2027 Summer Associate - Quantitative Rotation Program

TD Securities – Quantitative Internship 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. Compensation policies and practices allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based on the candidate’s skills and experience, job-related knowledge, geographic location, and other business and organizational needs. Candidates are encouraged to ask compensation-related questions and discuss details with their recruiter.

About TD Securities

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 markets 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 U.S.-based employees the advantage of working in a fast-growing global investment bank. You will gain exposure to various markets and strengthen your skills and knowledge across a wide variety of clients, industries, financing structures, and products.

Program Overview

TD Securities offers a flexible Quantitative Internship Rotation Program. The program provides onboarding curriculum, peer mentoring, professional training, and on-the-job experience in core activities of TD Securities, along with ongoing leadership and career development throughout the rotational period. You will also have extensive networking opportunities and interaction with senior leaders. Upon completion of the summer program, high-performing interns will receive a full-time offer.

This 10-week summer internship program includes two rotations in two different business areas. Participants will learn about TD Securities’ Global Markets business, Quantitative & Modeling Analytics, and Risk & Valuation technology. In your application cover letter, indicate your areas of interest for your rotation experience (all or some of the areas below).

Global Markets

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

Quantitative & Modeling Analytics

The Quantitative & Modeling Analytics team is responsible for 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 a wide range of products and markets.

Risk & Valuation

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

Intern Responsibilities

• 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 the 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, and trades
• Present research, ideas, and results to the sales/trading team
• Collaborate with the Technology team and other TD teams for 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 a related quantitative field
• Programming skills and experience with statistical software packages such as Python, R, SAS, SQL, Spark, Java, and C++
• Strong verbal, written, and interpersonal communication skills
• Ability to manage multiple tasks and thrive in a fast-paced team environment
• Excellent analytical skills with strong attention to detail

Our Total Rewards Package

TD’s Total Rewards package 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), as well 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.

Additional Information

Through regular development conversations, training programs, and a competitive benefits plan, TD is committed to providing the support colleagues need to thrive at work and at home. You will have regular career, development, and performance conversations with your manager, access to an online learning platform, and mentoring programs to unlock future opportunities.

TD is committed to 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.

Training & Onboarding

TD will provide training and onboarding sessions to ensure you have everything needed to succeed in your new role.

Interview Process

TD will reach out to candidates of interest to schedule interviews and will communicate outcomes to 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, 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 applicant process.