18 Sep

Associate Counterparty Credit Jobs Vacancy in Bank Toronto

Position
Associate Counterparty Credit
Company
Bank
Location
Toronto ON
Opening
18 Sep, 2018 30+ days ago

Bank Toronto urgently required following position for Associate Counterparty Credit. Please read this job advertisement carefully before apply. There are some qualifications, experience and skills requirement that the employers require. Does your career history fit these requirements? Ensure you understand the role you are applying for and that it is suited to your skills and qualifications.

Follow the online directions, complete all the necessary fields, and provide all relevant information so your application is submitted correctly. When you click the 'Apply this Job' button (open in new window) you will be taken to the online application form. Here you will be asked to provide personal and contact details, respond to employment-related questions, and show how you meet the key selection criteria.

Associate Counterparty Credit Jobs Vacancy in Bank Toronto Jobs Details:

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Department Overview
The Global Counterparty Credit group is responsible for facilitating and managing various credit facilities to support multiple business groups including Sales and Trading, Global Transactional Banking and Treasury Balance Sheet Management while ensuring compliance with credit policies established by the Bank. Through strategic, tactical and risk-oriented teams of professionals, Global Counterparty Credit delivers the highest quality service and expertise to its stakeholders.

Job Type
Regular

Job Status
Full Time

Hours
M-F 8-5

Business line
TD Securities

Job Category - Primary
Securities | Wholesale Banking

Job Category(s)
Securities | Wholesale Banking

Job Description
The Counterparty Credit Associate is part of our team of in-house credit professionals that works closely with the organization’s Sales and Trading team. The Counterparty Credit team is involved with the origination process for the trading business and is responsible for the credit analysis and recommendation of credit/derivative facilities, enabling the various trading businesses/desks to transact with counterparties. You will also be responsible for ad-hoc reporting and monitoring of the credit risk profile of TD Securities’ clients that are users of a wide variety of capital market trading products including:
  • Accountable for the prudent management of a designated portfolio of borrowing clients that are primarily institutional clients. Assigned Borrowers could include pension/hedge/mutual funds, financial institutions, broker/dealers, and quasi-government/government entities.
  • Primary focus is to assess and manage the credit risk of Borrowers that are active users of a variety of credit products, including:
    • Derivatives (foreign exchange, interest rate, commodity, equity and credit derivatives)
    • Financing products (securities / equities borrowing and lending, and repurchase transactions)
    • Money market (commercial paper, bonds and asset-backed securities)
    • Direct credit lines.
  • Prepare and recommend high quality credit submissions for borrowers relating to new business proposals, interim and annual reviews
  • Conduct appropriate market, industry and client credit analysis and clearly articulate recommendations on credit decisions and appropriate borrower risk ratings.
  • Work closely with other product groups, including TDS Treasury Sales and Trading, TDS Cash Management and other business areas of TD, to ensure that credit needs are being met.
  • Monitor ongoing performance of assigned borrowers including compliance with credit limits and conditions of credit authorization
  • Identify potential problems requiring attention and recommend appropriate actions to manage the risks in any deteriorating situations on a timely basis.
  • Contribute to a strong credit culture within the Credit team by raising issues on credit risk, reputational risk and operational risk.
  • Provide a high level of client service; develop the client relationship by identifying cross-sell opportunities and coordinating with other business / product groups.
  • Ensure that credit arrangements adequately balance the risk and return.

Job Requirements
  • Solid understanding of capital markets and derivative products as well as the inherent market and credit risks gained through work experience in a similar role
  • Strong financial analysis and risk assessment skills
  • Strong verbal and written communication skills
  • Familiarity with legal documentation including ISDAs, repurchase agreements and loan agreements would be an asset
  • Strong PC skills (credit processing, Moody’s Financial Analyst, Microsoft Word, Excel)
  • MBA and/or CFA will be considered as an asset in this role

Additional Information
#LI-POST

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.


**Province/State (Primary)
Ontario

City (Primary)
Toronto


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