Associate Vice President, Financial Crime Risk Management, Regulatory Management

at  TD Bank

DEPARTMENT / POSITION OVERVIEW:

The TD Global Financial Crime Risk Management department is accountable for establishing TD’s Global Anti-Money Laundering (AML), Anti-Terrorist Financing (ATF), Economic Sanctions and Anti-Bribery/Anti-Corruption (ABAC) (collectively, Financial Crime Risk Management) program to ensure that all TD businesses adhere with AML/ATF/Sanctions/ABAC 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/ATF/Sanctions/ABAC 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 AML officer functions; enterprise-wide and specialized AML training of employees; and independent AML testing.

JOB DESCRIPTION / ACCOUNTABILITIES:

Reporting to the Vice President, FCRM, Risk and Business Controls, this AVP oversees Regulatory Management including support on regulatory remediation, regulatory examination management, regulatory requests and deliverables.

The general accountabilities of this role include but are not limited to the following:

• Supports the Vice President, FCRM, Risk and Business Control Programs in the management and delivery of all regulatory requests, regulatory remediation processes, regulatory examinations, reports and deliverables.
• Manages and oversees all Canadian regulatory examinations, regulatory monitoring meetings and/or targeted reviews as well as ad hoc requests for Financial Crimes Risk Management
• Implements and operationalizes effective and efficient processes to manage all regulatory requests
• Oversees preparation of high quality, substantive, timely written responses to all regulatory requests and examination reports and works with relevant stakeholders to obtain information/documentation to respond to regulatory requests
• Supports and leads quarterly and ad hoc meetings with Canadian regulators as well as managing deep dive/topic specific meeting requests
• Manages and oversees regulatory remediation processes including review of deliverables
• Partners with internal stakeholders for challenge and validation of remediating actions for regulatory exam findings
• Identifies mitigating facts and circumstances (as applicable) to rebut issues identified during examinations or other engagements.
• Provides regular examination status updates and contributes to internal reporting and tracking related to examinations and regulatory findings.
• Provides regular updates to the Chief AML Officer and other senior leaders on regulatory matters including timely escalation and resolution of potential issues
• Prepares personnel (and senior management) for meetings with regulators, including drafting written documents and leading internal prep meetings.
• Coordinates and lead meetings with regulators. Prepare timely meeting summaries and manages follow up requests.
• Contributes to the strategy and long-term planning activities for Financial Crime Risk Management
• Fosters a continuous improvement mindset and proposes enhancements to the program informed by industry trends and best practices.
• Collaborates with stakeholders as required

OTHER QUALIFICATIONS/SKILLS/EXPERIENCE:

• Deep expertise in Anti Money Laundering, Anti-Terrorist Financing and Sanctions
• Strong risk acumen – challenges the status quo; has a sense of where things could go wrong and proactively manages to avoid / minimize the risks
• Skillful communication (written and verbal) and ability to write senior executive level communications and reports
• 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
• Ability to work in ambiguity and decomplexify issues; Strong work ethic and ability to execute with speed
• Recruits top talent; manages and motivates a diverse group of professionals
• 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
• Strong knowledge of the AML regulatory environment in Canada is a requirement

SPECIFIC EDUCATIONAL REQUIREMENTS:

• Undergraduate degree required; Post Graduate degree preferred

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.

• Supports the Vice President, FCRM, Risk and Business Control Programs in the management and delivery of all regulatory requests, regulatory remediation processes, regulatory examinations, reports and deliverables.
• Manages and oversees all Canadian regulatory examinations, regulatory monitoring meetings and/or targeted reviews as well as ad hoc requests for Financial Crimes Risk Management
• Implements and operationalizes effective and efficient processes to manage all regulatory requests
• Oversees preparation of high quality, substantive, timely written responses to all regulatory requests and examination reports and works with relevant stakeholders to obtain information/documentation to respond to regulatory requests
• Supports and leads quarterly and ad hoc meetings with Canadian regulators as well as managing deep dive/topic specific meeting requests
• Manages and oversees regulatory remediation processes including review of deliverables
• Partners with internal stakeholders for challenge and validation of remediating actions for regulatory exam findings
• Identifies mitigating facts and circumstances (as applicable) to rebut issues identified during examinations or other engagements.
• Provides regular examination status updates and contributes to internal reporting and tracking related to examinations and regulatory findings.
• Provides regular updates to the Chief AML Officer and other senior leaders on regulatory matters including timely escalation and resolution of potential issues
• Prepares personnel (and senior management) for meetings with regulators, including drafting written documents and leading internal prep meetings.
• Coordinates and lead meetings with regulators. Prepare timely meeting summaries and manages follow up requests.
• Contributes to the strategy and long-term planning activities for Financial Crime Risk Management
• Fosters a continuous improvement mindset and proposes enhancements to the program informed by industry trends and best practices.
• Collaborates with stakeholders as require