Managing Sr Credit Officer (US)

Work Location:

Hours:

Pay Details:

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.

Line of Business:

Job Description:

The Managing Senior Credit Officer oversees and manages commercial credit activities for a team of Credit Officers ensuring consistency with organizational policy and commercial credit laws for a specified region/specialty group. Oversees reviews of existing portfolio credits, manages and recommends credit policies and procedures and monitors the organization's credit risk exposure and provides guidance in portfolio review and strategy.

Depth & Scope:

• Exercises joint approval authority as delegated and in accordance with Credit Policy
• Oversees Commercial Credit Activities that are advanced in complexity, multi-faceted and diverse
• Provides leadership, support and guidance to the Credit Team and assists with more complex deals, including meeting with customers
• Participates on several decision-making committees for commercial credit and portfolio management
• Acts in an advisory and referral role to other Credit Officers, RVPs, Lenders, Portfolio Managers and Analysts in matters of compliance, regulation and policy. Uses experts as needed
• Recommends changes in underwriting and policies, including industry reviews
• Oversees criticized asset and portfolio review meetings
• Confirms the final risk ratings including Borrower Risk Rating (BRR), Facility Risk Rating (FRR), and Industry Risk Rating (IRR)
• Protects the assets of the bank through the proper execution and administration of operational and risk management policies and procedures
• Performs a leadership role in approving and reviewing credits that exceed subordinated Credit Officers authority as appropriate
• Exercises independent judgment by displaying and reaching conclusions on the most complex credit decisions as well as assumes accountability for quality approval decisions and the overall quality of the group/regions loan portfolio
• Reviews and endorses recommendations from Market Presidents for limits and adjustments to the Loan Officer authorities as appropriate
• Handles post approval sign off on risk ratings within assigned portfolio, above an agreed threshold, for credits approved by Lenders
• Exercises authority regarding personnel actions including staffing, performance appraisals, promotions, salary recommendations and terminations
• Resolves escalated issues and problems by conferring with senior management, staff, other internal departments, outside contacts, and Customers as necessary
• Provides technical guidance and assists staff with most complex aspects of work as necessary
• Reinforces the organizations Credit Culture and Professional Development
• Interacts with Asset Recovery Group, outside counsel and subject matter experts as appropriate

Education & Experience:

• Bachelors degree or progressive work experience in addition to experience below
• 10+ years related experience required
• Demonstrated knowledge of credit policies and procedures
• Experience in structuring and documenting credits as well as accountability for quality loan portfolios
• Proven track record of developing and managing commercial loan credit and services in a high-growth environment
• Demonstrated experience supervising/mentoring credit staff
• Proven leadership abilities, and organizational and time-management skills
• Proven analytical, verbal, writing and interpersonal skills
• Proficient in Microsoft Office products

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 strive to make every interaction, product, and experience remarkably human and refreshingly simple for 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 foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

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. Learn more

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.
Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

TD Bank is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at [email protected].  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.