Director, Head of Flow Asset-Backed Securities

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

TD Securities

Pay Detail:

$300,000 - $300,000 USD

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  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:

Lead the Flow ABS team focusing on securitization of receivables backed by auto loans, credit cards, equipment, deferred payment plans and similar assets. In addition, oversee issuers of consumer finance ABS, including secured/unsecured consumer loans, Buy Now Pay Later (BNPL), and other Fintech assets. Drive origination, structuring execution of term ABS transactions to optimize funding for clients.

The Director contributes to the profitability of the ABS business, while maintaining and enhancing the Bank's profile and market share.

Key Responsibilities:

* Manage end-to-end origination and execution of Flow ABS transactions, ensuring compliance with regulatory standards and market conditions.

* Build and maintain relationships with originators, investors, rating agencies and internal stakeholders

* Analyze market trends, pricing, and credit risks to form transaction strategies for ABS Issuers.

* Lead a team of professionals, providing guidance on deal structuring, documentation, due diligence etc.

* Advise and execute transactions for TD's Treasury team to support its ABS Funding platforms.

* Collaborate with cross-functional teams (e.g., legal, risk, sales, and trading) to execute transactions efficiently.

Depth & Scope:

* Liaises closely with the bank's other operations in Canada and the U.S. to assist in meeting the banks objectives.

* Strict adherence personally and at a desk level to the firm's procedures

* Understands and complies with TD Policies, regulatory and compliance requirements

* Ensures that transactions are fully documented and processed accurately and in a timely manner

* Strong communicator of bank, policy information and strategy between the product head and relevant personnel

* Fully informed on market data, economic information and key industry developments as well as regulatory standards at all times to assist in maximizing profitability

* Develops and maintains contacts with market participants

* Responsible for being aware of and understanding the approved Business Strategies (Strategic Business Reviews S 's), applicable to the business

* Responsible for ensuring your Functional and Local Manager(s) are kept current and apprised of all relevant operational, risk management and control issues

* Responsible for escalating any operational issues to all of your managers, as appropriate

* Responsible for ensuring the Functional and Local Manager(s) are kept apprised of the business strategy

* Ensures that the expectations of Functional and Local manager(s) are met, where conflicts or issues arise, ensures that they are escalated to all managers and resolved in a timely manner

Education & Experience:

* Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.

* Series 7 and 63

* 7-10 years related experience

Preferred Qualifications:

* 10-15 years of direct experience in origination and execution of term ABS transactions, with expertise and existing client relationships in Flow ABS and consumer finance assets.

* Strong knowledge and experience with securitization markets

* Proven track record in transaction structuring, credit analysis, and investor relations.

* Excellent leadership, communication, and negotiation skills; familiarity with rating agency requirements

Physical Requirements:

Never: 0%;
Occasional: 1-33%;
Frequent: 34-66%;
Continuou…