Vice President - Global Counterparty Credit, Hedge Funds

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Personal & Commercial Banking

Pay Detail:

$200,000 - $200,000 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.

Job Description:

As part of the broader Global Markets Credit team, Global Counterparty Credit (GCC) provides best-of-class service to business partners in TD Bank Financial Group, including TD Securities. GCC is a dynamic team responsible for the new business due diligence and ongoing monitoring of counterparties across the Financial Institutions, Non-bank Financial Institution and Funds sectors. Global Markets Credit contributes to the Group's strong risk culture by identifying, assessing, and mitigating counterparty credit risks.

The Vice President – GCC Hedge Funds is a member of a team of credit analysts that evaluate and facilitate the credit requirements for TD Securities' Global Markets Hedge Fund business within the Groups' risk appetite and strategies. The Vice President works closely with key stakeholders, including Global Markets business lines, Relationship Managers, Global Markets Documentation, Credit Risk Management/Risk Management and Market Risk Control in assessing trading, derivative, and financing transactions.  Hedge Fund and derivative product experience is essential for a successful candidate.

Depth & Scope:

• Responsible for the prudent management of a portfolio of hedge fund counterparties that are active users of capital markets products, including derivatives, financing products and margin financing via prime brokerage and synthetics.
• Evaluate transaction and counterparty risk to support growth of the Equities (Prime Brokerage, Stock borrowing/lending, OTC Derivatives), Fixed Income (Repo/Reverse Repo, Interest Rate Derivatives) and FX businesses. 
• Provide well-reasoned assessments of risk/return profiles associated with transaction and client relationships.
• Oversee and monitor the ongoing performance of a portfolio of hedge fund counterparties to ensure compliance with all terms and conditions of the credit authorization and trading documents and ensure that counterparty risk ratings for the assigned portfolio remain accurate.
• Negotiate and structure credit terms contained in relevant trading and/or lending agreements to ensure appropriate risk mitigating terms are incorporated as required per trading/lending product policies.
• Develop working relationships and coordinate with Global Markets business lines, Credit Risk Management/Risk Management, Global Markets Documentation, Legal, Compliance and Operations to structure transactions to mitigate counterparty and various other risks as applicable.
• Conduct market, industry, and counterparty due diligence as part of comprehensive credit assessment.
• Keep apprised of industry trends and derivative product developments through participation in industry forums and conferences.

Education & Experience:

• Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.
• 5-10 years a counterparty or credit risk function at a large Financial Institution covering hedge funds, private equity, and institutional family offices.
• Experience with Prime Brokerage underwriting and equity derivatives products is required.
• Experience with legal agreements including ISDAs, MCAs, GMRAs, MRAs and PBAs.
• Strong Excel and modeling skills.   

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.

#Li-onsite

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple.  Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. 

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 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:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll 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 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 impact.  

We're 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 you’ve got everything you need to succeed in your new role.

Interview Process
We’ll 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 [email protected].  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.