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About the Role
The Director – Global Market Credit is a senior member of a team of credit analysts that evaluate and facilitate the credit requirements for TD Securities' Global Markets businesses within the Groups' risk appetite and strategies. The Director works closely with key stakeholders, including Global Markets business lines, Relationship Managers, Global Markets Documentation, Credit Risk Management/Risk Management and Market Risk Control in assessing trading, derivative, and financing transactions.
Responsibilities
- Responsible for the prudent management of a portfolio of hedge fund counterparties that are active users of capital markets products, including derivatives (foreign exchange, interest rate, equity derivatives); financing products (securities borrowing and lending and repurchase transactions) and margin financing via prime brokerage.
- Conduct market, industry, and counterparty due diligence as part of comprehensive credit assessment.
- Review counterparty credit submissions and recommendations to ensure requests are within the business line strategies, credit risk polices and with appropriate risk ratings.
- Oversee and monitor the ongoing performance of counterparties to ensure compliance with all terms and conditions of the credit authorization, and to ensure that the risk ratings for the assigned counterparty remain accurate.
- Review credit terms included in relevant trading and/or lending agreements to ensure appropriate risk mitigating terms are incorporated as required per trading/lending product policies.
- Interact with Global Markets business lines, Credit Risk Management/Risk Management, Global Markets Documentation, Legal, Compliance and Operations to structure transactions to mitigate counterparty and various other risks as applicable.
- Engage in active discussion with Global Markets business lines and Credit Risk Management / Risk Management on credit and policy requests, strategy, and active risk issues.
- Act in a leadership capacity for Global Markets Credit by participating in market and credit risk related forums, business initiatives and working groups.
- Develop and train team members, and foster a collaborative team environment.
- Participate in regulatory and internal audit exams of the Global Markets Credit function.
- Keep apprised of industry trends through participation in industry forums and conferences.
Requirements
- Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.
- 10+ years of relevant industry experience
- Experience with Prime Brokerage underwriting and equity derivatives products is required.
- Experience with legal agreements including ISDAs, MCAs, GMRAs, MRAs and PBAs.
- Strong Excel and modeling skills
Skills
- Excel
- Modeling
Location
- New York, New York, United States of America
Work Type
- Onsite
Experience Level
- 10+ years
Education Level
- Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics
Salary/Compensations
- $250,000 - $250,000 USD
Benefits
- 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
- Reward and recognition
- Training programs
- Online learning platform
- Mentoring programs
About the Company
- 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.
Equal Opportunity
- 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.