Our programs

Investment Banking Analyst

TD Securities Investment Banking is one of the leading Investment Banking franchises in Canada. Our team of more than 200 professionals provides corporate and government clients with capital markets and financial advisory services worldwide. We meet our client’s needs every day by providing them with sophisticated knowledge of capital markets and precise execution capabilities.

This exciting opportunity will expose you to a wide variety of clients, industries, financial services and products. You will work on various integrated teams comprised of capital markets, corporate finance and mergers and acquisitions professionals that will provide you with the necessary skills to succeed in Investment Banking. At TD Securities, we believe that diversity is key to our success in the competitive global marketplaces and we embrace people with a wide range of unique experiences and abilities.

Your Career as an Investment Banking Analyst

• You will be assigned to an industry group or to mergers and acquisitions or to equity capital markets;
• You will work under the overall direction of a senior officer in a group of experienced professionals as they generate ideas, advise clients and execute transactions
• You will have the opportunity to rotate through one or more different industry and product groups
• The anticipated duration of this role is two or three years after which time you are expected to return to graduate school.

How You Will Contribute

• Research and analyze clients’ financial situations, industry and market data, and mergers and acquisition opportunities;
• Develop valuation models of individual private and public companies as well as merged entities;
• Apply valuation tools to assess opportunities;
• Value private and public companies;
• Assist with client negotiations and documentation;
• Prepare external client proposals and internal underwriting memos;
• Prepare client presentations based upon the above.

Qualifications

• Undergraduate degree in Business, Finance, or Math discipline and a demonstrated record of achievement
• Have a combination of strong financial/analytical skills, excellent communication abilities and be adept at financial modeling and valuation; and,
• Ability to work effectively in a team environment.

Your Summer as an Investment Banking Analyst

As an Investment Banking Analyst you will be assigned to one industry group or product team during the 4 month period. You will work under the overall direction of a senior officer in a group of experienced professionals as they generate ideas, advise clients and execute transactions. We welcome you to discuss your industry interests during the interview and/or application process. We aim to identify top performers and extend conversion offers at the end of the summer term for a start date the following August or aligned with degree completion.

Investment Banking Associate

TD Securities Investment Banking is one of the leading Investment Banking franchises in Canada. Our team of more than 200 professionals provide corporate and government clients with capital markets and financial advisory services worldwide. We meet our client’s needs every day by providing them with sophisticated knowledge of capital markets and precise execution capabilities.

This exciting opportunity will expose you to a wide variety of clients, industries, financial services and products. You will work on various integrated teams comprised of capital markets, corporate finance and mergers and acquisitions professionals that will provide you with the necessary skills to succeed in Investment Banking. At TD Securities, we believe that diversity is key to our success in the competitive global marketplace and we embrace people with a wide range of unique experiences and abilities.

Your Career as an Investment Banking Associate

• You will be assigned to an industry group or to mergers and acquisitions;
• You will work under the overall direction of a senior officer in a group of experienced professionals as they generate ideas, advise clients and execute transactions;
• You will have the opportunity to rotate through one or more different industry and product groups

How You Will Contribute

• Research and analyze clients’ financial situations, industry and market data, identify, research and analyze merger and acquisition opportunities
• Develop valuation models of individual private and public companies, as well as merged entities
• Assist with client negotiations and documentation
• Prepare external client proposals and internal underwriting memos
• Prepare and contribute to the delivery of client presentations
• Aid senior team members with idea generation
• Manage and review the work of analysts
• Develop internal relationships in order to leverage products and services provided by TD

Qualifications

• MBA and work experience. (Prior work experience in finance is preferred, not required)
• Have a combination of strong financial/analytical skills, excellent communications abilities and be adept at financial modeling and valuation
• Ability to work effectively in a team environment

Your Summer as an Investment Banking Associate

As an Investment Banking Associate you will be assigned to one industry group or product team during the 4 month period. You will work under the overall direction of a senior officer in a group of experienced professionals as they generate ideas, advise clients and execute transactions. We welcome you to discuss your industry interests during the interview and/or application process. We aim to identify top performers and extend conversion offers at the end of the summer term for a start date the following August or aligned with degree completion.

Global Counterparty Credit Associate

The Global Counterparty Credit group is responsible for implementing and ensuring compliance with credit policies established by the Bank for the management of derivative credit exposures. Through strategic, tactical and risk-oriented teams of professionals, Global Counterparty Credit delivers the highest quality service and expertise to its stakeholders.

Your Career as a Global Counterparty Credit Associate

The Counterparty Credit Associate is part of our team of in-house credit professionals that works closely with the organization’s Sales and Trading team. The Counterparty Credit Associate will gain experience across a wide variety of Financial Institution, Corporate, Institutional and Sovereign clients. The Counterparty Credit team is involved with the origination process for the trading business and is responsible for the credit analysis and recommendation of credit/derivative facilities enabling the various trading businesses/desks to transact with counterparties, as well as ad-hoc reporting and monitoring of the credit risk profile of TD Securities’ clients that are users of a wide variety of capital market trading products including:

• Derivatives (foreign exchange, interest rate, commodity, equity and credit derivatives)
• Financing products (securities/equities borrowing and lending, and repurchase transactions)
• Money market and fixed income securities (commercial paper, bonds and asset-backed securities)

How You Will Contribute

• Prepare and recommend high quality credit submissions relating to new business proposals, interim and annual reviews
• Conduct appropriate market, industry and client credit analysis with clearly articulated recommendations on credit decisions and appropriate borrow risk ratings
• Work closely with other product groups, including TDS Sales and Trading, TD Securities Cash Management, TDS Trade Finance and other business areas of TD to ensure that credit needs are being met
• Ongoing monitoring of Counterparty performance and credit exposures, including compliance with authorized credit limits and terms, as well as reporting requirements
• Identify potential problems requiring attention and recommend appropriate actions to best manage the risks in deteriorating credit situations
• Contribute to a strong team credit culture by raising issues on credit, reputational and operational risks
• Provide a high level of client service; develop the client relationship by identifying cross-sell opportunities and coordinating marketing efforts with other business / product groups
• Ensure that credit arrangements adequately balance the risk and return

Qualifications

• Graduate degree in Business, Finance, or Math discipline and a demonstrated record of achievement
• Enrolment in CFA program is an asset
• Solid understanding of capital markets and treasury/derivative products as well as the inherent market and credit risks
• Strong financial analysis and risk assessment skills
• Strong oral and written communication skills
• Familiarity with legal documentation including ISDAs, repurchase agreements and loan agreements would be an asset
• Strong PC skills (credit processing, Moody’s Financial Analyst, Microsoft Word, Excel)

Your Summer as a Global Counterparty Credit Associate

TD Securities provides recruits with as much exposure as possible to a wide variety of client group during the 4 month period. We aim to identify top performers and extend conversion offers at the end of the summer term for a start date the following August or aligned with degree completion.

Global Counterparty Credit Analyst

The Global Counterparty Credit group is responsible for implementing and ensuring compliance with credit policies established by the Bank for the management of derivative credit exposures. Through strategic, tactical and risk-oriented teams of professionals, Global Cthounterparty Credit delivers the highest quality service and expertise to its stakeholders.

Your Career as a Global Counterparty Credit Analyst

The Counterparty Credit Analyst is part of our team of in-house credit professionals that works closely with the organization’s Sales and Trading team. The Counterparty Credit Analyst will gain experience across a wide variety of Financial Institution, Corporate, Institutional and Sovereign clients. The Counterparty Credit team is involved with the origination process for the trading business and is responsible for the credit analysis and recommendation of credit/derivative facilities enabling the various trading businesses/desks to transact with counterparties, as well as ad hoc reporting and monitoring of the credit risk profile of TD Securities’ clients that are users of a wide variety of capital market trading products including:

• Derivatives (foreign exchange, interest rate, commodity, equity and credit derivatives)
• Financing products (securities / equities borrowing and lending, and repurchase transactions)
• Money market and fixed income securities (commercial paper, bonds and asset-backed securities)

