Vice President of Automotive Analytics & Insights Job at TD Bank
Business Analysis / Reporting
Mount Laurel, NJ
March 20, 2023
Company Overview
TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing over 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US and www.twitter.com/TDNews_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.
We offer a competitive salary and benefit program, including: comprehensive, affordable health care through medical, dental, and vision coverage; financial security with life and disability insurance; opportunities to save using health savings and flexible spending accounts; retirement benefits to help prepare for the future; paid time off and work/life benefits to maintain a good balance.
Department Overview
- Deep understanding of auto finance business, credit risk management with solid quantitative and analytical skillset
- The Senior Manager of Analytics & Insights Lead is responsible for driving portfolio risk analysis and monitoring for the Auto Finance division.
- Capable of leveraging data driven approach in leading insightful business discussions, supporting strategic initiatives and influencing executive leadership in decision making
- Establish KPI and root cause analysis to identify early performance trends with thoughtful recommendations
- This is a hybrid role (3 days a week) if you live near one of our hubs in Detroit MI, Wilmington DE, or Mt Laurel PA (outside Philly)
Job Description
- Provide people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required. Oversee and lead a large and/or highly complex, and diverse reporting function for an area of significant risk, complexity or scope.
- Strategic partner to leadership team on the management of the portfolio and financials, with deep industry, external / internal, enterprise knowledge, recognizing and anticipating emerging trends and; identifying operational efficiencies and opportunities with other business management / enterprise areas
- Facilitate key strategic discussions and provide thought leadership to executive audience (output may include strategic roadmap and/or deliverables/ frameworks/ short to long term goals etc.)
- Set operational team direction and collaborate with others to execute on common goals
- Focus on longer-range planning for functional area (e.g. 12 months or greater)
- 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 analysis in support of financial, regulatory and risk management requirements
- Participates in and supports several decision-making committees for 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 portfolios
- Researches, evaluates, develops, tests and applies quantitative models and methodologies for analyzing risk exposures 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
- Researches and recommends standards for internal/external systems used to calculate and measure risk exposures
- Recommends policy and underwriting standard modifications where warranted. Measures and monitors the organizations 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, and Retail Lending lines of businesses
Requirements
- 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
Hours
Inclusiveness
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.
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