Director, Enterprise Risk

at  TD Bank

JOB DESCRIPTION:

Position Summary: (Overview of key purpose and accountability of the role)

JOB DESCRIPTION

This opportunity requires you to provide regional and functional support in the ongoing enhancement and embedding of an effective Enterprise Risk Management (ERM) Framework in Dublin, in line with Group and regulatory requirements. The successful candidate will be a strong communicator, with both written and visual presentation skills, and with a demonstrated ability to work across the organization on high-profile regulatory deliverables.
This position will appeal to an individual who is comfortable working in an evolving environment, has excellent relationship management, analytical and communication skills, is prepared to take on new challenges, can deliver a high level of quality, and can work well with the broader team, within Risk and outside of Risk in different jurisdictions. The successful candidate will gain an EAP-wide perspective of TDS and exposure to several risk, business, and corporate function groups.
Functional and regional responsibilities are outlined below:

TD POLICY REQUIREMENTS:

It is your responsibility to demonstrate that you are fully aware of and adhere to internal TD Policies that relate to you, your business or other businesses for which you have any level of responsibility.
It is your responsibility to read, understand and comply with TD’s Code of Conduct and Ethics (Code) and corresponding regulations. The Code establishes the standards that govern the way we deal with each other, our customers, shareholders, governments, regulators, suppliers, competitors, the media and the public at large. You will be notified of changes to policies in a timely manner through announcements and/or intranet updates.
You must act with integrity and due skill, care and diligence in carrying out your duties. Your actions should always be able to satisfy high standards of scrutiny.
Management should be kept fully informed at all times of all Regulatory and Compliance issues. You must deal with TD Management, Compliance, regulators and all control functions in an open and cooperative way and must disclose appropriately any information which TD Management, Compliance, regulators or control functions would reasonably expect to know.
You must ensure that you are fully aware of your management reporting lines and escalation procedures.
If you are a Manager/Supervisor you are also responsible for ongoing and effective supervision of the employees under your direction and ensure their adherence to regulatory requirements. You will promptly report to TD Management and Compliance any violation or possible violation of such regulatory requirements identified as part of your supervisory responsibilities.
You must take reasonable steps to demonstrate that you exercise due skill, care and diligence in managing and/or delegating your responsibilities outlined, appropriately.

It is your responsibility to be fully aware of:

• The scope of your management responsibilities.
• The TD Policies and regulatory requirements pertaining to the business/activities you are managing.
• The competence level of the staff, if any, reporting to you.
• The control limits and your ability, if any, to delegate them within your business.
• Demonstrate that you receive adequate and appropriate management reporting.

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.

SPECIFIC RESPONSIBILITIES:

• Primary purpose of role is to provide ERM focused support for the new EU Banking Licencing project, lead the ERM workstream of the Authorisation Assessment Process and provide Risk expertise in the 3 core phases of the application: Exploratory, Draft Application and Application Phase.
• Provide thought leadership and incorporate critical elements of Enterprise Risk Management / Governance into the Draft Application as follows:
• Define the reporting and governance structures that underpin the effective implementation of ERM.
• Preparation of project updates for Risk Committees and Boards e.g., Executive Risk Committees, Board Risk Committees, and Management Committees.
• Connect-the-dots across risk information to convey the entity level risk story, while ensuring alignment in key messages and tone.
• Identify development opportunities to enhance Risk reporting in line with Group requirements and local demands in line with net new requirements as defined by the authorisation assessment process.
• Lead the completion, maintenance and updating of EAP Enterprise Risk programme information and documentation to meet both internal (e.g., Internal Audit) and regulatory requirements.
• Support the implementation of Enterprise Risk frameworks, policies, standards, and procedures in coordination with the Group risk program and as required under the Banking Licence.
• Lead the work to set Risk Appetite (including maintenance of the Risk Appetite Statement) for the new EU Bank entity and develop quarterly monitoring against agreed measures and capture in Executive Risk Committee and Board reporting. Continue to drive the maturity of the risk appetite programme across Dublin.
• Develop and lead the annual production of the Risk Appetite Scorecard to review the EU Bank entity’s performance against the Risk Appetite Statement over time.
• Develop and embed EU Bank entity Risk Identification processes into established processes to inform risk identification and monitoring at senior executive and Board levels. Including but not limited to:
• Quarterly Top, Emerging and Accepted Risk (TEAR) process.
• Annual EU Bank entity Risk Register update
• Support the ongoing and active engagement with SMEs across TDBG/TDS to develop a local view and local expertise of non-traditional risks as applicable to the new EU Bank entity.
• Provide input to the identification of material risks for the EU Bank entity ICAAP Economic Capital assessment and support the TDGF CRO in ICAAP documentation as required.
• Assess and identify areas for improvement in the ongoing roll out of the ERM mandate in the region and as required for the new EU Bank entity.
• Keep abreast of emerging issues, trends and the evolving regulatory requirement and assess the potential impact to the new EU Bank entity.
• General TDGF CRO support as required for ERM and broader risk initiatives.

ROLE REQUIREMENTS:

• Undergraduate degree or technical certificate with relevant experience in Enterprise Risk Management. Individual can embed a deep understanding of enterprise risk management across the entity and support complex regulation-driven projects, supporting the CRO mandate.
• Brings knowledge of banking landscape, strategic risk thinking, products and processes to encourage productive collaboration. Implements functional safeguards and skilled at breaking enterprise risk management concepts down to educate and evolve the understanding of risk management across organisations.
• Exceptional understanding of risk management practices, processes and techniques and expertise in at least one Risk domain i.e., Credit, Market or Operational Risk Management
• An understanding of Capital Markets and key regulatory requirements and their impact on the business such as capital, liquidity and IRRBB.
• Experience in programme / project delivery, preferably with banking licencing applications
• An excellent communicator adept at relationship management and engaging multiple stakeholders across multiple jurisdictions.
• Has an exceptional ability to write and verbalise risk narrative for different audiences at a functional and regional level including translating project requirements into actionable deliverables.
• Microsoft office skills - Proficiency in Microsoft PowerPoint and Excel skills
• Strong organizational skills with excellent attention to detail - ability to manage several deliverables across the spectrum of the licensing project concurrently and support existing BAU practices.

Risk Management Responsibilities:

• Responsible for identifying and reporting Operational Risk Events in accordance with policy
• Responsible, along with all colleagues, to contribute in a positive way to TDGF’s reputation and the management of Reputational Risk. Every employee is expected and required to follow ethical practices at all times, including compliance with applicable policies, legislation and regulations and support positive interactions with TDGF’s stakeholders including clients, industry bodies, industry participants, public bodies, regulators and vendors.
• Responsible for good conduct and for contributing to the identification and management of Conduct Risk within their team and function