JOB DESCRIPTION:

The AVP, Compliance, Monitoring & Testing leads the development of the enterprise methodology for monitoring and testing performed by the 2nd line functions . This role will be expected to lead the following:

• Develop and own the methodology for monitoring and testing by 2nd line functions including the strategy for the testing of IT systems that are part of TD’s regulatory environment.
• Working with other second line functions to build the monitoring and testing operating framework.
• Develop a coordinated and ultimately consolidated testing calendar for the 2nd line functions.
• Working in conjunction with the 1st line develop a reliance model that leverages testing and monitoring performed by other teams and is acceptable to the local regulators.
• Integrate testing resources across the Canadian Compliance team.
• Drive the use of RPA and artificial intelligence by the testing functions.
• Develop and enforce standards for an effective risk-mediation process (for example, root-cause analysis and performance tracking) to ensure it addresses root causes of compliance issues rather than just “treating the symptoms”
• Provide thought leadership and input into the strategic vision for the Bank’s approach to perform oversight testing and monitoring throughout all three lines of defense, including the appropriate organization structure and staffing to achieve the strategy.
• Lead and oversee the day to day effectiveness of the centralized Compliance testing team including the Branch Review program.
• Establish a new enterprise center of excellence for monitoring and testing within Global Compliance, developing a team of subject matter experts with a diverse skill set (testing, analytics, business and regulatory knowledge).
• Lead second line of defense coordination for testing and monitoring by working in close partnership with other second line stakeholders (e.g. Compliance, Risk, FCRM, HR).
• Develop Board reporting on monitoring and testing trends, key issues and action plans
• Participate on executive committees as appropriate to effectively guide strategic direction and decision making.

Qualifications

• Leadership capabilities to drive and implement change; carry out TD’s People Strategies to attract, retain, develop and engage a highly qualified team; and continue to evolve Compliance Program
• Strong Leadership and People Management experience and skills
• Expert communicator and relationship builder, with ability to work independently, think critically and make decisions
• University degree required: Post Graduate degree preferred
• Relevant training and industry certification
• Regulatory experience and experience in compliance or risk management programs is highly-desirable, with preference for candidates who can demonstrate development of program elements and/or implementation of regulatory change management
• Demonstrated excellence in business presentation skills including verbally, in writing, and in management report generation required
• Experience in retail wealth management or securities compliance
• Experience in Project Management discipline is considered an asset.
• Strong sense of personal ownership for effectively bridge technical and non-technical disciplines and stakeholders, and track record of doing so
• Familiarity with regulations and compliance strategies and risk management; possesses and demonstrates expertise in the advisory, policy, change management, project management and operations
• Highest personal and professional integrity and standards to advance TD’s vision and protect the brand
• Strong verbal and written communication skills, including public speaking/presentation skills and well developed listening and negotiation skills at all levels
• Advances TD’s leadership development, colleague experience & diversity agenda
• Strong relationship building and negotiation skills and the ability to interact with sensitivity and leadership to advance and influence the culture Compliance aims to promote
• Transparent communicator and respected TD representative, both internally and externally
• Demonstrates ability delivering on objectives, focusing on what matters
• Demonstrates strong problem solving & analytical skills, including the ability to comprehend a situation by breaking it down into its components and identifying underlying issues

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.

• Develop and own the methodology for monitoring and testing by 2nd line functions including the strategy for the testing of IT systems that are part of TD’s regulatory environment.
• Working with other second line functions to build the monitoring and testing operating framework.
• Develop a coordinated and ultimately consolidated testing calendar for the 2nd line functions.
• Working in conjunction with the 1st line develop a reliance model that leverages testing and monitoring performed by other teams and is acceptable to the local regulators.
• Integrate testing resources across the Canadian Compliance team.
• Drive the use of RPA and artificial intelligence by the testing functions.
• Develop and enforce standards for an effective risk-mediation process (for example, root-cause analysis and performance tracking) to ensure it addresses root causes of compliance issues rather than just “treating the symptoms”
• Provide thought leadership and input into the strategic vision for the Bank’s approach to perform oversight testing and monitoring throughout all three lines of defense, including the appropriate organization structure and staffing to achieve the strategy.
• Lead and oversee the day to day effectiveness of the centralized Compliance testing team including the Branch Review program.
• Establish a new enterprise center of excellence for monitoring and testing within Global Compliance, developing a team of subject matter experts with a diverse skill set (testing, analytics, business and regulatory knowledge).
• Lead second line of defense coordination for testing and monitoring by working in close partnership with other second line stakeholders (e.g. Compliance, Risk, FCRM, HR).
• Develop Board reporting on monitoring and testing trends, key issues and action plans
• Participate on executive committees as appropriate to effectively guide strategic direction and decision making