordance with the governing principles outlined in the TD Enterprise Risk Appetite Statement and the framework documented in the Retail Credit Risk Management Mandate, the Risk Portfolio Analyst is responsible to effectively manage, monitor and control risk of the retail lending segments within TD Bank.
At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach their potential.
If you are a candidate with a disability and need an accommodation to complete the application process, email the 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 application process.
EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.
Bachelor's degree required, Graduate Degree preferred or progressive work experience in addition to experience below
7 Years of related experience
Strong PC skills including proficiency in a variety of PC-based analytical and reporting software packages
In depth knowledge of portfolio analysis techniques and processes
Extensive analytical skills and practical knowledge of descriptive statistics
Excellent research skills required for industry analysis
Excellent written and verbal communication skills
Experienced in presenting to Senior Executives and Board of Directors
Experience with one or more of the following: SQL, SAS, Python, Tableau
Auto Finance data analytics experience a plus
27777 Inkster Road
TD Auto Finance
Job Category - Primary:
Market Risk Management
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