Global Markets, Residential Mortgage Trading Winter 2027

Job description

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. 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. Job Description: TD Securities 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. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. 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, including NHA Mortgage-Backed Securities sold into CMHC’s Canada Mortgage Bond program and private-label RMBS sold to institutional investors. The team also provides hedging and financing solutions to mortgage lenders and works closely with other Global Markets desks, Market Risk, Credit Risk and Operations. 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, where you will have an impact, grow as individual and experience our culture of care. Our Co-op/Intern Programming is offered with select Co-op and Internship roles and is designed to help you better understand the TD business, build on critical career capabilities, and broaden your professional network. This program is designed to complement your on-the job experience and features: Leadership talks with key Leaders from across the organization Lunch and Learns on topics such as Innovation Diversity and Inclusion and Personal Branding and so much more 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, including automating data preparation, analysis and recurring reporting. 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, including the interaction between credit, market and operational risk. 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. Experience with financial modelling is an asset. Strong technical proficiency in Python, with the ability to write, understand and troubleshoot code used for data analysis and process automation. Experience with Mongo DB or VBA is an asset. 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. Assigned Line of Business Requirements Please note that the line of business that you are assigned to may require specific skills not mentioned in this posting. 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 investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more 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. Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements. 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. 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 (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process. We look forward to hearing from you! Language Requirement (Quebec only): Sans Objet