Treasury Associate Program

373965BR

TD Description

All companies are not the same. What makes TD special as a business is also, what makes us special as an employer. Why TD?

TD’s Colleague Promise: A better you. A better us.

A more confident you means a stronger us. We empower you to grow your skills, gain new perspectives, and create impact at work and in your community. That’s our unique and inclusive culture.

Department Overview

Who We Are
TD Bank’s Treasury and Balance Sheet Management (TBSM) is a recognized global leader in asset and liability management.

We also drive shareholder value by managing wholesale funding programs, maintaining a comprehensive and disciplined funds transfer pricing framework and developing strategies for the enterprise investment portfolio and capital positions to ensure TD can generate stable and predictable earnings while optimizing the balance sheet within our risk appetite.

TBSM has over 250 professionals providing expertise in managing the bank’s balance sheet to drive incremental value across all of TD’s businesses.

About the Program
The Treasury Associate Program begins with comprehensive training delivered by both Treasury and Balance Sheet Management (TBSM) subject-matter experts and external presenters to provide Associates with a solid foundation of key TBSM risk concepts and practices. Training is followed by four 6-month rotations in the potential following areas*:

• Market Risk Measurement & Analytics: Measure, manage and hedge the interest rate, foreign exchange and equity risk associated with non-trading products on TD’s trillion-dollar balance sheet.
• Funds Transfer Pricing: Ensure that all non-trading products and businesses are measured on a fully hedged and liquidity premium adjusted basis to accurately reflect the economic profit
• Investment Portfolio Management: Execution of hedging and investment portfolio management in support of the Bank’s asset and liability management strategies.
• Enterprise Capital Management: Establish a management framework for the efficient and prudent management of TD’s capital position while optimizing shareholder’s return on capital
• Wholesale Funding: execute and manage term funding transactions and programs for TD Bank, including senior unsecured debt, covered bond and secured funding through ABS and MBS channels
• Liquidity Risk Management: measure and manage changes in TD Bank’s cash flows, collateral pledging requirements and funding needs to ensure adequate liquidity level while minimizing funding costs

*Rotation opportunities are subject to change without notice

Each rotation is likely to consist of a combination of project-based and reporting (attribution) work. As Associates progress through the program, they will gain valuable experiences in strategic decision making and industry leading risk management and portfolio management practices, allowing a holistic view of balance sheet management to be developed by the end of the program. You will be supported by a team of colleagues, peers, advisors and Executive mentors to ensure your growth, development and success.

Job Description

Treasury Associate Program – Who We Seek
The Treasury Associate Program develops leaders who specialize in managing the bank’s assets and liabilities using sophisticated and complex hedging strategies and superior execution of financial derivatives.

You enjoy solving complex financial problems in a regulated industry. You take initiative and are passionate about simplifying things and improving processes. You have creative new perspectives, and you have the confidence to share them with senior management.
Accountabilities in the rotations:

• Develop detailed, accurate and timely financial reporting and forecasts supported by insightful commentary using MS Excel, Power Pivot-Query-Automate, Access, Tableau, Alteryx, etc.
• Use key financial, data and project tools to ensure success, efficiency and productivity (Bloomberg, SQL, Confluence, Jira, Office 365, SharePoint, VBA, R, Python and other relevant tools)
• Identify/implement process improvements to automate, streamline and increase accuracy of data analysis to influence material financial decisions
• Represent Treasury on cross functional/cross product working groups, projects and forums
• Work with key business partners on hedging, new product offerings, pricing decisions etc.
• Liaison between internal stakeholders (business, accounting, risk, legal and tax) and external advisors where appropriate
• Managing and prioritizing multiple projects, working with discretion and confidentiality
• Advise and present to senior management and influence decisions
• Invest in personal development and growth; you value and seek constructive feedback

Job Requirements

Qualifications:

• You have and/or are completing a Graduate Degree within the last two years in a quantitative discipline (Finance, Economics, Mathematics, Engineering, Statistics, Data, etc.) or a Master of Business Administration
• Record of excellence in academics balanced with a range of extracurricular activities
• Active involvement with the community in leadership roles
• Self-aware, adaptable and exemplify behaviours and values that align with TD
• Exceptional interpersonal skills and you thrive in a fast-paced dynamic team environment
• Excellent communication skills; to write, present and to explain complex technical issues simply
• Flexible, self-directed, organized, articulate; work effectively independently and in teams
• High degree of numeracy and comfort with financial and quantitative analysis including modelling/hedging
• Eye for process simplification, automation and innovation; can dig through voluminous data
• Strong technology user; adopts and can learn new tools quickly
• Understanding of financial markets and instruments, financial engineering, financial institution operations, bank product structure, pricing and transfer pricing, legislative/regulatory environment
• Able to work conceptually and translate to implementation for daily tasks as well as project work

• At least 3 years’ experience post-undergraduate degree with increasing responsibilities in a related field

• Professional designations are assets (e.g. CFA, CPA, FRM, etc.)

Additional Information

Applications:
This is a Toronto-based 2-year rotational program (Ontario, Canada) which starts in the summer.
Applications must include transcripts, cover letter (one letter-sized page only) and a resume (two letter-sized pages only).  Include graduation month/date/year in cover letter.

Start date: June 2023, candidates must have graduated prior to start (excluding convocation)
Location: Toronto

We welcome all applications but can only respond to candidates selected for an interview.  Thank you for your interest.

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.

Campus Program

Hours

37.5

**Province/State (Primary)

Ontario

City (Primary)

Toronto

Work Location

TD Centre – TD Tower – 66 Wellington Street West

Job Expires

21-Aug-2022