VP, Global Asset Servicing Corporate Actions team

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Job Description:

Preferred Qualifications:

TD Securities provides a wide range of capital market products and services to corporate, government and institutional clients. The firm works with clients around the world, focusing selectively and strategically on the key financial centers: Toronto, Montreal, Calgary, Vancouver, New York, London, Singapore, and Tokyo. https://www.td.com

Department Overview

TD Securities Global Asset Servicing (GAS) is a diverse and dynamic group of individuals, whose varied talents and experiences enable us to provide critical infrastructure services that support and/or control the trading, investment, and corporate banking functions of TD Securities. We are committed to innovation with purpose, execution with excellence, and continually improving the employee value proposition. We foster a culture of diversity, inclusion, and community giving. Our dynamic team is divided into five main functional areas: Capital Markets, Financing Operations, Payment and Correspondent Banking Services, Business Services, and Change Delivery.

The GAS team partners with the front office and other groups globally to manage risk and deliver world class service to our global client base. The team provide operational support and control across the trade lifecycle. The team is heavily involved in new product initiatives and process improvements support the growing needs of the business. We take great pride in ensuring controls are continuously monitored and updated while focusing on exceeding customer expectations.

If you are industrious, collaborative, innovative, and enjoy visionary thinking, joining our team could be an ideal opportunity for you.

Global Asset Servicing - Corporate Actions Overview

• Manage daily Corporate Action Events across multiple fixed income products.

• Familiarity with DTC, Euroclear and foreign depository clearance, settlements, and Asset Servicing.

• Knowledge of new bond issues, changes in terms and conditions to the indentures, details, and calculations of interest for P&I, fixed and floating rate issues, bankruptcies, liquidations, defaults, consents, conversions, full and partial calls, and maturities.

• Responsible for processing Corporate Actions from trade date to settlement date including fails management over the complete event.

• Manage proxy services including voting submissions and the production of Completion Notice of Individual Shareholder Reporting and Letters of Representation for global markets.

• Interact with operations groups globally to provide industry leading client service to external clients and internal stakeholders.

• Internal and external clients while developing relationships with colleagues across TDS Global Operations and Business Services.

The Global Asset Servicing Corporate Actions team is responsible for ensuring complete, accurate, and timely processing of all corporate actions as well as maintaining the multiple security masters (cross platform).

Primary Responsibilities:

• Asset Servicing event creation in proprietary systems.

• Perform day-to-day processing and reconciliation of all Corporate Action Events.

• Serve as proxy lead for global corporate actions team

• Identification, escalation, and resolution of corporate action issues understanding while working against critical deadlines.

• Processing ad-hoc bond conversion requests on 144A/REGS securities.

• Working with external brokers to process events on Repo / Stock Loan positions and settle claims.

• Respond to both internal and external inquiries expeditiously.

• Working in a dynamic environment; leverage expertise in key areas to deliver a superior work product.

• Partner with technology to development, implement and refine systems and processes.

• Provide management feedback on custodian and vendor performance.

• Support the delivery and monitoring of daily outputs and critical tasks.

• Efficiently maintain documentation for regulatory, compliance, and audit purposes.

• Drive new business initiatives and pursue automations in support of STP (straight through processing).

Qualifications:

• 5+ years' experience in Asset Servicing Operations.

• Can collaborate with and encourage other team members in the pursuit of operational excellence.

• Possess excellent communication skills.

• Able to work in a fast-paced, deadline sensitive environment.

• Self-starter who is comfortable in a complex role interfacing with clients and internal teams.

• Strong knowledge of Excel (e.g., VLOOKUP, pivots, macros, etc.).

• Proven risk management skills, fostering a zero-tolerance policy for poor management practices.

• Broadridge NAPE experience is preferred

• Strong front-to-back ownership mentality

• Adept at multi-tasking skills with the ability to prioritize competing/conflicting priorities.

• Excellent analytical/problem solving skills while maintaining a sense of urgency.

• Understanding of industry best practices.

• Build strong relationships and work collaboratively within Global Operations and Business Services teams to support the growing needs of the business.

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected, and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve, creating an environment where every employee can reach their potential.

If you are a candidate with a disability and need an accommodation to complete the application process, email the 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 application process.

EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.

The VP, TDS Operations leads a group of operational functions and activities via Team Leaders/Operations Officers/ Analysts/Specialists within a unit and provide guidance, leadership, coaching and development to ensure operational results and professional/personal development objectives are achieved for the overall group.

Depth & Scope:

• Provides people management leadership by recruiting top talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required

• Oversees a large team with functional diversity and complexity where activities involve multiple step transactions, multiple systems and jurisdictions, higher volumes and/or medium to high complexity

• Expert knowledge of the business and operational functions supported

• Leads teams with multiple points of internal and external contact including direct contact with Customers

• Work focus time horizon is generally medium to long-term with moderate to high focus on strategic planning

• Requires expert process management knowledge and the risk profile for team processes supported

• Decision making authority and ambiguity and nature of issues managed are generally more complex, risk oriented, time sensitive and/or impacts a significant part of the organization

• Acts as highest point of team escalation for resolution and provides direction to resolve issues or escalate

• Involves daily contact with cross-functional teams across TDBG or external contacts and/or customers

Education & Experience:

• Undergraduate degree/ college diploma preferred and/or

• 6+ years relevant experience and 4+ years of people management experience

• Advanced knowledge of key functional areas including Capital Markets, Financing Operations, Payment and Correspondent Banking Services, Business Services, Change Delivery, and Regional Operations

• Knowledge of capital markets products, which may include Foreign Exchange, Fixed Income, Equities and Derivatives.

• Knowledge of current and emerging trends in the industry and market

• Knowledge of risk management environment, standards and regulations

• Strong knowledge of process management to drive efficiency

• Ability to contribute to strategic direction of the function and provide advice to senior leadership

• Skill in managing budgets and resource allocation

• Advanced ability to lead, plan, implement and evaluate program/project activities to ensure completion of initiatives

• Skill in talent development and performance management

• Ability to make an impact, influence and achieve results with effective negotiation, problem-solving and communication skills

• Skill in negotiation and partnership

• Skill in using analytical software tools, data analysis methods and reporting techniques to assess risk and challenge the status quo

• Skill in leadership, mentoring, coaching and performance management

• Ability to exercise sound judgement in making decisions

• Ability to communicate effectively in both oral and written form with partners at all levels including senior management

• Ability to work collaboratively and build relationships across teams and functions

• Skill in organization and time management

• Ability to analyze, organize and prioritize work while meeting multiple deadlines

• Ability to work successfully as a member of a team and independently

• Ability to process and handle confidential information with discretion

Customer Accountabilities:

• Leads respective group within a business unit in delivering operational support to the assigned areas

• Identifies and responds to changes in the business environment and establish action plans to address client issues and priorities

• Acts as a key liaison at the department level to actively engage stakeholders within the Bank and broader industry, developing and maintaining strong business partnerships, clarifying client needs and delivering client-centered solutions that enhance the overall end-to-end experience

• Secondary escalation point for significant risks/exceptions

• Monitors service and control standards against overall business/department objectives

• Provides frontline feedback to client strategy and broader process improvement functions to identify client pain points and opportunities for improvement

• Negotiates and help to resolve complex and/or escalated issues

• Builds a client-centric, collaborative and innovative culture

Shareholder Accountabilities:

• Proactively identifies key business opportunities, research and recommend system enhancement/modifications, develop strategies to achieve recommendations and work closely with system support to execute and implement system upgrades/enhancements

• Conducts root cause analysis, evaluate options and provide recommendations; ensure appropriate reporting and escalation of issues occurs based on risk profile

• Contributes to the development of the business plan, operationalize the plan and deliver on assigned service or functionality

• Protects the interests of the organization; identify and manage risks, resolve escalated matters and refer complex and/or non-standard, high-risk transactions/activities as needed

• Provides expertise and coordinate implementation and testing of new processes and systems and ensure these are well documented

• Applies knowledge of end-to-end processes and regulatory requirements to drive achievement of department standards for productivity and efficiency, implement process improvement initiatives and execute on change, supporting adherence, tracking and realizing benefits

• Mitigates risk by coordinating activities with partners in Operations, Technology, Finance, Risk Management, etc.

• Follows and ensures employees are knowledgeable of and comply with Bank and industry codes of conduct

• Acts as a key contributor to strategic initiatives, functional projects/programs and/or internal/external working groups and may sign off on projects of small scale and/or complexity

• Conceptualizes/defines change framework and contribute to strategy discussions; act as a key change agent for a defined area

• Adheres to enterprise frameworks and methodologies that relate to operations activities for own area (e.g. Anti-Money Laundering, Business Continuity Management); ensure unit operates in compliance with applicable internal and external requirements

• Participates in and/or lead community initiatives and promote commitment to shared Enterprise values and commitments

• Assesses performance based on team and function analytics

Employee/Team Accountabilities:

• Provides both leadership and guidance in managing the overall team

• Coaches and trains to develop team capability and ensure requests and infrastructure issues are handled according to established service standards

• Leads the process of setting performance objectives for the team; track, monitor and effectively address and/or reward performance in a timely manner

• Recruits for all hires to ensure a highly diverse, qualified workforce to achieve business objectives

• Creates a dynamic work environment in line with TD's Employee Value Proposition; challenge the status quo

• Grows team expertise to align with business/enterprise demand and direction; assess team skills and capabilities and continually look for ways to provide and enhance the value delivered

• Leads a high performing team; provide on-going feedback and performance reviews, coach and develop employees and ensure performance management activities are undertaken and completed for all employees

• Manages employees in compliance with all human resources policies, procedures and guidelines of conduct

• Shares knowledge, information, skills, and subject matter expertise among the team and ensure the timely communication of issues

• Encourages good working relationships with other functions and teams

• Promotes a fair and equitable environment that supports a diverse workforce and encourage the team to achieve common goals and objectives

• Facilitates change through positive reinforcement of milestones and successes as well as encouraging open discussion

• Operates with a One Team mindset

• Supports an environment where the team freely escalates performance and production challenges

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 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.

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.

If you're passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

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.