Commercial Credit Mgr - C&I
About The Position
The Commercial Credit Manager (CCM) is responsible for ensuring quality underwriting, compliance and credit monitoring within an assigned portfolio, supporting new business development while applying credit risk policy and adhering to TDBG risk appetite. This job manages the credit underwriting and credit administration functions within a Regional Market or Middle Market. The key accountabilities of this role are credit understanding and approval, people management, development and coaching of the credit analysts, and ensuring continued coaching in credit skills and capabilities development and career development for analysts. The Commercial Credit Manager manages a subset of credit analysts within a market, where teams are large enough to warrant the position. The Commercial Credit Manager works closely with the Credit Officer to ensure consistency with the TD Bank Groups Risk Appetite Principles, including establishing the Borrower Risk Ratings and Facility Risk Ratings for new and existing credit relationships. Depth & Scope: Performs preliminary research on potential customers to determine alignment with TD Bank products/structure while also assisting in assessments of credit needs and alignment with TD Credit Risk Appetite Attends site visits as needed or as requested Supervises Credit Analysts in creation of preliminary spreads, cashflow, BRR, and term sheet used and assets on the decision to move forward with potential clients; Has oversight of Officer Analysis, input BRR, FRR, Covenant & ARD Ensures that all staff are knowledgeable of and operate within the applicable regulatory and compliance guidelines/policies & procedures (including but not limited to: AML, Privacy, Firewalls, Systems & Information Security, FCAC, etc) and ensure that all staff complete required compliance attestations/training within required timelines Assesses all credit applications, ensuring they provide a high quality of risk assessment, credit structure analysis, due diligence, and credit presentation Ensures appropriate balance between customer risk and pricing Have joint signature approval on credits within delegated limits and make recommendations on all others Ensures the overall portfolio is comprehensively monitored and controlled, adhering to and administered within approved guidelines and in line with established operating policies and procedures Interprets and applies TD’s risk management strategy (both credit and operational) Implements and operates systems to identify and mitigate operational risk issues, including acting as the Unit’s designated anti-money laundering officer Understands changing market conditions and remain knowledgeable of relevant industry issues Responsible for managing aspects of the customer relationship including, but not limited to, reviewing reports and delinquencies, sign off of covenant compliance forms and assists in developing strategy if failures occur, completing monthly monitoring May lead a team of Analysts in monitoring loan covenants, loan delinquencies, and the annual review and renewal of existing credit relationships
Requirements
- Undergraduate degree in Accounting or Finance
- Minimum 5 years experience in related field
- Strong credit underwriting and administration skills
- Demonstrates ability to identify and mitigate risk
- Solid understanding of value-add credit structuring in a commercial banking environment
- Strong communication skills with understanding of business acumen
- Solid interpersonal skills
- Customer focused
- Strong planning and organizational skills
Nice To Haves
- MBA and MBA candidates preferred
Responsibilities
- Ensuring quality underwriting, compliance and credit monitoring within an assigned portfolio
- Supporting new business development while applying credit risk policy and adhering to TDBG risk appetite
- Managing the credit underwriting and credit administration functions within a Regional Market or Middle Market
- Credit understanding and approval
- People management
- Development and coaching of the credit analysts
- Ensuring continued coaching in credit skills and capabilities development and career development for analysts
- Works closely with the Credit Officer to ensure consistency with the TD Bank Groups Risk Appetite Principles, including establishing the Borrower Risk Ratings and Facility Risk Ratings for new and existing credit relationships
- Performs preliminary research on potential customers to determine alignment with TD Bank products/structure while also assisting in assessments of credit needs and alignment with TD Credit Risk Appetite
- Attends site visits as needed or as requested
- Supervises Credit Analysts in creation of preliminary spreads, cashflow, BRR, and term sheet used and assets on the decision to move forward with potential clients
- Has oversight of Officer Analysis, input BRR, FRR, Covenant & ARD
- Ensures that all staff are knowledgeable of and operate within the applicable regulatory and compliance guidelines/policies & procedures (including but not limited to: AML, Privacy, Firewalls, Systems & Information Security, FCAC, etc) and ensure that all staff complete required compliance attestations/training within required timelines
- Assesses all credit applications, ensuring they provide a high quality of risk assessment, credit structure analysis, due diligence, and credit presentation
- Ensures appropriate balance between customer risk and pricing
- Have joint signature approval on credits within delegated limits and make recommendations on all others
- Ensures the overall portfolio is comprehensively monitored and controlled, adhering to and administered within approved guidelines and in line with established operating policies and procedures
- Interprets and applies TD’s risk management strategy (both credit and operational)
- Implements and operates systems to identify and mitigate operational risk issues, including acting as the Unit’s designated anti-money laundering officer
- Understands changing market conditions and remain knowledgeable of relevant industry issues
- Responsible for managing aspects of the customer relationship including, but not limited to, reviewing reports and delinquencies, sign off of covenant compliance forms and assists in developing strategy if failures occur, completing monthly monitoring
- May lead a team of Analysts in monitoring loan covenants, loan delinquencies, and the annual review and renewal of existing credit relationships
Benefits
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
