Community Dev Corp NMTC Compl Mgr

TD Bank•Greenville, SC

1d•$115,440 - $173,160

About The Position

The Community Development Corporation New Markets Tax Credit (NMTC) Compliance Manager ensures that TDCDC is in full compliance with all regulations set forth by the CDFI Fund for the NMTC program and all TD Bank corporate governance and credit policies. The Community Development Corporation NMTC Compliance Manager is responsible for the asset management of TDCDC’s portfolio, including, but not limited to, sourcing, underwriting, structuring, closing, boarding and servicing all new and existing TDCDC investments. This Compliance Manager role supports TDCDC’s activities across the New Markets Tax Credit (NMTC) Program, Small Business Investment Company (SBIC) Program, and Mission Driven Financial Institutions (MDFI) platforms, ensuring regulatory compliance, financial integrity, and operational discipline across all lines of business. The TDCDC Compliance Manager is responsible for end‑to‑end compliance, reporting, and operational oversight for TD Community Development Corporation’s investment and lending activities across NMTC, SBIC, and MDFI programs. This role manages all annual, quarterly, and transaction‑level regulatory and tax reporting to the CDFI Fund and other regulators, coordinates subsidiary CDE tax returns, oversees agreed‑upon procedures and audit engagements, and serves as the primary liaison for internal and external audits, SOX, Volcker, IRS, and bank compliance testing. The Compliance Manager partners closely with finance, tax, legal, operations, and deal teams to ensure proper structuring, booking, flow of funds, consolidations reporting, and ongoing asset monitoring, while maintaining operating procedures, governance records, entity documentation, and master data. The role also supports transaction closings, treasury activities, vendor management, and governance committees, and drives strategic initiatives to strengthen controls, streamline processes, modernize reporting, and enhance systems and compliance infrastructure across TDCDC.

Requirements

4 Year Degree or equivalent experience
3+ years of investment or lending experience needed
Strong knowledge of tax credit investment programs and related state and federal regulations, including CRA, IRS, New Market Tax Credit (NMTC) and other regulations
Strong understanding of commercial business development techniques and credit decisions
Knowledge of commercial lending practices
Strong credit and financial analysis skills
Experience building strong business relationships both internally and externally
Successful negotiation experience
Excellent overall communications skills, with ability to work with a wide range of people
PC skills

Responsibilities

Qualifies and screens potential projects that are sourced by the President/Sales Marketing Directors
Manages the NMTC application process (150 pages on an annual basis for NMTC funding - previously completed by external attorneys)
Engages 481 Corp. and Community Capital Group as necessary
Approves closing documentation for program compliance and reporting requirements
Manages the booking details to proper booking in the Shaw system by the CLS team
Manages the loan operations process to ensure proper booking and assists with the setting up "participation" records on serviced deals as needed
Manages the accounting process to ensure proper tax and accounting treatment of each loan booked
Manages the financial management reporting process to ensure proper treatment of each NMTC investment
Reviews closing documentation for program compliance and reporting requirements
Assists CLS with booking details to ensure proper booking in the Shaw system
Coordinates with loan operations to ensure proper booking and assists with setting up “participation” records on serviced deals as needed
Coordinates with accounting to ensure proper tax and accounting treatment of each loan booked
Coordinates with financial management reporting to ensure proper treatment of each NMTC investment
Monitors the timing of investments to ensure compliance with tax credit regulations
Completes various NMTC compliance documentation for files, including but not limited to, Flex Terms Documentation, Community Benefit Analysis Form and LIC Worksheet
Monitors loan and servicing fee payments
Ensures accurate filing of all paperwork in loan files and eRoom
Manages and completes reporting to regulatory agencies, including quarterly and annual web based transaction compliance and maintenance of paper files in accordance with Policies and Procedures, such as: Quarterly ARRA Report to CDFI Fund for 2009 Allocation, Annual Transaction Level Report to CDFI Fund, Annual Institution Level Report to CDFI Fund, Tax Return of CDE to CDFI Fund
Engages tax advisors to complete Subsidiary CDE tax returns and reviews for accuracy
Coordinates with Corporate Tax and Accounting to prepare annual TD Community Development Corporation tax return and reviews for accuracy
Completes Certification of Material Event Forms as needed
Coordinates with lender, accounting, and tax advisors as appropriate
Coordinates with the collection of financial records from customers to ensure compliance with loan documentation as well as program compliance
Collects and files Annual Borrower Questionnaires and Compliance Certificates from all customers
Follows up with clients to track reporting for loan agreement and program compliance
Procures qualified equity investments as each project is closed
Prepares marketing material, call presentations, etc.