Work Location:
États-Unis d'Amérique
Hours
40
Secteur D’activité
Services bancaires personnels et commerciaux
Pay Detail
$200,000 - $250,000 USD
TD is committed to providing fair and equitable compensation opportunities to all colleagues. The included salary range for this role takes into account multiple factors that are considered in making compensation decisions. The base pay actually offered may vary based upon candidate's skills and experience, job-related knowledge, licensure and certifications, geographic location, and other specific business and organizational needs. As TD puts career development at the forefront of our colleague experience, it is not typical for an individual to be hired at or near the top of the range for their role.
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
The Director - Global Counterparty Credit TDS prepares and recommends high quality credit submissions as required for assigned Borrower accounts. Oversees and monitors the performance of Borrowers to ensure compliance with all terms and conditions of the credit authorization, and to ensure that the risk ratings for the assigned Borrowers are accurate. Furthermore, conducts market, industry, and client research in support of the ongoing risk assessment process.
Global Counterparty Credit, Hedge Fund Risk, TDS prepares and recommends high quality credit submissions as required for assigned accounts of hedge fund counterparties. Oversees and monitors the performance of hedge fund counterparties to ensure compliance with all terms and conditions of the credit authorization, and to ensure that the risk ratings for the assigned hedge fund counterparties are accurate.
Position Details
- Manages a portfolio of hedge fund counterparties that are active users of capital markets products, including derivatives, financing products and margin financing via prime brokerage and synthetics.
- Evaluates transactions and related counterparty risk to support growth of the Equities (Prime Brokerage, Securities Financing, OTC Derivatives), Fixed Income (Repo/Reverse Repo, Interest Rate Derivatives) and FX businesses.
- Works closely with Origination in ensuring that the credit arrangements function effectively in line with the underlying strategy for the account, and adequately balance risk and return.
- Prepares and submits credit reviews in accordance with minimum policy requirements regarding Annual Reporting Dates and Interim Reporting Dates.
- Ensures that all credit reviews include sensitivity analysis appropriate for the risk at hand.
- Monitors ongoing performance of hedge fund counterparties to ensure compliance with all terms and conditions of the credit authorization and trading documents
- Monitors market and client developments to ensure client risk ratings are accurate and reflect all relevant material information.
- Prepares and submits the Quarterly Confirmation of Internal Risk Ratings Report and the Quarterly High Risk Reports as well as assists with the preparation of the monthly Large Group Exposure Report as required.
- Completes and submits Out-of-Order reports as appropriate.
- Coordinates with Origination to ensure that loan and security documentation reflects the details of the credit authorization accurately.
- Fully informed at all times of all Regulatory and Compliance issues.
Depth & Scope
- Works closely with all product groups to ensure their credit needs are being met.
- Works closely with Origination in ensuring that the credit arrangements function effectively in line with the underlying strategy for the account, and adequately balance risk and return.
- Identifies/recognizes cross-sell opportunities and coordinates with other business units/product groups as appropriate.
- Prepares and submits credit reviews in accordance with minimum policy requirements regarding Annual Reporting Dates and Interim Reporting Dates.
- Ensures that all credit reviews include sensitivity analysis appropriate for the risk at hand.
- Ensures that credit reviews include statement breakdowns using the MFA spreadsheet tool, and that they include an MRA analysis to support the risk rating assessment, where applicable.
- Monitors market and client developments to ensure client risk ratings are accurate and reflect all relevant material information.
- Prepares and submits the Quarterly Confirmation of Internal Risk Ratings Report and the Quarterly High Risk Reports as well as assists with the preparation of the monthly Large Group Exposure Report as required.
- Completes and submits Out-of-Order reports as appropriate.
- Coordinates with Origination to ensure that loan and security documentation reflects the details of the credit authorization accurately.
- Coordinates with Origination in the preparation and presentation of Loan Capital Committee analysis and documentation.
- Fully informed at all times of all Regulatory and Compliance issues.
Education & Experience
- Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.
- Series 7, 79 and 63
- 7-10 years related experience
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 help clients meet their needs today and prepare for tomorrow. 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. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.
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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.
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
If you are an applicant with a disability and need accommodations to complete the application process, email the 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 application process.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
