Compliance Risk Assessment Lead

TD•Portland, ME

1d•$115,440 - $186,160•Onsite

About The Position

At TD Bank US Compliance, we're on a mission to build a more resilient and scalable compliance risk management function. As part of our team, you'll play a key role in reshaping compliance structures and processes, driving innovation at every level. Here, each team member has a chance to make a tangible impact – both in day-to-day operations and in the design of a future-focused compliance program. This not just about implementing a new program – it's about creating a culture of compliance that will cascade throughout the organization. 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. The ideal candidate should have sufficient prior experience to be immediately effective in this role and be in a position to jump in and begin delivering against our commitments, e.g. requires little to no training (outside of institutional knowledge on TD). This person needs to be willing to roll up the sleeves and be adaptable enough to jump in where we have the most pressing needs. This person should have enough professional maturity and awareness for how to appropriately prioritize an overflowing book of work against aggressive timelines, and have sound judgment for how and when to escalate up the management chain of command. The ideal candidate should have advanced proficiency in desktop tools including, but not limited to, Microsoft Office Suite.

Requirements

Undergraduate degree or equivalent work experience
10+ years of experience
Minimum of 10 years of prior regulatory, compliance, and/or risk management experience
Experience conducting a Compliance Risk Assessment
Experience working with top tier banks in large scale, cross-functional regulatory remediation
Experience with developing and implementing regulatory compliance risk management frameworks and programs, including Compliance Risk Assessment and regulatory controls management
Experience with regulatory Issue Management, Compliance Monitoring & Testing and governance of Compliance documentation preferred
Strong knowledge of laws, rules, regulations, risks and taxonomies related to consumer and commercial banking, securities (broker-dealer), and wealth management businesses
Excellent written, verbal and analytical skills
Highly motivated, strong attention to detail, team oriented, organized
Strong interpersonal and presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging; ability to influence and lead at a senior level
Ability to work collaboratively with cross functional partners across the three lines of defense
Ability to navigate a complex organization
Demonstrates advanced proficiency in desktop tools including, but not limited to, Microsoft Office Suite
Possesses strong functional knowledge of U.S. banking regulations (e.g., Federal Reserve) as well as banking products and services.
A risk management / internal control mindset to apply and assess risk identification / mitigation is essential.

Nice To Haves

Experience with regulatory Issue Management, Compliance Monitoring & Testing and governance of Compliance documentation

