As part of American Banker’s Most Powerful Women in Banking and Finance program, we have selected five “Top Teams” for 2021. TD Bank is one of the team honorees.
To see the evaluation criteria for the Top Teams category, please scroll to the end.
Headquarters: Cherry Hill, N.J.
Assets: $415.5 billion
Female representation among corporate officers: 29%
Female representation on operating committee: 30%
To increase diversity in its senior ranks, TD launched a “returnship” program in January 2020 to recruit experienced women who took an intentional break from work and get them back on the career track by refreshing their skills. The six-month Career Relaunch program, led by Sarah Cole and Laura Picone, provides job-specific training, networking with senior management and other resources to help the recruits successfully navigate the transition. Each one is paired with a mentor who was a “relauncher” herself. Seven of the nine participants in the first two cohorts have converted to permanent positions. Plans are underway to scale the program enterprisewide.
Another program, Take the L.E.A.D. (short for leadership, engagement, achievement, development), now in its third year, is aimed at developing and advancing women in TD’s commercial bank. It is a yearlong program that includes monthly one-on-one mentoring and group sessions with executives. This year each mentee is being partnered with a male ally for additional guidance and expanded visibility.
The L.E.A.D. program was founded by Rachel Wilner, Emily Stoddard, and Molly Abair, who wanted to help women build the leadership skills needed for executive roles.
Selected executive highlights: