TD Bank CRA SBIC Senior Asset Manager (US) in Philadelphia, Pennsylvania
CRA SBIC Senior Asset Manager (US)
At TD, we're guided by our purpose to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and behaviors. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career, and be part of our caring and inclusive culture.
Making Your Well-being a Priority
A caring and supportive culture that promotes colleague well-being is core to who we are. At TD, we focus on total well-being with extensive programs to help colleagues assess, manage, and improve their well-being across four core pillars — physical, financial, social and mental/emotional. In addition, we champion a safe and inclusive work environment, so colleagues feel a sense of belonging and feel supported in their personal and professional growth. Through our focus on well-being, we know that we can help our colleagues thrive, contribute to our culture of care, and support better business outcomes, because when colleagues feel their best, they're more likely to do their best.
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.
How We Work
At TD, we believe in-person connections fuel collaboration and collective creativity. Our workplace experience empowers colleagues to do great work side-by-side at TD locations, while offering flexibility to work remotely where it makes sense for the work and team. Our teams work in one of three workplace models: hybrid, onsite and primarily remote. Wherever our colleagues are working, they’ll always have access to the TD community to experience our culture of care.
Who We Are
TD is one of the world's 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 95,000 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 you’ve 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, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.
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The Community Reinvestment Act ("CRA") 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.
- Must be eligible for employment under regulatory standards applicable to the position.
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 Bank's tolerance levels
Assists in the mentorship and development of junior staff professionals
Provides valuation reporting to the CCG Asset Management Team Lead, as requested
Our Commitment to Diversity, Equity, and Inclusion
At TD, we’re committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We’re dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve.
EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.
If you are a candidate with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.
How We're Helping Make an Impact in Communities
TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future. That’s why we launched the TD Ready Commitment in 2018, now a multi-year North American initiative. Under the TD Ready Commitment, we are targeting a total of $1 billion by 2030 in community giving across four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It’s our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities.
We look forward to hearing from you!
New Jersey, Pennsylvania
Education & Experience:
Bachelor's 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
Understands and supports the Bank's 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
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
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 TD's 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
2005 Market Street
TD Bank AMCB
Job Category - Primary:
$108,160 - $175,760 annually
Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.