Work Location:
Toronto, Ontario, CanadaHours:
37.5Line of Business:
TD SecuritiesPay Details:
$59,500 - $84,000 CADTD 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.
Job Description:
Department Overview:
Global Trade Finance Operations International processing hub is located in Montreal with spoke locations in Vancouver, Calgary, Toronto, Houston and Singapore. We are a team of over 60 experienced professionals who offer a full range of trade products and are dedicated to providing world class service to our customers located all over the globe.
Job Description
The Analyst is part of a team of 15, reporting to the Group Manager Loans & Settlements. The individual will be responsible for the handling of credit, supply chain and trade loans administration and Trade Finance settlements.
Job Accountabilities
Subject matter expert for the administration of the Trade loans portfolio of over $3 billion, for foreign borrowers, Export Credit Agency (ECA) insured loans, syndicated loans, and any other Trade finance structured financing.
Manage the end-to-end process of the Supply Chain and Letter of Credit portfolio.
Reconcile the Supply Chain payments received with the payment report from the agent and the outstanding loan balance in LoanlQ.
Create deals, facilities, and process/release transactions in LoanIQ for ECA, Supply Chain and Letter of Credit portfolios.
Provides consultation to stakeholders in the structuring of Trade loans.
Manage credit limits.
Review, verify, validate, and ensure all required documentation and approvals are in place prior to approving and executing credit requests, loan funding and/or other payment related functions.
Review and ensure documentation such as loan summary, loan agreement, Cairo, Documentary Letters of Credit & Collections' terms, and conditions, etc. are read and understood before processing and/or releasing any transaction.
Execute, review, and approve transactions and ensure all payments and fees, receivables and cash flows are properly settled.
Process, verify and validate work of team members.
Prioritize and manage own workload and that of the team to complete and deliver transaction processing or other processing activities accurately and timely as per the business Service Level Agreement.
Support the team by continuously developing knowledge and participate fully in promoting team effectiveness and positive work environment.
Ensure due diligence is complete prior to release of all settlement transactions: AML scrubs, discrepancies of any kind, beneficiaries, foreign bank SWIFT notifications
Follow firm and industry regulations and operating practices in completing and recording transactions including AML Enhanced Due Diligence and Anti-Boycott Procedures.
Deliver efficient, legendary customer service by:
Managing client and bank correspondence while developing and maintaining working relationships with internal/external partners
Having oversight of escalated customer issues with prompt attention to communication geared to key stakeholders.
Adhering to TD compliance and operating standards – focus on transactional validation and team workflow
Settlement transactions validated against UCP & URC Rules
Internal service delivery standards and exceptions to meet customer deadlines
Complete investigations and escalate nonstandard, high-risk transactions or other activities as appropriate.
Escalate customer/processing issues and gaps where necessary to ensure legendary service is maintained.
Execute processing responsibilities involving one or more of the following:
Transactions or activities with a lack of market standards or practices.
Non-standard processing environment.
Multiple step transactions.
Several systems or applications.
A combination of manual and automated environments.
Multiple jurisdictions (currencies, time zones).
Execute on all daily, weekly, monthly, and quarterly reports to internal and external partners.
Execute on ad-hoc and other requests.
Identify areas of improvement; recommend, lead, implement and monitors the achievement of process enhancements to reduce redundancy.
Job Requirements
3 years' experience in a credit environment.
Certified Documentary Credit Specialist (CDCS) accreditation is an asset.
Bachelor's degree in finance, International Business, or other related discipline an asset.
Highly organized and have ability to work within stringent deadlines.
Position requires strict attention to accuracy, details and timelines.
Possesses strong analytical and problem solving skills and sound judgment.
Possesses experience in loan administration and non-negotiable documentation.
Be flexible to handle change, innovative, proactive, self-starter.
Excellent communication skills (oral and written), and ability to interact with Senior Management.
Knowledge of Microsoft Office Suite required.
Knowledge of URR725, UCP600, URC522 are an asset.
Knowledge of Trade 360 system and Loan IQ are an asset.
Spoken and written knowledge of French language is an asset.
Who We Are:
TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank.
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 a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. 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.
Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.
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
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you!
Language Requirement (Quebec only):
Sans Objet