2027 Summer Internship Program - Commercial Banking

Commercial Banking – Credit Management Intern (Summer Internship)

Role Type: Internship/Co-op

Work Term: Summer/Term 3

Work Location: New York, New York, United States of America

Hours: 40

Pay Details: $30.00 - $30.00 USD

As a candidate, you are encouraged to ask compensation-related questions and have an open dialogue with your recruiter.

Job Description

This role supports the Line of Business in the development and execution of work projects to support the Business goals and objectives. The Summer Intern embodies TD’s Shared Commitments and customer-focused culture.

Commercial Banking Overview

TD Commercial Banking helps commercial customers manage their funds, finance their growth, and invest for the future by understanding their goals and customizing products and services to suit their needs, from small “mom and pop” stores to multi-billion-dollar corporations.

Credit Management Intern Responsibilities

• Responsible for financial analysis of moderately complex loans/industries/customers.
• Works more independently but under the guidance and review of lead staff.
• Demonstrates a good understanding of loan risk factors.
• Researches industry-specific information from outside sources, which may include conversations with borrowers, industry publications, area libraries, references from other banks, credit agencies, and information accessed through the internet.
• Participates in customer meetings and makes direct inquiries for specific customer information based on prior research, experience, and knowledge (may require travel at times).
• Integral part of the loan origination process; performs underwriting analysis of a borrower’s character, creditworthiness, and financial condition.
• Supports the lending function by providing analytical support.
• Prepares insightful and timely approval memorandums for presentation to appropriate lending and credit authorities.
• Thoroughly analyzes financial statements, management profiles, business and product cycles, cash flow ability, collateral, aging, and other relevant information to identify trends, measure performance, assess financial strength, and develop an assessment of credit risk.
• May prepare complete written analysis with appropriate recommendations for approval, denial, and alternative structure when necessary.
• May maintain credit files, monitor data such as updated financial statements, and prepare updated analysis memos.
• Monitors compliance with regulatory requirements.
• Provides written analysis that identifies deviations from the Company Commercial Loan Policy and becomes familiar with alternative structures to reduce credit risk.
• Achieves operational performance standards in quality and timeliness.

In-Person Internship Requirement

TD is offering in-person internship opportunities in New York, NY. Interns will be required to be in-office 4 days a week.

Depth & Scope

TD Bank U.S. Summer Internship Experience

Our 10-week, non-rotational program consists of:

• A fun-filled, high-energy introduction to TD Bank U.S.
• A variety of professional experiences and development training.
• Extensive networking opportunities and interactions with senior leaders.
• A dedicated support network, including a formal peer-mentoring program.
• An active role in community service projects.
• Opportunity to join our rotational analyst program upon graduation and participate in our 6-week Innovation Challenge, VR experience, and a variety of learning and development opportunities.

Education & Experience

• Pursuing a post-secondary degree in business-related disciplines.
• Knowledge of Microsoft tools (Outlook, Teams, Word, PowerPoint, Excel).
• Excellent interpersonal skills, problem-solving, and analytical skills.
• Ability to take initiative and accountability for your actions.
• Demonstrated leadership qualities.
• Strong written and oral communication skills.
• Detail-oriented with an ability to handle multiple tasks.
• Ability to work independently and collaboratively.
• You must be work authorized in the United States on a permanent basis without the need for employer sponsorship.
• Anticipated graduation between December 2027 and June 2028.

Physical Requirements

• Domestic travel: Occasional.
• International travel: Never.
• Sedentary work: Continuous.
• Multiple tasks: Continuous.
• Operating standard office equipment: Continuous.
• Responding quickly to sounds: Occasional.
• Sitting: Continuous.
• Standing: Frequent.
• Walking: Frequent.
• Moving safely in confined spaces: Occasional.
• Lifting/Carrying (under 25 lbs.): Occasional.
• Lifting/Carrying (over 25 lbs.): Never.
• Squatting: Occasional.
• Bending: Occasional.
• Kneeling: Never.
• Crawling: Never.
• Climbing: Never.
• Reaching overhead: Occasional.
• Reaching forward: Occasional.
• Pushing: Occasional.
• Pulling: Occasional.
• Twisting: Occasional.
• Concentrating for long periods of time: Continuous.
• Applying common sense to deal with problems involving standardized situations: Continuous.
• Reading, writing, and comprehending instructions: Continuous.
• Adding, subtracting, multiplying, and dividing: Continuous.