Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Credit Management

Pay Detail:

$110,000 - $200,000 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:

At TD Securities, the Investment Banking Credit function is an integral part of the full suite of services we offer under Investment Banking.  Our Investment Banking professionals provide corporate and institutional clients with capital markets and banking advice and transaction executions worldwide.

TD Securities offers its U.S. based employees the advantage of working in a highly focused operation, while being part of a major global investment dealer.  Confidence in our U.S. operations systems stems from the recognition of our in-depth industry knowledge and from our outstanding credit, structuring, research and distribution capabilities.

At TD Securities, you will learn the financing business and gain a competitive advantage of your own.  You will be exposed to a wide variety of clients, industries, financing structures and products.  You will also work in a team environment, building your corporate and leveraged finance banking skills necessary to be successful in the industry. 

Analysts in our Corporate and Leveraged Finance groups are involved with the structuring, execution and monitoring of debt transactions from inception through closing.  Working with clients in a variety of industries, you will gain exposure to different business models and industry dynamics.

In this capacity you will:

Spread and monitor clients’ historical financial performance;Create detailed models to project clients’ future cash flows and  debt ratios;Gather and analyze trends in qualitative and quantitative data;Analyze deal structures;Prepare and present diligence and structuring recommendations;Compile data through due diligence and prepare comprehensive reviews that analyze transactions and client risks;Assist with deal negotiations and documentation; andPrepare client presentations.

Qualifications:  Undergraduate degree preferably in Business (Accounting or Finance) or Mathematics/Economics with a combination of strong financial/analytical skills and excellent verbal and written communication abilities.  Other undergraduate majors will be considered if the candidate demonstrates the necessary skill set.  Successful candidates must have the capacity to become adept at financial modeling and be able to work effectively in a team environment.

Associates in our Credit groups have the opportunity to gain exposure to various industries, products and client groups.  Working closely with the Investment Banking teams, Associates support financing requirements to specific industry groups including communications & media, forest products and international banking.  Associates are assigned to a specific industry group at the commencement of their placement.

In this capacity you will:

Research and analyze clients’ financial metrics, industry and market data;Construct detailed models that help establish suitable capital structures, financial covenants, and sensitivity to key variables;Compile data through due diligence and prepare comprehensive reviews that analyze transactions and client risks;Analyze deal structures;Assist with deal negotiations and documentation; andInteract with clients and credit adjudicators.Review and analyze reporting and compliance of existing clients and developing industry trends.

The Analysts and Associates in CIB Credit reviews mortgage loans for underwriting quality to assess risk as required by OCC and other regulators.

Depth & Scope

Generally leads a team focused on credit risks on assigned reviews and generally assumes the lead position on the review, providing supervision and assignments to team members as Auditor In Charge as well as reviewing work papers completed by staff and drafting reportCompletes loan reviews directly which involves reviewing assigned loans from a spreadsheet; seek out underwriting errors and/or process concerns; report findings or that there are no findings; mark loan as reviewed/completed and generated reportResponsible for time and staffing budgets for upcoming reviewsPlans reviewsResponsible for contact with management regarding scope, status, and findingsWorks at direction of Audit ManagerPerforms testing procedures for more critical areas of reviewsProvides on-the-job training for staffSupervises findings follow up tasks with management and staffIs a subject matter expert in at least one area of disciplineWorks independently but receives assistance/coaching from the managerParticipates and/or leads assigned special projectsProvides feedback on staff performance on a project basisUpdates, revises, and improves existing review procedures and programsAdds value through consultative interactions with business line management

Education & Experience:

3+ years of related experienceProven oral and written communication skillsProven knowledge of audit / loan review principles and practicesCoaching and counseling skillsAbility to delegate work to othersStrong decision-making and follow through abilitySolid PC skills (MS Office Suite)Works well independently and with othersProven analytical skillsAbility to respond to shifting priorities quicklyProven team working experienceAbility to build and maintain relationships with peers and managementStrong knowledge of laws and regulations governing the banking industryCertification highly preferred or willingness to pursue certification

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.

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. 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

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 application process.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.