Senior Manager, Pension Investments

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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 candidates 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:

Role Overview

The Senior Manager Pension Investments is responsible for selecting underwriting implementing and monitoring external investment managers for TDs pension portfolios. The role combines investment expertise total portfolio thinking governance discipline and stakeholder management to support strong long-term outcomes while balancing risk liquidity cost and operational considerations.

Key responsibilities include manager research and due diligence mandate monitoring portfolio analysis and providing investment recommendations to senior management and governance committees. The role works closely with Treasury Finance Risk Legal consultants actuaries advisors and external investment managers.

Key Accountabilities

Investment Manager Research Selection & Monitoring

• Lead due diligence on external managers across public and private markets assessing investment process team portfolio construction risk management operational capabilities fees and organizational stability.
• Evaluate manager fit within total portfolio objectives including expected return risk liquidity diversification governance and implementation considerations.
• Lead manager searches RFI/RFP processes interviews reference checks and implementation planning.
• Monitor existing mandates including performance risk exposures organizational developments compliance staffing changes and mandate adherence.
• Identify issues and recommend appropriate actions including enhanced monitoring mandate modifications fee reviews rebalancing or manager replacement.
• Maintain due diligence records monitoring documentation and governance materials consistent with policy and control requirements.

Portfolio Construction & Investment Analysis

• Assess how managers strategies and asset classes contribute to total portfolio outcomes including return risk liquidity diversification cost and resilience.
• Evaluate implementation trade-offs across active/passive public/private internal/external and single/multi-manager structures.
• Research new investment strategies asset classes and portfolio structures.
• Develop clear evidence-based recommendations that highlight benefits risks implementation considerations and key decision points.

Governance Stakeholder Management & Leadership

• Prepare concise investment recommendations monitoring reports and committee materials for senior management and governance forums.
• Build trusted relationships with internal stakeholders consultants advisors and investment managers.
• Influence decisions through sound investment judgment and balanced consideration of risk governance operational and cost factors.
• Mentor junior team members and contribute to a culture of accountability continuous improvement and investment excellence.

Asset Class Expertise

Demonstrated expertise in one or more of the following areas:

• Public equities
• Fixed income and credit
• Private credit and structured credit
• Real estate and infrastructure
• Private equity
• Hedge funds and liquid alternatives

Strong understanding of how individual asset classes contribute to overall pension portfolio objectives is required.

Qualifications & Experience

Education & Credentials

• Graduate degree in Finance Economics Business Engineering Mathematics or related field or equivalent experience.
• CFA CAIA FSA or similar professional designation preferred.

Experience

• 10 years of institutional investment experience in pension investing manager research consulting portfolio management asset allocation risk management or related fields.
• Demonstrated experience evaluating investment managers and strategies across public and/or private markets.
• Strong understanding of defined benefit pension plans including governance funding liquidity risk and stakeholder considerations.
• Experience preparing investment recommendations monitoring reports and committee-ready materials for senior audiences.

Core Competencies

• Strong investment judgment and ability to assess manager skill risk and implementation quality.
• Ability to connect asset-class decisions to total portfolio outcomes.
• Excellent analytical problem-solving and project management skills.
• Strong due diligence mindset intellectual curiosity and ability to challenge assumptions.
• Clear and concise communication skills with the ability to translate complex investment topics into actionable recommendations.
• Proven ability to lead and influence across multiple stakeholders.
• Strong ownership mindset and ability to drive work from analysis to recommendation.

Who We Are:

TD is one of the worlds leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day we strive to make every interaction product and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada the United States and around the world. More than 95000 TD colleagues bring their skills talent and creativity to foster deeper relationships ensure disciplined execution and build a simpler faster banking experience. TD is deeply committed to being a leader in client experience that is why we believe that all colleagues no matter where they work are client facing. Together we are reimagining what banking can be for our clients colleagues and communities.

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 a base salary variable compensation and several other key plans such as health and well-being benefits savings and retirement programs paid time off banking benefits and discounts career development and reward and recognition programs. Learn more

Additional Information:
Were delighted that youre considering building a career with TD. Through regular development conversations training programs and a competitive benefits plan were committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations requirements.

Colleague Development

If youre interested in a specific career path or are looking to build certain skills we want to help you succeed. Youll 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.

If youre passionate about helping clients and building deep lasting relationships TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

Were committed to your success and foster a respectful workplace where diverse perspectives are valued everyone has fair opportunities to grow and you can unlock your full potential to achieve your career goals. Here at TD we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that youve got everything you need to succeed in your new role.

Interview Process
Well 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
Your accessibility is important to us. Please let us know if youd like accommodations (including accessible meeting rooms captioning for virtual interviews etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):