Director, Head of Flow Asset-Backed Securities

Job Description:

Lead the Flow ABS team focusing on securitization of receivables backed by auto loans, credit cards, equipment, deferred payment plans and similar assets. In addition, oversee issuers of consumer finance ABS, including secured/unsecured consumer loans, Buy Now Pay Later (BNPL), and other Fintech assets. Drive origination, structuring execution of term ABS transactions to optimize funding for clients.

The Director contributes to the profitability of the ABS business, while maintaining and enhancing the Bank's profile and market share.

Key Responsibilities:

• Manage end-to-end origination and execution of Flow ABS transactions, ensuring compliance with regulatory standards and market conditions.
• Build and maintain relationships with originators, investors, rating agencies and internal stakeholders.
• Analyze market trends, pricing, and credit risks to form transaction strategies for ABS Issuers.
• Lead a team of professionals, providing guidance on deal structuring, documentation, due diligence etc.
• Advise and execute transactions for TD's Treasury team to support its ABS Funding platforms.
• Collaborate with cross-functional teams (e.g., legal, risk, sales, and trading) to execute transactions efficiently.

Depth & Scope:

• Liaises closely with the bank's other operations in Canada and the U.S. to assist in meeting the banks objectives.
• Strict adherence personally and at a desk level to the firm's procedures.
• Understands and complies with TD Policies, regulatory and compliance requirements.
• Ensures that transactions are fully documented and processed accurately and in a timely manner.
• Strong communicator of bank, policy information and strategy between the product head and relevant personnel.
• Fully informed on market data, economic information and key industry developments as well as regulatory standards at all times to assist in maximizing profitability.
• Develops and maintains contacts with market participants.
• Responsible for being aware of and understanding the approved Business Strategies (Strategic Business Reviews SBR's), applicable to the business.
• Responsible for ensuring your Functional and Local Manager(s) are kept current and apprised of all relevant operational, risk management and control issues.
• Responsible for escalating any operational issues to all of your managers, as appropriate.
• Responsible for ensuring the Functional and Local Manager(s) are kept apprised of the business strategy.
• Ensures that the expectations of Functional and Local manager(s) are met, where conflicts or issues arise, ensures that they are escalated to all managers and resolved in a timely manner.

Education & Experience:

• Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.
• Series 7 and 63.
• 7-10 years related experience.

Preferred Qualifications:

• 10-15 years of direct experience in origination and execution of term ABS transactions, with expertise and existing client relationships in Flow ABS and consumer finance assets.
• Strong knowledge and experience with securitization markets.
• Proven track record in transaction structuring, credit analysis, and investor relations.
• Excellent leadership, communication, and negotiation skills; familiarity with rating agency requirements.

Physical Requirements:

• 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

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 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.

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.

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.

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.