Associate - Corporate Equity Derivatives, TD Securities

Work Location:

Hours:

Line of Business:

Pay Detail:

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 is seeking an Associate to join the Corporate Equity Derivatives desk within our Global Equity Derivatives group (GED). The role focuses on pricing, structuring, and developing our equity derivatives offering for our growing corporate client base. The successful candidate will play a key role in growing our existing franchise with attributable recognition.

Key Responsibilities:

• Price, quote, structure and trade equity derivatives products (convertible call spread, margin loan, prepaid forward, accelerated share repurchase, etc)

• Perform in-depth analysis on bespoke situations, with a focus on single name equity risks, liquidity, corporate actions, as well as legal / structural risks specific to customized transactions

• Partner closely with Equity Capital Market, Corporate and Investment Banking, GED sales and structuring globally to structure new deals and deliver OneTD success

• Prepare new deal memo or new business approval material, focus on evaluating risk reward, return on capital, funding, and other implications

• Lead conversations with internal risk partners including credit risk or market risk

• Propose and implement new products development to meet corporate client monetization and financing objectives, for both existing North American clients and new client segments (Europe and Asia)

• On-desk research and trading analysis. Develop processes and tools to improve risk management and drive optimal hedging decisions

• Stay fully informed on market data, economic information, key industry developments, and regulatory standards at all times to make sound decisions

• Liaise closely with the bank’s other operations in Canada, US, Europe, Asia Pacific

• Ensure all aspects of trade life cycles function smoothly

• Demonstrate governance, control and risk focused behaviors in alignment with TD policies and practices

Depth & Scope:

• Gathers, researches information and analyzes the market

• Executes detailed data analysis and valuation

• Provides in-depth market reports and expert recommendations

• Identifies issues affecting clients and provides recommendations to remedy

• Develops deep client relationships and presents new ideas to clients

• Executes trades and secures deals with new clients

• Keeps market-making traders informed of relevant issues with their customers and products

• Obtains market prices from market-making traders and executes the trade

• Ensures all trades are confirmed with the broker/dealer

• Inputs trades (post execution), and Verifies transactions meet company policies and followed approved guidelines

• Researches and resolves trade discrepancies

• Confirms trade blotters against trades booked in systems

• Coordinates with back office on all failed trade status and communicates to front office

• Coordinates with back office on position breaks and reports to the front office

• Assists traders in mark-to-market process

• Coordinates trade reconciliation discrepancy resolution with back office

• Looks for ways to improve work flow efficiencies

• Reads and understands the Trading Supervision Standard

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

Education & Experience:

• Bachelor's degree, or specialized training / equivalent work experience

• 3+ Years of related experience

• Ability to work independently with minimal supervision, establishes priorities, and possesses strong communication, analytical and problem solving skills

• Management experience and solid computer skills a must

Preferred Qualifications:

• Previous experience in structuring (private or public side), trading or related roles within a financial institution

• Prior experience in Corporate Equity Derivatives in United States market is a plus

• Prior experience with legal documents and credit / loan approval process is a plus

• Intellectual curiosity in structuring, trading, deal closing, analyzing company fundamentals, valuations, and liquidity. Prior derivatives trading experience is not mandatory for this role

• Entrepreneurial, eager to learn and to explore new business opportunities

• Detail oriented, diligent, and able to adapt to competitive deal closing timelines

• Able to work independently and in a team environment with strong communication skills

• Computer programming and data analytic skills to develop tools is a plus

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel – Occasional

• International Travel – Never

• Performing sedentary work – Continuous

• Performing multiple tasks – Continuous

• Operating standard office equipment - Continuous

• Responding quickly to sounds – Occasional

• Sitting – Continuous

• Standing – Occasional

• Walking – Occasional

• Moving safely in confined spaces – Occasional

• Lifting/Carrying (under 25 lbs.) – Occasional

• Lifting/Carrying (over 25 lbs.) – Never

• Squatting – Occasional

• Bending – Occasional

• Kneeling – Never

• Crawling – Never

• Climbing – Never

• Reaching overhead – Never

• Reaching forward – Occasional

• Pushing – Never

• Pulling – Never

• Twisting – Never

• Concentrating for long periods of time – Continuous

• Applying common sense to deal with problems involving standardized situations – Continuous

• Reading, writing and comprehending instructions – Continuous

• Adding, subtracting, multiplying and dividing – Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

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 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. 

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

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 [email protected].  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.