Global Markets Intern/Co-op - Quantitative Engineering Development

Role Type:
Internship/Co-op

Work Term:
Fall/Term 1

Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Pay Details:
$90,000 - $90,000 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:

Business/Department Overview
The QED team provides a full suite of quantitative development and risk management services to global fixed income Sales and Trading desks, playing a pivotal role in providing quantitative solutions and development.

The team has two core mandates:
1) Deliver top-tier quantitative and pricing tools for trading desks across the region.
2) Responsible for live development request coverage, providing fast and accurate pricing and hedging solutions.

This is a fast-paced and dynamic team who have grown rapidly in line with the Bank's overall growth strategy. The team has an increasing global mandate, focusing on improving efficiencies and providing better quantitative tools to Global Fixed Income desks. This is an exceptional opportunity to work on a globally recognized team.

The Main Responsibilities Are
• Fixed income markets and product knowledge (swap, bond, options) across regions.
• Hands-on experience working with traders and sales to provide quantitative solutions.
• Insights on how the valuation model and risk hedging work.
• Development and coding skills in C++, Python and VBA.
• Exposure to the Global Fixed Income team, including broader trading team, sales, analytics, and tech team.
• A deep understanding of Fixed Income valuation models and pricing tools will be achieved.

Make An Impact

• Design and implement front-office solutions and strategies to optimize trading operations.

• Develop machine learning applications and training algorithms to meet analytical needs of the business.

• Assist with QED C++ library, Python projects and VBA code reviewing and updating.
• Oversee trade allocation, pro-actively liaising with middle and back office to resolve issues and ensure a seamless end to end experience.
• Idea generation - assist in other areas that suit the associate's skill set and interest.

Requirements - What You Need to Succeed
We're proud to work with a group of diverse colleagues. If you have relevant experience that isn't mentioned below, tell us about it in your resume or cover letter.

• Strong quantitative background with advanced mathematical and/or statistical ability
• Excellent problem-solving skills
• Computational and programming skills (e.g., C++, Python, VBA, Java, etc....)
• Excellent verbal and written communication skills; can explain complex technical issues in everyday language.
• Strong time management skills with the ability to work independently when required.
• Fast learner who grasps new concepts and techniques quickly
• Desire to work in a caring, respectful, and inclusive environment where all employees are supported.

Educational Requirements

• Graduating between Spring 2026 and December 2026 from a graduate program in a quantitative field such as mathematics, computer science, statistics, economics, finance, physics, engineering, or similar.

Skills/Capabilities to be Developed
• Gain and understand how fixed income markets and pricing models work.
• Develop coding and technical skills in a real live environment setting.
• Improve research, data analytics and quantitative development skills.

Expected Outcome of a Fall Co-op
• Develop a strong foundational understanding of the TD's fixed income business models as well as hedging aspect.
• Gain broad exposure to the Canadian fixed income markets and products, and how the pricing and calculation works in the backend.

Qualifications

• Current enrollment in a relevant post-secondary program
• Excellent problem-solving abilities and attention to detail.
• Proficiency in programming languages like C++ (VBA, Python, C# experience desirable).
• Effective communication skills and ability to work in a team.
• Familiarity with basic stochastic interest rate models and data analysis.

Early Talent Requirements

• Applications must include a transcript, cover letter (one letter-sized page or less) and a resume (maximum of 2 pages).
• We welcome all applications; however, we will only contact qualified candidates chosen for an interview. Thank you for your interest.
• TD requires employees to reside in the country where the role is located, irrespective of remote working arrangements

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 deliver legendary customer experiences to 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 the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing - and so will you.

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

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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.

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

Client-provided location(s): Toronto, Canada

Job ID: TD_bank-R_1438567

Employment Type: INTERN

Posted: 2025-08-13T23:44:36