Associate - CIB Credit, TD Securities

Investment Banking Credit Associate

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, Montreal, Calgary, Vancouver, New York, London, Singapore and Tokyo.

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.

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 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; and
• Interact with clients and credit adjudicators.
• Review and analyze reporting and compliance of existing clients and developing industry trends.

• 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 report
• Completes 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 report
• Responsible for time and staffing budgets for upcoming reviews
• Plans reviews
• Responsible for contact with management regarding scope, status, and findings
• Works at direction of Audit Manager
• Performs testing procedures for more critical areas of reviews
• Provides on-the-job training for staff
• Supervises findings follow up tasks with management and staff
• Is a subject matter expert in at least one area of discipline
• Works independently but receives assistance/coaching from the manager
• Participates and/or leads assigned special projects
• Provides feedback on staff performance on a project basis
• Updates, revises, and improves existing review procedures and programs
• Adds value through consultative interactions with business line management

Education & Experience:

• 3+ years of related experience
• Proven oral and written communication skills
• Proven knowledge of audit / loan review principles and practices
• Coaching and counseling skills
• Ability to delegate work to others
• Strong decision-making and follow through ability
• Solid PC skills (MS Office Suite)
• Works well independently and with others
• Proven analytical skills
• Ability to respond to shifting priorities quickly
• Proven team working experience
• Ability to build and maintain relationships with peers and management
• Strong knowledge of laws and regulations governing the banking industry
• Certification 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.

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

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.