How You Will Contribute

• Assist in the preparation and recommendation of high quality credit submissions for new business proposals, interim and annual reviews.
• Conduct appropriate market, industry and client credit analysis with clearly articulated recommendations on credit decisions and appropriate borrower risk ratings.
• Work closely with other product groups, including TDS Sales and Trading, TDS Cash Management, TDS Trade Finance and other business areas of TD to ensure that credit needs are being met
• Ongoing monitoring of Counterparty performance and credit exposures, including compliance with authorized credit limits and terms, as well as reporting requirements
• Identify potential problems requiring attention and recommend appropriate actions to best manage the risks in deteriorating credit situations
• Contribute to a strong team credit culture by raising issues on credit, reputational and operational risks
• Provide a high level of client service; develop the client relationship by identifying cross-sell opportunities and coordinating marketing efforts with other business / product groups
• Ensure that credit arrangements adequately balance the risk and return

Qualifications

• Undergraduate degree in Business, Finance, or Math discipline and a demonstrated record of achievement
• Enrollment in CFA program is an asset
• Solid understanding of capital markets and treasury/derivative products as well as the inherent market and credit risks
• Strong financial analysis and risk assessment skills
• Strong oral and written communication skills
• Well-organized, and can prioritize multiple tasks and deliver results in a fast-paced environment.
• Ability to be effective in both a team and independent working environment
• Familiarity with legal documentation including ISDAs, repurchase agreements and loan agreements would be an asset
• Strong PC skills (credit processing, Moody’s Financial Analyst, Microsoft Word, Excel)

Sales & Trading Associate

TD Securities is one of Canada’s most active dealers in Debt and Equity products. Our Sales and Trading business deals on a daily basis with institutional investors, corporations and governments worldwide in the trading and sale of outstanding and new issue products.

TD Securities’ product specialization is made stronger by its integrated approach and client focus. Teams of product specialists operating in Foreign Exchange, Fixed Income, Derivatives, Asset Securitization, Government and Corporate Debt and Equities often work across product lines in structuring and executing customized client solutions.

The Sales and Trading teams at TD Securities are key to the overall success of our Wholesale Banking operation. Our salespeople are recognized leaders who display professionalism and integrity. They understand their clients’ portfolios and trading styles. Additionally, our trading teams have built a strong reputation for quality by providing profitable trading ideas and effective, timely execution.

At TD Securities, we believe that diversity is the key to our success in the competitive global marketplaces and we embrace people with a wide range or unique experiences and abilities.

Your Career as a Sales & Trading Associate

• Influenced by our own approach of looking for client solutions across products, industries, and even geographic lines, TD Securities provides recruits with as much exposure as possible to a wide variety of sales and trading functions and products
• Broad exposure is an important objective and rotations are determined to meet the needs of our departments and your individual interests and talents
• The Associate program is a 12-24 month on-the-job training program covering the sales and trading of our products
• Rotations during the program include but are not limited to the following sales and trading desks: Foreign Exchange, Money Market, Derivatives, Fixed Income, Equities, and Debt Capital Markets

How You Will Contribute

• Complete complex financial transactions in a fast paced business environment where products and services are highly competitive
• Work as part of a team to maximize business opportunities and provide financial solutions to our commercial, corporate and institutional client base
• Ensure your team achieves its objectives by foreseeing client needs and developing an unparalleled level of service with confidence

Qualifications

• Graduate or undergraduate degree in Business, Finance, or Math discipline and a demonstrated record of achievement
• A strong orientation for business, finance, mathematics and quantitative analysis.
• Demonstrated strong interest and overall passion for the financial markets
• Excellent communication and interpersonal skills; strong personal confidence and fortitude in an open working environment; an ability to project and defend a view
• Industry experience and courses are highly desirable

Your Summer as a Sales & Trading Associate

TD Securities provides recruits with as much exposure as possible to a wide variety of sales and trading functions and products. The Sales & Trading Associate will receive 4 months of on-the-job training on a specific desk. We welcome you to discuss your interest during the interview and/or application process. We aim to identify top performers and extend conversion offers at the end of the summer term for a start date the following August or aligned with degree completion.

Operations Leadership Associate Program

TD Operations provides critical infrastructure services supporting the trading, investment and corporate banking functions of TD Securities. The associate program allows the candidate a wide exposure to different areas of Operations and related groups.

The Operations Leadership Associate program is a 2 year rotational program consisting of three 8-month rotations leading to a full-time role within Operations.

