2027 Summer Internship Program - Commercial Banking

TD•Mount Laurel, NJ

1d•Onsite

About The Position

This role supports their Line of Business in the development and execution of work projects to support the Business' goals & objectives. The Summer Intern embodies TD's Shared Commitments and customer-focused culture. TD Commercial Banking helps commercial customers manage their funds, finance their growth, and invest for the future by taking the time to understand their goals and customize products and services to suit their needs. This includes everything from governments, institutions and businesses, ranging from small "mom and pop" stores to multi-billion-dollar corporations. This Commercial Banking Intern functions as a Credit Management Intern and is responsible for conducting in-depth industry and financial analysis of existing and potential borrowers. This job works cooperatively to support the Lending and Credit functions of the Bank. Commercial Banking is offering in-person internship opportunities in Mount Laurel, NJ. Interns will be required to be in-office 4 days a week.

Requirements

Pursuing post secondary degree in business-related disciplines
Knowledge of Microsoft tools (Outlook, Teams, Word, PowerPoint, Excel)
Excellent interpersonal skills, problem solving and analytical skills
Ability to take initiative and accountability of your actions
Demonstrated leadership qualities
Strong written and oral communications skills
Detail oriented with an ability to handle multiple tasks
Ability to work independently and collaboratively
You must be work authorized in the United States on a permanent basis without the need for employer sponsorship
Anticipated graduation between December 2027 - June 2028

Responsibilities

Responsible for financial analysis of moderately complex loans/industries/Customers
Works more independently but under the guidance and review of lead staff
Good understanding of loan risk factors
Researches industry specific information from outside sources, which may include conversation with Borrowers, industry publications, area libraries, references from other banks, credit agencies, as well as accessing information through the Internet
Participates in Customer meetings and make direct inquiry for specific Customer information based on prior research, experience and knowledge (may require travel at times)
Integral part of loan origination process. Responsible for performing underwriting analysis of Borrower's character, credit worthiness and financial condition
Supports the lending function by providing analytical support
Prepares insightful and timely approval memorandums for presentation to appropriate lending and credit authorities
Thoroughly analyzes financial statements, management profiles, business and product cycles, cash flow ability, collateral, agings, etc. of future and existing Customers to identify trends, measure performance, assess financial strength and develop an assessment of credit risk
May prepare complete written analysis with appropriate recommendations for approval, denial and alternative structure when necessary
May maintain credit files, monitor data such as updated financial statements and prepare updated analysis memos
Monitors compliance with regulatory requirements
Provides written analysis that identifies any deviations from the Company Commercial Loan Policy and becomes familiar with alternative structures in order to reduce credit risk
Achieves operational performance standards in quality and timeliness