Work Location:
Canada
Hours:
37.5
Line of Business:
Personal & Commercial Banking
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:
The Financial Restructuring Group ("FRG"), part of the Business Bank, is a centre of expertise that manages higher-risk Business Banking relationships.
FRG's Mandate:
- To help the Business Bank achieve its market share objectives by restructuring and retaining good quality Business Banking clients.
- To help build Better Business Bankers through sharing knowledge derived from managing higher risk clients.
- To contribute to Business Banking's economic profit by maximizing recovery of funds and meeting pricing objectives.
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FRG's Mandate is accomplished by retaining client relationships, sharing knowledge, and contributing to the Business Bank's economic profit.
Job Description:
- The Director, Financial Restructuring Group assists financially troubled companies, where possible, to restructure so that they remain both viable and long-term customers of the Bank, optimizes loan recovery when restructuring is unlikely and protects the TD Brand at all times.
- The Director is responsible for managing a portfolio of large classified accounts (> $15MM CDN), as well as complex loans (including cash flow loans) of any size from across the country and all syndicated deals.
- In addition to managing a portfolio of accounts, the Director also provides coverage to designated "Shadow" accounts domiciled within Business Banking. In these instances, FRG acts an internal advisor to the Business Banking segment relationship team.
- The position works closely with the Business Banking network, internal partners such as Commercial Credit Risk Management, TDS Agency, and with external professionals including legal counsel, accountants/monitors, receivers and trustees.
- The position reports to the Vice President, Financial Restructuring Group.
Job Accountabilities:
- Ensure credit risk is properly assessed by performing independent risk analysis and by applying the policies & lending guidelines of the Bank
- Develop creative solutions to minimize risk and, wherever possible, provide support and flexibility to the client during the restructuring period
- Protect the Bank's assets by managing/using adequate risk monitoring systems and processes and by evaluating each account's performance as it relates to the assessment and management of credit risk
- Provide timely responses to clients
- Responsible for managing an Associate Director &/or CSO
- Ensures credit submissions by the Associate Director are clear, concise, and meet required policies and standards.
- Establish loan pricing/ fees commensurate with the risk profile of the account
- Develop and maintain effective relationships with various professional firms
- Act as a reference point to others in areas of personal expertise
- Maintain a high level of professionalism and contribute to a positive work environment
Job Requirements:
- 7 years + business financial commercial credit experience in order to assess risk; seek and develop creative solutions to resolve problems
- Bachelor's degree in Business or Finance
- Superior client relationship skills: the ability to listen and to understand client needs & challenges and to recognize relationship opportunities
- Collaborates with and involves key internal/external stakeholders; builds consensus. Professionally and respectfully deals with customers; considers diversity of viewpoints to be important and interacts well with diverse people and groups; ability to defuse high-tension situations
- Understands and has experience lending to large companies having complex operations &/or capital structures within syndicated credit agreements
- Keeps current on latest trends through a variety of information sources, constructively challenges conventional ideas/approaches, generates new ideas/approaches
- Works diligently to build and maintain long-term relationships with the clients; demonstrates diplomacy, tact and respect in dealing with the client
- Participates in associations as a source of networking and to expand areas of expertise
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 (Quebec only):
Sans Objet