2027 Summer Associate - Quantitative Rotation Program

Role Type:

Internship/Co-op

Work Term:

Summer/Term 3

Work Location:

New York, New York, United States of America

Hours:

40

Pay Details:

$30 - $60.00 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.

Job Description:

TD Securities 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. TD Securities provides a wide range of capital market products and services to corporate, government and institutional clients.  The firm works with clients around the world, focusing selectively and strategically on the key financial centers: Toronto, New York, London and Singapore.

TD Securities offers its U.S. based employees the advantage of working in a fast growing global investment bank. At TD Securities, you will gain exposure to various markets and gain a competitive advantage of your own.  You will be exposed to a wide variety of clients, industries, financing structures and products.

Job Description

TD Securities offers a flexible Quantitative Internship Rotation Program that is an unparalleled experience – where you’ll gain valuable insight into our vision to Build the Better Bank, while also strengthening the core skills and knowledge you’ll need to launch a successful career. The program provides an on-boarding curriculum, peer mentoring, professional training, and on the job experience in the core activities of TD Securities as well as ongoing leadership and career development throughout the rotational period. You will also have extensive networking opportunities and interaction / dedicated chats with senior leaders. Upon the completion of the summer program, high performing interns will receive the full time offer.

In this 10-week summer internship program, the participants will have two rotations in two different business areas and learn about our award-winning Global Market business, state of the art Quantitative & Modeling Analytics, and unrivalled Risk & Valuation technology.  In your application cover letter, please indicate your areas of interest for your rotation experience. It can be all the following areas or just some of them.

Global Markets

Global Markets is comprised of several sales and trading businesses across both Fixed Income and Equity products, including FX, Treasury, Corp Bond, Interest Rate Derivatives, Equity, Equity Derivatives, Electronic Trading, Automated Trading, Prime Brokerage, Research etc. The applicant will be placed directly into one of these teams and work with our industry leaders side by side.

Quantitative & Modeling Analytics

Quantitative & Modeling Analytics team is responsible for the pricing models and trading analytics in TD Securities. From developing automated trading algorithms to creating quantitative models and analytical tools, the team uses cutting edge technological and quantitative techniques to solve complex business problems across wide range of products and markets.

Risk & Valuation

Risk & Valuation group develops and maintains sophisticated risk and valuation models, robust and accurate methodologies and infrastructures to value and manage the risk in the bank.

Intern Responsibility

• Work closely with the sales and trading team
• Develop analytical tools to research market data, create trading ideas, and construct portfolios
• Use data science and statistics to produce data-driven, actionable insights for business
• Develop mathematical and quantitative models for valuation, risk management, and algo trading
• Evaluate and integrate new products and market data
• Create tools to optimize, automate and generate efficiencies
• Generate views and ideas about markets, P&L, trades
• Presenting research, ideas, and results to the sales / trading team
• Collaborate with Technology team and other TD teams for the platform build and workflow enhancement

Qualifications

• Graduation date Fall to December 2027 (master's degree or higher)
• Enrolled in a Master’s or PhD program in: Statistics, Applied or Computational Mathematics, Computer Science, Economics, Physics, Quantitative Finance, Operations Research, Data Science, Engineering or related quantitative field or a related quantitative field
• Computer programing skills and use of statistical software packages such as Python, R, SAS, SQL, Spark, Java, and C++
• Strong verbal, written communication and interpersonal skills
• Ability to manage multiple tasks and thrive in a fast-paced team environment
• Excellent analytical skills, with strong attention to detail

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.