Hours37.5Pay Details
We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with your recruiter and ask compensation related questions, including pay details for this role.
Responsibilities
You will also be responsible for ad-hoc reporting and monitoring of the credit risk profile of TD Securities' clients that are users of a wide variety of capital market trading products including
Department OverviewThe Global Counterparty Credit group is responsible for implementing and ensuring compliance with credit policies established by the Bank for the management of derivative credit exposures. Through strategic, tactical and risk-oriented teams of professionals, Global Counterparty Credit delivers the highest quality service and expertise to its stakeholders.Job DetailsThe Counterparty Credit Associate is part of our team of in-house credit professionals that works closely with the organization's Sales and Trading team. The Counterparty Credit team is involved with the origination process for the trading business and is responsible for the credit analysis and recommendation of credit/derivative facilities, enabling the various trading businesses/desks to transact with counterparties.
– Accountable for the prudent management of a designated portfolio of borrowing clients that are primarily institutional clients. Assigned Borrowers could include pension/hedge/mutual funds, financial institutions, broker/dealers, and quasi-government/government entities.
– Primary Focus Is To Assess And Manage The Credit Risk Of Borrowers That Are Active Users Of a Variety Of Credit Products, Including
– Derivatives (foreign exchange, interest rate, commodity, equity and credit derivatives)
– Financing products (securities / equities borrowing and lending, and repurchase transactions)
– Money market (commercial paper, bonds and asset-backed securities)
– Direct credit lines.
– Prepare and recommend high quality credit submissions for borrowers relating to new business proposals, interim and annual reviews
– Conduct appropriate market, industry and client credit analysis and clearly articulate recommendations on credit decisions and appropriate borrower risk ratings.
– Work closely with other product groups, including TDS Treasury Sales and Trading, TDS Cash Management and other business areas of TD, to ensure that credit needs are being met.
– Monitor ongoing performance of assigned borrowers including compliance with credit limits and conditions of credit authorization
– Identify potential problems requiring attention and recommend appropriate actions to manage the risks in any deteriorating situations on a timely basis.
– Contribute to a strong credit culture within the Credit team by raising issues on credit risk, reputational risk and operational risk.
– Provide a high level of client service; develop the client relationship by identifying cross-sell opportunities and coordinating with other business / product groups.
– Ensure that credit arrangements adequately balance the risk and return.
Job Requirements– Solid understanding of capital markets and derivative products as well as the inherent market and credit risks gained through work experience in a similar role
– Strong financial analysis and risk assessment skills
– Strong verbal and written communication skills
– Familiarity with legal documentation including ISDAs, repurchase agreements and loan agreements would be an asset
– Strong PC skills (credit processing, Moody's Financial Analyst, Microsoft Word, Excel)
– MBA And/or CFA An AssetAdditional Information OverviewOur Values
At TD we're guided by our purpose is to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and guide our behavior. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career and be part of our caring and inclusive culture.
Making Your Well-being a Priority
A caring and supportive culture that promotes colleague well-being is core to who we are. At TD, we focus on total well-being with extensive programs to help colleagues assess, manage, and improve their well-being across four core pillars — physical, financial, social and mental/emotional. In addition, we champion a safe, inclusive and supportive work environment to help colleagues feel a sense of belonging, and supported in their personal and professional growth. Through our focus on total well-being, we know that we can help our colleagues thrive, contribute to our culture of care, and support better business outcomes … because when colleagues feel their best, they're more likely to do their best.
Our Total Rewards Package
Our Total Rewards package reflects the investment we make in our colleagues to help them, and their families achieve their 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 including medical, dental, vision & mental health coverage, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.
How We Work
At TD, we believe in-person connections fuel collaboration and collective creativity. Our workplace experience empowers colleagues to do great work side-by-side at TD locations, while offering flexibility to work remotely where it makes sense for the work and team. Our teams work in one of three workplace models: hybrid, onsite and primarily remote. Wherever our colleagues are working, they'll always have access to the TD community and experience our culture of care.
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. 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 a customer obsessed organization, and we are 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.
Inclusiveness
Our Commitment to Diversity, Equity, and Inclusion
At TD, we're committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We're dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve.
How We're Helping Make An Impact In Communities
TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future. That's why we launched the TD Ready Commitment in 2018, now a multi-year North American initiative. Under the TD Ready Commitment, we are targeting a total of $1 billion by 2030 in community giving four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It's our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities.
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!
