Associate - CIB Credit, TD Securities

Td Securities USA•New York, NY

5d•$175,000 - $200,000•Onsite

About The Position

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

Requirements

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

Nice To Haves

Certification highly preferred or willingness to pursue certification

Responsibilities

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
Interact with clients and credit adjudicators
Review and analyze reporting and compliance of existing clients and developing industry trends
The Associates in CIB Credit reviews mortgage loans for underwriting quality to assess risk as required by OCC and other regulators
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