Vice President & Director Investment Funds Tax – TD Asset Management

  • Full Time
  • Toronto

TD Bank

Work Location:

Toronto, Ontario, Canada



Line of Business:

TD Wealth

Pay Details:

We’re committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.

Job Description:

TD Asset Management Inc. (“TDAM”), a member of TD Bank Group, is a North American investment management firm.

TDAM offers investment solutions to corporations, pension funds, endowments, foundations and individual investors. Additionally, TDAM manages assets on behalf of almost 2 million retail investors and offers a broadly diversified suite of investment solutions including mutual funds, professionally managed portfolios and alternative investments (including real estate, infrastructure and private debt).

Asset management businesses at TD manages $410 billion in assets (as of December 31, 2023).

The Investment Funds Tax team is responsible for all tax matters including tax compliance, research, advocacy and issue resolution.

Position Summary: The Vice President & Director leads the Investment Funds Tax team and is a subject matter expert. There are more than 260 funds including mutual funds, pooled funds, segregated funds, limited partnerships, exchange traded funds and a mutual fund corporation administered by a third-party administrator.

This position manages 1 direct report and reports to the Associate Vice President, TDBG.

The Key Responsibilities / Duties :

Provides expertise to the firm/bank and colleagues on all technical tax matters for investment funds. This may include tax matters related to product structuring globally, use of complex financial instruments, acquisition and disposition of investments (including providing input and guidance on transactions in the alternative investment portfolios) and implementation of complex investment strategies.
Oversight of the fund administrator in their preparation of the distribution calculations and certain tax returns.

Reviews the tax treatment of complex transactions and ensures proper entries and elections were made.
Primary contact for the external tax advisors. Allocates work, oversees and monitors their performance.

Mitigates tax risks.
Responsible for tax research, analysis and implementation of required tax planning and compliance matters for investment funds operating in multiple jurisdictions globally. This may include leading tax related projects that would enable efficient and effective tax compliance.
Collaborates with management across all departments to resolve tax related matters.

Synthesize and communicate complex technical tax matters in plain language for greater clarity and understanding. This includes providing appropriate tax training to enable management to make informed decisions on non-complex tax matters.
Analyses the impact of new tax legislations and modifies/implements new processes and controls to address such changes.
Handle client related technical tax inquiries and client communication.
Maintains appropriate policies and procedures.

Maintains proper audit trail to support tax positions.
Responsible for talent management, including hiring, coaching, mentoring and developing team members (and colleagues).
Review the tax disclosures in the funds’ prospectuses, financial statements and other regulatory documents.
Handles tax analysis and tax compliance oversight for product restructuring including terminations and fund mergers.
Primary contact for Canada Revenue Agency.
Handles audit support for internal and external auditors.
Represent TD in industry tax committees (IFIC, IIAC, CETFA).

Work Experience / Knowledge :

Demonstrated tax expertise with hands on experience in a high volume, deadline driven environment. Self-starter and able to navigate in a large organization to coordinate within and across departments to deliver solutions.
At least 8 years minimum tax experience is required.

Relevant tax experience in investment funds and M&A are required.
Deep experience in investment funds taxation, tax treatment of complex financial instruments and strategies. Ability to deal with ambiguity.
Broad global tax research skills and experience.

Strong problem solver.
Solid understanding of NI-81-102 and other relevant security regulations is an asset.
Strong communication, collaboration and relationship building skills.
Demonstrated success in people management and development .

Formal Education and Certification:

Completion of the CICA In-Depth Tax Course, Master of Taxation or equivalent experience required
Chartered Professional Accountant or equivalent is highly preferred.

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.

The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.

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 deliver legendary customer experiences to 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 the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing.

As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential.

Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

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 a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. 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.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

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.

Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement: