NYC Staffing
Investment Banking Credit Director
Work Location: New York, New York, United States of America Hours: 40 Line of Business: Credit Management Pay Detail: $250,000 - $250,000 USD 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. Directors work on corporate banking transactions and work closely with the Investment Banking team and clients on newly originated structured finance lending transactions. In this role, the Director will be responsible for transactions supporting TD's newly established Corporate Debt Finance ("CDF") business. The Corporate Debt Finance business provides bespoke asset-backed financing solutions to financial sponsors, private equity firms, private credit direct lenders and liquid credit asset managers to finance portfolios of non-investment grade corporate credit assets. 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. Participate in new client identification and on-going due diligence process on borrowers and collateral. Prepare and present early screening memos on new client transactions and amendment/renewal summaries to senior management. Compile data through due diligence and prepare comprehensive credit reviews that analyze transactions and credit risks. Manage the credit approval process for new transactions and renewals with internal risk management teams and senior management. Construct or oversee building of detailed financial models and sensitivities for CDF lending facilities. Drive legal documentation and negotiation process with internal partners and external legal counsel for new CDF transactions. Monitor assigned borrower and collateral performance and compliance with covenants. 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. Mentor and develop junior staff in transaction underwriting and portfolio management tasks and responsibilities. Identify/recognize cross-sell opportunities and coordinate with other Fund Finance business units/product groups as appropriate. Job Requirements: Undergraduate degree in Business (Accounting or Finance) or Economics 7-10+ years of related credit underwriting/analysis experience covering Corporate Debt Finance/Structured Credit Proficiency in spreadsheet and financial modeling SIE, Series79 and 63 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. 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. 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. 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. We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role. 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. 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.
Work Location: New York, New York, United States of America Hours: 40 Line of Business: Credit Management Pay Detail: $250,000 - $250,000 USD 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. Directors work on corporate banking transactions and work closely with the Investment Banking team and clients on newly originated structured finance lending transactions. In this role, the Director will be responsible for transactions supporting TD's newly established Corporate Debt Finance ("CDF") business. The Corporate Debt Finance business provides bespoke asset-backed financing solutions to financial sponsors, private equity firms, private credit direct lenders and liquid credit asset managers to finance portfolios of non-investment grade corporate credit assets. 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. Participate in new client identification and on-going due diligence process on borrowers and collateral. Prepare and present early screening memos on new client transactions and amendment/renewal summaries to senior management. Compile data through due diligence and prepare comprehensive credit reviews that analyze transactions and credit risks. Manage the credit approval process for new transactions and renewals with internal risk management teams and senior management. Construct or oversee building of detailed financial models and sensitivities for CDF lending facilities. Drive legal documentation and negotiation process with internal partners and external legal counsel for new CDF transactions. Monitor assigned borrower and collateral performance and compliance with covenants. 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. Mentor and develop junior staff in transaction underwriting and portfolio management tasks and responsibilities. Identify/recognize cross-sell opportunities and coordinate with other Fund Finance business units/product groups as appropriate. Job Requirements: Undergraduate degree in Business (Accounting or Finance) or Economics 7-10+ years of related credit underwriting/analysis experience covering Corporate Debt Finance/Structured Credit Proficiency in spreadsheet and financial modeling SIE, Series79 and 63 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. 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. 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. 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. We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role. 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. 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.