Director Business Banking
Toronto, ON, Canada
Job Description
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403724BR
Commercial Banking
Toronto, ON
March 21, 2023
Company Overview
Tell us your story. Don\xe2\x80\x99t go unnoticed. Explain why you\xe2\x80\x99re a winning candidate. Think \xe2\x80\x9cTD\xe2\x80\x9d if you crave meaningful work and embrace change like we do. We are a trusted North American leader that cares about people and inspires them to grow and move forward. Stay current and competitive. Carve out a career for yourself. Grow with us. Here\xe2\x80\x99s our story: jobs.td.com Department Overview
The Financial Restructuring Group (FRG), part of Business Banking, is a centre of excellence to manage the Bank\xe2\x80\x99s higher risk borrower relationships. FRG:
- Helps companies restructure so that they remain both viable and long-term customers of the Bank
- Protects the Bank\xe2\x80\x99s shareholders, where necessary, by exiting relationships and/or realizing on assets in order to collect loans
- Seeks a reasonable return on the account based on the risk profile during the restructuring or exit period
- The Director, Financial Restructuring Group assists financially troubled companies, where possible, to restructure so that they remain both viable and long-term customers of the Bank, optimizes loan recovery when restructuring is unlikely and protects the TD Brand at all times.
- The position is responsible for managing a portfolio of approximately 20 classified accounts with outstanding loans to large, complex companies typically greater than $10,000,000.
- The position works closely with the Business Banking network, internal partners such as Commercial Credit Risk Management, TDS Loan Agency and with external professionals including legal counsel, accountants/monitors, receivers and trustees.
- The position reports to the Vice President, Financial Restructuring Group.
Accountabilities:
- Ensure credit risk is properly assessed by performing independent risk analysis and by applying the policies & lending guidelines of the Bank
- Develop creative solutions to minimize risk and, wherever possible, provide support and flexibility to the client during the restructuring period
- Protect the Bank\xe2\x80\x99s assets by managing/using adequate risk monitoring systems and processes and by evaluating each account\xe2\x80\x99s performance as it relates to the assessment and management of credit risk
- Provide timely responses to clients
- People Manager of the Senior Analyst, FRG. Ensures credit submissions by the Senior Analyst are clear, concise, and meet required policies and standards.
- Establish loan pricing/ fees commensurate with the risk profile of the account
- Develop and maintain effective relationships with various professional firms
- Act as a reference point to others in areas of personal expertise
- Maintain a high level of professionalism and contribute to a positive work environment
- Superior client relationship skills; the ability to listen and to understand client needs & challenges and to recognize relationship opportunities
- Collaborates with and involves key internal/external stakeholders; builds consensus. Professionally and respectfully deals with customers; considers diversity of viewpoints to be important and interacts well with diverse people and groups; ability to defuse high-tension situations
- Strong commercial credit skills in order to assess risk; seeks and develops creative solutions to resolve problems
- Understands and has experience lending to large companies having complex operations and capital structures within syndicated credit agreements. Knowledge of Canadian and US insolvency legislation is critical.
- Keeps current on latest trends through a variety of information sources, constructively challenges conventional ideas/approaches, generates new ideas/approaches
- Works diligently to build and maintain long-term relationships with the clients; demonstrates diplomacy, tact and respect in dealing with the client
- Participates in associations as a source of networking and to expand areas of expertise
37.5 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.
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Job Detail
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Job IdJD2137583
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationToronto, ON, Canada
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EducationNot mentioned