VP - Regulatory and Supervisory Management

at  TD Bank

JOB DESCRIPTION:

Regulatory and Supervisory Management (RSM) drives a strong culture of supervision and supervisory engagement, considering industry best practice and regulatory change. The Global Markets Supervision (GMS) team partners with TD Securities’ Global Markets Supervisors to meet their accountabilities for oversight of employee conduct and of market, credit, underwriting, and operational risks. Specifically, GMS facilitates a sustainable First Line Supervision framework that supports effective supervision practices and escalates key issues arising from Global Markets trading, sales and origination business activities; and executes delegated supervision accountabilities on behalf of Global Markets supervisors in accordance with Firm policy and regulatory requirements.
The successful candidate will develop an in-depth knowledge of Global Markets Supervision framework and associated policies and procedures. The candidate will collaborate closely with Business Supervisors, trading, sales and origination teams; Second Line and infrastructure support teams to help manage key risks and confirm that our controls framework is operating effectively and is also fit for purpose.
The role reports to the EAP Global Markets Supervision Head and will provide primary supervision coverage over Equities products.

CORE ACCOUNTABILITIES:

In addition to primary supervision accountability for Equities, the role will also provide coverage across our EAP Global Markets franchise including Fixed Income, FX, Commodities and Money Market products across Europe & Asia. As such demonstrable working knowledge with the above-mentioned business and product lines will be highly desirable.

Additional core responsibilities include, but are not limited to:

• Manage key relationships with business line supervisors and serve as primary contact to advise or coordinate with key stakeholders on day-to-day supervision, regulatory or business conduct matters requiring escalation.
• Support Global Markets in meeting its regulatory obligations (eg. MiFID, MAR, Volcker)
• Prepare Monthly Supervision packs for assigned businesses and lead meetings with Global Markets Supervisors to analyze key metrics/trends and review market/business conduct escalations; follow up on any action items or take-aways.
• Assists with management of MiFID Best Execution Framework, maintenance of review procedures and Best Execution Forum meetings.
• Provide guidance on business line Desk Operating Procedures (DOPs) and execute delegated supervisory review accountabilities in accordance with Written Supervisory Procedures (WSP).
• Provide Global Markets Supervisors with guidance and best practices relating to key metrics and business conduct issues; accountabilities include but are not limited to:
• Conduct First Line surveillance and business conduct reviews.
• Assess implications of Firm policy, regulatory, new business, or best practice changes to the supervision framework.
• Design and implement supervisory controls and procedures to address regulatory and best practice requirements.
• Interface with Internal and External Auditors / Examiners as needed, and where required assist with remedial work efforts for any open audit and compliance (testing) findings and open gaps.
• Contribute metrics to supervisory and other regional governance forums as required.
• Lead or provide support on key Global Markets regulatory initiatives; participate in business initiatives to conduct supervision operational readiness assessments.
• Participates in local committees, internal/external meetings or forums as needed.
• Proactively seeks opportunities for continuous improvement and process enhancements to supervision framework and procedures; assist with relevant change management process.

QUALIFICATIONS/COMPETENCIES/ACCREDITATION:

• Undergraduate Degree a minimum.
• 5 years+ experience in Capital Markets/Financial Services industry, experience in Equities asset class strongly preferred.
• Strong working knowledge of key regional regulatory requirements (eg. MiFID, MAR, Best Execution Rules, SMCR)
• Solid understanding of 3 LoD framework and key non-financial risks controls and applicability to business activities.
• Demonstrate ability to influence key stakeholders to achieve consensus and meet objectives.
• Must have strong analytical and problem-solving skills; be detail oriented; and demonstrate initiative to follow up on items or determine appropriate steps for timely resolution.
• Demonstrates ability to work independently as well as in a team environment.
• Proficient with MS Office Suite, including high-level competency in Excel with ability to create pivot tables, macros, and write/edit code in VBA preferred. Knowledge of scripting tools a plus.
• Must demonstrate ability to manage multiple tasks and deadlines; and flexibility to adapt well to changing priorities.
• As many of the tasks are regulatory focused reviews, the ability to work with Compliance and 2nd line partners to interpret regulation or policy and assess applicability to business activities is paramount in this role.
• Must be able to foster and maintain key relationships with Trading & Sales teams and Desk Heads / Supervisors.
• Proactive and quick learner with ability to take on new responsibilities and prioritize workload as required.
• Must have excellent verbal and written communication skills.

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.

• Manage key relationships with business line supervisors and serve as primary contact to advise or coordinate with key stakeholders on day-to-day supervision, regulatory or business conduct matters requiring escalation.
• Support Global Markets in meeting its regulatory obligations (eg. MiFID, MAR, Volcker)
• Prepare Monthly Supervision packs for assigned businesses and lead meetings with Global Markets Supervisors to analyze key metrics/trends and review market/business conduct escalations; follow up on any action items or take-aways.
• Assists with management of MiFID Best Execution Framework, maintenance of review procedures and Best Execution Forum meetings.
• Provide guidance on business line Desk Operating Procedures (DOPs) and execute delegated supervisory review accountabilities in accordance with Written Supervisory Procedures (WSP).
• Provide Global Markets Supervisors with guidance and best practices relating to key metrics and business conduct issues; accountabilities include but are not limited to:
• Conduct First Line surveillance and business conduct reviews.
• Assess implications of Firm policy, regulatory, new business, or best practice changes to the supervision framework.
• Design and implement supervisory controls and procedures to address regulatory and best practice requirements.
• Interface with Internal and External Auditors / Examiners as needed, and where required assist with remedial work efforts for any open audit and compliance (testing) findings and open gaps.
• Contribute metrics to supervisory and other regional governance forums as required.
• Lead or provide support on key Global Markets regulatory initiatives; participate in business initiatives to conduct supervision operational readiness assessments.
• Participates in local committees, internal/external meetings or forums as needed.
• Proactively seeks opportunities for continuous improvement and process enhancements to supervision framework and procedures; assist with relevant change management process