R_Summer Analyst Program – Global Markets, Municipals

Job Description

Hours: 40

Compensation: $30.00 – $45.00 USD

As a leading corporate and investment bank, TD Securities offers a wide range of integrated capital markets products and services. Our corporate, government, and institutional clients choose us for our innovation, execution, and experience. With over 7,200 professionals operating in 39 cities across the globe, we work closely with our clients to help them meet their needs today and prepare for tomorrow.

TD Securities is looking for candidates with varying backgrounds and experiences to join our 2027 Global Markets Summer Analyst Program – Municipals and be immersed in our inclusive culture! This ten‑week program runs from early June to mid‑August in person in our offices in New York City.

The program provides summer analysts with two rotations spanning approximately four weeks each with banking and sales and trading teams. As a summer analyst, you will work with seasoned Public Finance bankers and Municipal Sales & Trading professionals and acquire the knowledge and skills necessary to become a Full‑Time Analyst in the municipal finance space.

• Provide analytical, research, and transactional support to the Public Finance team, assisting in the preparation of cash flow modeling and other financial analysis for potential or live capital markets financings.
• Assist bankers in preparing proposals and pitch books for prospective and current clients detailing firm capabilities and financing solutions.
• Gain exposure to the sales and trading of municipal securities and new issue underwriting by shadowing industry veterans.
• Learn how to price municipal bonds and how to hedge and manage risk.
• Learn about algorithmic trading, portfolio trading, ETF creations/redemptions by interacting with TDSAT (TD Securities Automated Trading).
• Takes ownership of assigned tasks and projects, managing assignments through successful completion.
• Stay fully informed on market data and trends, economic information, and key industry developments as well as regulatory standards.
• Develop and maintain relationships with market participants, including lawyers, financial advisors, and issuing clients.

• Pursuing a 4‑year university or college degree with an anticipated graduation date between December 2027 and June 2028.
• Work authorized in the United States without the need for employer sponsorship. For individuals on F‑1 OPT, the program requires a qualifying STEM degree.
• All majors welcome, but significant coursework in a business‑related field is required.
• Compelling interest in and knowledge of the financial markets, particularly in municipal finance.
• Well‑organized and detail oriented.
• Ability to work under pressure with tight deadlines and establish priorities with minimal supervision.
• Results driven, proven academic excellence and strong interpersonal skills.
• High ethical and professional standards.
• Strong financial/analytical skills, knowledge of MS Excel preferred.
• Proactive and highly motivated.
• Able to work effectively in a team environment and independently.
• Demonstrated leadership (e.g., sports, clubs, extracurricular activities, and philanthropy).

Final date to receive applications:
February 1, 2026.

TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.