At a Glance
- Tasks: Assist with mortgage acquisition, funding, pooling, and securitization activities.
- Company: Join TD Securities, a leading global financial institution.
- Benefits: Competitive salary, health benefits, and career development opportunities.
- Other info: Collaborative environment with mentorship and networking opportunities.
- Why this job: Gain hands-on experience in capital markets and make an impact in a dynamic team.
- Qualifications: Strong analytical skills, proficiency in Excel and Python, and a passion for finance.
The predicted salary is between 51400 - 95000 $ per year.
Role Type: Internship/Co-op
Work Term: Winter/Term 2
Work Location: Toronto, Ontario, Canada
Hours: 37.5
Pay Details: $51,400 - $95,000 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.
Job Description:
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 help clients meet their needs today and prepare for tomorrow.
The Global Markets, Residential Mortgage Trading team acquires insured and conventional uninsured residential and multi-family mortgages from non-bank lenders and transforms them into mortgage-backed securities (MBS). The desk manages the full transaction lifecycle, from sourcing and pricing mortgages through hedging, funding, pooling and securitization.
Co-op and Internship opportunities allow you to gain valuable work experience across a number of the businesses at TD. You will work with experienced colleagues, receive world-class training, and be part of a community of students across TD.
Our Co-op/Intern Programming is designed to help you better understand the TD business, build on critical career capabilities, and broaden your professional network. This program features:
- Leadership talks with key Leaders from across the organization
- Lunch and Learns on topics such as Innovation, Diversity and Inclusion, and Personal Branding
Job Description:
- Assist with mortgage acquisition, funding, pooling and securitization activities across insured and conventional mortgage portfolios.
- Contribute to hedging and risk-management analysis, including monitoring exposures and preparing clear, accurate reporting for the team and relevant control partners.
- Analyze mortgage, lender and portfolio data to identify trends, explain results and support commercial decisions.
- Build or improve tools, models and recurring processes using Excel and Python.
- Conduct research on the Canadian mortgage market, fixed income markets, securitization structures, regulations and program requirements.
- Prepare concise internal materials and support the team’s interactions with lenders, risk partners and other Global Markets desks.
- Take ownership of a defined project that improves a process, analysis or business outcome, and present the results to the team.
What you will learn:
- How a mortgage moves from origination and commitment through funding, pooling, securitization and sale as an MBS.
- The economics and risks of mortgage pricing, hedging and securitization.
- How the Residential Mortgage Trading team fits within TD Securities and works with lenders, trading desks, Market Risk, Credit Risk, Operations and other partners.
- How to translate large datasets and market information into practical recommendations in a fast-paced trading environment.
- How to communicate clearly with senior colleagues and external counterparties while managing multiple priorities and deadlines.
Job Requirements:
- Strong analytical and problem-solving skills, with curiosity about capital markets, fixed income, mortgages or securitization.
- Advanced working knowledge of Microsoft Excel and comfort working with large datasets.
- Strong technical proficiency in Python, with the ability to write, understand and troubleshoot code used for data analysis and process automation.
- Strong written and verbal communication skills, attention to detail and the ability to explain analysis clearly.
- A proactive, adaptable approach and the ability to work both independently and collaboratively in a deadline-driven environment.
- A willingness to ask questions and learn quickly.
Early Talent Requirements:
Applications must include a transcript, cover letter (one letter-sized page or less) and a resume (maximum of 2 pages). We welcome all applications; however, we will only contact qualified candidates chosen for an interview.
TD requires employees to reside in the country where the role is located, irrespective of remote working arrangements.
Thank you for your interest.
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.
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 to help us remove barriers so that you can participate throughout the interview process.
Global Markets, Residential Mortgage Trading in Toronto employer: TD Bank Group
TD Bank Group is an exceptional employer that fosters a collaborative and innovative work culture, particularly in the dynamic field of Payments Modernization. Employees benefit from comprehensive professional development opportunities, competitive compensation, and a commitment to work-life balance, all while being part of a leading financial institution located in the vibrant city of Toronto.
