What TD Bank does: TD Bank offers personalized banking and investment management services across several banking options.
Mission: TD Bank’s mission is to be the best-managed, customer-oriented, coherent banking institution with a distinctive and all-inclusive culture.
Size and Presence: TD Bank currently employs around 90,000 employees in 2,300 office locations worldwide.
Best Known For: Popularly known as “America's Most Convenient Bank”, TD Bank offers a wide array of account diversity to satisfy clients at different stages and exceptional customer service that makes their service seamless.
The good bits: TD Bank as a leading international financial institution provides profound opportunities for career growth through collaboration, community, and inclusiveness.
The not-so-good bits: Working at TD Banks comes with a high level of professionalism with workloads leading to long working hours.
The proprietary part of TD Bank was founded in 1855 and named The Bank of Toronto by the collaboration of millers and merchants. The founding philosophy of the bank was to serve a feeling of community and foster the growth of essential financial services.
The Dominion Bank was founded in 1869 to help Canada undertake infrastructural projects. It was founded by a coalition of professionals, industrialists, and financiers.
The Dominion Bank and The Bank of Toronto grew at a nearly equal pace at this time.
Following the turn of the century, both banks continued to expand their operations. The Bank of Toronto increased by more than 100 locations within two decades while The Dominion Bank moved internationally to England, in 1911 and the United States, in 1919.
In 1955, Toronto Dominion Bank was formed via a merger of The Dominion Bank and The Bank of Toronto. The bank underlined its philosophy of customer service and product knowledge.
In the coming decades, the bank grew exceedingly and began introducing new service lines to serve its diverse clientele. In 1980, Toronto Dominion Bank began investing in international money marketing trading and commercial real estate development.
TD proceeded to acquire stakes in several businesses in the 90s. They acquired assets of Central Guaranty Trust in 1992 and Waterhouse Investor Inc. in 1996.
More growth and acquisitions led Toronto Dominion to become among the largest banks by branch number in North America in 2008. The final combination came by way of Operations of Commerce and TD Banknorth to become the popularly known TD Bank.
To date, TD Bank continues to make innovative acquisitions and improve its services retaining its tag as America's Most Convenient Bank.
TD Bank breathes diversity and inclusion through every aspect of its work practices from recruitment to daily operations. In every aspect of the company, they claim to deliver a welcoming and seamless environment where everyone feels welcome.
The vibe at TD Bank is friendly and easy on the eye while being competitive and fostering high-level professionalism.
As a welcoming and inclusive organization, TD Bank attracts the best talents with exceptional cultural stances. Graduate and internship recruitment processes commence with filing an application and submitting an updated resume, cover letter, and unofficial transcript.
The next step is to submit an updated application, and selected candidates are invited for on-site interviews. Interview patterns may vary depending on the roles being applied.
Graduate and internship candidates who impress in the interview phase are handed offer letters for vacant positions. For notifications on the application progress, candidates are referred to an online tracking system.
More than a hiring process, recruitment at TD Bank aims to place applicants on a path of career growth and discovery.
A position at TD Bank promises a fulfilling career that takes employees on a journey of discovery in their career of choice. Thanks to the global reach of the company, employees enjoy opportunities to collaborate and work with industry leaders.
Entry-level candidates, professionals, and interns enjoy a plethora of mentorship and training programs to help them upskill. Leadership programs are also available to help employees enjoy all-around growth.
TD Bank pays an average of around $85,747 annually while interns earn around $46,000 per year.
TD Bank focuses on ensuring that its growth equals sustainable growth in the communities they operate. From areas of health care to security and environmental sustainability, TD Bank makes substantial investments to improve the overall quality of life.
The Bank claims to deliver around $750 million to improve security, the environment, and health care. They actively support innovative healthcare solutions and look to educate the public on financial sustainability.
TD Bank has also been a vocal supporter of a low-carbon environment and has pledged around $75 Billion to foster a sustainable environment. The various subsidiaries of the company also actively contribute to social development in their capacities.
Since its inception, TD Bank has had its fair share of controversies. Among the latest, line of controversies is their active role in a $7.2 billion scam. TD Bank was required to pay around $4.5 billion to the liquidators of Antigua Bank. It was alleged that the Bank was negligent and assisted Allen Stanford in a $7.2 Ponzi scam. TD Bank has since denied such claims and has requested compensation in the region of $5 million.