2023 Consumer Banking Summer Internship Program

About TD Bank

TD Bank, N.A. is an American national bank and the United States subsidiary of the multinational TD Bank Group. It operates primarily across the East Coast, in fifteen U.S. states, and Washington, D.C. TD Bank is the seventh-largest U.S. bank by deposits and the 11th-largest bank in the United States by total assets, resulting from a series of several mergers and acquisitions. TD Bank, N.A. is headquartered in Cherry Hill, New Jersey. TD Bank is a federally chartered bank, thus its trading name bears "N.A." letters. On October 29, 2021, TD Bank, N.A. announced Leo Salom would succeed Greg Braca as the bank’s U.S. President & CEO. Salom had been leading TD’s wealth management and insurance business. Salom’s role change became effective on Jan. 1, 2022. On February 28, 2022, TD Bank, N.A. announced plans to acquire Memphis, Tennessee-based First Horizon Corporation for $13.4 billion. The deal is expected to close in the first quarter of 2023, pending approval by regulators in both the United States and Canada. The post-merger bank will have $600 billion in assets, potentially boosting its ranking to sixth-largest by deposits in the United States.

Your role

• Business Management & Governance (BMG): The Business Management & Governance group coordinates end-to-end oversight of the Consumer Bank, which includes the Product organization mentioned above and the Retail Distribution side of the Bank. The group’s responsibilities include risk assessment, control design, monitoring, and exam management.
• Real Estate Secured, or Residential, Lending (RESL): TD’s Residential Lending group is made up of two main product areas: Mortgage and Home Equity. This internship will serve in RESL’s Capital Markets function, which develops strategies for buying and selling loans in secondary markets.
• Consumer Deposit Products & Payments (CDPP): The Consumer Deposit Products & Payments team focuses on designing and managing TD’s checking, savings, CD, and money market products, as well as advancing the bank’s payment capabilities. This is an area that’s familiar to most people – if you have a bank account, you have a product that would be developed and managed by the CDPP team.
• Credit Cards & Unsecured Lending (CCUL): Credit Cards & Unsecured Lending is made up of three lines of business: U.S. Bankcard, which manages the bank’s branded credit cards; TD Retail Card Services, which provides sales financing to retailers like Samsung and Ethan Allen; and Partnership Programs, which offers credit card programs for strategic partners like Target and Nordstrom. Similar to CDPP, the CCUL business is one that’s easily relatable if you use a credit card for purchases.

Training, development, and rotations

A Summer Internship Program with an unparalleled experience – where you’ll gain valuable insight into our vision to Build The Better Bank, while also strengthening the core skills and knowledge you’ll need to launch a successful career.
Our 10-week, the non-rotational program consists of:

• A fun-filled, high-energy introduction to TD Bank, America’s Most Convenient Bank®
• A variety of professional experiences and development training
• Extensive networking opportunities and interactions with senior leaders
• A dedicated support network, including a formal peer-mentoring program
• An active role in community service projects
• Opportunity to join TD’s Analyst Program upon graduation and participate in our year-long Action Learning Project

Compensation & benefits

The salary for this role ranges from $34,000 to $38,000. They offer a comprehensive Total Rewards package designed to support your physical, financial, and mental well-being. To support you financially, they offer competitive compensation, pension, retirement savings, employee share ownership plan, employee banking benefits, and discounts. To support your physical well-being, they provide comprehensive benefits and wellness plans, along with tools and resources to best help meet the needs of you and your family. To support your mental well-being, we offer time away from work, flexible work options, performance and service reward & recognition programs, an Employee and Family Assistance Program, mental health awareness training, and emergency childcare.

Career progression

At TD, they believe in employee development. In addition to the regular coaching and feedback provided by their manager, all of their employees have access to on-the-job training and a variety of tools and resources. These include tuition assistance programs, eLearning courses, classroom-based training/workshops, and more. Their Personal Performance and Development Process will help you identify your development goals and career aspirations, and set up an action plan to achieve them. Your People Manager will be there throughout the process, helping you meet – and exceed – performance expectations. We’ll give you the support and resources you need to build your knowledge, hone your skills and gain experience – enabling your professional success.

Work-life balance

The Work-Life Balance at Td Bank is rated an A+ by 94 employees putting it in the Top 5% of similar size companies on Comparably. 75% of Td Bank employees are satisfied with their work-life balance while 50% feel they are burnt out. A well-proportioned work-life balance is necessary to keep employees happy and productive. About 87% of the employees at Td Bank work eight hours or less, while 1% of them have a very long day - longer than twelve hours. The Majority of Td Bank employees are satisfied with their work-life balance.

Culture and Vibe

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected, and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve and creating an environment where every employee has the opportunity to reach their potential.

About you

• Currently in Junior year of college – Pursuing a Bachelor’s degree in Finance, Accounting, Economics, etc.
• Excellent written and verbal communications skills
• Demonstrated leadership ability
• Problem-solving and analytical skills
• Ability to think independently and work collaboratively

How to apply

To apply for this role, click the "Apply on employer site" button on this page.

Sources

• us.prosple.com
• youtube.com
• glassdoor.com
• jobs.td.com
• comparably.com