Work Location: New York, New York, United States of America
Hours: 40
Pay Details: $167,200 - $250,800 USD
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. 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.
Line of Business: Personal & Commercial Banking
Job Description:
The Market Credit Manager (MCM) is a leader and people manager on the Community Development Lending team within TD Bank's Institutional Commercial Real Estate (I-CRE) group. The MCM will manage the structuring, underwriting, and portfolio management of Community Reinvestment Act (CRA)-eligible construction loans for projects financed with LIHTC, tax exempt bonds, and other forms of subsidy. These projects result in the new construction and preservation of affordable housing and other community development assets in Low and Moderate Income (LMI) communities across the Bank's footprint. The CRA Team is aligned within the I-CRE line of business working alongside Relationship Management and Credit Risk Management and is responsible for originating and managing loan opportunities that are consistent with the TD Bank Group's Risk Appetite Principles.
The CSB Market Credit Manager II (MCM) manages the credit underwriting and credit administration functions within Specialty Banking, consistent with the TD Bank Group Risk Appetite Principles, including establishing the credit structure, Borrower Risk Ratings and Facility Risk Ratings for new and existing credit relationships. The CSB Market Credit Manager II directs the Credit Specialists and Credit Analysts in the monitoring of loan covenants, loan delinquency, and completion of the annual review and renewal of existing credit relationships. This job manages a team of Credit Specialists or, in some cases, a team of Credit Specialists and Analysts.
Depth & Scope:
- Leads a Team of Credit Specialists and Credit Analysts
- Manages the credit operational risk of a developing a smaller Region or Portfolio while driving profitable business growth
- Involvement early on in deal structure in partnership with Regional Director or Team Lead and Credit Risk Management
- Jointly sponsors and advances transactions with the Regional Director or Team Lead during the approval process
- Ensures adherence to Risk Policies, operational risk processes, policies, and practices and drives business successes
- Assists in executing the regions or division's business plan by ensuring the timely and consistent underwriting and closing of new and existing credit relationships within the business unit
- Ensures the team's applications provide a high quality of risk assessment, credit structure, due diligence, and credit presentation
- Directs the completion of annual reviews and renewals of existing credit relationships in a timely manner and in accordance with Credit Policy
- Directs the review of compliance with loan covenants within the region
- Serves as the leader on commercial loan structuring, pricing models, Risk Adjusted Return on Capital (RAROC), Maestro and loan reporting systems within the region
- Serves as a leader in ensuring the region or division meets its Business Plan by providing consistent and complete underwriting of new credit relationships
- Manages the appropriate balance between new business development, loan pricing and credit risk within the region
- Identifies and responds to changes in the macro-economic environment, industry issues and business environment
- Escalates credit issues of the region or division to the Regional Director or Team Lead and Credit Risk Management
- Ensures the Team's Credit Management staff is knowledgeable of and operates within the TD Bank Group Risk Appetite Principles
- Approves new loans and annual reviews within delegated credit approval limits established by TD Bank, NA Loan Policy
- Interprets and applies TD Bank, NAs credit risk and operational risk management strategies within the team
- Builds and maintains productive relationships with all business partners within the Division and across TD Bank, NA
- Coaches Credit Specialists and Credit Analysts in developing value-added credit solutions for our customers
Education & Experience:
- 4 year Undergraduate degree; advanced degree in financial discipline preferred
- 10+ years' experience in related field. In-depth understanding of the real estate industry, business development techniques and credit decisions
- Demonstrates excellent credit underwriting and administration skills
- Demonstrates superior ability to identify and mitigate risk
- Broad and deep understanding of value-add credit structuring in a commercial banking environment
- Excellent written and verbal communication skills with strong business acumen
- Demonstrates planning and organizational skills. Proven ability to problem solve; Technologically proficient
Physical Requirements:
- 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.
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.
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.
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 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.
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.
Accommodation
If you are an applicant with a disability and need accommodations to complete the application process, email the 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 application process.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
