Summer Internship Program - Commercial Banking

Commercial Banking Intern

This role supports their Line of Business in the development and execution of work projects to support the Business' goals & objectives. The Summer Intern embodies TD's Shared Commitments and customer-focused culture.

Commercial Banking TD Commercial Banking helps commercial customers manage their funds, finance their growth, and invest for the future by taking the time to understand their goals and customize products and services to suit their needs. This includes everything from governments, institutions and businesses, ranging from small "mom and pop" stores to multi-billion-dollar corporations.

This Commercial Banking Intern functions as a Credit Management Intern and is responsible for conducting in-depth industry and financial analysis of existing and potential borrowers. This job works cooperatively to support the Lending and Credit functions of the Bank.

Responsibilities:

• Responsible for financial analysis of moderately complex loans/industries/Customers
• Works more independently but under the guidance and review of lead staff
• Good understanding of loan risk factors
• Researches industry specific information from outside sources, which may include conversation with Borrowers, industry publications, area libraries, references from other banks, credit agencies, as well as accessing information through the Internet
• Participates in Customer meetings and make direct inquiry for specific Customer information based on prior research, experience and knowledge (may require travel at times)
• Integral part of loan origination process. Responsible for performing underwriting analysis of Borrower's character, credit worthiness and financial condition
• Supports the lending function by providing analytical support
• Prepares insightful and timely approval memorandums for presentation to appropriate lending and credit authorities
• Thoroughly analyzes financial statements, management profiles, business and product cycles, cash flow ability, collateral, agings, etc. of future and existing Customers to identify trends, measure performance, assess financial strength and develop an assessment of credit risk
• May prepare complete written analysis with appropriate recommendations for approval, denial and alternative structure when necessary
• May maintain credit files, monitor data such as updated financial statements and prepare updated analysis memos
• Monitors compliance with regulatory requirements
• Provides written analysis that identifies any deviations from the Company Commercial Loan Policy and becomes familiar with alternative structures in order to reduce credit risk
• Achieves operational performance standards in quality and timeliness

Commercial Banking is offering in-person internship opportunities in Boston, MA. Interns will be required to be in-office 4 days a week.

Depth & Scope: TD Bank U.S. Summer Internship Experience TD Bank U.S. offers an Internship Program with an unparalleled experience – where you'll gain valuable insight into our vision to Build The Better Bank, while also strengthening the core skills and knowledge you'll need to launch a successful career. Our 10-week, non-rotational program consists of:

• A fun-filled, high-energy introduction to TD Bank U.S.
• A variety of professional experiences and development training
• Extensive networking opportunities and interactions with senior leaders
• A dedicated support network, including a formal peer-mentoring program
• An active role in community service projects
• Opportunity to join our rotational analyst program upon graduation and participate in our 6 Week Innovation Challenge, VR experience and variety of learning & development opportunities.

Education & Experience:

• Pursuing post secondary degree in business-related disciplines
• Knowledge of Microsoft tools (Outlook, Teams, Word, PowerPoint, Excel)
• Excellent interpersonal skills, problem solving and analytical skills
• Ability to take initiative and accountability of your actions
• Demonstrated leadership qualities
• Strong written and oral communications skills
• Detail oriented with an ability to handle multiple tasks
• Ability to work independently and collaboratively
• You must be work authorized in the United States…