Vice President - ABS Structurer, TD Securities

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Job Description:

TD Securities is seeking a highly motivated Asset Backed Securitization (ABS) Structurer to join our team. The ideal candidate will have a strong background in asset-backed securities, finance, and quantitative analysis. This role involves structuring and underwriting ABS-related deals, building collateral, cashflow and credit models, and working closely with various teams to support strategic initiatives and projects.

Key Responsibilities:

• Structuring and underwriting ABS-related deals.

• Working with 3rd parties in underwriting processes.

• Building and maintaining ABS-related collateral, cashflow, and credit models.

• Collaborating with banking teams for new deal pitches.

• Assisting sales teams with investor requests and stress scenario analysis.

• Studying rating agencies' coverage and methodologies.

• Generating new structuring strategies.

• Identifying new subsector growth opportunities within the bank with the coverage group.

Depth & Scope:

• Develops existing and new syndicate client relationships

• Executes all investment grade and SSA USD transactions

• Provides market updates of investment grade issuers as well as frequent borrowers when needed in the U.S., Canada, and Europe, in concert with DCM partners in Toronto, London, and Singapore

• Prepares and recommends best pricing solutions for interest rate and cross-currency derivative transactions

• Provides new issue documentation (e.g. ISDA negotiations, term sheet, book runner, and swap summary)

• Provides support of the team on all fixed income new issues and structured MTN business

• Provides guidance and desk coverage for members of the New York Origination & Syndication team where appropriate

• Maximizes the profitability of the business by maintaining and enhancing the Banks profile and market share

• Adheres personally and at a desk level to the firm's procedures

• Understands and complies with TD Securities (USA) Policies, regulatory and compliance requirements, ensuring that transactions are fully documented and processed accurately and in a timely manner

• Communicates bank, policy information, and strategy between the product head and relevant trading personnel

• Provides Expert Knowledge of market data, economic information and key industry developments as well as regulatory standards at all times to assist in maximizing profitability through sound trading decisions. Position develops and maintains contacts

• Manages performance and provides instruction, training and mentoring to junior personnel on the DCM team in New York

• Demonstrates governance, control and risk management behaviors in alignment with TD policies and practices

Education & Experience:

• Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics; Series 7 and 63

• 5-7 Years of related experience

Preferred Qualifications:

• Strong knowledge of asset-backed securities and banking.

• Proficiency in VBA and SQL; knowledge of Python is a plus.

• Expertise in Discount Cashflow, Price Yield, Duration, Bond Math, Stress Testing, Scenario Analysis, Breakeven Analysis, and Optimization

• Strong analytical and quantitative skills.

• Excellent communication and interpersonal skills.

• Ability to work independently and as well as part of a team.

• Detail-oriented with strong organizational skills.

• Ability to manage multiple projects and meet deadlines

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel - Occasional

• International Travel - Never

• Performing sedentary work - Continuous

• Performing multiple tasks - Continuous

• Operating standard office equipment - Continuous

• Responding quickly to sounds - Occasional

• Sitting - Continuous

• Standing - Occasional

• Walking - Occasional

• Moving safely in confined spaces - Occasional

• Lifting/Carrying (under 25 lbs.) - Occasional

• Lifting/Carrying (over 25 lbs.) - Never

• Squatting - Occasional

• Bending - Occasional

• Kneeling - Never

• Crawling - Never

• Climbing - Never

• Reaching overhead - Never

• Reaching forward - Occasional

• Pushing - Never

• Pulling - Never

• Twisting - Never

• Concentrating for long periods of time - Continuous

• Applying common sense to deal with problems involving standardized situations - Continuous

• Reading, writing and comprehending instructions - Continuous

• Adding, subtracting, multiplying and dividing - Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

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

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 [email protected]. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.