AVP, FCRM Business Oversight, Business Banking, Canada

Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
Financial Crime Risk Management

Pay Details:
$155,000 - $215,000 CAD

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:

The AVP, FCRM Business Oversight, Business Banking, Canada leads and manages a team that provides AML advice and effective challenge to all assigned LOBs, employs a risk-based approach to ensuring all applicable AML processes and controls are in place, effective and compliant with corporate policies, regulatory requirements and industry practices.

Individual Role Accountabilities

• Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
• Advises relevant business or functions, including those functions possessing cross-jurisdiction or cross-business segment responsibilities, concerning financial crime risks inherent to the entities, including money laundering ("ML")and terrorist financing risks ("TF"), risk mitigants, control enhancements, and regulatory and policy requirements, and provides effective challenge to strategies, products and services, operations, processes, controls, and clients
• Leads subject matter experts of various seniority levels responsible for advising business line and providing effective challenge to business line
• Advises businesses and functions concerning execution of Risk Assessment methodology business lines or functions, including product and service scoping, inherent risk data collection, control assessments, and reporting
• Provides advice and effective challenge to business lines concerning ML and TD risk management practices, including policies, procedures and processes, to comply with legal, regulatory, policy, and industry practices
• Employs a risk-based approach to assess whether applicable processes and controls exist and are effective and compliant with law, policy, procedures, and industry best practices
• Advises senior FCRM, Risk, and Business management on BAU AML matters, including but not limited to, customer identification, regulatory matters, compliance testing, training, customer due diligence, product and service risks, operational risks, and customer enhanced due diligence
• Reviews reports that assess the effectiveness of business and function systems and controls risks and presents to the Head of Financial Crime Risk Management, the Head of Financial Crime Risk Management-Canada, Legal, Board of Directors, and senior FCRM, Risk, and Business management
• Provides advice and challenge concerning policy and procedural changes as required
• Identifies, analyzes, and recommends process improvements to strengthen compliance with applicable laws and regulations
• Manages regulatory supervisory and Internal Audit examinations, including communication with regulators, and produces written and oral responses to information inquiries
• Models TD Leadership behaviors for those employees and other employees, and coaches relevant employees to assist in achieving defined group objectives and personal and professional objectives
• Effectively communicates the status of the FCRM program to senior management within FCRM and business
• Escalates reports financial crime risk matters to VP, Head of Business Oversight- Canada, and business line and control partners and senior management
• Manages remediation initiatives associated with regulatory, Internal Audit and Testing financial crime remediation plans and provides guidance to business lines concerning regulatory, Internal Audit, and Testing findings
• Manages cross-functional strategic initiatives to identify and assess risks while ensuring controls are effective to mitigate risks across 1st and 2nd lines of defense

Shared Responsibilities

• With Businesses: Identify, assess, control, test and monitor AML risk and controls. Ensure that the Business operates within the AML risk appetite.
• With other Risk partners: Drive an integrated and effective risk management program and culture. Provide AML Compliance perspective into overall Risk Framework.
• With Legal: Provide trusted, objective advice to help the business manage regulatory change and address regulatory compliance risks.
• With FCRM partners -enterprise wide AML issues & initiatives.

Skills, Education & Experience

• Bachelor's Degree or equivalent experience
• Advanced degree, although not required, is highly preferred
• 10+ years of experience previously working in an AML/ATF regulatory, legal or compliance role
• Extensive knowledge of Canadian AML requirements
• Knowledge of personal and commercial, wealth, insurance, and direct channels business lines, products, services and clientele, is highly preferred
• Experience leading a functional or control area in a matrix organization with multiple lines of business
• Ability to influence
• Strong organizational knowledge and proven ability to work effectively in a cross-functional environment is highly preferred
• Prior People Leadership experience
• Strong risk acumen - challenges the status quo; has a sense of where things could go wrong and proactively manages to avoid / minimize the risks
• Proven ability in leveraging deep risk expertise to align teams to a central vision, while also listening and engaging others to provide input in the shaping of that vision
• Skillful communication (written and verbal) and ability to write Board level communications and reports
• Ability to work in ambiguity and decomplexify issues; Strong work ethic and ability to execute with speed
• Experience in sourcing and developing talent to build and lead high-performing, diverse teams and individuals
• Strong people leader who possesses the ability to effectively work in teams across the bank with multiple stakeholders and to influence and align others
• Strong collaborator who engages colleagues, business partners and external stakeholders. Demonstrates negotiation and partnership skills to balance stakeholder input but remains objective to reach the right outcome - ability to stay resilient under pressure
• Robust organizational skills with the ability to work in a fast-paced environment and manage multiple deadlines and priorities

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