Each of the three rotations has a distinct theme and focuses on building specialized skills, as per below. Responsibilities in each rotation will include:

1st Rotation: Operational Knowledge

• Complete transaction processing or other processing activities
• Process transactions accurately and on time
• Escalate processing issues where necessary to ensure a high level of service is maintained
• Serve clients as required – adhere to Service Level Agreements and internal service delivery standards. Identify opportunities to improve service delivery, support process improvement initiatives
• Prioritize and manage own workload to meet SLA requirements for service and productivity
• Follow firm and industry regulations and operating practices in completing and recording transactions for either the firm, or clients
• Escalate non-standard or high risk transactions or other activities as appropriate
• Ensure documentation prepared / completed is accurate and properly reflects client / business intentions and is consistent with relevant rules / regulations
• Complete investigations – report / escalate risk issues identified or process gaps
• Identify opportunities to improve service delivery
• Assist in analysis, development, testing and implementation of operating and process improvements Assist in analysis, development, testing and implementation of operating and process improvements

2nd Rotation: Innovation, Process Improvement & Projects

• Act as a specialist owner or representative in the discipline
• Lead / participate in the identification, development and implementation of new products, operating workflow, additional services/applications or operational efficiencies for TD Operations
• Identify, document, investigate and resolve service delivery issues
• Manage relationships with the client, and other areas of TDS
• Act as a project manager for small-scale projects/initiatives
• Initiate or participate in projects – follow project management methodologies, communicate project status and provide timely escalation of issues to senior management to ensure project objectives are met
• Interface with regulators, external groups (legal firms, accountants etc.), suppliers on operating and service delivery issues relative to the specific area of functional expertise as authorized by the manager
• Escalate non-standard or high risk transactions or other activities as appropriate.
• Acquire and apply expertise in the discipline, provide guidance, assistance and direction to others in TD Securities
• Identify, recommend and effectively execute standard practices applicable to the discipline. Analyze service delivery issues and identify potential solutions that enhance the customer experience and support TD Securities business objectives

3rd Rotation: Leadership

• Coach and develop employees – ensure performance management activities are undertaken and completed for all employees
• Provides management with analysis of key process drivers, root causes, and provides recommendations for improvements
• Lead a team in delivering service or transaction processing consistent with TD Operations business objectives
• Monitor service delivery against standards; implement action to ensure service deliverables are achieved consistently. Monitor service delivery against standards; implement action to ensure service deliverables are achieved consistently
• Apply knowledge of TDS systems, processes and regulations in resolving escalated client issues – ensure communication with key stakeholders elsewhere in TDS
• Develop and maintain working relationships with internal partners for the purposes of delivering optimal customer service
• Adhere to operating standards and processes – check and validate work of team members. Monitor service, productivity and efficiency levels within own function; assess and propose process improvement opportunities
• Monitor service, productivity and efficiency levels within own function; assess and propose process improvement opportunities
• Ensure that employees are aware of the impact of their work on the activities of others outside of their function/unit
• Coordinate the sharing of information, skills, and knowledge among team members
• Promote a fair and equitable environment that supports a diverse workforce and encourages the team to achieve common goals and objectives
• Facilitate change through positive reinforcement of milestones and successes – escalating key issues to more senior management as necessary

Qualifications

• Business or related undergraduate degree and a demonstrated record of achievement
• Strong conceptual, analytical and problem solving skills; can see the “big picture” in a complex environment
• Excellent verbal communication (both one-on-one and in small groups) and written communication skills
• Ability to develop good business relationships with customers, business partners and stakeholders
• The candidate should be a self-starter and team player who wants to work in a dynamic environment with other great people
• Advanced Excel skills are an asset
• Well-organized, and can prioritize multiple tasks and deliver results in a fast-paced environment
• Self-motivated, well organized and positive attitude
• Ability to be effective in both a team and independent working environment

Your Summer as an Operations Leadership Associate

This 4 month summer term will provide you exposure to various industries, products and client groups in the interesting and dynamic world of capital markets and international banking. You will be part of a team with targeted deliverables, working on initiatives designed to improve processes within the TD Securities Operations Group. We aim to identify top performers and extend conversion offers at the end of the summer term for a start date the following August or aligned with degree completion.