Senior AML Financial Crime Risk Oversight Specialist

Job Responsibility:

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Financial Crime Risk Management

Pay Details:

We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.

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Department Overview:

The TD Global Financial Crime Risk Management (FCRM) department is accountable for establishing TD's Global Anti-Money Laundering, Anti-Terrorist Financing, Economic Sanctions and Anti-Bribery/Anti-Corruption (collectively, AML) program to ensure that all TD businesses adhere with FCRM regulatory expectations in all jurisdictions where TD operates. This includes setting consistent standards across business segments that may be further tailored to specific business or jurisdictional requirements; conducting periodic enterprise-wide AML risk assessments; maintaining the Global AML Policy (including Know Your Customer and Enhanced Due Diligence, record keeping & retention requirements); currency transaction and suspicious transaction monitoring and reporting; screening TD customers against regulatory watch lists; a hierarchy of designated FCRM officer functions; enterprise-wide and specialized FCRM training of employees; and independent FCRM testing.

Financial Crime Risk Management (FCRM) Governance and Road to Strong (RTS) team designs, develops, and implements an effective governance framework for the FCRM Program through the Enterprise RTS Program. The Enterprise RTS Program aims to strengthen the governance and control environment for financial crime risk in Canada and TDS and to promote a strong culture of risk awareness across the Bank.

The RTS Governance Team:

• Accountable for Governance chapter deliverables under the Enterprise RTS Program.
• Leads the implementation of the newly developed FCRM Target Operating Model in Canada and TDS.
• Establishes the governance framework for FCRM
• Develops the requirements for the oversight of AML / Sanctions/ Anti-Bribery and Anti-Corruption by first line. Governance & Control functions contained within the Bank's 1B Mandate.
• Develop 2A standard for the FCRM Program to manage, monitor and report on financial crime risk.
• Establish consistent processes for timely escalation of suspicious activity and significant investigations reporting to Senior Management and the Board.
• Implement a Quality Assurance (QA) and Quality Control (QC) standard and process to assess the effectiveness of the controls to mitigate financial crimes risk for the 1stLine.
• Augment 2nd Line testing program to assess the effectiveness of the controls for financial crime risk identifying areas that require attention and informing remediation efforts.

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The Senior Manager , Governance and Road to Strong will report to the AML Vice-President, Governance and Road to Strong.

Senior Manager, RTS will lead and develop FCRM governance structure to provide effective oversight and challenge over financial crime risk at TD, and is responsible for planning, developing, and implementing RTS Strategy and TOM. This includes engagement with Senior leadership and challenge committees. In addition, engages with RTS project team, Business Lines, and other internal stakeholders to collaborate and execute on RTS deliverables.

The specific accountabilities include the following:

• Leads the execution of key deliverables within Governance Chapter of Enterprise RTS Program with a focus on standing up the enhanced governance framework to effectively manage financial crime risk in accordance with the Bank's risk appetite.
• Drafts proposals, standards, and guidelines to define enhanced governance for FCRM Program, including defined reporting lines, feedback loop, and escalations to Senior Management
• Leads elements of strategic planning and execution of Chapter 1 of the Enterprise RTS Program and implementation of Target Operating Model.
• Establishes and develops effective relationship with Senior Management, business lines, and internal stakeholders to manage interdependencies and ensure alignment with different RTS chapters.
• Identifies mitigating facts and circumstances to respond to potential issues identified during the examination, pre-exam sessions and post exam sessions.
• Provide advisory support to deliverables impacting business lines and other corporate partners.
• Ownership of key deliverables within Chapter 1 of Enterprise RTS Program.
• Act as subject matter expertise to provide insight, guidance, and recommendation on RTS deliverables and FCRM issues, regulatory and industry issues.
• Keep current on emerging issues, trends, and evolving regulatory requirements and assess potential impacts.
• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite.

Job Requirements: Other Qualifications/Skills/Experience:

• Bachelor's degree or relevant industry or risk and compliance management experience and/or accreditation.
• 10+ years of experience with one or more of the following:
  • Risk, Governance and Control functions
  • Internal Audit
  • Project management
• Strong risk and compliance management experience, particularly in understanding the development of and implementation of risk initiatives.
• Ability to thrive within an environment with a high level of ambiguity.
• Organizational awareness and demonstrated relationship building skills, with a superior ability to make things happen through the use of positive influence.
• Strong organization skills, with the ability to work in a fast-paced environment and manage multiple deadlines and priorities.
• Skillful communication (written and verbal), negotiation and conflict management skills.
• Ability to influence people and deal with conflicting points of view and to effect creative and responsive solutions.
• Excellent analytical skills with the ability to synthesize information into key messages for executive reporting and communications.
• Promote positive team interactions and bring a high level of enthusiasm.

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 deliver legendary customer experiences to 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 the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing - and so will you.

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. 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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.

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:

N/A.