Director, Corporate & Investment Banking Oversight

Work Location :

New York, New York, United States of America

Hours:

40

Line of Business:

TD Securities

Pay Detail:

$160,000 - $190,000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Position: Director, Corporate & Investment Banking 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:

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  Design, implement, enhance and maintain the TDS U.S. FCRM program.

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  Advise TDS Operations and other 1st line support functions on interpretation of and compliance with applicable financial crime laws, regulations, and guidance.

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  Provide oversight of, and credible challenge to, the first line of defense.

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  Provide customized training and to ensure that employees remain informed about changes in financial crime regulations and emerging money laundering typologies.

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  Assess and opine on financial crime risks of new products and mandates.

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The Director, Corporate & Investment Banking Oversight, is responsible for supporting the firm's FCRM program and plays a key role within U.S. FCRM TDS Business Oversight.

Primary duties include:

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  Demonstrate governance, control and risk management behaviors aligned with TD policies and practices.

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  Lead US FCRM TDS Business Oversight efforts, providing advisory and oversight for the Corporate & Investment Banking business within TD Securities, US.

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  Support the AVP, Head of TDS US FCRM in assessing financial crimes-related risks within the US CIB business, considering the people, process, data, system and policy impacts.

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  Provide advice to the business on AML requirements across customers, products and transactions.

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  Provide oversight and challenge to first-line financial crime-related activities.

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  Coordinate with other US and global FCRM teams, business and operations stakeholders, and risk and audit partners to ensure successful delivery of program requirements.

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  Assist with regulatory and audit requests.

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  Provide backup to general AML compliance functions as needed.

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Qualifications/Skills/Experience

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  Excellent verbal and written communicator with detailed oriented nature and strong editing skills.

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  Bachelor's degree required (exceptional candidates demonstrating an equivalent combination of relevant education and experience will be considered).

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  Graduate level study preferred.

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  10 or more years of knowledge and experience in AML compliance including within Wholesale financial services, preferably with a large financial institution.

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  Must have strong subject matter knowledge of financial crime risks and controls relating to corporate and investment banking, with a preference for candidates also displaying this knowledge through transformation or other change initiatives.

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  Demonstrated knowledge of and experience overseeing transaction banking products is highly desirable.

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  Ability to identify and evaluate potential risks to the Firm and escalate accordingly.

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  Strong project management and strategic thinking skills.

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  Proficiency with Microsoft Word, Excel and PowerPoint.

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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.

Depth & Scope:

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  Helps to oversee and lead a large and/or highly complex and diverse AML/ATF function for an area of significant risk, complexity or scope while helping to grow talent and develop skills and capabilities to achieve career goals, support project/initiative success and achieve business results

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  Provides oversight of programs for an assigned portfolio of complex and dynamic TD businesses and legal entities

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  Maintains highly specialized expertise and in-depth knowledge to manage AML/ATF programs for multiple, significant complex businesses, functional areas and/or global business lines

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  Provides coaching, mentorship and guidance to practitioners, business and executives within area of expertise

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  Helps to oversee the overall discipline and strategy for the AML/ATF area while aligning to the enterprise best practices

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  Frequently interacts with senior/executive management

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  Acts as a key contact for business management, regulators and external/internal auditors, dealing with a broad range of issues including non-routine information

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  Focuses on longer-range planning for functional area (e.g. 12 months or greater)

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  May manage and prioritize multiple projects at a given time

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  May act as highest point of team escalation for resolution and provide direction to resolve issues or escalate

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Education & Experience:

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  Undergraduate degree

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  10+ years relevant experience

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Customer Accountabilities:

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  Provides strategic direction on a broad and diverse range of complex AML/Sanctions/ABAC program activities

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  Determines and decides policy and/or action based on internal and external industry developments for AML Programs

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  Proactively advises the business of new and changed AML regulatory and/or policy changes and articulates the impact to their processes and controls

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  Contributes to the development and implementation of AML Compliance programs related to all aspects of AML and ATF laws

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  Works with senior business unit management/partners to develop proactive strategies, tactics, policies and programs to effectively manage regulatory/compliance issues

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  Meets with business partners and business leaders to determine AML strategies and helps to direct the compliance culture

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  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

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  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

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  Delivers relevant subject matter expertise and AML/ATF advice to business management

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  Maintains oversight (via review and approval) of all functions and accountabilities related to management reporting and analysis

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  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

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Shareholder Accountabilities:

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  Develops and oversees the implementation of business line policies and DGAMLO team procedures

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  Works closely with leaders to develop and operationalize the business plan and deliver on AML/ATL/Sanctions/ABAC programs across the enterprise

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  Plans and executes on strategic activities, reviews and communicates results and adjusts tactics accordingly

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  Proactively identifies key business opportunities, researches and recommends enhancements/modifications, develops strategies to achieve recommendations and works closely with team to execute and implement

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  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

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  Coordinates and supports team and business AML/ATF related activities as necessary

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  Provides oversight on enterprise-wide annual risk assessment process as required

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  Protects the interests of the organization - identifies and manages risks, and escalates non-standard, high-risk transactions/activities as necessary

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  Keeps current on emerging issues, trends and evolving regulatory requirements and assesses potential impacts

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  Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite

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  Liaises with regulatory and law enforcement agencies on AML examinations and related inquiries

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  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