Associate - Network Management

Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
TD Securities

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.

Job Description:

TD Securities ("TDS") is a market leader in Global Transaction Banking ("GTB"), providing payments, liquidity, and working capital solutions across five product families and four client segments.
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Product Families:
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Client Segments:
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• Payments
• Receivables
• Deposit & Liquidity Solutions
• Trade & Working Capital Solutions
• Digital, Data, and Analytics
• Corporates
• Financial Institutions
• Non-Bank Financial Institutions
• Public Sector

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GTB serves TDS clients, who are the largest and most sophisticated within the bank and possess a comprehensive and complex set of business needs. Transaction Banking is a technology-powered product set that is deeply ingrained into the financial and operating systems of clients.
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GTB partners closely with other TDS groups across Corporate & Investment Banking as well as Global Markets, serving all industry coverage areas.
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The Network Management team is accountable for correspondent accounts (Nostros) and relationships on behalf of the Toronto-Dominion Bank Group ("TD"). These accounts and relationships provide critically important foreign currency payment services to the entire TD franchise, including but not limited to wholesale and treasury payments, Continuous Linked Settlements ("CLS"), commercial payments, foreign drafts and cash letters. Working with correspondent banks from across the world and stakeholders across TD, Network Management enables TD to transact foreign currencies and execute its global strategy.
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Job Description/Accountabilities
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The role involves maintaining and optimizing nostro accounts, ensuring operational efficiency, managing counterparty risk, and supporting strategic initiatives to enhance TD's correspondent network. The Associate will work closely with internal stakeholders and external counterparties to ensure seamless cross-border payments, treasury settlements and liquidity management.
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Accountabilities include but are not limited to:
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• Support the day-to-day management of nostro accounts, including account openings, closures, and maintenance.
• Act as a key liaison between internal business units and external banking partners, addressing inquiries and service-related issues or disruptions, ensuring effective communication with impacted teams.
• Assist in negotiating and reviewing service agreements, fee structures, and performance benchmarks with counterparties.
• Monitor the financial health and operational performance of correspondents, escalating concerns as needed.
• Ensure adherence to internal policies, regulatory requirements, and industry standards in network management activities.
• Assist in the gathering of AML/KYC requirements related to correspondent relationships.
• Identify opportunities to optimize cost efficiency and service quality.
• Support projects related to account rationalization, infrastructure enhancements, and technology adoption.
• Prepare reports and presentations on network performance, fee analysis, and market trends for senior management.
• Provide insights on market developments, regulatory changes, and industry best practices.
• Other duties as assigned.

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Skills, Experience and Qualifications
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• University degree in Finance, Business, Economics, or a related field
• 5+ years relevant industry experience in wholesale banking, treasury operations or correspondent banking.
• Familiarity with SWIFT, cross-border payments, and treasury/securities settlement.
• High proficiency in MS Office (Advanced PowerPoint, Excel, Word, Visio).
• Strong quantitative and qualitative business research and analysis skills with high attention to detail.
• Strong written and oral communications skills.
• Strong analytical and problem-solving skills with high aptitude for creative thinking.
• Strong organizational skills with the ability to work in a fast-paced environment and manage multiple deadlines and priorities.
• Ability to instinctively engage others to achieve positive business outcomes and make things happen with positive influence.
• Strong desire to learn and ability to adapt to a fast-paced changing work environment.

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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 help clients meet their needs today and prepare for tomorrow. 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. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.

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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.

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