TD Community Development Corporation- SBIC Senior Asset Manager

TD Community Development Corporation SBIC Senior Asset Manager

The TD Community Development Corporation ("TDCDC") SBIC Senior Asset Manager optimizes performance of a growing equity investment portfolio in Small Business Investment Companies (SBIC) and economic development funds; identifies risk factors; ensures yields are tracked; and investments meet industry standard practices while conforming to all Bank and regulatory policies. The Asset Manager monitors and manages closed investments in SBICs and economic development funds for compliance with the investment guidelines and requirements of TD Bank, Community Reinvestment Act (CRA), the Volcker Rule, Internal Revenue Service (IRS) and Office of the Comptroller of the Currency (OCC) guidelines. The Asset Manager properly assesses and inputs data to Community Capital Group ("CCG") internal reporting systems and to the database maintained by our external vendor - Burgiss. Other responsibilities include the production of routine reports to monitor performance, impairment and compliance to Bank management.

Depth & Scope :

• Oversees and manages closed Bank investments in SBICs and economic development funds to ensure compliance with the investment guidelines and requirements
• Responsible for oversight and management of limited partnership investment information and communicates limited partnership investment information to a third-party service provider
• Responsible for the oversight and management of the accuracy of service provider information, and serves as point of contact for limited partnership investment related information for internal and external needs
• Responsible for oversight, and verification of investor capital call, redemption and distribution process, including accurate breakdown of LP distributions
• Responsible for oversight and management of timely, accurate, informative, professional reporting
• Responsible for oversight and management of monthly AUM reports
• Serves as a contact and resource for all internal and external requests for investment-related information
• Provides administrative support to the SBIC department head and Investment Officers for all SBIC investments
• Coordinates with other staff to create and maintain asset management files and records
• Coordinates effective communication among and maintains positive working relationships with Bank departments, Fund Sponsors and Regulators
• Keeps up to date with the SBIC investment market and regulation.
• Responsible for oversight, management and maintenance of information systems necessary for efficient analysis and reporting
• Responsible for verification and testing of records to ensure accuracy and completeness
• Provide oversight and testing of payment process
• Represent the Bank at industry trade conferences, volunteer organizations, and limited partner advisory and LP Board meetings
• Evaluates Fund Sponsor performance on an ongoing basis to ensure standards for investment quality and satisfactory equity returns are within the Bank's tolerance levels
• Assists in the mentorship and development of junior staff professionals
• Provides valuation reporting to the CCG Asset Management Team Lead, as requested

Education & Experience :

Customer Accountabilities :

Shareholder Accountabilities :

Employee / Team Accountabilities :

Physical Requirements :

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

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 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