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VP, Head of Credit Management for Target Portfolio

Company: TD Bank Group
Location: Wilmington
Posted on: June 10, 2021

Job Description:

Company Overview

About TD Bank, America's Most Convenient Bank

TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US.

TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com.

Department Overview

The Head of Credit Management for Target Portfolio is responsible for managing the oversight and coordination of all Credit Risk activities for one of our premier credit card partnerships. This will include but not limited to leading the assessment and validation of new account acquisitions and existing customer management credit strategies with the goal of continual enhancement by optimizing risk /reward opportunities while managing the overall portfolio within Risk appetite. This role reports within the US Credit Card and Unsecured Lending first line Credit Management group and interfaces with various internal and external stakeholders such as Partner, Line of Business, Retail Risk, Legal/Compliance, Regulators, Model Management, etc. regarding all Credit Risk related matters.

Job Description

  • Mentors and supervises credit risk analysts, provides leadership direction and answering questions as needed. Provides guidance and assists staff with most complex aspects of work as necessary.
  • Resolves escalated issues and problems by conferring with senior management, staff in other internal departments, outside contacts and others as necessary.
  • Oversees retail credit acquisition and portfolio analysis in support of financial, regulatory and risk management requirements.
  • Performs a leadership role in managing the US Allowance for Loan and Lease Losses (ALLL) for the Retail Credit Portfolios.
  • Participates in and supports several decision-making committees for the retail credit and portfolio management approaches.
  • Exercises independent judgment by displaying and reaching conclusions on the most complex portfolio issues as well as assumes accountability for high quality recommendations regarding the credit portfolio.
  • Quantifies and analyzes risk exposure characteristics for retail credit portfolios.
  • Researches, evaluates and develops credit policy for acquiring a portfolio that is within the TD Enterprise Risk Appetite and meets the business objectives and targets.
  • Researches, evaluates, develops, tests and applies quantitative models and methodologies for analyzing risk exposures, acquisition and collection strategies.
  • Performs independent analytical initiatives including portfolio modeling, Stress Testing and migration analysis. Works with TDBFG Analysts to determine and validate key Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) factors that are critical to internal Allowance for Loan and Lease Loss measures.
  • Prepares and delivers management reporting necessary to ensure accurate and thorough measurement of risk factors present in retail credit products.
  • Develops and documents systems/tools to automate calculations used in determining risk exposures.
  • Develops and implements statistical models and tools to automate decisioning.
  • Researches and recommends standards for internal/external systems used to calculate and measure risk exposures.
  • Recommends credit policy and underwriting standard modifications where warranted. Measures and monitors the organization's credit risk exposure and provides guidance in portfolio review and strategy.
  • Establishes oversight of business lines compliance/risk controls and periodically evaluate risk mitigation efforts to make adjustments as risk/department influences change. Ensures TD Bank maintains successful audits and exams within all areas.
  • Ensures effective compliance with all job-relevant State and Federal regulations, including, but not limited to Employee policies, procedures, CRA EEO/ AA, as well as with all job relevant Risk Management and Corporate standards.
  • Manages complex analytical initiatives and interacts with TDBFG Analysts, Finance, Credit, Sales, Marketing and Retail Lending lines of businesses.
  • Provides leadership, support, and guidance to Senior Management, Credit Analysts, Finance, Credit, Small Business, and Retail Lending Lines of Business.
  • Must be eligible for employment under regulatory standards applicable to the position.


Bachelors degree required; Graduate degree preferred

10+ Years of related experience

Significant experience required in Credit Risk Management and modeling disciplines

Strong quantitative and statistical skills to determine sound, defensible approaches to forecasts and analyses

Strong written and verbal communication skills

Experience in change management related to the adoption of new business processes

Extensive experience in organizing and presenting credit portfolio results and allowance requirements to Senior Management Committees, External Analysts, Auditors, Regulators, and Board of Directors

Industry analysis and presentation experience


  • Experience with the use of Relational Databases and the process of Extract Transform Load (ETL) using common languages such as SQL or SAS
  • Data modeling and risk management either from a business administration, statistical, mathematical, scientific or financial background

Must be eligible for employment under regulatory standards applicable to the position.




At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach their potential.

If you are a candidate with a disability and need an accommodation to complete the application process, email the 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 application process.

EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.

Keywords: TD Bank Group, Wilmington , VP, Head of Credit Management for Target Portfolio, Other , Wilmington, Delaware

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