Associate, Convertible Bonds - TD Asset Management

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

TD Wealth

Pay Details:

$110,000 - $150,000 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

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:

TD Asset Management (TDAM), a member of TD Bank Financial Group, is a leading North American investment manager offering progressive investment solutions to both institutional and individual investors. For over two decades, the organization has established competitive market positions in active, quantitative, and passive portfolio management.  As of March 31 2026,, TDAM and its affiliates manage over $510 billion  in assets on behalf of pension, insurance, endowment/foundation, and corporate clients, as well as high-net worth clients and retail mutual funds.

In attaining this client commitment, TDAM has built one of Canada’s largest and most respected investment management and research teams with more than 220 Portfolio Managers, Associate Portfolio Managers, Traders and Analysts.

Job Description:

We are seeking an Analyst or Associate, Convertible Bonds, to join the High Yield Credit team at TD Asset Management. The role will focus primarily on supporting the team’s convertible bond strategy while also contributing to the broader research and portfolio management needs of the High Yield team.

Responsibilities include, but are not limited to:

• Perform fundamental research on assigned convertible issuers, including business quality, credit analysis & modelling, equity valuation, management, competitive dynamics, catalysts and downside risks; build and present the investment thesis and recommendation, and monitor it as fundamentals and markets evolve.
• Build and maintain financial models incorporating credit analysis and equity valuation to assess issuer fundamentals and investment outcomes.
• Source, verify, and synthesize financial data, security terms, market developments, and industry information into a clear investment view.
• Value convertible securities using relevant measures including conversion premium, parity, delta, bond floor, yield, spread, and scenario-based return analysis.
• Analyze prospectuses and trust indentures, including conversion terms, calls, puts, covenants, and other relevant structural provisions.
• Contribute to the development and implementation of the team’s convertible bond strategy, including its research, analytical and investment processes.
• Conduct timely analysis of primary-market opportunities and support broader research and portfolio management needs of the High Yield team.
• Manage relationships with sell-side contacts, rating agencies, third-party research providers, and management teams.
• Demonstrate comfort using AI/LLM-based tools and creating value-added research workflows.

Job Requirements:

• Bachelor's degree required; progress toward the CFA designation preferred.
• Relevant investment research experience preferred; level will be based on experience.
• Strong accounting, finance, financial modelling, valuation, writing, and communication skills.
• Experience using Bloomberg and Microsoft Office.
• Experience with convertible bonds, public equities, or high yield credit research is an asset.
• Knowledge and/or interest in the technology sector, including software and AI infrastructure, and biotechnology is an asset.

**We’ll be hiring at either the Analyst or Associate level, depending on the candidate’s experience and qualifications.**

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 strive to make every interaction, product, and experience remarkably human and refreshingly simple for 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 foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

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.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

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
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 (Quebec only):

Sans Objet