AVP, Compliance Programs and Standards

TD•Toronto, ON

1d•Onsite

About The Position

The Compliance Director Business Oversight supports the development, implementation, and maintenance of a regulatory compliance program through compliance activities across various lines of business providing independent compliance risk oversight. This role manages compliance aspects of the applicable laws and regulations having a significant impact on the operations or strategy of the Company. This role interacts with senior management, developing, revising, and implementing policies and procedures to ensure compliance with applicable laws and regulations and effective management and oversight of all regulatory compliance activities.

Requirements

Bachelor's degree or progressive work experience in addition to experience below
10 years related experience required
Extensive Operational knowledge as pertains to implementation of regulatory requirements
In-depth knowledge of financial services regulatory industry practices
Strong management experience leading regulatory compliance activities
Strong Management skills in the development and mentoring of employees
Experience establishing and implementing effective regulatory strategies, policies and plans that support ongoing Company business
Strong management, organizational and evaluative process skills.
Ability to analyze complex organizational and process issues to isolate regulatory risk exposure.
Demonstrated ability to develop and maintain productive business relationships with internal partners and external regulators
Solid understanding of technology's role in the business and compliance controls
Effective negotiation and influencing skills
Strong analytical skills and ability to exercise sound judgment in development and selection of compliance solutions
Strong collaborative skills and experience leading and working in a matrix environment and on cross-functional teams
Excellent verbal and written communications skills, including the ability to persuade and influence a broad spectrum of constituents at all levels

Nice To Haves

Certified Regulatory Compliance Manager (CRCM), law degree, regulatory, or risk management experience a plus

Responsibilities

Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
Supports the development, maintenance and continuous enhancement of programs designed to provide effective, independent regulatory compliance risk management and oversight of business line(s) supported
Manages regulatory change and provide trusted and reliable reporting, advice and opinion to senior leadership and the Boards on the state of regulatory compliance risks, controls and outcomes
Works closely with business leaders to develop and operationalize the business plan and deliver on Compliance programs across the bank, additionally provides oversight on risk assessment process
Grows team expertise to align with business/enterprise demand and direction; assess team skills and capabilities and continually looks for ways to provide and enhance the value delivered
Acts as a Compliance executive lead on various projects, overseeing and/or coordinating a diverse group of compliance professionals, project managers, analysts, business and corporate function specialists, risk and control partners, and other stakeholders
Coordinates with regulators from the Office of the Comptroller of the Currency (OCC), Federal Reserve Bank (Fed), Consumer Financial Protection Bureau (CFPB), Office of Supervision of Financial Institutions (OSFI) and internal audit to ensure compliance
Aids in development and enhances a scalable compliance program with effective program elements that mitigate areas of compliance risk and establish sustainable controls commensurate with the risk appetite and growth of the Bank and its relevant subsidiaries
Provides seasoned advice and counsel for executive business partners as they pertain to compliance for new business initiatives and compliance issue resolution
Serves as Compliance owner or resource on projects involving most critical and complex laws and regulations that have a significant impact on the operations or strategy of assigned LOBs
Oversees the development of internal processes to identify and manage compliance risks
Manages the review of trend analyses of RIMS, Implementation, and self-monitoring reports for assigned teams to ensure department standards are met
Oversees the planning, creation and maintenance of Corporate compliance database(s) to collect, manage and report information required by management
Oversees the resolution of compliance-related problems encountered by various areas of the Company as related to the most critical laws and regulations
Represents Department or Chairs various Company Committees to address activities that are impacted by compliance laws and regulations