Responsibilities

Serve as Compliance lead for managing and facilitating the U.S. Compliance Risk Assessment, reporting to the U.S. Head of Compliance Programs
Manage the Compliance Risk Assessment framework to ensure the applicable regulatory compliance risks and internal controls are identified and assessed to determine the risk profile for in scope laws/regulations as they pertain to respective businesses and across legal entities
Assist the Head of Compliance programs with facilitating the Compliance Risk Assessment and manage the assessment process, including ensuring timely and quality completion of the assessment through the lifecycle stages
Provide subject matter expertise and leadership to Oversight Functions and other assessment participants and serve as single point of contact for stakeholders on assessment methodology, guidance, and applicable leading practices
Where necessary, support Oversight Functions and their covered businesses with defining and logging regulatory issues and/or remedial action plans
Support the review and interpretation of aggregated results and identify methodology deviations, quality deficiencies and potential points of challenge
Drive program reporting analytics and insights in collaboration with the Compliance Data Analytics and Insights team
Assist with continuous enhancements to the target state design and methodology of the Compliance Risk Assessment framework
Possesses strong functional knowledge of U.S. banking regulations (e.g., Federal Reserve) as well as banking products and services. Additionally, a risk management / internal control mindset to apply and assess risk identification / mitigation is essential.
Leads, develops and oversees a dynamic team of Compliance CGO professionals who conduct support, facilitation and coordination for the management of Compliance.
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
Oversees and leads a highly complex, and diverse function for an area of significant risk, complexity or scope
Strategic partner to the leadership team on the management of the assigned portfolio and related financials, with deep industry, external/internal, enterprise knowledge, recognizing and anticipating emerging trends and; identifying operational efficiencies and opportunities with other business management/enterprise areas
Facilitates key strategic discussions and provides thought leadership to executive audience (output may include strategic roadmap and/or deliverables/frameworks/short to long term goals, etc.)
Sets operational team direction and collaborates with others to execute on common goals
Focuses on longer-range planning for functional area
Oversees a function of enterprise Compliance Program professionals providing oversight and control related advisory services to Compliance partners
Provides strategic direction on a broad and diverse range of complex Compliance program activities
Develops Compliance enterprise-wide frameworks, policies, standards, procedures in coordination with management in line with TD's Compliance Program
Works with executive team, senior business management/partners to develop proactive strategies, tactics, policies and programs to effectively manage regulatory/compliance issues
Meets with business (Compliance) partners and leaders to determine Compliance strategies and compliance culture
Takes corrective action and recommends or implements changes to procedures, as required
Lead role in managing and in responding to periodic exams/audits and various regulatory bodies related to CGO accountabilities
Participates in/leads enterprise-wide or Compliance focused special projects
Oversees research, development and implementation of new processes, technologies or operating models
Works autonomously as the leader of the team and assists with development of group policies and approval of procedures in coordination with leadership team and colleagues; and promotes and monitors staff adherence to approved internal Compliance policies, procedures, standards and guidelines, in addition to those federally mandated
Primary escalation point for significant matters/exceptions
Leads the team to adhere to enterprise frameworks and methodologies related to overall business management activities
Protects the interests of the organization – identifies and manages risks, and promotes the prompt and thorough resolution of escalated non-standard, high risk issues
Works closely with executive management team to support the development of CGO group's business plan, ensuring the optimal use of resources and leverage TD’s operating model to maximize efficiency, effectiveness and scale
Works closely with key business leaders to develop CGO's and Compliance 's business plans, ensuring the optimal use of resources and leverages TD’s operating model to maximize efficiency, effectiveness and scale
Plans and executes on strategic activities, reviews and communicates results, and adjusts tactics accordingly
May manage overall budget, revenue and expenditures, meets business objectives while increasing efficiency and effectiveness
Provides mentorship to direct reports; and assumes responsibility to minimize operational and regulatory risk by complying with Bank Code of Conduct
Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts
Maintains knowledge of end-to-end processes and internal/external partners and regulatory requirements
Provides inputs into the development, implementation, and monitoring of operating plans and expense budgets for the area, consistent with TD Bank strategies and objectives
Contributes to the development of the business plan and operationalizes the plan and delivers on assigned service or functionality
Proactively identifies key business opportunities, researches and recommends enhancements/modifications, develops strategies to achieve recommendations
Understands TDBG issues/parameters and guides others to protect the reputation and interest of TDBG by adhering to operating standards and processes related to Compliance
Coaches employees to build and enhance their Compliance knowledge and expertise; and assumes responsibility in minimizing operational and regulatory risk by complying with Bank policy and Code of Conduct
Responsible for management of the overall team providing both leadership and guidance
Contributes to the development of Compliance functional strategic priorities within their operational area or field of specialty
Develops annual and/or long term plans for own area and influences plans well beyond area managed
Provides thought leadership and/or industry knowledge for own area of expertise in own area and participates in knowledge transfer within the team and business unit
Grows team expertise to align with Compliance/enterprise demand and direction; assesses team skills and capabilities and continually looks for ways to provide and enhance the value delivered
Creates and fosters a cohesive team, and promotes a positive work environment. Leads and follows up on action plans to improve employee experience
Leads the process of setting performance objectives for the team; tracks, monitors and effectively addresses and/or rewards performance in a timely manner
Manages employees in compliance with all human resources policies, procedures and guidelines of conduct
Shares knowledge, information, skills, and subject matter expertise among the team and ensures the timely communication of issues and encourages good working relationships with other functions and teams
Supports an environment where team freely escalates business challenges; facilitates change through positive reinforcement of milestones and successes
Recruits for all hires to ensure a highly diverse, qualified workforce to achieve business objectives
Establishes and fosters a cohesive team; promotes a fair and equitable environment that supports a diverse workforce and encourage the team to achieve common goals and objectives
Acts as a brand ambassador for business area/function and the bank, both internally and/or externally