JOB DESCRIPTION:
Position: Director, Global Markets Oversight, US FCRM TDS Business Oversight
Reports to: AVP, Head of FCRM Oversight, TD Securities, US
POSITION SUMMARY
The U.S. FCRM TDS Business Oversight team supports TD Securities in developing, implementing, and maintaining a robust financial crime risk management ("FCRM") program that meets regulatory requirements and mitigates financial crime risk. This involves providing guidance on regulatory compliance, close partnership with business and legal, and operationalizing requirements and regulations for the Wholesale business. The team provides oversight and advice across the full spectrum of TDS customers, products, transactions, and FCRM-related processes. The team mandate includes regulatory compliance, program remediation, risk management, and program development. Key components are:
- Design, implement, enhance and maintain the TDS U.S. FCRM program.
- Advise TDS Operations and other 1st line support functions on interpretation of and compliance with applicable financial crime laws, regulations, and guidance.
- Provide oversight of, and credible challenge to, the first line of defense.
- Provide customized training and to ensure that employees remain informed about changes in financial crime regulations and emerging money laundering typologies.
- Assess and opine on financial crime risks of new products and mandates.
The Director, Global Markets Oversight, is responsible for supporting the firm’s FCRM program and plays a key role within U.S. FCRM TDS Business Oversight.
QUALIFICATIONS/SKILLS/EXPERIENCE
- Excellent verbal and written communicator with detailed oriented nature and strong editing skills.
- Bachelor’s degree required (exceptional candidates demonstrating an equivalent combination of relevant education and experience will be considered).
- Graduate level study preferred.
- 10 or more years of knowledge and experience in AML compliance including within Wholesale financial services, preferably with a major US financial institution.
- Must be an expert in all aspects of financial crime risks and controls across a range of Global Markets activity, to include equities, fixed income, foreign exchange, commodities, and derivatives.
- Strong preference for candidates with experience of transformation or other change initiatives.
- Demonstrated knowledge of and experience overseeing transaction banking products is highly desirable.
- Ability to identify and evaluate potential risks to the Firm and escalate accordingly.
- Strong project management and strategic thinking skills.
- Proficiency with Microsoft Word, Excel and PowerPoint.
The AML Advisory job family consists of Global Anti-Money Laundering (GAML) teams that act as trusted advisors to assigned Business Lines and Corporate Office areas. These teams also act as the primary contact providing ongoing counsel and support on Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) matters. The Advisory team supports the AML compliance framework by providing guidance to, and oversight of, the Business’ implementation of current Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) polices and standards. The GAML teams ensure that Business Lines’ AML/ATF program activities align with TD’s corporate risk philosophy and strategic direction.
EDUCATION & EXPERIENCE:
- Undergraduate degree
- 10+ years relevant experience
CUSTOMER ACCOUNTABILITIES:
- Provides strategic direction on a broad and diverse range of complex AML/Sanctions/ABAC program activities
- Determines and decides policy and/or action based on internal and external industry developments for AML Programs
- Proactively advises the business of new and changed AML regulatory and/or policy changes and articulates the impact to their processes and controls
- Contributes to the development and implementation of AML Compliance programs related to all aspects of AML and ATF laws
- Works with senior business unit management/partners to develop proactive strategies, tactics, policies and programs to effectively manage regulatory/compliance issues
- Meets with business partners and business leaders to determine AML strategies and helps to direct the compliance culture
- Provides insight, guidance and recommendations on AML subject matter, regulatory and industry issues and acts as a specialized resource to other departments based on subject matter expertise, including but not limited to: Customer identification and due diligence, enhanced due diligence, policy, governance, training and/or compliance assurance and testing
- Provides oversight on day-to-day operations of the department and participates in enterprise-wide and/or Customer-focused special projects on behalf of the DGAMLO team
- Delivers relevant subject matter expertise and AML/ATF advice to business management
- Maintains oversight (via review and approval) of all functions and accountabilities related to management reporting and analysis
- Coordinates the DGAMLO team’s participation in/responses to regulatory examinations and internal/external audits, reviewing, packaging and tracking and providing information for department executive
SHAREHOLDER ACCOUNTABILITIES:
- Develops and oversees the implementation of business line policies and DGAMLO team procedures
- Works closely with leaders to develop and operationalize the business plan and deliver on AML/ATL/Sanctions/ABAC programs across the enterprise
- Plans and executes on strategic activities, reviews and communicates results and adjusts tactics accordingly
- Proactively identifies key business opportunities, researches and recommends enhancements/modifications, develops strategies to achieve recommendations and works closely with team to execute and implement
- Understands TDBG issues/parameters and guides others to protect the reputation and interests of TDBG by adhering to operating standards and processes related to AML/Sanctions/ABAC
- Coordinates and supports team and business AML/ATF related activities as necessary
- Provides oversight on enterprise-wide annual risk assessment process as required
- Protects the interests of the organization – identifies and manages risks, and escalates non-standard, high-risk transactions/activities as necessary
- Keeps current on emerging issues, trends and evolving regulatory requirements and assesses potential impacts
- Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite
- Liaises with regulatory and law enforcement agencies on AML examinations and related inquiries
- Helps to ensure that employees are building and enhancing their knowledge and expertise; employees assume responsibility in minimizing operational and regulatory risk by complying with Bank policy and Code of Conduct
EMPLOYEE/TEAM ACCOUNTABILITIES:
- Contributes to the development of business line and/or enterprise functional strategic priorities within operational area or field of specialty
- Shares knowledge, information, skills and subject matter expertise among the team and ensures the timely communication of issues; encourages good working relationships with other functions and teams
- Supports an environment where team freely escalates business challenges; facilitates change through positive reinforcement of milestones and successes
- Helps to establish and foster a cohesive team; promotes a fair and equitable environment that supports a diverse workforce and encourages the team to achieve common goals and objectives
- Acts as a brand ambassador for your business area/function and the Bank, both internally and/or externally
PHYSICAL REQUIREMENTS:
Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
- Domestic Travel – Occasional
- International Travel – Occasional
- Performing sedentary work – Continuous
- Performing multiple tasks – Continuous
- Operating standard office equipment - Continuous
- Responding quickly to sounds – Occasional
- Sitting – Continuous
- Standing – Occasional
- Walking – Occasional
- Moving safely in confined spaces – Occasional
- Lifting/Carrying (under 25 lbs.) – Occasional
- Lifting/Carrying (over 25 lbs.) – Never
- Squatting – Occasional
- Bending – Occasional
- Kneeling – Never
- Crawling – Never
- Climbing – Never
- Reaching overhead – Never
- Reaching forward – Occasional
- Pushing – Never
- Pulling – Never
- Twisting – Never
- Concentrating for long periods of time – Continuous
- Applying common sense to deal with problems involving standardized situations – Continuous
- Reading, writing and comprehending instructions – Continuous
- Adding, subtracting, multiplying and dividing – Continuous
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.
WHO WE ARE
TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.
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