Work Location:
Greenville, South Carolina, United States of America
Hours:
40
Pay Details:
$115,440 - $173,160 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.
Line of Business:
Personal & Commercial Banking
Job Description:
The Community Development Corporation New Markets Tax Credit (NMTC) Compliance Manager ensures that TDCDC is in full compliance with all regulations set forth by the CDFI Fund for the NMTC program and all TD Bank corporate governance and credit policies. The Community Development Corporation NMTC Compliance Manager is responsible for the asset management of TDCDC's portfolio, including, but not limited to, sourcing, underwriting, structuring, closing, boarding and servicing all new and existing TDCDC investments.
Department Summary:
This Compliance Manager role supports TDCDC's activities across the New Markets Tax Credit (NMTC) Program, Small Business Investment Company (SBIC) Program, and Mission Driven Financial Institutions (MDFI) platforms, ensuring regulatory compliance, financial integrity, and operational discipline across all lines of business. The TDCDC Compliance Manager is responsible for end-to-end compliance, reporting, and operational oversight for TD Community Development Corporation's investment and lending activities across NMTC, SBIC, and MDFI programs. This role manages all annual, quarterly, and transaction-level regulatory and tax reporting to the CDFI Fund and other regulators, coordinates subsidiary CDE tax returns, oversees agreed-upon procedures and audit engagements, and serves as the primary liaison for internal and external audits, SOX, Volcker, IRS, and bank compliance testing. The Compliance Manager partners closely with finance, tax, legal, operations, and deal teams to ensure proper structuring, booking, flow of funds, consolidations reporting, and ongoing asset monitoring, while maintaining operating procedures, governance records, entity documentation, and master data. The role also supports transaction closings, treasury activities, vendor management, and governance committees, and drives strategic initiatives to strengthen controls, streamline processes, modernize reporting, and enhance systems and compliance infrastructure across TDCDC.
Depth & Scope:
Qualifies and screens potential projects that are sourced by the President/Sales Marketing Directors
Manages the NMTC application process (150 pages on an annual basis for NMTC funding - previously completed by external attorneys)
Engages 481 Corp. and Community Capital Group as necessary
Approves closing documentation for program compliance and reporting requirements
Manages the booking details to proper booking in the Shaw system by the CLS team
Manages the loan operations process to ensure proper booking and assists with the setting up "participation" records on serviced deals as needed
Manages the accounting process to ensure proper tax and accounting treatment of each loan booked
Manages the financial management reporting process to ensure proper treatment of each NMTC investment
Reviews closing documentation for program compliance and reporting requirements
Assists CLS with booking details to ensure proper booking in the Shaw system
Coordinates with loan operations to ensure proper booking and assists with setting up "participation" records on serviced deals as needed
Coordinates with accounting to ensure proper tax and accounting treatment of each loan booked
Coordinates with financial management reporting to ensure proper treatment of each NMTC investment
Monitors the timing of investments to ensure compliance with tax credit regulations
Completes various NMTC compliance documentation for files, including but not limited to, Flex Terms Documentation, Community Benefit Analysis Form and LIC Worksheet
Monitors loan and servicing fee payments
Ensures accurate filing of all paperwork in loan files and eRoom
Manages and completes reporting to regulatory agencies, including quarterly and annual web based transaction compliance and maintenance of paper files in accordance with Policies and Procedures, such as: Quarterly ARRA Report to CDFI Fund for 2009 Allocation, Annual Transaction Level Report to CDFI Fund, Annual Institution Level Report to CDFI Fund, Tax Return of CDE to CDFI Fund
Engages tax advisors to complete Subsidiary CDE tax returns and reviews for accuracy
Coordinates with Corporate Tax and Accounting to prepare annual TD Community Development Corporation tax return and reviews for accuracy
Completes Certification of Material Event Forms as needed
Coordinates with lender, accounting, and tax advisors as appropriate
Coordinates with the collection of financial records from customers to ensure compliance with loan documentation as well as program compliance
Collects and files Annual Borrower Questionnaires and Compliance Certificates from all customers
Follows up with clients to track reporting for loan agreement and program compliance
Procures qualified equity investments as each project is closed
Prepares marketing material, call presentations, etc.
Education & Experience:
4 Year Degree or equivalent experience
3+ years of investment or lending experience needed
Strong knowledge of tax credit investment programs and related state and federal regulations, including CRA, IRS, New Market Tax Credit (NMTC) and other regulations
Strong understanding of commercial business development techniques and credit decisions
Knowledge of commercial lending practices
Strong credit and financial analysis skills
Experience building strong business relationships both internally and externally
Successful negotiation experience
Excellent overall communications skills, with ability to work with a wide range of people
PC skills
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.) - Never
Lifting/Carrying (over 25 lbs.) - Never
Squatting - Never
Bending - Never
Kneeling - Never
Crawling - Never
Climbing - Never
Reaching overhead - Never
Reaching forward - Never
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 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 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.
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
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.
