AVP, Private Banking Credit Solutions - Ontario, Canada - The Toronto-Dominion Bank (Canada)

Description

AVP, Private Banking Credit Solutions – Private Wealth Management (PWM) page is loaded

AVP, Private Banking Credit Solutions – Private Wealth Management (PWM)

Apply remote type Hybrid locations Toronto, Ontario time type Full time posted on Posted 4 Days Ago job requisition id R_

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

TD Wealth

Pay Details:

We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.

Job Description:

Associate Vice President Profile:

Associate Vice Presidents (AVPs) at TD Bank Group contribute to the overall reputation of TD. As executives, AVPs help to set the ethical, organizational and performance standard for the teams they lead and exemplify how an effective performance and development culture functions day to day. An AVP is expected to guide his/her team, collaborating as appropriate with TD partners, to deliver superior results in both the short and long term.

AVPs promote adherence to TDBG's vision and purpose to be the better bank, and to enrich the lives of customers, communities and colleagues. As part of the general management of their function, AVPs are accountable to deliver against TD's five shared commitments:

• Think like a customer; provide legendary experiences and trusted advice
• Act like an owner; lead with integrity to drive business results and contribute to communities
• Execute with speed and impact; only take risks we can understand and manage
• Innovate with purpose; simplify the way we work
• Develop our colleagues; embrace diversity and respect one another

Department / Position Overview:

The AVP, Private Banking Credit Solutions is responsible for the business development and credit and operational risk oversight of the PB Credit Solutions Group (CSG). This team manages complex credit products and services provided to HNW and UHNW personal clients within Private Banking and other areas of TD including Commercial Banking and TD Securities. The CSG group consists of credit professionals who combine their in-depth knowledge and extensive deal structuring experience to offer a full suite of customized credit and cash management solutions to meet the complex needs of HNW/UHNW clients.

The position reports to the Vice President & Head of Private Banking and works closely with PWM Region Heads, Branch Managers, PIA and PIC PMs, PB Market Managers, Private Bankers, Commercial Unit Leaders, Wealth and Retail Risk Management, Wealth and Retail Governance and Control partners on a frequent basis. This leadership position is accountable for enabling sustainable credit product growth within TD's Risk Appetite in addition to delivering a superior client and partner experience on complex credit structures.

CSG has two mandates:

• Business Development and Risk Management of complex credit structures on personal HNW and UHNW clients. This is achieved via joint client relationship management with PWM partners in PB, PIA and PIC. CSG manages risk by underwriting new credit deals and completing regular risk reviews on existing credit deals and working with partners in Wealth Credit Risk to manage risk. The team also educates and drives awareness of complex credit products to the partners and requires highly skilled individuals who understand bespoke loan structuring, financial statement analysis and possess exceptional stakeholder management skills.
• Underwriting, oversight and management of Private Banking credit products in RESL, Personal Lending and Credit Cards via Regional Credit Managers (RCMs) and Credit Analysts (CAs) located in PWM markets and PB Direct across the country. This group works closely with Retail Risk Management to help structure credit deals, provides coaching on credit submissions and oversees compliance requirements on credit processes and policies.

Job Accountabilities

General accountabilities of this role include but are not limited to the following:

• Lead strategic evolution of centre of excellence operating model to support business strategy and growth aspirations
• Lead team focused on customized personal credit underwriting (new applications and annual reviews) capabilities
• Partner with Private Banking National Office (PBNO) and other TD partners on product strategy to ensure we have a dynamic suite of credit products to serve the needs of HNW/UHNW clients and tools necessary to adapt and comply with the changing business and regulatory environments.
• Develop business strategy that balances business objectives with risk management strategies. Identify gaps in product suite, policy and develop strategies to address or mitigate these weaknesses.
• Partner with Private Bankers, PIA and PIC Advisors and liaise with Risk Management partners through the credit decision-making process.
• Responsible for contributing to the quality and the profitable growth of the Private Banking customized credit portfolio through high quality credit solutions-related activities for clients - includes risk analysis, deal structuring, pricing, negotiation and credit presentations for highly complex deals and credit applications.
• Manage and improve the ongoing quality and compliance of the credit portfolio including the new deal and annual review process
• Ensure all Monitoring and Control systems are in place and adhered to based on credit risk policy and Bank operating policies and procedures.
• Review and innovate processes, systems and procedures to improve outcomes and growth within the business.
• Ensure staff understand and comply with Bank and Industry Codes of Conduct.
• Maintain a high level of professionalism and contributes to a work environment that facilitates job satisfaction, personal development, and opportunities for advancement.

Job Requirements

• University degree in business, accounting or a related discipline required
• Previous experience in Business Banking and/or TD Securities Relationship Management, Business Development and Commercial Credit would be an asset.
• 10 +years of specialized credit experience dealing with HNW clients and sophisticated financing requirements
• In-depth knowledge of the Bank's Risk Appetite, lending policies, practices and procedures. Strong knowledge and understanding of financial statement analysis and accounting principles. Understanding of the impact of changing economic and market conditions on credit risk.
• Proven ability to work with various partners and utilize relationship management skills to meet client needs and expectations. Stands up for their own convictions, even when viewed as unpopular.
• Proven ability to align teams to a common goal and purpose by driving awareness, increasing knowledge and being seen as a subject matter expert to achieve success.
• An inclusive leader with demonstrated experience leading high performing individuals and materially raises the performance of the team through ongoing coaching and development.
• Builds trusted partnerships across the organization. Collaborates and engages colleagues to achieve success.
• Strong presentation, facilitation and interpersonal skills to convey ideas and overall vision to stakeholders.
• Open to change and challenges the status quo that supports bold thinking and innovation.

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing – and so will you.

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 a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. 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
Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you

Language Requirement:

Ce poste n'exige pas la maîtrise d'une langue autre que le français./ This position does not require proficiency in a language other than French..

Our Values
At TD we're guided by our purpose to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and guide our behavior. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career and be part of our caring and inclusive culture.

Our Commitment to Diversity, Equity, and Inclusion
At TD, we're committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We're dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve. Helping to Make an Impact in Communities – TD Ready Commitment
TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future. That's why we launched the TD Ready Commitment in 2018, now a multi-year North American initiative. Under the TD Ready Commitment, we are targeting a total of C$1 billion by 2030 in community giving across four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It's our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities. Learn more: Canada | US | Europe & Asia Pacific #J-18808-Ljbffr