Vice President - ABS Structurer, TD Securities

Asset Backed Securitization (ABS) Structurer

Work Location : New York, New York, United States of America Hours : 40 Line of Business : TD Securities Pay Detail : $275,000 - $275,000 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. 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.

Job Description

TD Securities is seeking a highly motivated Asset Backed Securitization (ABS) Structurer to join our team. The ideal candidate will have a strong background in asset-backed securities, finance, and quantitative analysis. This role involves structuring and underwriting ABS-related deals, building collateral, cashflow and credit models, and working closely with various teams to support strategic initiatives and projects.

Key Responsibilities

• Structuring and underwriting ABS-related deals.
• Working with 3rd parties in underwriting processes.
• Building and maintaining ABS-related collateral, cashflow, and credit models.
• Collaborating with banking teams for new deal pitches.
• Assisting sales teams with investor requests and stress scenario analysis.
• Studying rating agencies' coverage and methodologies.
• Generating new structuring strategies.
• Identifying new subsector growth opportunities within the bank with the coverage group.

Depth & Scope

Develops existing and new syndicate client relationships. Executes all investment grade and SSA USD transactions. Provides market updates of investment grade issuers as well as frequent borrowers when needed in the U.S., Canada, and Europe, in concert with DCM partners in Toronto, London, and Singapore. Prepares and recommends best pricing solutions for interest rate and cross-currency derivative transactions. Provides new issue documentation (e.g. ISDA negotiations, term sheet, book runner, and swap summary). Provides support of the team on all fixed income new issues and structured MTN business. Provides guidance and desk coverage for members of the New York Origination & Syndication team where appropriate. Maximizes the profitability of the business by maintaining and enhancing the Banks profile and market share. Adheres personally and at a desk level to the firm's procedures. Understands and complies with TD Securities (USA) Policies, regulatory and compliance requirements, ensuring that transactions are fully documented and processed accurately and in a timely manner. Communicates bank, policy information, and strategy between the product head and relevant trading personnel. Provides expert knowledge of market data, economic information and key industry developments as well as regulatory standards at all times to assist in maximizing profitability through sound trading decisions. Position develops and maintains contacts. Manages performance and provides instruction, training and mentoring to junior personnel on the DCM team in New York. Demonstrates governance, control and risk management behaviors in alignment with TD policies and practices.

Education & Experience

Undergraduate degree in Business (Accounting or Finance) or Mathematics / Economics; Series 7 and 63 5-7 Years of related experience

Preferred Qualifications

Strong knowledge of asset-backed securities and banking. Proficiency in VBA and SQL; knowledge of Python is a plus. Expertise in Discount Cashflow, Price Yield, Duration, Bond Math, Stress Testing, Scenario Analysis, Breakeven Analysis, and Optimization Strong analytical and quantitative skills. Excellent communication and interpersonal skills. Ability to work independently and as well as part of a team. Detail-oriented with strong organizational skills. Ability to manage multiple projects and meet deadlines

Physical Requirements

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

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 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.

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. 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 USWAPTDO@td.com. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process. Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.