2027 Summer Analyst Program – Global Markets, Municipals (New York)

TD • New York, NY

2d • $30 - $45 • Onsite

About The Position

2027 Summer Analyst Program – Global Markets, Municipals (New York) As a leading corporate and investment bank, TD Securities offers a wide range of integrated capital markets products and services. Our corporate, government, and institutional clients choose us for our innovation, execution, and experience. With over 7,200 professionals operating in 39 cities across the globe, we work closely with our clients to help them meet their needs today and prepare for tomorrow. JOB OVERVIEW TD Securities is looking for candidates with varying backgrounds and experiences to join our 2027 Global Markets Summer Analyst Program – Municipals and be immersed in our inclusive culture! This program will connect you with experienced professionals through on-the-job training . You will work alongside industry experts in a fast-paced collaborative environment. This is a ten-week program running from early June to mid-August in person in our offices in New York City. Municipals At TD Securities, Municipals (comprised of Public Finance Banking, Municipal Sales & Trading, and Automated Trading) function within Global Markets as an integral part of the full suite of services we provide. The Public Finance team covers all sectors within the municipal finance space such as state and local governments, infrastructure, power and utilities, higher education, housing, not-for-profit health care and transportation and assists clients in analyzing and issuing various offerings of municipal securities. The Municipal Sales and Trading and Automated Trading teams are active market-makers and one of the largest liquidity providers in the muni market, covering trades of all sizes from micro-lots to big blocks. Following training, this unique program provides summer analysts with two rotations spanning approximately 4 weeks each with the banking and sales and trading teams. The Muni team interacts frequently with other areas of the Bank, including: Debt Capital Markets, Credit Management, Market Risk Solutions, Sustainable Finance, Corporate and Investment Banking, and Global & US Fixed Income Sales and Trading. As a summer analyst, you will: Work with seasoned Public Finance bankers and Municipal Sales & Trading professionals and acquire the knowledge and skills necessary to become a Full Time Analyst in the municipal finance space. Provide analytical, research, and transactional support to the Public Finance team, while assisting in the preparation of cash flow modeling and other financial analysis in connection with potential or live capital markets financings. You will also assist bankers in the preparation of proposals and pitch books for prospective and current clients detailing firm capabilities and financing solutions. Gain exposure to the sales and trading of municipal securities and new issue underwriting by shadowing our team of industry veterans. Learn how to price municipal bonds and how to hedge and manage risk. Develop an understanding of the various market participants (dealers, customers, brokers, etc.) and how to effectively communicate and engage with them. Learn about algorithmic trading, portfolio trading, ETF creations/redemptions by interacting with TDSAT (TD Securities Automated Trading). Have the ability to take ownership on assigned tasks and projects, managing assignments through successful completion. Stay fully informed on market data and trends, economic information, and key industry developments as well as regulatory standards. You will also learn to develop and maintain relationships with market participants including lawyers, financial advisors and issuing clients. Mentorship and Networking: The internship will include a formal mentorship with employees who will act as a career guide for navigating your experience at TD Securities and beyond. Summer Analysts will have the opportunity to engage in a Senior Speaker Series designed to familiarize participants with the workings of Global Markets as well as our Corporate & Investment Banking, Equity Research, and Business Operations divisions. Summer Analysts will also be able to participate in social networking events with one-another as well as employees of the Firm to experience our culture and assimilate into our Firm. Hands-on Experience: This is an opportunity to experience our unique culture, work on a fast-paced trading floor, attend client meetings, and build fundamental skills. You will be working with individuals across the floor to understand different aspects of Global Markets, ultimately leading to a final presentation designed to showcase critical thinking skills and increase professional presence (ie: final trade presentation).

Requirements

• Pursuing a (4) year university or college degree with an anticipated graduation date between December 2027 and June 2028.
• You must be work authorized in the United States without the need for employer sponsorship. For individuals whose work authorization is or will be based on F-1 optional practical training, your degree or anticipated degree must be in a qualifying STEM program, as reflected on your Form I-20. This role is not suitable for individuals who are ineligible for a STEM OPT extension.
• All majors welcome, but significant coursework in a business-related field is required
• Compelling interest in and knowledge of the financial markets, particularly in municipal finance
• Well-organized and detail oriented
• Ability to work under pressure with tight deadlines and establish priorities with minimal supervision
• Results driven, proven academic excellence and strong interpersonal skills.
• High ethical and professional standards.
• Strong financial/analytical skills, knowledge of MS Excel preferred
• Proactive and highly motivated
• Able to work effectively in a team environment and independently
• Demonstrated leadership (i.e. sports, clubs, extracurricular activities, and philanthropy, etc.)

Responsibilities

• Work with seasoned Public Finance bankers and Municipal Sales & Trading professionals and acquire the knowledge and skills necessary to become a Full Time Analyst in the municipal finance space.
• Provide analytical, research, and transactional support to the Public Finance team, while assisting in the preparation of cash flow modeling and other financial analysis in connection with potential or live capital markets financings.
• Assist bankers in the preparation of proposals and pitch books for prospective and current clients detailing firm capabilities and financing solutions.
• Gain exposure to the sales and trading of municipal securities and new issue underwriting by shadowing our team of industry veterans.
• Learn how to price municipal bonds and how to hedge and manage risk.
• Develop an understanding of the various market participants (dealers, customers, brokers, etc.) and how to effectively communicate and engage with them.
• Learn about algorithmic trading, portfolio trading, ETF creations/redemptions by interacting with TDSAT (TD Securities Automated Trading).
• Have the ability to take ownership on assigned tasks and projects, managing assignments through successful completion.
• Stay fully informed on market data and trends, economic information, and key industry developments as well as regulatory standards.
• Develop and maintain relationships with market participants including lawyers, financial advisors and issuing clients.

Benefits

• Growth opportunities and skill development are defining features of the colleague experience at TD.
• Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role.
• 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.
• Regular development conversations
• Training programs
• Competitive benefits plan
• Online learning platform
• Mentoring programs

What This Job Offers

• Career Level: Intern
• Number of Employees: 5,001-10,000 employees