FCRM Testing Specialist

TD • Jacksonville, FL

1d • $91,000 - $145,600

About The Position

The U.S. FCRM Monitoring & Testing Team is responsible for maintaining a dynamic, risk-based, 2LoD testing process designed to periodically review the design and operating effectiveness of key processes and controls and assess compliance with relevant key laws, rules, and regulations. The Testing Team staff are objective and separate from FCRM Program execution activities and responsible for an Annual Test Plan comprised of mandatory and risk-based testing of financial crime risks owned by the first and second lines of defense. The FCRM Testing Specialist is responsible for independently leading all phases of the assigned testing review from end-to-end (scoping, fieldwork, reporting, and supervisory checklist) in line with the procedure with the support from the Team Lead and Team Members, including review of final test papers. The role provides subject matter expertise on FCRM controls / processes. This role executes testing activities independently and assumes leadership of a review with support from a Testing Lead.

Requirements

• Undergraduate degree or equivalent work experience
• 7+ years experience

Nice To Haves

• 3 years experience within a testing role within a AML capacity
• A deep knowledge of Anti-Money Laundering (AML) processes
• Detailed Testing of Risk and Controls related to Bank Secrecy Act (BSA), AML, Sanctions and Anti-Bribery & Anti-Corruption
• Strong communication and written skills and the ability to work with and influence Senior Stakeholders
• Ability to multi-task and work on more than one review at a time

Responsibilities

• Works independently as review owners in executing reviews from end-to-end and provides direction to others
• Considered to be subject matter experts in FCRM testing standards and objectives and provide guidance to various team members and stakeholders
• Develops and is accountable for testing documentation and results reporting in-line with requirements
• Utilizes advanced understanding of the Banks financial crimes obligations and requirements to effectively execute their work
• Utilizes advanced understanding of the use of controls for managing financial crimes risk to independently evaluate complex controls and serve as SME on developing recommendations for enhancements
• Considered subject matter expert in FCRM technologies (e.g., Transaction Monitoring system, Sanctions screening system)
• Advanced knowledge of testing process and industry best practices
• Undertakes and completes a variety of complex projects and initiatives requiring specialist knowledge and/or the integration of cross functional processes
• Executes on more complex and/or non-standard requests
• Independently performs concurrent multiple FCRM reviews and related tasks from end-to-end
• Reports to the Team Lead all issues, escalations, or testing review concerns
• May act as highest point of Review Team escalation for resolution and provides direction to resolve issues or escalate
• Executes and manages testing activities in accordance with established standards and strategic direction to achieve completion within targeted timelines
• Conducts skilled analytical research and analysis as part of the testing engagement and initiatives
• Presents objective and independent opinion on the adequacy of processes and controls in accordance with regulatory and internal requirements
• Executes follow-up on findings raised from testing reviews in accordance with established standards
• Understands risk identification, risk analysis, and risk mitigation according to regulatory requirements and best business practices to assist in evaluation of FCRM controls and processes
• Develops strong relationships and work collaboratively with key stakeholders
• Owns the review of the testing engagement, including all steps of the end-to-end testing process, which encompasses the communication and reporting of results
• Proactively identifies matters which require additional attention, further escalation, or review, and liaise with the appropriate staff to resolve
• Prioritizes and manages own workload to deliver quality results and meet assigned timelines
• Contributes to the review of internal processes and activities and assists in identifying potential opportunities to improve efficiencies within FCRM reviews
• Adheres to internal policies / procedures, enterprise frameworks and methodologies and applicable regulatory guidelines
• Clearly and concisely documents research as required to understand requirements specific to an engagement
• Protects the interests of the organization – identifies and manages risks, and escalates non-standard activities high-risk transactions/activities as necessary
• Applies subject matter expertise in the discipline, provides guidance, assistance, and direction to testing team members
• Actively maintains relationships within and across various business lines, corporate and/or control functions, and drives alignment with enterprise and/or regulatory requirements
• Assesses/identifies key issues and escalate to appropriate levels and relevant stakeholders
• Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts to the Bank
• Maintains a culture of risk management and control, supported by effective processes through FCRM testing
• May develop and provide reporting, analysis, and assessments at the functional or enterprise level
• Supports presentations / communications to management or broader audience
• Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues / points of interest
• Provides thought leadership and/or industry knowledge for own area of expertise and participates in knowledge sharing with the team and/or business unit
• Keeps current on emerging trends / developments and grows knowledge of the business, related tools and techniques
• Participates in personal performance management and development activities, including potential cross training within own team
• Keeps team members informed and up to date about the status / progress of projects and/or all relevant or useful information related to day-to-day activities
• Develops relationships with internal and external business partners / stakeholders to develop productive working relationships
• Contributes to a fair, positive and equitable environment that supports a diverse workforce
• Acts as a brand ambassador for your business area/function and the bank, both internally and/or externally

Benefits

• Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level