TD Community Development Corporation- SBIC Senior Asset Manager

Work Location:

Hours:

Pay Details:

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.

Line of Business:

Job Description:

The TD Community Development Corporation (TDCDC) SBIC Senior Asset Manager optimizes performance of a growing equity investment portfolio in Small Business Investment Companies (SBIC) and economic development funds; identifies risk factors; ensures yields are tracked; and investments meet industry standard practices while conforming to all Bank and regulatory policies. The Asset Manager monitors and manages closed investments in SBICs and economic development funds for compliance with the investment guidelines and requirements of TD Bank Community Reinvestment Act (CRA) the Volcker Rule Internal Revenue Service (IRS) and Office of the Comptroller of the Currency (OCC) guidelines. The Senior Asset Manager properly assesses and reports data to TDCDC and TD Bank internal reporting systems and to the portfolio management system maintained by our external vendor - Burgiss. Other responsibilities include the production of internal reports for earnings forecasting investment performance impairment and compliance to TD Bank and TDCDC management.
TD Community Development Corporation- SBIC Senior Asset Manager optimizes performance of a growing equity investment portfolio in Small Business Investment Companies (SBIC) and economic development funds; identifies risk factors; ensures yields are tracked; and investments meet industry standard practices while conforming to all Bank and regulatory policies. The Asset Manager monitors and manages closed investments in SBICs and economic development funds for compliance with the investment guidelines and requirements of the Bank CRA the Volcker Rule Internal Revenue Service (IRS) and Office of the Comptroller of the Currency (OCC) guidelines. The Asset Manager properly assesses and inputs data to Community Capital Group (CCG) internal reporting systems and to the database maintained by our external vendor - Burgiss. Other responsibilities include the production of routine reports to monitor performance impairment and compliance to Bank management.

Depth & Scope:

• Oversees and manages closed Bank investments in SBICs and economic development funds to ensure compliance with the investment guidelines and requirements
• Responsible for oversight and management of limited partnership investment information and communicates limited partnership investment information to a third-party service provider
• Responsible for the oversight and management of the accuracy of service provider information and serves as point of contact for limited partnership investment related information for internal and external needs
• Responsible for oversight and verification of investor capital call redemption and distribution process including accurate breakdown of LP distributions
• Responsible for oversight and management of timely accurate informative professional reporting
• Responsible for oversight and management of monthly AUM reports
• Serves as a contact and resource for all internal and external requests for investment-related information
• Provides administrative support to the SBIC department head and Investment Officers for all SBIC investments
• Coordinates with other staff to create and maintain asset management files and records
• Coordinates effective communication among and maintains positive working relationships with Bank departments Fund Sponsors and Regulators
• Keeps up to date with the SBIC investment market and regulation.
• Responsible for oversight management and maintenance of information systems necessary for efficient analysis and reporting
• Responsible for verification and testing of records to ensure accuracy and completeness
• Provide oversight and testing of payment process
• Represent the Bank at industry trade conferences volunteer organizations and limited partner advisory and LP Board meetings
• Evaluates Fund Sponsor performance on an ongoing basis to ensure standards for investment quality and satisfactory equity returns are within the Banks tolerance levels
• Assists in the mentorship and development of junior staff professionals
• Provides valuation reporting to the CCG Asset Management Team Lead as requested

Education & Experience:

• Bachelors degree or equivalent experience in Accounting Finance or related business field. CPA or CFA accreditation is considered a plus
• 7 years of related investment experience with lower middle market (LMM) mezzanine and LMM buyout funds is a plus
• Candidates should possess a strong knowledge of LMM mezzanine and LMM private equity markets
• Knowledge of related federal regulations for Bank investors including CRA Internal Revenue Service OCC Volcker Rule and other regulations is advantageous
• Proven ability to analyze financial statements legal documents partnership and subscription agreements and IRR models.
• Proficiency in MS Windows network environment to include MS Excel MS Word and MS PowerPoint
• Working knowledge of the key macroeconomic trends within the LMM mezzanine and LMM private equity industry and to a lesser extent the venture capital industry as well as a willingness to expand knowledge where needed
• Demonstrated ability in building and sustaining business relationships both internally and externally
• Excellent communication skills with demonstrated ability to work successfully with a wide range of people
• Proven ability to coach and mentor team members

Customer Accountabilities:

• Understands and supports the Banks Customer Service Strategy
• Considers the impact of advice and decisions on the well-being of the Bank as well as its customers its employees and stakeholders
• Provides the highest level of Customer service when dealing with internal partners vendors or our Customers - WOW at every opportunity
• Leads coaches and models quality service delivery at every interaction
• Supports the ongoing improvement of the partner/Customer experience

Shareholder Accountabilities:

• Supports the development and implementation of operational strategies and objectives to achieve measurable excellence in the quality delivery of service and products aligned with Best Run concepts and overall enterprise strategy and objectives
• Participates in establishing and executing plans and goals for the Business to drive toward results
• Provides financial reports and analysis including budget variances to management on a regular basis

Employee/Team Accountabilities:

• Sets the appropriate context for the business unit/function to enable optimal performance and alignment to strategy
• Supports the creation of goals and objectives for the business unit/function. Communicate those goals and objectives to the team
• Builds capability support / executes plans to acquire develop and retain the diverse teams with the skills and experience necessary to realize on current and future business strategies
• Role model behavior is consistent with TDs leadership profile customer and employee experience agendas and risk and control culture
• Creates an extraordinary place to work advance and sustain a unique inclusive culture that reflects TDs diversity agenda and creates an extraordinary employee experience
• Leads coaches and develops a highly effective team by ensuring on-going training and performance and development management
• Participates in civic activities to promote growth and development of the community and a positive image for TD Bank

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

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

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 deliver legendary customer experiences to 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 the Bank those we serve and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers communities and colleagues.

TD is deeply committed to being a leader in customer experience that is why we believe that all colleagues no matter where they work are customer facing. As we build our business and deliver on our strategy we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether youve got years of banking experience or are just starting your career in financial services we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs were here to support you towards your goals. As an organization we keep growing and so will you.

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. 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.

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. Whether you have a passion for helping customers and want to expand your experience or you want to coach and inspire your colleagues there are many different career paths within our organization at TD and were committed to helping you identify opportunities that support your goals.

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

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 . Include your full name best way to reach you and the accommodation needed to assist you with the applicant process.