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.
The Director Retail Portfolio Management - Real Estate Secured Lending (RESL) is responsible for providing independent risk oversight for a Retail Credit Portfolio of Residential & Home Equity products. The position is accountable for credit policy guidance and approval for material changes and new products, monitoring and communicating credit quality with business leaders and Regulators both in the US and Canada.
Will provide oversight of credit quality performance and manage a team of credit specialists aligned to the portfolio. The role will lead the development of underwriting policies and procedures to be implemented in the line of business, negotiates policy changes with business lines from a credit perspective and ensures acceptable product parameters, credit policies and processes are implemented and maintained. The role will also perform portfolio due diligence to evaluate risk for potential acquisitions for the related portfolio.
Manages team of Retail Credit Risk Analysts providing leadership direction, setting goals, evaluating results and ensuring goals are attained
Provides in-depth insight and analysis to evaluate portfolio to maintain acceptable overall risk levels; Identifies risks and develops mitigation plans; Analyzes portfolio based on debt to income, loan to value, credit scores and a variety of other credit variables
Leads the communication of large retail loan portfolio behavior and asset quality with senior most leaders and to enterprise level committees, forums, and councils in US and Canada
Acts as primary contact with multiple Regulatory bodies in US and Canada for day to day inquires and is in-charge of administering all Retail Lending related exams including: Organizing kickoff meetings, compiling documentation requests, fielding questions, leading exam responses and tracking MRAs, recommendations, and observations though final closure
Leads the development of underwriting policies and procedures to be implemented in the line of business, providing safeguards while allowing the Company to compete in the market; Negotiates policy changes with business lines from a credit perspective and ensures acceptable product parameters, credit policies, investor requirements and credit processes are implemented and maintained; Coordinates closely with business line management to ensure products meet market needs and generate acceptable risk-adjusted returns and that credit processes are functioning effectively
Resolves escalated issues and problems by conferring with senior management, staff in other
internal departments, outside contacts and others as necessary
Oversees the retail credit portfolio analysis in support of financial, regulatory and risk management requirements
Participates in and supports several decision-making committees for the retail credit and portfolio management approaches
Exercises independent judgment by displaying and reaching conclusions on the most complex portfolio issues as well as assumes accountability for high quality recommendations regarding the credit portfolio
Quantifies and analyzes risk exposure characteristics for Residential Real Estate portfolios
Prepares and delivers management reporting necessary to ensure accurate and thorough measurement of risk factors present in Residential Real Estate products
Provides consumer portfolio due diligence to evaluate risk for potential acquisitions; Reviews credit files of target company and evaluates associated risks in portfolio; Makes recommendations to senior management based on evaluation
Researches and recommends standards for internal/external systems used to calculate and measure risk exposures
Recommends credit policy and underwriting standard modifications where warranted; Measures and monitors the organization's credit risk exposure and provides guidance in portfolio review and strategy
Must be eligible for employment under regulatory standards applicable to the position.
Graduate Degree or equivalent experience
10+ Years of related experience
Full understanding of the Residential Real Estate business and associated risks including GSE programs and requirements
Solid experience and understanding of Residential Real Estate Canadian and US Banking regulations, policies, and processes including CDN B20 requirements
Expert knowledge of portfolio analysis and reporting required with demonstrated ability to assess portfolio risk and develop effective recommendations for risk mitigation
Significant experience required in Credit Risk Management and credit policy development and approvals
Track record in managing multiple Audit and Regulatory issues to timely closure
Strong quantitative mathematical and statistical skills to determine sound, defensible approaches to forecasts and analyses
Excellent written and verbal communication skills with ability to present complex information clearly and comprehensively
Experience in change management related to the adoption of new business processes
Proven experience in organizing and presenting credit portfolio results and allowance requirements to Senior Management Committees, External Analysts, Auditors, Regulators, and Board of Directors
Industry analysis and presentation experience
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.