Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Legal

Pay Detail:

$245,000 - $280,000 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:

Legal counsel providing advice related to broker-dealer activities with a focus on fixed income institutional sales and trading and municipal securities regulation. The optimal candidate will be a subject matter expert on broker-dealer and securities laws (Securities Act of 1933, Securities Exchange Act of 1934, MSRB rules, and related rules and regulations, including FINRA rules). 

Job Description

Primary responsibilities include:

• Transactional and advisory support to fixed income sales and trading businesses.
• Provide regulatory advice for the municipal securities business, both origination and secondary trading.
• Provide regulatory advice on a wide range of issues including market access, trade reporting, consolidated audit trail, data and information management and retention, electronic trading, advertising and marketing.
• Draft and negotiate trading and related agreements in connection with trading platforms, electronic trading, market data, software licensing and direct market access.
• Work closely with Trading Business Management and Compliance to implement and develop internal procedures and controls.
• Work with Litigation and Regulatory Investigations to respond to regulatory inquiries and document requests.
• Follow legislative and regulatory developments including through membership in industry associations.

Preferred Qualifications/Competencies/Accreditation:

To fulfill the responsibilities of the position, the candidate must be qualified to practice law in NY State with a minimum of 6 years’ experience in a law firm and/or an investment bank legal department.

A combination of law firm and in-house experience is preferred. The professional will have a diverse range of financial products knowledge and strong writing and research skills. The successful candidate will have effective communication skills, strong issue spotting skills, be attentive to detail, be able to work independently and possess a collaborative and congenial temperament. 

As part of an established team, the legal counsel will provide day-to-day legal advice, assist in the development of new products, represent Legal in working groups and multi-disciplinary committees and assist in the implementation of compliance programs consistent with new legislation and regulation. Working closely with the business as well as other support functions, the candidate will be expected to develop relationships with senior stakeholders. The candidate must be an effective team player and flexible in adjusting to changing work priorities.

The Dir – Legal TDS provides oversight, legal advice and support to TD Bank management in Corporate Group Functions and Business Units. Functions as legal expert in one or more defined subject matter areas and/or specific business lines. Provides high level legal advice to specific business area(s), may prepare resolutions, contracts, memoranda to management, litigation documents and forms and participates in major legal actions. Foresees and protects the Company against legal risks.

Depth & Scope:

• Manages other Senior Counsel, Counsel, Associate Counsel and/or paralegal staff, assigning responsibilities and evaluating results
• Provides leadership, coaching, counseling and guidance to staff
• Supervises external counsel providing advice or other legal services of the Company
• Works closely with General Counsel, department attorneys and external legal counsel on specific legal issues related to the Company's business
• Serves or may lead in one or more permanent or ad hoc practice groups or cross-practice teams of attorneys and staff
• Advises lines of business on best practices that help minimize legal and litigation risk
• Assists General Counsel in developing and managing departmental budget for both internal and external legal spend
• Leads highly complex and sensitive negotiations; considers the long-term consequences and coaches clients towards protecting the Company's interest
• Anticipates client needs; deals with complex legal issues; clearly delivers difficult messages without jeopardizing client relationships
• Gives pragmatic legal opinions with reasons and rationale
• Provides advice in ambiguous situations; identifies and prevents future legal risks; identifies and takes action on future opportunities
• Resolves most situations where conflicts arise between the needs and desires of specific business units and the interests of the Company without requiring intervention of more senior attorneys
• Recognizes opportunities to use legal expertise to make a contribution to the business; is viewed by the client as a business partner
• Demonstrates highest professional ethical and behavioral standards and complies with all applicable Bar Rules and Codes of Professional Responsibility, and corporate ethical and behavioral standards
• Participates in special projects and performs additional duties as required

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.

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
 

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

If you are an applicant with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at [email protected]. Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.