Associate – Network Management

The Network Management team is accountable for the clearing network, including accounts (Nostros) and relationships, on behalf of the Toronto-Dominion Bank Group ("TD"). These accounts and relationships provide critically important clearing services to the entire TD franchise, including but not limited to wholesale and treasury payments, Continuous Linked Settlements ("CLS"), commercial payments, foreign drafts and cash letters. Working with correspondent banks from across the world and stakeholders across TD, Network Management enables TD to transact in foreign markets and execute its global strategy.

Job Description/Accountabilities

The role involves maintaining and optimizing nostro accounts, ensuring operational efficiency, managing counterparty risk, and supporting strategic initiatives to enhance TD's correspondent network. The Associate will work closely with internal stakeholders and external counterparties to ensure seamless cross-border payments, treasury settlements and liquidity management.

• Support the day-to-day management of nostro accounts, including account openings, closures, and maintenance.
• Act as a key liaison between internal business units and external banking partners, addressing inquiries and service-related issues or disruptions, ensuring effective communication with impacted teams.
• Assist in negotiating and reviewing service agreements, fee structures, and performance benchmarks with counterparties.
• Monitor the financial health and operational performance of correspondents, escalating concerns as needed.
• Ensure adherence to internal policies, regulatory requirements, and industry standards in network management activities.
• Assist in the gathering of AML/KYC requirements related to correspondent relationships.
• Identify opportunities to optimize cost efficiency and service quality.
• Support projects related to account rationalization, infrastructure enhancements, and technology adoption.
• Prepare reports and presentations on network performance, fee analysis, and market trends for senior management.
• Provide insights on market developments, regulatory changes, and industry best practices.
• Other duties as assigned.

Skills, Experience and Qualifications

• University degree in Finance, Business, Economics, or a related field.
• 5+ years relevant industry experience in wholesale banking, treasury operations or correspondent banking.
• Preference will be given to those with existing TD experience.
• Familiarity with SWIFT, cross-border payments, and treasury/securities settlement.
• High proficiency in MS Office (Advanced PowerPoint, Excel, Word, Visio).
• Strong quantitative and qualitative business research and analysis skills with high attention to detail.
• Strong written and oral communications skills.
• Strong analytical and problem-solving skills with high aptitude for creative thinking.
• Strong organizational skills with the ability to work in a fast-paced environment and manage multiple deadlines and priorities.
• Ability to instinctively engage others to achieve positive business outcomes and make things happen with positive influence.
• Strong desire to learn and ability to adapt to a fast-paced changing work environment.

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 strive to make every interaction, product, and experience remarkably human and refreshingly simple for 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 foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

Our Total Rewards Package

Our Total Rewards package reflects the investment we make in our colleagues to help them, and their families achieve their well-being goals. Total Rewards at TD includes a base salary and several other key plans such as health and well-being benefits, including medical coverage, paid time off, career development, and reward and recognition programs.

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.