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 - $45.00 USD
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:
2027 Summer Analyst Program - Global Markets, Municipals (New York)
As a leading corporate and investment bank, TD Securities offers a wide range of integrated capital markets products and services. Our corporate, government, and institutional clients choose us for our innovation, execution, and experience. With over 7,200 professionals operating in 39 cities across the globe, we work closely with our clients to help them meet their needs today and prepare for tomorrow.
JOB OVERVIEW
TD Securities is looking for candidates with varying backgrounds and experiences to join our 2027 Global Markets Summer Analyst Program - Municipals and be immersed in our inclusive culture!
This program will connect you with experienced professionals through on-the-job training . You will work alongside industry experts in a fast-paced collaborative environment. This is a ten-week program running from early June to mid-August in person in our offices in New York City.
Municipals
At TD Securities, Municipals (comprised of Public Finance Banking, Municipal Sales & Trading, and Automated Trading) function within Global Markets as an integral part of the full suite of services we provide. The Public Finance team covers all sectors within the municipal finance space such as state and local governments, infrastructure, power and utilities, higher education, housing, not-for-profit health care and transportation and assists clients in analyzing and issuing various offerings of municipal securities. The Municipal Sales and Trading and Automated Trading teams are active market-makers and one of the largest liquidity providers in the muni market, covering trades of all sizes from micro-lots to big blocks. Following training, this unique program provides summer analysts with two rotations spanning approximately 4 weeks each with the banking and sales and trading teams.
The Muni team interacts frequently with other areas of the Bank, including: Debt Capital Markets, Credit Management, Market Risk Solutions, Sustainable Finance, Corporate and Investment Banking, and Global & US Fixed Income Sales and Trading.
As a summer analyst, you will:
Work with seasoned Public Finance bankers and Municipal Sales & Trading professionals andacquirethe knowledge and skills necessary to become a Full Time Analyst in the municipal finance space.
Provide analytical, research, and transactional support to the Public Finance team, whileassistingin the preparation of cash flow modeling and otherfinancial analysis in connection with potential or live capitalmarketsfinancings. You will alsoassistbankers in the preparation of proposals and pitch books for prospective and current clients detailing firm capabilities and financing solutions.
Gain exposure to the sales and trading of municipal securities and newissueunderwritingby shadowing our team of industry veterans. Learn how to price municipal bonds and how to hedge and manage risk. Develop an understanding of the various market participants (dealers, customers, brokers, etc.) and how to effectively communicate and engage with them.
Learn about algorithmic trading, portfolio trading, ETF creations/redemptions by interacting with TDSAT (TD Securities Automated Trading).
Have the ability totake ownership on assigned tasks and projects, managing assignments through successful completion.
Stay fully informed on market data and trends, economic information, and key industry developments as well as regulatory standards.You will also learn to develop andmaintainrelationships with market participants including lawyers, financialadvisorsand issuing clients.
Mentorship and Networking:
The internship will include a formal mentorship with employees who will act as a career guide for navigating your experience at TD Securities and beyond. Summer Analysts will have the opportunity to engage in a Senior Speaker Series designed to familiarize participants with the workings of Global Markets as well as our Corporate & Investment Banking, Equity Research, and Business Operations divisions. Summer Analysts will also be able to participate in social networking events with one-another as well as employees of the Firm to experience our culture and assimilate into our Firm.
Hands-on Experience:
This is an opportunity to experience our unique culture, work on a fast-paced trading floor, attend client meetings, and build fundamental skills. You will be working with individuals across the floor to understand different aspects of Global Markets, ultimately leading to a final presentation designed to showcase critical thinking skills and increase professional presence (ie: final trade presentation).
QUALIFICATIONS
Pursuing a (4) year university or college degree withan anticipatedgraduation date between December 2027and June 2028.
You must be work authorized in the United States without the need for employer sponsorship.Forindividualswhose work authorization is or will be based on F-1 optional practical training, your degree oranticipateddegree must be in a qualifying STEM program, as reflected on your Form I-20. This role is not suitable for individuals who are ineligible for a STEM OPT extension.
All majors welcome, but significant coursework in a business-related field isrequired
Compelling interest in and knowledge of the financial markets, particularly in municipal finance
Well-organized and detail oriented
Ability to work under pressure with tight deadlines andestablishpriorities with minimal supervision
Results driven, proven academicexcellenceand strong interpersonal skills.
High ethical and professional standards.
Strong financial/analytical skills, knowledge of MS Excel preferred
Proactive and highly motivated
Able to work effectively in a team environment and independently
Demonstrated leadership (i.e.sports, clubs, extracurricular activities, and philanthropy, etc.)
Application Deadline : February 1, 2026.
Interviews will occur on a rolling basis from January through April - it is encouraged that candidates apply well ahead of the deadline of February 1, 2026.
The Intern assists designated department management and staff in performing assigned tasks under direct or general supervision. Exemplifies the TD Securities Culture and Customer Service Philosophy. The intern will be required to interact with various internal and external groups.
Depth & Scope:
Builds an understanding of the businesses and Customers the role supports
May answer and direct incoming calls internally and externally
Provides support for Manager and others areas, as indicated
May assist in completing various departmental projects/reports
May assist in the Preparation of specific schedules related to the monthly/quarterly/yearly reports or projects
Analyzes specific accounts
Assists in the preparation of specific federal and state returns
Assists with projects
Assists in the audit requests
Assists with operational and administrative functions
May support or partner with several business functions/areas/departments
Participates in various projects and tasks, as assigned
Education & Experience:
High School Diploma required
Currently enrolled in 4 year college program or post graduate program
3.2 GPA or higher preferred
Excellent computer skills, including Microsoft Office
Excellent interpersonal skills
Demonstrated leadership qualities
Good written and oral communications skills
Detail oriented and self-motivated
Ability to handle multiple tasks in a fast-paced environment
Ability to work in an office environment
Physical Requirements:
Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
Domestic Travel - Occasional
International Travel - Never
Performing sedentary work - Continuous
Performing multiple tasks - Continuous
Operating standard office equipment - Continuous
Responding quickly to sounds - Occasional
Sitting - Continuous
Standing - Occasional
Walking - Occasional
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 - Never
Reaching forward - Occasional
Pushing - Never
Pulling - Never
Twisting - Never
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
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.
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 deliver legendary customer experiences to 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 the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.
TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing - and so will you.
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 base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more (http://hrportal.ehr.com/tdtotalrewards)
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.
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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.
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
TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.
If you are an applicant with a disability and need accommodations to complete the application process, please email 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 applicant process.
Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.
