Financial Crime Policy and Standards Specialist

TD Bank • Mount Laurel, NY

20h • $91,000 - $145,600

About The Position

The Financial Crime Risk Specialist role develops and maintains TD’s AML/ATF/Sanctions/ABAC programs, including frameworks, methodologies, policies, standards, procedures, awareness and specialized training, monitoring, management reporting and/or escalation of issues. This role conducts periodic and event driven reviews of customers, including targeted reviews to assess risks. Additionally, this role supports management in delivery of initiatives related to risk assessment, internal/external exam support, etc. The primarily responsibility of the Financial Crime Risk Management Policy and Standards Team is to set the requirements for the Financial Crime Risk Management Program though the development and maintenance of the governing policies and standards for compliance with US regulations. The team provides ongoing advisement around requirements and works with cross-functional units (Compliance, Technology, Business, Audit) to support and help execute projects. Individuals within this team will be called upon to participate in discussions to shape the most efficient processes for the Financial Crime Risk Management Program based on regulatory requirements. The team is also responsible for establishing the governance, reporting, and monitoring routines necessary to adequately oversee the firm's ongoing adherence to Policies and Standards.
The "Financial Crime Risk Management Policy & Standards Specialist" is a member of the Financial Crime Risk Management (FCRM ) Policy and Standards Department under the Company's Second Line of Defense (2LoD) FCRM Function. The FCRM Policy & Standards Specialist is responsible for the execution of the Policy and Standards Workstream, which includes the following: Interpreting, articulating, and drafting documentation related to financial crime laws, rules, and regulations with the ability to translate complex regulatory requirements into clear, accurate, and actionable policy language. Draft, update, and maintain new and existing policies and standards confirming they are accurate, comprehensive, and aligned with organizational and regulatory requirements. Present, socialize, and clearly communicate newly developed or revised documents to cross functional stakeholders to promote awareness, understanding, and consistent implementation. Provide ongoing support and guidance to FCRM Policy and Standard Owners to ensure adherence to established governance frameworks, procedures, review cycles, and approval requirements. Conduct reviews of policies, standards, and related documentation, offering detailed feedback and recommendations to support alignment with organizational and regulatory requirements, parent policies, or procedures. Develop, coordinate, and prepare supporting materials for review and approval by appropriate stakeholders, committees, and governing boards, ensuring readiness for decision making and sign off. Supports mapping of applicable laws, rules, and regulations to corresponding FCRM policies and standards for alignment and traceability. Maintain oversight of the U.S. FCRM Policy and Standard Document Inventory, verifying records are complete, current, accurately, and maintained in accordance with established governance processes.

Requirements

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

Nice To Haves

• 3+ years experience in risk management in a policy, standard, or procedure related role
• 7+ years experience in a financial crime risk management role
• Juris Doctor experience preferred

Responsibilities

• Interpreting, articulating, and drafting documentation related to financial crime laws, rules, and regulations with the ability to translate complex regulatory requirements into clear, accurate, and actionable policy language.
• