CrawlJobs Logo

Junior Quantitative Analyst

https://www.randstad.com Logo

Randstad

Location Icon

Location:
Canada , Toronto

Category Icon
Category:
Banking

Job Type Icon

Contract Type:
Not provided

Salary Icon

Salary:

Not provided
Save Job
Save Icon
Apply Position

Job Description:

Job Opportunity: Junior Quantitative Analyst (Model Development) We are currently recruiting for a Junior Quantitative Analyst on behalf of our client, a leading Financial Institution located in the heart of Toronto’s Financial District. This is an exceptional opportunity for a motivated professional with 0–2 years of experience to join a high-performing team focused on credit risk model recalibration and enhancement. Job Description In this role, you will be a key contributor to the Non-Retail Model Development (NRMD) team. Your primary focus will be the development and ongoing support of Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models. These models are critical to the bank’s Advanced Internal Ratings Based (AIRB) framework, directly impacting Risk Weighted Assets (RWA) and Capital requirements under Basel III and OSFI regulations. You will work in a hybrid environment (4 days per week onsite) at the TD Centre in Toronto, utilizing advanced statistical approaches and multiple programming languages to navigate evolving regulatory requirements and industry best practices.

Job Responsibility:

  • Model Development: Perform key tasks in AIRB model development, including calibration, performance testing, and data cleansing
  • Programming & Analysis: Read, write, and execute code in SAS, Python, R, and C++ to support portfolio segmentation, backtesting, and benchmarking
  • Documentation: Prepare detailed technical reports outlining statistical backgrounds, modeling choices, and compliance with regulatory guidelines
  • Research: Conduct literature reviews to identify modeling best practices (e.g., Monte Carlo simulations, bootstrapping, and expected utility maximization)
  • Stakeholder Communication: Participate in daily touchpoints with management and prepare summaries of key decisions and modeling outcomes for internal stakeholders.

Requirements:

  • Bachelor’s Degree required, specifically in Computer Science, Mathematics, Statistics, or a related quantitative field
  • 0–2 years of overall experience
  • Proficiency in programming (Python, SAS, or R is required)
  • Strong foundational knowledge of mathematical and statistical modeling
  • Familiarity with quantitative finance techniques (e.g., Merton or Vasicek models) and C/C++ is considered a strong asset
  • Excellent work ethic, adaptability to changing priorities, and strong written/verbal communication skills for technical reporting.

Nice to have:

Familiarity with quantitative finance techniques (e.g., Merton or Vasicek models) and C/C++ is considered a strong asset.

What we offer:
  • Premier Organization: Gain experience within a top-tier North American Financial Institution
  • Professional Growth: Comprehensive 2–4 week training period designed to integrate you into complex modeling workflows
  • High-Impact Projects: Contribute directly to Return on Equity (ROE) initiatives through model recalibration and enhancement
  • Collaborative Culture: Work within a tight-knit team of eight experts in an environment that values innovation and academic rigor.

Additional Information:

Job Posted:
May 05, 2026

Expiration:
June 20, 2026

Employment Type:
Fulltime
Work Type:
Hybrid work
Icon
Randstad - All Job Offers
Job Link Share:
Copy Link Icon
Facebook Icon Twitter Icon LinkedIn Icon

Looking for more opportunities? Search for other job offers that match your skills and interests.

Briefcase Icon

Similar Jobs for Junior Quantitative Analyst

Historical Data Management Quantitative Analyst

The Historical Data Management (HDM) team within Market & Counterparty Risk Anal...
Location
Location
Poland , Warsaw
Salary
Salary:
Not provided
https://www.citi.com/ Logo
Citi
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • Educated to postgraduate level, with an excellent academic record in a quantitative field (e.g. mathematics, physics, computer science, statistics, econometrics, quantitative finance, etc.)
  • 3+ years of relevant working experience, financial risk area is preferred
  • Programming experience with statistical analysis methods (team uses Python + SQL, knowing other languages, e.g. R, Matlab, VBA, may help but is not essential)
  • Keen interest in banking and finance, especially in the field of Risk Management
  • Consistently demonstrates clear and concise written and verbal communication skills
  • Self-motivated and detail oriented
  • Demonstrated project management and organizational skills and capability to handle multiple projects at one time
Job Responsibility
Job Responsibility
  • Conducting quantitative data analysis, including preparation of statistical and non-statistical data exploration, data validation, and identification of data quality issues
  • Report major data quality issues and follow up with the recommended actions
  • Analyzing and interpreting data reports, making recommendations addressing business needs
  • Work with project management team to ensure timely delivery of the project
  • Creating formal documentation for developed system, observing system reports and take actions, work with supporting Technology teams to address issues
  • Optimizing monitoring systems, document optimization solutions, and present results to non-technical audiences
  • write formal documentation using technical vocabulary
  • Introducing process automation of data extraction and data pre-processing tasks, performing ad-hoc data analyses to improve the processes, design and maintain complex data manipulation processes, and provide documentation and presentations
  • Help in training of junior quantitative analysts, sometimes also contributing to organization of their work, which may potentially include managing of junior team members
What we offer
What we offer
  • Competitive salary & social benefits (e.g. private healthcare care, Benefit System, life insurance)
  • Work in a friendly and diversified environment, appreciating differences in style and perspective and using them to add value to decisions leading to organizational success
  • A great environment for learning new technology and tools, online and instructor led training opportunities
  • Working in a friendly, dynamic and multinational environment
  • Opportunity to have an influence on the way you perform your tasks - our teams are constantly looking for new and better ways and we encourage all improvement ideas
  • A chance to make a difference with various affinity networks and charity initiatives
  • Fulltime
Read More
Arrow Right

Junior Investors Analyst

Gain.pro is on a mission to serve everyone who wants to find, understand and tra...
Location
Location
India , Bangalore
Salary
Salary:
Not provided
gain.pro Logo
Gain.pro
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • Hold a Bachelors degree in finance, economics, business or a quantitative field and have consistently achieved excellent results
  • Recent graduate with relevant internship experience preferably in financial research for PE, Investment Bank or Strategy consultancy
  • Showcase a strong interest in private equity and investment banking, and appreciate world-class investment research and in-depth analyses
  • Intrigued by detailed research and analysis and an eye for detail
  • World-class communication skills
  • Very structured and enjoy working with clear deliverables and targets
Job Responsibility
Job Responsibility
  • Be an integral part of a dedicated Investors team within the Private Equity Intelligence group of Gain.pro
  • Contribute to building the Global investor product by researching and collecting investor level strategy and fund information & data
  • Support in investors’ portfolio vetting to ensure accuracy, recency & completeness
  • Perform regular, in-depth checks of news & events linked to the investors on our platform and update the investor profiles (e.g. fund launch & raising, strategy updates, major transactions)
  • Support value-added data projects for research and strategy purpose (e.g. new investor product enhancements/initiatives)
  • Work in close cooperation with experienced Private Equity Intelligence team members to enhance the quality and depth of investor research
  • Join us on an exciting journey and will have the freedom to leave your personal note in a high growth scale-up
Read More
Arrow Right

Junior Business Analyst - Global Licensing

We are looking for a Junior Global Licensing Analyst to join our dynamic and fas...
Location
Location
France , Paris
Salary
Salary:
Not provided
https://feverup.com/fe Logo
Fever
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • Bachelor’s or Master’s degree in Engineering or Business from a Grande École
  • Strong problem-solving skills, focusing on quantitative thinking and analysis, and experience with complex Excel formulas
  • Excellent verbal and written communication skills, with the ability to articulate ideas clearly and effectively to internal and external stakeholders
  • Professional working proficiency in English is required
  • Additional languages are a plus
  • Since day-to-day conversations in the office are typically in French, a basic level is helpful for smooth integration
  • Previous internships and experience in fast-paced environments are highly valued
Job Responsibility
Job Responsibility
  • Support on model creation and maintenance for revenue and EBITDA forecasting
  • Develop tailored commercial proposals for IPs and geographies, conduct ad-hoc cost analyses
  • Conduct weekly pipeline management meetings with cross-functional teams
  • Review and refine existing processes for efficiency and monitor implementation
What we offer
What we offer
  • 40% discount on all Fever events and experiences
  • Health insurance
  • Transport Card and Meal tickets subsidised by the company
  • Gymlib membership
  • Responsibility from day one and professional and personal growth
  • Great work environment with a young, international team of talented people to work with
  • Free food, drinks, and fruit at the office
  • Fulltime
Read More
Arrow Right

Quantitative Lead Analyst

The Model/Anlys/Valid Officer is a strategic professional who stays abreast of d...
Location
Location
India , Mumbai
Salary
Salary:
Not provided
https://www.citi.com/ Logo
Citi
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • 6-10 years experience
  • proficient in Microsoft Office with an emphasis on MS Excel
  • consistently demonstrates clear and concise written and verbal communication skills
  • self-motivated and detail oriented
  • demonstrated project management and organizational skills and capability to handle multiple projects at one time
  • practical experience using SAS or similar statistical coding software to build and test prediction models
  • comfortable interfacing with business clients
  • proficiency handling very large data sets
  • experience in a quantitative role in risk management at a financial institution with experience in either model development or validation
  • good knowledge and understanding of a variety of model development and validation testing techniques covering risk models
Job Responsibility
Job Responsibility
  • Develops, enhances, and validates the methods of measuring and analyzing risk, for all risk types including market, credit and operational
  • manages model risk across the model lifecycle including model validation, ongoing performance evaluation and annual model reviews
  • produces analytics and reporting used to manage risk for Citi's operations
  • translates operational requests from the business into programming and data criteria and conducts systems and operational research in order to model expected results
  • assists in the development of analytic engines for business product lines
  • communicates results to diverse audiences
  • conducts analysis and packages it into detailed technical documentation report for validation purposes sufficient to meet regulatory guidelines and exceed industry standards
  • participates on teams to solve business problems
  • identifies modeling opportunities that yield measurable business results
  • provides guidance to junior validators as and when necessary
  • Fulltime
Read More
Arrow Right

Junior Global Licensing Analyst

We are looking for a Junior Global Licensing Analyst to join our dynamic and fas...
Location
Location
France , Paris
Salary
Salary:
Not provided
https://feverup.com/fe Logo
Fever
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • Bachelor’s or Master’s degree in Engineering or Business from a Grande École
  • Strong problem-solving skills, focusing on quantitative thinking and analysis, and experience with complex Excel formulas
  • Excellent verbal and written communication skills, with the ability to articulate ideas clearly and effectively to internal and external stakeholders
  • Professional working proficiency in English is required
  • Additional languages are a plus
  • Since day-to-day conversations in the office are typically in French, a basic level is helpful for smooth integration
  • Previous internships and experience in fast-paced environments are highly valued
Job Responsibility
Job Responsibility
  • Support on model creation and maintenance for revenue and EBITDA forecasting
  • Develop tailored commercial proposals for IPs and geographies, conduct ad-hoc cost analyses
  • Conduct weekly pipeline management meetings with cross-functional teams
  • Review and refine existing processes for efficiency and monitor implementation
What we offer
What we offer
  • 40% discount on all Fever events and experiences
  • Health insurance
  • Transport Card and Meal tickets subsidised by the company
  • Gymlib membership
  • Responsibility from day one and professional and personal growth
  • Great work environment with a young, international team of talented people to work with
  • Free food, drinks, and fruit at the office
  • Fulltime
Read More
Arrow Right

Junior - Mid Level Cost Analyst

We are seeking highly motivated individuals with a strong work ethic to support ...
Location
Location
United States , Lexington Park
Salary
Salary:
50000.00 - 70000.00 USD / Year
tecolote.com Logo
Tecolote Research
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • 24 semester hours of quantitative course work (mathematics, statistics, engineering, physics, chemistry, etc.) to include three hours of college level calculus
  • Proficiency in Microsoft Office (Excel, Word, Access, and PowerPoint)
  • Proficiency in cost estimating software (e.g. ACEIT, Crystal Ball)
  • Some level of experience in life-cycle cost estimate development, risk/uncertainty analysis, and model documentation
  • Knowledge of DoD acquisition processes, regulations, and best practices pertaining to cost estimating
  • Cost and Software Data Reporting (CSDR)
  • Work Breakdown Structure (WBS) development with MIL-STD-881
  • Experience with proposal analysis and preparing cost-related Contract Data Requirements Lists (CDRLs)
  • DoD Secret Clearance
  • Bachelor’s degree required, preferably in math, engineering, business, or the sciences
Job Responsibility
Job Responsibility
  • Contribute to and/or conduct cost analyses and cost estimates for Life Cycle Cost Estimates, Program Office budgets, Contract Proposals, and other cost products as requested
  • Conduct monthly/quarterly analysis on cost-related CDRLs submitted by industry partners
  • Provide analytical support for program controls and reporting, and financial execution and budgets
  • Coordinate and defend results with and across other organizations and contractors
What we offer
What we offer
  • Company Paid Major Medical Insurance for employees and family members
  • Dental Insurance for employees and family members
  • Vision Insurance for employees (employee-paid for family members)
  • Group Life Insurance
  • Accidental Death and Dismemberment Insurance
  • Travel Accident Insurance
  • Long-Term Disability
  • Voluntary Short-Term Disability
  • Supplemental Life Insurance
  • Flexible Spending Account (pre-tax deferrals for health care expenses)
  • Fulltime
Read More
Arrow Right

Balance Sheet Management Lead Analyst

The Balance Sheet Management Lead Analyst will drive sophisticated balance sheet...
Location
Location
India , Mumbai
Salary
Salary:
Not provided
https://www.citi.com/ Logo
Citi
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • Bachelor's (Master's preferred) degree in Finance, Economics, Mathematics, Computer Science, Operations Research, or related field
  • 8-12 years' experience in treasury, ALM, balance sheet strategy, or risk modelling roles
  • Proficiency in Python programming and optimization techniques
  • Prior exposure to QRM or other ALM systems strongly preferred
  • Strong ability to translate financial system dynamics into models and insights
  • Curiosity and self-motivation to understand how banks work and solve problems from first principles
  • Excellent communication and stakeholder management skills
  • Solid understanding of capital, liquidity, and interest rate risk regulations
  • End-to-end knowledge of Capital, Liquidity, and Interest Rate Risk management
Job Responsibility
Job Responsibility
  • Design frameworks that integrate Capital, liquidity, and funding strategies into a cohesive optimization environment
  • Partner with engineers and data providers to ensure QRM is fully aligned with upstream and downstream data feeds
  • Build and enhance models to simulate, stress-test, and optimize the firm's balance sheet
  • Lead configuration and rollout of QRM, including product hierarchies, data models, and scenario frameworks
  • Translate business requirements into modelling solutions and present results to senior stakeholders
  • Ensure all models and processes meet regulatory standards and governance frameworks
  • Provide technical direction and knowledge transfer to junior team members
What we offer
What we offer
  • Direct exposure to senior leadership and treasury strategy
  • Opportunity to grow career, give back to community and make real impact
  • Global benefits supporting well-being, growth and work-life balance
  • Fulltime
Read More
Arrow Right

Senior Validation Analyst - Credit Derivatives

This role sits in the credit derivatives and structured product market valuation...
Location
Location
Poland , Warsaw
Salary
Salary:
Not provided
https://www.citi.com/ Logo
Citi
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • 5+ years of relevant working experience
  • Solid knowledge of credit derivatives and structured products and analytics
  • Knowledge of term structure models and industry best practices
  • Knowledge and understanding of Rates and XVA would be valuable
  • Excellent quantitative and analytic skills including stochastic calculus, Monte Carlo simulation, and numerical methods
  • Strong communication and documentation skills
  • Ability to work independently as a validator as well as collaboratively as a team player
  • Working experience of Python is strongly preferred
  • Knowledge of C++ is a plus
  • Master's Degree or equivalent in a quantitative field (e.g. Mathematics, Physics, Engineering, Quantitative Finance, Statistics) is required
Job Responsibility
Job Responsibility
  • Validate models and manage model risk related issues in credit derivatives and structured products pricing area
  • Provide effective challenge in regards to mathematical formulation, model assumptions and limitations, calibration, implementation, numerical performance, and business uses
  • Assess and quantify model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls
  • Develop independent benchmarking tools for validation purposes across the team
  • Write high-quality model validation documents in compliance with model risk management policy and procedures
  • Provide subject matter expertise to stakeholders and guidance to junior team members
  • Represent the firm in interactions with regulatory agencies
  • Contribute to strategic, cross-functional initiatives within MRM as needed
What we offer
What we offer
  • Private Medical Care Program
  • Life Insurance Program
  • Pension Plan contribution (PPE Program)
  • Employee Assistance Program
  • Paid Parental Leave Program (maternity and paternity leave)
  • Sport Card
  • Holidays Allowance
  • Sport and team recreation activities
  • Special offers and discounts for employees
  • Access to an array of learning and development resources
  • Fulltime
Read More
Arrow Right