Head of Product, TD Auto Finance

Work Location:
Southfield, Michigan, United States of America

Hours:
40

Line of Business:
Product Management

Pay Detail:
$250,000 - $370,000 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:

The Head of TDAF Product is a strategic, responsible and accountable member of the TD Auto Finance U.S. leadership team. The Head of U.S. Product sets the cultural, organizational, and performance standard for the team and is expected to lead the TDAF Product organization including Product Strategy, Development, Systems, Management, Pricing, and Partnerships for both the consumer and commercial divisions of the organization. The role also has responsibility for the coordination of all Communications for all stakeholders and constituents.

The Head of TDAF Product is expected to make an impact, build for the future, inspire the will to win, and show excellent judgment in leading a team to ensure products are aligned with customer demand. Through collaboration with key business partners, the Head of U.S. Product is accountable for the end-to-end P&L including portfolio volumes, margin, and expenses. The position is responsible to lead, coach and develop a team of leaders that create distinguished products in the marketplace.

Depth & Scope:

• Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
• Provides vision, leadership and strategic guidance in developing and implementing Company products, services and programs including features, benefits and characteristics that meet customer needs and are priced to meet Company and shareholder objectives
• Develops product strategies to build TDAF market share and drive overall profitability to the organization
• Sets communication strategy and tactics for dealers, consumers, employees and on-line
• Acts as the expert on the market and its problems.
• Maintains vigilance gathering industry expert opinions and qualitative market data for different market segments
• Develops competitive and market intelligence to ensure TDAF products are on the cutting edge of market trends and meeting consumer demand
• Keeps abreast of emerging issues and evolving regulatory requirements to identify opportunities and assess impact to the company
• Provides strategic leadership and direction establishing differentiated products and services for multiple lending channels
• Owns product innovation and upstream development processes levers customer and business insights to deliver future product pipeline and enhance existing product features to drive sales success
• Oversees the development of pricing and programs for all products, ensuring they are priced with the right profitability measures and market elasticity
• Develops strategic direction in coordination with the Executive Management, ensuring all leadership activities align with corporate objectives

Education & Experience:

• Bachelors degree required; Masters degree preferred
• 10+ years auto finance, consumer banking or financial services experience
• 10+ years management experience preferred
• Proven senior management leadership skills to lead a department of auto finance experts
• Possesses superior coaching skills and high Emotional Intelligence
• Possesses strong business acumen and is savvy from an organizational perspective
• Drives continuous quality and performance improvement
• Leads through collaboration and teamwork
• Develops talent and understands the impact talent has on the business strategy
• Gets business results and makes an impact
• Has strong problem solving and analysis skills
• Drives strategic alignment and possesses an enterprise viewpoint
• Strong financial acumen; knows P&L and the drivers

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 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.