THE IDEAL CANDIDATE:
The ideal candidate will thrive in a fast-paced, start-up-like setting as we build a new compliance structure that aligns with the bank’s size, complexity, and risk profile. In this role, you’ll need to be strategic, tactical, collaborative and creative in your approach. You will manage day-to-day operations while also helping design and implement a forward-thinking compliance program for the future.
Beyond technical expertise, we’re looking for someone with an entrepreneurial mindset—someone who can “roll up their sleeves”, takes the initiative and can anticipate needs before they arise. A comfort level with ambiguity and the ability to excel in a dynamic, evolving landscape are essential as the US Compliance team redefines the bank’s compliance program and structure.
Most importantly, the right candidate is seeking an intellectual challenge, has a desire to learn, and is committed to building something impactful from the ground up. At TD Bank, you’ll have the unique opportunity to help shape the future of the bank while collaborating with a team of enthusiastic colleagues dedicated to setting new industry standards.
IN THIS POSITION, THE COMPLIANCE SPECIALIST WILL BE SUPPORTING THE WEALTH BANKING, TD WEALTH MANAGEMENT SERVICES, INC AND INVESTMENT & TRUST BUSINESS LINES ENSURING EMPLOYEES ARE FOLLOWING PROCEDURES AND COMPLYING WITH APPLICABLE REGULATIONS. THE POSITION REQUIRES AN ABILITY TO WORK BOTH INDIVIDUALLY AND AS A TEAM, STRONG ANALYTICAL SKILLS, ATTENTION TO DETAIL AND THE ABILITY TO DELIVER QUALITY WORK IN A FAST-PACED ENVIRONMENT. THE POSITION WILL BUILD, RUN AND MAINTAIN A SUSTAINABLE U.S. WEALTH COMPLIANCE FUNCTION THAT EFFECTIVELY MANAGES AND OVERSEES REGULATORY COMPLIANCE RISK AND CONDUCT RISK IN U.S. WEALTH BUSINESSES BY:
- Assessing regulatory compliance risk and conduct risk within the U.S. Wealth businesses;
- Independently testing, monitoring and assessing the adequacy of, adherence to and effectiveness of Compliance Management System (CMS) programs and controls in the business units throughout U.S. Wealth businesses;
- Delivering independent challenge and objective guidance to business units;
- Proactively managing regulatory change;
- Establishing and maintaining, or providing oversight of and challenge to, policies designed to meet regulatory requirements and manage regulatory compliance risk and conduct risk;
JOB SUMMARY:
The Senior Compliance Business Oversight Analyst provides objective guidance, support and advice to assigned portfolio, business or function to promote strong Compliance controls and processes are in effect to mitigate inherent associated risks. This role contributes to the development and implementation of Compliance programs related to all aspects of Compliance laws.
EDUCATION & EXPERIENCE:
- Undergraduate degree or equivalent work experience
- 5+ years of experience
PREFERRED BACKGROUND & EXPERIENCE
- Experience working in an integrated wealth business as a bank subsidiary, a focus on securities investment management and fiduciary activities, state insurance regulatory requirements and securities regulatory requirements for activities involving the recommendation or sale of non-deposit investment products (NDIP) to retail bank customers is preferred.
- Experience in leading initiatives that enhance processes for better resource management and performance
- Ability to manage multiple competing deliverables and changing priorities
- Experience in analyzing data to create trend reporting.
- Knowledge and experience within compliance or audit, legal and regulatory environment, enterprise governance framework, products and services, policies, standards, systems, reporting and training requirements a plus.
- Knowledge of current and emerging trends, including regulatory expectations and standards for effective compliance management systems
- Ability to research, interpret and summarize relevant regulatory expectations, laws, regulations and impacts to Compliance Program elements
- Skill in using computer applications including MS Office Suite
- Ability to independently identify, assess, and escalate issues requiring senior management attention
CUSTOMER ACCOUNTABILITIES:
- Assists in the development and implementation of appropriate Compliance policies, processes and controls
- Facilitates the periodic Compliance risk and self-assessment activities for designated business using TD’s Enterprise Compliance Risk Assessment Framework
- Monitors that assessments (monitoring, risk assessment etc.) are completed and communicated in a continuous and timely fashion
- Guides and complements the assigned portfolio in terms of financial, regulatory and risk management requirements
- Interacts with control functions within the organization
- Develops analysis and insights, prepares and delivers management reporting necessary to promote accurate and thorough measurement of the risk factors present in various products
SHAREHOLDER ACCOUNTABILITIES:
- Updates business line policies and Compliance Team procedures
- Analyzes Compliance requirements and establishes they are properly written into requirements for business projects and approved at the appropriate levels
- Works directly with business management, and with internal and external business partners (e.g., Internal Audit, external consultants) to respond to regulatory requests, findings, audits and/or examinations Keeps abreast of emerging issues, trends, and evolving regulatory requirements in the Compliance industry and assesses potential impacts
- Coordinates with other Compliance partners and business governance and control partners to promote consistency in the application of Compliance programs and standards across the enterprise
- Supports in determining risk exposure, mitigation, and controls for new products, marketing campaigns, and expansion of existing programs
- Conducts enterprise wide annual risk assessment for all TD businesses
- Supports the business lines with compliance/risk controls and periodically evaluates risk mitigation efforts to adjust as risk/department influences change
- Protects the interests of the organization – identifies and manages risks, and promotes the prompt and thorough resolution of escalated non-standard, high risk issues
EMPLOYEE/TEAM ACCOUNTABILITIES:
- Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and promotes timely communication of issues/points of interest
- Provides thought leadership and or industry knowledge for own area of expertise and participates in knowledge transfer within the team and business
- Keeps current on emerging trends/developments and grows knowledge of the business, related tools and techniques
- Participates in personal performance management and development activities, including cross training within own team
- Keeps others informed and up-to-date about the status/progress of projects and/or all relevant or useful information related to day-to-day activities
- Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices
- Leads, motivates and develops relationships with internal and external business partners/stakeholders to develop productive working relationships.
- Contributes to a fair, positive and equitable environment that supports a diverse workforce
- 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 – Never
- 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.
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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.
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