Vice President - CIB Credit - Fund Finance, TD Securities

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Credit Management

Pay Detail:

$200,000 - $225,000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. 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. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. 

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

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 continue to expand on your knowledge in the industry, gaining valuable experience while you develop into a senior banker.  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. 

TD Securities is seeking a Vice President to join its growing Corporate Debt Finance ("CDF") Group’s execution team with the Corporate and Investment Bank. The Corporate Debt Finance team provides bespoke asset-based back leverage financing and a range of other financing products and services to asset managers that are leading credit managers in US markets including private credit direct lenders, private equity firms and alternative asset managers. 

In this capacity you will:

· Play a senior role in the strategic development and implementation of all policies & procedures, risk rating methodologies and internal systems & controls for the newly formed CDF business in conjunction with TD's Risk Management and CDF Origination teams.

· Develop and maintain various internal/external databases to monitor borrowers and collateral.

· Monitor key performance indicators of sector/product specific drivers to make well-informed credit underwriting decisions.

· Maintain expertise in private credit portfolio construction, fund structures, valuation methodologies, and underlying asset performance metrics relevant to asset-based lending and fund finance transactions.

· Interact and negotiate with senior finance professionals at our clients’ businesses.

· Demonstrate leadership in due diligence and structuring around complex CDF bank financings.

· Oversee the research and analysis of clients’ financial performance.

· Review and approve portfolio acquisitions, amendments, restructurings, and other material asset-level events for consistency with approved credit terms and risk appetite.

· Monitor portfolio performance, asset quality trends, and collateral composition, identifying emerging risks and recommending appropriate risk mitigation actions.

· Construct detailed models that establish suitable capital structures and financial covenants.

· Contribute to the development and enhancement of portfolio monitoring frameworks, approval processes, and risk reporting tools for structured and asset-backed credit facilities.

· Identify/recognize cross-sell opportunities and coordinate with other business units/product groups as appropriate.

· Prepare and recommend high-quality credit submissions.

Job Requirements:

· At least 5+ years of banking experience with at least 3 years of experience in lender finance/CDF

· Deep understanding of regulatory environment and its impact on leveraged loans and other securities/asset classes

· Excellent verbal and written communication skills with the ability to manage a variety of transactions and projects simultaneously

· SIE, Series79 and 63

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple.  Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. 

Together, we are reimagining what banking can be for our clients, colleagues and communities. 

Our Total Rewards Package
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. Learn more
 

Additional Information:
We’re delighted that you’re considering building a career with TD. 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.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. 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. 

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.
 

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

TD Bank is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com.  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.