Work Location:
Toronto, Ontario, Canada
Hours:
37.5
Line of Business:
TD Wealth
Pay Details:
$120,000 - $160,000 CAD
TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.
As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.
Want more jobs like this?
Get jobs in Toronto, Canada delivered to your inbox every week.
Job Description:
TD Asset Management (TDAM), a member of TD Bank Financial Group, is a leading North American investment manager offering progressive investment solutions to both institutional and individual investors. For over two decades, the organization has established competitive market positions in active, quantitative, and passive portfolio management. As of June 30, 2024, TDAM and its affiliates manage over $434 billion in assets on behalf of pension, insurance, endowment/foundation, and corporate clients, as well as high-net worth clients and retail mutual funds.
In attaining this client commitment, TDAM has built one of Canada's largest and most respected investment management and research teams with more than 220 Portfolio Managers, Associate Portfolio Managers, Traders and Analysts.
The Institutional Product team within TD Asset Management is responsible for the product strategy and development of TD's entire institutional product portfolio. The team's mandate is as follows:
- Develop a solid understanding of markets, competitors, product and regulatory trends and client needs to effectively inform decisions on new product concepts
- Synthesize data on emerging medium and long term product development trends to inform product roadmap
- Develop products for various countries and regions to profitably grow market share
- Provide a high level of support to our Relationship Management and Client Service groups
- On-going product management ensuring our investment solutions remain competitive and compliant with regulatory requirements
Position Summary:
The Vice President (Manager), TDAM Institutional Product is responsible for supporting all aspects of product management for the private asset institutional product shelf (global - distributed across regions in North America, Europe and Asia Pacific), including implementation of new products and product changes, product innovation and positioning.
Key Responsibilities:
- Serve as the senior member of the Private Assets product management team, including potential people management and provide guidance to junior team members
- Act as a subject matter expert on product structures, including global fund structures such as Unit Trusts, CITs, SCSPs, LLCs, LP/GP structures, ICAV/SICAV, UCITS, etc.
- Manage day to day activities for management of Fund suite, including operational set up and issue resolution, offering circular management, end to end oversight on Fund suite (performance, regulatory requirements, investment strategy, distribution, asset flows, legal documents, board meetings etc.)
- Help define and build the business case for new product development initiatives through assembling fact-based arguments and providing competitive insights
- Manage regulatory filings and requirements for Funds in jurisdictions in North America, Europe, and Asia Pacific
- Act as the project lead to implement new products, including the coordination of internal partners and external service providers to ensure operational readiness
- Meet with internal and external stakeholders to identify product gaps
- Have an understanding of TDAM's general investment philosophy, investment styles, and product structures
- Work closely with internal control partners to mitigate risks while executing
- with speed to market
- Support product strategy team, including competitive research and analysis, including making meaningful recommendations to promote the development of new product concepts
Key Interactions:
The following interactions constitute an integral part of this position:
- Direct report to the Vice President & Director, Corporate Strategy & Global Institutional Product
- Executives, relationship managers and other investment professionals across TD Wealth and TD Bank, including those in non-domestic jurisdictions
- Collaborate with internal partners including Business Management and Solutions, Corporate Strategy, Product Design, Portfolio Management, Client Portfolio Managers, Sales, Legal, Sales Strategy and Communications, Finance, Compliance, Operations and Marketing
- 3rd Party vendor relationships
Role-Specific Skills & Qualifications:
- Minimum 5 years of related industry experience preferred with at least 3 years of experience in an institutional product development function within the asset management industry required
- Experience with alternatives, including real assets required
- Experience reviewing offering circulars, including deep understanding of fund features (e.g. redemption/subscription policies, distribution policies, and other mechanisms) is required
- Knowledge of Canadian institutional investment product related vehicles including a working knowledge of major investment strategies and styles employed by fixed income, equity and alternative portfolio managers is required
- Knowledge of global investment fund structures, such as limited partnerships, LLCs, offshore feeders, UCITs is required
- Preference given to candidates with product development experience across various asset classes and vehicles
- Demonstrated experience engaging in complex investment product launches with multiple stakeholders
- A working knowledge of regulatory and compliance issues, fund accounting and performance/portfolio reporting principles
Table-stakes Skillsets:
- Strong leadership skills
- CFA required, or commensurate experience
- Although not a direct people manager role, preference given to candidates with some people management experience due to dotted-line team structure
- Excellent written, verbal communication and presentation skills, with an ability to interact with all levels of the organization
- Excellent analytic, problem-solving and quantitative skills, with exceptional attention to detail
- Strong interpersonal skills in interacting with various stakeholders within the firm, other members of the product team
- Ability to operate in a fast-paced environment
- Ability to prioritize many projects simultaneously
- Ability to deal with ambiguity and change
- Undergraduate degree required
Hybrid = 3-4 days a week in the office
"Please note, This is a Manager level role that is Market Titled as Vice President, TDAM"
#LI-Wealth
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 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.
Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.
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