Head of Commercial Examinations, Loan Review
Work Location:
Mount Laurel, New Jersey, United States of America
Hours:
40
Pay Details:
$200,000 - $280,000 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 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.
Line of Business:
Risk Management
Job Description:
The Head of US Commercial Examinations and Loan Reviews leads the Commercial Examinations function within the Loan Review Division and is responsible for executing the Examination plan to conduct scheduled examinations throughout the plan year and includes planning, sampling, fieldwork, and reporting.
This role is responsible for providing proven, specialized, in-depth loan review expertise and credit/risk policy, process and procedure guidance to the Loan Review Examination team. This role requires well developed oral and written communication skills, the ability to influence and negotiate, manage complex and problematic processes, and make informed and well supported decisions that directly impact the credit risk profile of the bank.
The Head of Commercial Examinations provides support to the Head of Loan Review. This role is responsible for managing processes and teams that provide independent assessments of Credit Portfolio Quality, Underwriting, Monitoring, Risk Rating, and Portfolio Management practices as well as Key Issues and other aspects of credit risk management.
The span and type of activities is risk-based, covers all Commercial lending, and directly influences asset quality, administrative processes, compliance with internal policies and guidelines, as well as adherence to prudent, safe, and sound banking practices as defined by laws, regulations and other regulatory expectations.
This role manages and provides guidance to a team of Loan Review professionals, manages resources and establishes programs to ensure best practices and the continued growth of Loan Review consistent with the bank's risk appetite, expansion plans and maintenance of a strong risk management culture. This role is a member of the leadership team that determines objectives and strategy for the Division and reports to the Head of Loan Review.
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Depth & Scope:
Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
• Reports to and proactively advises the Head of Loan Review on a wide-variety of credit related matters Ensures effective and efficient use of the TD Bank Loan Review Policy. Acts as a final authority on all matters related to assigning risk ratings
• Regularly meets with senior TDNA executives to review credit related performance matters and opportunities. Identifies matters requiring attention and recommends remedial activities
• Oversees the processes and teams responsible for preparation of Commercial Loan Review Examination Reports and special projects
• Possesses broad background and understanding of a wide spectrum and interrelationship of bank departments and processes
• Oversees interaction with lending department credit risk officers, providing performance information, general feedback and observations while identifying areas requiring particular attention or training Oversees the supervision and training provided to Commercial Loan Review employees. Counsels and coaches staff to develop and support employees
• Collaborates with various risk management and line of business committees. Provides knowledgeable insight, advice and counsel • Routinely modifies methods and procedures as needed, applying process expertise and knowledge of department functions to address exceptional issues and support work of others
• Coordinates Commercial Loan Review examination activities. Approves scope and priorities as well as areas of particular focus or attention. Reviews criteria for selection of files for review processes, noting significant underwriting trends and recommending policy changes.
• Reviews various departmental policies and procedures for consistency and compliance with Company policy. Acts as a key liaison with regulatory agencies and audit groups regarding Loan Review activities and more broadly, credit related matters of interest or concern
• Contributes to the Risk Management Team by sharing knowledge and expertise and contributing to sound decisions Directs the review of all types of Commercial loans and commitments for the purposes of verifying the accuracy of loan ratings, changing ratings and classifying loans as necessary, determining the degree of attention required, identifying potential credit problems, identifying documentation deficiencies and ensuring conformity with Company policy and government regulations
• Provides reports on potential early warning signs on the Commercial portfolios and US Wholesale portfolio.
• Participates in special projects, including due diligence activities for the acquisition of loan portfolio assets
• Supervises work teams to achieve Loan Review planned timelines
• Leads the department to most efficiently and effectively use technological and human capital resources Builds strong ties with other Risk Management teams. Coordinates the Department Plan and process with other Risk Management Groups to avoid redundancy and improve efficiency
• Communicates with audit and security staff as needed regarding suspected fraudulent loans or practices
Education & Experience:
• 4 Year undergraduate degree required
Advanced degree preferred
• 15+ years total related experience required
• In-depth knowledge of loan review principles, practices, and governing regulations.
• Proven management/leadership experience
• Demonstrates superior credit, analytical, project management and communication skills
• Recommends Portfolio Quality and Credit Administration ratings and Key issue assessments
• Possesses the ability to quickly synthesize, summarize and act on large volumes of complex information
• Fosters and builds executive relationships
• Advanced communication skills
• Ability to enable and empower professional leaders within the Division
• Promotes and manages a challenging and changing business/work environment
• Proven executive decision-making skills
• Certifications highly preferred
Who We Are:
TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.
TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing - and so will you.
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 base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. 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.
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
TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.
If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.
Perks and Benefits
Health and Wellness
Parental Benefits
Work Flexibility
Office Life and Perks
Vacation and Time Off
Financial and Retirement
Professional Development
Diversity and Inclusion