Work Location: New York, New York, United States of America
Hours: 40
Pay Details: $124,280 - $186,160 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.
Line of Business: Personal & Commercial Banking
Job Description
The Commercial Credit Manager (CCM) oversees quality underwriting, compliance, and credit monitoring for an assigned portfolio, while supporting new business development in alignment with credit risk policy and TD Bank Group's risk appetite. This role manages the credit underwriting and credit administration functions within a Regional Market or Middle Market segment. Core responsibilities include issuing credit understanding and approvals, managing credit analysts, and fostering ongoing development of credit skills and career growth for analysts. The CCM supervises a subset of credit analysts within a market where the team size justifies this leadership position. Collaboration with the Credit Officer is essential to ensure consistency with the TD Bank Group's Risk Appetite Principles, including establishing Borrower Risk Ratings and Facility Risk Ratings for new and existing relationships.
Depth and Scope
- Conduct preliminary research on potential clients to assess alignment with TD Bank products and structures, while assisting in evaluating credit needs and alignment with TD Credit Risk Appetite.
- Attend site visits as needed or requested.
- Oversee Credit Analysts in the preparation of preliminary spreads, cash flow analyses, BRR, and term sheets used to determine whether to move forward with prospects; supervise Officer Analysis and input BRR, FRR, Covenant, and ARD.
- Ensure staff are knowledgeable of and operate within applicable regulatory and compliance guidelines and procedures (including AML, Privacy, Firewalls, Systems & Information Security, FCAC, etc) and ensure required compliance attestations/training are completed within required timelines.
- Assess all credit applications to ensure a high-quality risk assessment, credit structure analysis, due diligence, and credit presentation.
- Balance customer risk with pricing appropriately.
- Maintain joint signature approval on credits within delegated limits and provide recommendations on all others.
- Ensure the overall portfolio is comprehensively monitored and controlled in line with approved guidelines and operating policies and procedures.
- Interpret and apply TD’s risk management strategy (credit and operational).
- Implement and operate systems to identify and mitigate operational risk issues, including serving as the Unit’s designated anti-money laundering officer.
- Stay informed about changing market conditions and relevant industry issues.
- Manage aspects of the customer relationship, including reviewing reports and delinquencies, signing covenant compliance forms, assisting in developing strategy if failures occur, and conducting monthly monitoring.
- May lead a team of Analysts in monitoring loan covenants, loan delinquencies, and the annual review and renewal of existing credit relationships.
Education & Experience
- Undergraduate degree in Accounting or Finance; MBA and MBA candidates preferred
- Minimum 5 years of experience in a related field
- Strong credit underwriting and administration skills
- Demonstrates ability to identify and mitigate risk
- Solid understanding of value-add credit structuring in a commercial banking environment
- Strong communication skills with business acumen
- Solid interpersonal skills
- Customer focused
- Strong planning and organizational skills
Physical Requirements
- Domestic Travel – Occasional
- International Travel – Never
- 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 performed by individuals in this role. They are not exhaustive of all responsibilities, duties, and skills required. The listed responsibilities and duties are considered essential for ADA purposes.
Who We Are
TD is among the world’s leading global financial institutions and ranks as the fifth largest bank in North America by branches and stores. We aim to make every interaction, product, and experience genuinely human and refreshingly simple for more than 27 million households and businesses worldwide. With over 95,000 TD colleagues, we strive to build deeper relationships, execute with discipline, and deliver a faster, simpler banking experience. TD remains committed to leadership in client experience, believing all colleagues, regardless of location, are client facing. Together, we are reimagining what banking can be for clients, colleagues, and communities.
The Total Rewards Package
Our Total Rewards package reflects the investments we make in colleagues and their families to support financial, physical, and mental well-being. Total Rewards at TD includes base salary and variable compensation or incentive awards (for example, eligibility for cash and/or equity incentives, typically through participation in an incentive plan) as well as several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and recognition programs. Learn more
Additional Information
We appreciate your interest in pursuing a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we are committed to providing the support our colleagues need to thrive both at work and at home.
Colleague Development
If you are pursuing a specific career path or aiming to build certain skills, we want to help you succeed. You will have regular career, development, and performance discussions with your manager, access to an online learning platform, and a variety of mentoring programs to help unlock future opportunities.
If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful i