JOB DESCRIPTION:
The Financial Crime Risk Management (FCRM) Testing Team sits within the second line of defense and conducts design and operating effectiveness testing of AML/ATF, Sanctions, and ABAC controls (collectively referred to as “FCRM Controls") Enterprise-wide.
The Pre-Completion Testing (PCT) Team within FCRM Testing is responsible for the review of Regulatory Issues to verify and validate that the appropriate remedial actions have been taken to address the issues raised. The pre-completion testing is done at the design and operating effectiveness level prior to final submission to Internal Audit.
The Senior FCRM Testing Analyst – PCT Validations is responsible for conducting PCT validation testing of regulatory issue remediation activities. The position may assume leadership of the engagement and have responsibility for completion of testing phases. The position will develop test plans, and attributes, execute testing activities and monitor progress of the engagement.
JOB REQUIREMENTS:
- University degree or equivalent work experience
- Relevant professional designations and/or certifications preferred (ex. CAMS)
- 4+ years of relevant experience working in a challenge function (e.g., Internal Audit, ORM, Risk Oversight) within the financial services industry
- In depth knowledge of AML/ATF regulations (PCMLTFA and associated Regulations), financial crime typologies, and control frameworks
- Strong interpersonal skills to facilitate working with business unit, FCRM advisory, senior management, and business partners at all levels.
CUSTOMER ACCOUNTABILITIES:
- Execute testing engagement work in accordance with established standards to achieve completion within targeted timelines
- Conduct analytical research and analysis as part of the assigned testing objectives
- Work collaboratively with key partners throughout the testing engagement
- Stemming from testing findings, present objective and independent opinion on the adequacy of remedial work in accordance with regulatory and internal requirements.
- Provide subject matter expertise on FCRM controls and processes and/or input to projects/initiatives as a representative for area of the FCRM testing function
- During the execution of testing activities, proactively identify matters which require additional attention, further escalation, or review, and liaise with the appropriate groups to resolve.
SHAREHOLDER ACCOUNTABILITIES:
- Prioritize and manage own workload to deliver quality results and meet assigned timelines
- Contribute to the analysis, due diligence, and implementation of initiatives within defined area of responsibility
- Adhere to internal policies, standards and procedures, methodologies, and applicable regulatory requirements to contribute to the review of internal processes and activities and assist in identifying potential opportunities to improve FCRM controls
- Understand the operations of the business unit/area being tested and to identify potential FCRM risks and apply information to complete a quality, risk-based engagement
- Clearly and concisely document research as required to understand requirements specific to an engagement
- Actively manage relationships within and across various business lines, corporate and/or control functions, and ensure alignment with enterprise and/or regulatory requirements
- Provide analysis on issues and effectively communicate results to FCRM Testing management and the client
- Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite
Employee / Team Accountabilities :
- Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues/ points of interest
- Provide thought leadership and/ or industry knowledge for own area of expertise in own area and participate in knowledge transfer within the team and business unit
- keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques
- Participate in personal performance management and development activities, including cross training within own team
- Keep 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
- Contribute to team development of skills and capabilities through training and mentorship of others, by sharing knowledge and experiences and leveraging best practices.
- Lead, motivate and develop relationships with internal and external business partners / stakeholders to develop productive working relationships.
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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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