Specialty Ops Mgr I - ABL

Work Location:

Mount Laurel, New Jersey, United States of America

Hours:

40

Pay Details:

$68,640 - $102,960 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:

Personal & Commercial Banking

Job Description:

Department Overview:

This position is in the Asset Based Lending (ABL) Group. The Specialty Operations Manager I (SOM) leads a team of Collateral Analysts (CA) and/or Quality Assurance Analysts (QAA) whose responsibility is to monitor a designated portfolio. The team performs analysis of pledged collateral to ensure compliance with reporting, availability is maintained, and covenants are satisfied in a timely manner. This position interacts directly with Credit Management, Credit Administration, clients, Agent Banks, and internal bank departments. This position also requires the ability to understand complex loan agreements and interpret the applicable bank policies.

The above details are specific to the role which is outlined in the general description below.

The Specialty Operations Manager I supervises and trains Operations Specialists, Operations Supervisors and Quality Assurance Analysts. This job ensures effective and consistent monitoring of collateral and loans in the portfolio on the Stucky system and mainframe system. The Specialty Operations Manager I identifies collateral risk issues, takes corrective action and communicates to all levels of the organization. The job serves as a resource to team members.

Depth & Scope:

• Manages the Operations Specialists and/or Quality Assurance Analysts within one of the divisions
• Subject matter expert
• Serves as mentor for supervisors and managers in the department
• Chairs collateral review meetings
• Manages daily operations of workflow
• Interacts with staff, Loan Officers, and Customers on issues and concerns in securing collateral loans
• Sets goals and ensures that various areas manage toward overall Company objectives
• Meets with complex prospects
• Leads the development and implementation of lending strategies, policies and goals, in coordination with other division and region/group management
• Occasionally, attends collateral review meetings with Regional Credit Officers
• Evaluates collateral pledged and advance guidelines
• Serves as a resource to team members
• Establishes goals and objectives for staff
• Participates personally in developing and retaining business relationships and complex accounts
• Coordinates Customer retention efforts

Education & Experience:

• 4 year degree or equivalent experience
• 7-10 years related experience required
• In-depth understanding of commercial lending industry, business development techniques and credit decisions, with experience in corporate, asset based, leasing, international, foreign exchange and trade services and other specialty lending areas helpful
• Demonstrated ability to analyze business situations and effectively collaborate on overall corporate direction
• Excellent credit, financial analysis and accounting skills
• Refined negotiation skills
• Strategic planning and process management experience
• Demonstrated leadership experience, with strong financial management background
• Excellent written and verbal communication skills, including public speaking ability and positive public speaking presence

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 – Occasio