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Pay Detail:

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:

The Portfolio Management capability is a critical function within Corporate and Investment Banking (CIB) Credit, managing a portfolio of credit exposures and actively optimizing balance sheet usage through hedging strategies and loan distribution where appropriate. The ideal candidate will have experience in managing corporate credit risk, as well as knowledge of loan sales/ syndication markets, credit derivatives and frequently used hedging strategies including CDS, SRTs, Structured Credit and Non-payment Insurance.

This role will work in close collaboration with CIB Credit teams, Leveraged Sales & Trading and Asset Securitization to identify and execute risk mitigation and distribution strategies that align with the firm's risk appetite and return objectives.

Key Responsibilities:

• Portfolio Oversight and Optimization: Monitor and manage the risk-return profile of a portfolio of corporate credit exposures, ensuring appropriate diversification, limit utilization and regulatory capital efficiency.  Collaborate with sector teams and Credit Analytics to enhance existing frameworks for market data monitoring, to identify potential ratings migration risk or increasing capital intensity.

• Hedging and Risk Mitigation: Design and execute hedging strategies using credit default swaps, portfolio and single name risk transfer, credit insurance and other instruments to manage credit risk exposure in line with Risk mandates and / or optimization of capital and risk.

• Loan Sales and Distribution Strategy: Partner with CIB Credit (and Coverage as appropriate), Leveraged Sales & Trading, to identify and execute loan sales, syndications and secondary market strategies that reduce risk or free up capital.

• Compliance & Reporting Requirements: Assume responsibility for compliance with reporting and other obligations under various hedging strategies and loan participations (Covenant amendments, Loss Notifications / Insurance claims etc.) in collaboration with various teams including CIB Credit, ASG, Credit and Agency and external counsel as required. 

• Regulatory and Capital Impact: Analyze the impact of loan sales and hedging transactions on regulatory capital, RWA, liquidity and internal return metrics (e.g. RAROC, ROE)

• Reporting and Analytics: Provide regular updates on portfolio performance, hedge effectiveness, loan sale pipeline and stress test results to senior management and relevant committees

• Stakeholder Coordination: Liaise across risk, legal, finance and compliance teams to ensure adherence to internal policies and external regulatory frameworks for credit risk transfer and balance sheet management

Role Requirements / Experience:

• 4 - 8+ years of experience in credit portfolio management, structured finance/ SRTs, loan sales/ syndication or credit trading
• Solid understanding of corporate credit markets, syndicated loans, credit derivatives and risk transfer mechanisms
• Understanding of the Bank Loan market and fundamental credit research for illiquid loans to form views on relative value.
• Experience structuring and executing hedging transactions involving CDS, SRTs or similar instruments and Non-payment Insurance
• Familiarity with regulatory capital frameworks and their impact on loan portfolios
• Advanced Excel and financial modeling skills
• Excellent analytical, problem-solving and interpersonal communication skills
• Ability to work independently and collaboratively in a fast-paced, deal-driven environment
• Understanding of bank balance sheet optimization, internal risk-adjusted performance metrics and liquidity management