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TD Bank SBIC Investment Officer III {Community Capital Group} in Philadelphia, Pennsylvania

297368BR

Job Title:

SBIC Investment Officer III {Community Capital Group}

TD Description:

About TD Bank, America's Most Convenient Bank®

TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US .

TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com .

Auto req ID:

297368BR

Department Overview:

The Community Capital Group is responsible for the management and supervision of the Community Reinvestment Act (“CRA”) investment functions for TD Bank US Holding Company including TD Bank, N.A. and TD Bank, USA. In carrying out its duties, the Community Capital Group strives to make CRA qualified investments that create positive long-term impact in revitalizing communities and neighborhoods in market areas served by the Bank while at the same time providing a competitive return.

Country:

United States

Job Requirements:

• Direct and evaluate co-investments for the TD Bank newly created SBIC co-investment fund to be named TD SBIC Impact Fund, LLC

• Evaluates potential TD Bank equity investments in lower middle market credit, mezzanine or equity buyout SBIC funds and venture capital SBIC funds

• Participates in all aspects of the investment diligence process from early stage assessment of a Fund Sponsor's PowerPoint presentation and/or PPM to investment committee approval and culminating with the execution and negotiation of the Subscription and Limited Partnership Agreements

• Performs financial, operational and legal due diligence on potential fund investments

• Conducts all analyses needed to make investment decisions, including a sample review of existing portfolio investments

• Writes investment memos and present investment recommendations to the CRA Investment Committee

• Negotiates limited partnership agreements in conjunction with outside legal counsel to achieve favorable terms for the Investors, including TD Bank

• 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

• Maintains Fund Sponsor relationships, including the continuous monitoring of fund performance and downside protections for the Bank

• Verifies that General Partners adhere to their limited partnership agreements and review General Partner requests for amendments and fund life extensions

• Contributes to the achievement of the OCC's CRA investment testing goals through SBIC investments

• Represents the Bank at industry trade conferences, volunteer organizations, and limited partner advisory and LP Board meetings

• Targets investment with Sponsors who invest in underserved areas without sacrificing asset quality

• Possesses personality traits that promote the existing team based atmosphere

• Serves as a respected resource and thought leader within the entrepreneurial community

• Assists in the mentorship and development of junior private equity professionals

  • Must be eligible for employment under regulatory standards applicable to the position.

Hours:

40

Job Description:

The Community Capital Group's SBIC Investment Officer III invests in Small Business Investment Companies (SBIC) and private welfare funds under an authorized annual budget as determined by the Community Reinvestment Act (CRA) Steering Committee for TD Bank, N.A. and within the permitted risk appetite of the Bank. This role abides by the CRA Investment Policy; the investment guidelines and requirements of the CRA and the Office of the Controller of Currency (OCC); and, adhere to the requirements of the Volcker Rule. The SBIC Investment Officer III is one of the principal lead underwriters throughout the equity investment process starting with managing the due diligence process for new or existing SBIC sponsors and culminating with the legal negotiation of Limited Partnership Agreements. This individual will be the lead underwriter for the TD SBIC Impact Fund once it is licensed by the SBA.

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 in and serve, and creating an environment where every employee has the opportunity to reach their potential.

If you are a candidate with a disability and need an accommodation 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.

EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.

Province/State:

Pennsylvania

City:

Philadelphia

Qualifications:

• Bachelor's degree or equivalent experience in Accounting, Finance or related business field required

• CFA desirable but not required

• 7-10+ years of related investment experience with lower middle market private equity funds is desired

• Candidates must possess a strong knowledge of private equity markets and related federal regulations for Bank investors, including CRA, Internal Revenue Service, OCC, Volcker Rule and other regulations

Preferred Qualifications:

• Strong underwriting & documentation experience

• Fund investment / Direct investment experience

• SBIC Program Experience

• Background in co-investment, secondary, private markets

Work Location:

2005 Market Street, Remote Philadelphia

Business Line:

TD Bank AMCB

Job Category - Primary:

Commercial Banking

Job Category(s):

Commercial Banking, Community & Environment, Operations & Underwriting

**Province/State (Primary):

Pennsylvania

City (Primary):

Philadelphia

Job Family:

Corporate & Specialty Banking

Time Type:

Full Time

Employment Type:

Regular

Hours/Availability Detail:

n/a

Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.

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