Associate, Global Markets Credit – Commodities

Work Location: Toronto, Ontario, Canada

Hours: 37.5

Line of Business: TD Securities

Pay Details: $95,000 - $115,000 CAD

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:

Additional Job Description

Global Markets Credit ("GMC") is responsible for the structuring, underwriting, approval, monitoring, and ongoing management of credit exposures arising from TD Securities' Global Markets activities. The team partners closely with Front Office, Credit Risk Management, Market Risk, Legal, Operations, and other stakeholders to provide timely and effective credit solutions while maintaining a strong risk management framework.

GMC Commodities Associate is responsible for supporting the Commodities Sales & Trading Desks through the analysis, approval, and ongoing management of a diversified portfolio of commodities clients. The role provides coverage across a broad range of counterparties operating throughout the commodities value chain, including energy, base and precious metals, and carbon markets. Clients include upstream producers, midstream operators, refiners, commodity merchants, processors, recyclers, metal traders, and other participants across North American and international markets.

Working closely with Commodities Sales & Trading and other internal stakeholders, the Associate will evaluate new business opportunities, formulate credit recommendations, support transaction structuring, and monitor portfolio performance across a range of products, including leasing, inventory financing, physical commodity transactions, derivatives trading, and other Global Markets exposures.

Key Responsibilities:

• Prepare and recommend high-quality credit submissions relating to new business proposals, annual reviews, interim reviews, and transaction approvals for clients primarily operating across the commodities value chain, including energy, base and precious metals, and carbon markets.

• Analyze and structure a broad range of trading related products, including derivative and financing facilities.

• Assess and support transactions involving physical commodity supply chains, including inventory financing, storage arrangements, leasing structures, and other structured commodity finance solutions.

• Conduct detailed company, industry, and market analysis, and formulate well-supported credit and borrower risk rating recommendations.

• Liaise closely with Commodities Sales & Trading, Credit Risk Management, and other stakeholders to support transaction structuring, business development initiatives, and strategic growth objectives.

• Liaise with internal Legal and Documentation teams to assist in structuring and documenting credit facilities and transaction-related agreements.

• Ongoing monitoring of counterparty performance and credit exposures, including compliance with authorized credit limits and terms, conditions, and reporting requirements

• Identify emerging credit, market, operational, and reputational risks and recommend appropriate mitigating actions.

• Demonstrates governance, control and risk management behaviors in alignment with TD policies and practices.

Depth & Scope:

• Reviews and investigates trading excesses. Prepares daily excess reports and/or inventory reports

• Reviews daily requests for trading lines and obtaining required approvals via CAIRO or email

• Reviews daily ratings alerts and notification of Borrower Risk Rating upgrades / downgrades and prepares CAIRO credit reviews to reflect rating changes

• Maintains internal Credit Management trading line logs

• Prepares monthly reports

• Maintains required documentation for internal audit

• Prepares other related materials as required

• Ensures backups for monitoring and control function for the Loan/High Yield Sales and Trading and Cross Asset Trading portfolios are complete

• Maintains required documentation for internal audit

• Demonstrates governance, control and risk management behaviors in alignment with TD policies and practices

Education & Experience:

• Undergraduate degree in Business (Accounting or Finance), Economics, Mathematics, Engineering, or a related discipline. MBA and/or CFA would be an asset.

• 3+ Years of related experience

Preferred Qualifications:

• 2-5 years of credit underwriting experience with energy companies and/or energy-related industries.

• Knowledge of energy markets, including upstream, midstream, downstream, power, and commodity trading sectors, would be an asset.

• Strong financial analysis skills, including the ability to assess financial performance, liquidity, leverage, cash flow generation, and credit risk.

• Familiarity with credit documentation, ISDAs, NAESBs, GasEDI agreements, loan agreements, and other transaction documentation would be an asset.

• Knowledge of derivatives, structured commodity finance, or physical commodity markets would be an asset.

#Li-onsite

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