TD IB Credit Management

it has credit management in the title……

It is not not DCM, in Canada at least it's the adjudication / portfolio management arm of the corporate banking team.  So not quite front office but not exactly risk either.

What’s TD’s rep like in NYC since Cowen acquisition? What are peer banks?

I chatted with somebody on the team. It's underwriting and basically Corporate Banking. Think of them as the FSG of Corporate Banking, if that makes sense; they pull in DCM/LevFin as needed

You’re doing credit management for the investment bank

Pretty self explanatory

I also have an interview for this position, I am assuming this will be more like a commercial banking role where you are issuing revolver and term loans but you are issuing for large institutions rather than middle-market-sized companies. I can also assume that there will be a lot of cross between commercial banking and investment banking responsibilities for this job.

I interviewed with that team and it felt like a joke. My interviewer was so unprepared and could not form a sentence to save his life, no exaggeration. He could not even explain to me what the team does, and no it is not IB

TD’s IB Credit team is basically the underwriting function of the investment bank. They are responsible for building credit models, leading DD sessions with clients, working on deal memos and negotiating terms so definitely a front office job (this role also requires FINRA licenses unlike a risk role) and wouldn’t say is corporate banking (which usually deals with cash management products, corporate credit cards, among other stuff). The role might not be the traditional investment banking industry or product group but is a hybrid of industry/coverage/underwriting groups in one.