Director, Head of Flow Asset-Backed Securities

TD • New York, NY

22d • $300,000 - $300,000

About The Position

Lead the Flow ABS team focusing on securitization of receivables backed by auto loans, credit cards, equipment, deferred payment plans and similar assets. In addition, oversee issuers of consumer finance ABS, including secured/unsecured consumer loans, Buy Now Pay Later (BNPL), and other Fintech assets. Drive origination, structuring execution of term ABS transactions to optimize funding for clients. The Director contributes to the profitability of the ABS business, while maintaining and enhancing the Bank's profile and market share.

Requirements

• Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.
• Series 7 and 63
• 7-10 years related experience

Nice To Haves

• 10-15 years of direct experience in origination and execution of term ABS transactions, with expertise and existing client relationships in Flow ABS and consumer finance assets.
• Strong knowledge and experience with securitization markets
• Proven track record in transaction structuring, credit analysis, and investor relations.
• Excellent leadership, communication, and negotiation skills; familiarity with rating agency requirements

Responsibilities

• Manage end-to-end origination and execution of Flow ABS transactions, ensuring compliance with regulatory standards and market conditions.
• Build and maintain relationships with originators, investors, rating agencies and internal stakeholders
• Analyze market trends, pricing, and credit risks to form transaction strategies for ABS Issuers.
• Lead a team of professionals, providing guidance on deal structuring, documentation, due diligence etc.
• Advise and execute transactions for TD's Treasury team to support its ABS Funding platforms.
• Collaborate with cross-functional teams (e.g., legal, risk, sales, and trading) to execute transactions efficiently.
• Liaises closely with the bank's other operations in Canada and the U.S. to assist in meeting the banks objectives.
• Strict adherence personally and at a desk level to the firm's procedures
• Understands and complies with TD Policies, regulatory and compliance requirements
• Ensures that transactions are fully documented and processed accurately and in a timely manner
• Strong communicator of bank, policy information and strategy between the product head and relevant personnel
• Fully informed on market data, economic information and key industry developments as well as regulatory standards at all times to assist in maximizing profitability
• Develops and maintains contacts with market participants
• Responsible for being aware of and understanding the approved Business Strategies (Strategic Business Reviews SBR's), applicable to the business
• Responsible for ensuring your Functional and Local Manager(s) are kept current and apprised of all relevant operational, risk management and control issues
• Responsible for escalating any operational issues to all of your managers, as appropriate
• Responsible for ensuring the Functional and Local Manager(s) are kept apprised of the business strategy
• Ensures that the expectations of Functional and Local manager(s) are met, where conflicts or issues arise, ensures that they are escalated to all managers and resolved in a timely manner

Benefits

• 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.
• 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.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level