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Private Banking Intern / Co-Op

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TD Bank

Sep 12

  • Internship
    Full-time
    Off-cycle Internship
  • Customer Relations
    Banking & Finance
  • Brampton, +7
    Remote
  • Quick Apply

AI generated summary

  • You must have an undergraduate degree, CSC/IFIC completion, retail banking experience, credit analysis skills, strong communication, attention to detail, and a passion for client experience.
  • You will engage clients, assist with banking transactions, analyze credit requests, support onboarding, and identify opportunities to deepen relationships while adhering to policies and service standards.

Requirements

  • Undergraduate Degree
  • Completion of the Canadian Securities Course (CSC) or Investment Funds in Canada (IFIC)
  • Willingness to complete the certified financial planning designation(Financial Planning Title delivered by the IQPF) as well as Wealth Management Essentials(WME)
  • Prior experience in Retail banking and lending
  • Experience in Private Banking is considered an asset
  • Knowledge in the analysis of credit requests and ability to underwrite simple credit
  • General knowledge across Wealth products and solutions with an understanding of cash management, credit and investment solutions
  • Knowledge of banking risk, operations and related procedures
  • Ability to proactively engage clients and build and maintain ongoing positive relationships in a virtual environment
  • Proven confidence in analyzing client information and making the appropriate recommendation based on needs
  • Ability to adhere to operational excellence & efficiencies and delivering on committed service levels
  • Propensity to develop financial planning knowledge and recommendations with banking solutions implementation in mind
  • Disciplined and organized with the ability to work collaboratively with other Private Bankers and partners in Private Wealth, Wealth and TD
  • Proven personal credibility and accountability
  • Conscientious with a proven passion for creating a legendary client experience at every opportunity
  • Demonstrated high attention to detail
  • Strong communication skills

Responsibilities

  • Understand the Private Wealth Management (PWM) businesses and how Private Banking acts as a key partner within it. Specifically:
  • Types of HNW clients, the nature of their relationships with PWM and their specific needs;
  • Banking products, processes, systems and operations
  • Credit solutions of various complexities
  • Proactive client engagement
  • Wealth Management solutions
  • Key Partnerships within PWM and other TD businesses like Retail and Commercial Banking
  • Demonstrate high touch relationship management skills and offer banking services in a virtual engagement model by:
  • Completing financial transactions of low to medium complexity (deposit, credit and Banking transactions).
  • Performing client onboarding, administrative and support activities, committing to operational excellence and ensuring that service levels are being met.
  • Analysing credit requests and engaging the Credit Solutions team (when required) for underwriting complex credit in accordance with established guidelines.
  • Conducting proactive client follow-ups in a periodic fashion to ensure client expectations are being met and resolving any outstanding items.
  • Maximizing business opportunities and profitability by consistently applying Private Banking fees and pricing.
  • Proactively identifying opportunities to deepen client relationships and engaging Senior Private Bankers/Private Bankers to seamlessly graduate the client to higher service models when criteria is met.
  • Engaging in Discovery & Wealth Planning activities with clients to understand their goals and objectives and identifying franchising opportunities within PWM and other TD Channels
  • Maintaining up-to-date knowledge and understanding of PB, TDBG policies and procedures, industry trends and protecting the interests and reputation of TDBG and its clients by continuous compliance to them.
  • Representing Private Wealth Management and TDBG to the general public in a professional manner.
  • Contributing to a positive, collaborative and constructive work environment

FAQs

What is the role of a Private Banking Intern/Co-Op?

The Private Banking Intern/Co-Op serves as a relationship management role focusing on providing banking services and simple credit solutions to High Net Worth (HNW) clients through virtual and phone engagement.

What are the main responsibilities of this position?

Main responsibilities include understanding Private Wealth Management, managing client relationships, completing banking transactions, conducting client onboarding, analyzing credit requests, and contributing to a positive team environment.

What educational qualifications are required for this position?

The requirements include an undergraduate degree and the completion of the Canadian Securities Course (CSC) or Investment Funds in Canada (IFIC). Additionally, the willingness to obtain the certified financial planning designation and Wealth Management Essentials is required.

Is previous experience in private banking needed?

While prior experience in retail banking and lending is required, experience in private banking is considered an asset.

What skills are necessary for this internship?

Essential skills include strong communication, attention to detail, the ability to build and maintain client relationships in a virtual setting, and knowledge of banking and credit analysis.

What is the work schedule for this internship?

The internship requires about 37.5 hours of work per week.

Will I receive training for this role?

Yes, comprehensive training and onboarding sessions will be provided to ensure you have the necessary knowledge and skills to succeed in your new role.

Is compensation for this role discussed with HR?

Yes, compensation-related questions, including pay details for this role, are encouraged to be discussed openly with a member of the HR team.

What opportunities for development are available?

TD offers regular development conversations, mentorship, training programs, and access to an online learning platform to help you grow in your career.

Are there any accommodations available during the interview process?

Yes, accommodations such as accessible meeting rooms or captioning for virtual interviews can be provided upon request to ensure all candidates can participate fully in the interview process.

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TD Bank

Finance
Industry
10,001+
Employees

Mission & Purpose

Headquartered in Toronto, Canada, the Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD had CDN$1.9 trillion in assets on July 31, 2023. TD also ranks among the world’s leading online financial services firms, with more than 16 million active online and mobile customers. TD offers a full range of financial products and services to over 27.5 million customers worldwide through four key business lines: - Canadian Personal and Commercial Banking including TD Canada Trust, Business Banking, and MBNA - U.S. Retail including TD Bank, America’s Most Convenient Bank, TD Auto Finance (U.S.), TD Wealth (U.S.) and TD’s investment in Schwab - Wealth Management & Insurance including TD Wealth (Canada), TD Direct Investing, and TD Insurance - Wholesale Banking including TD Securities and TD Cowen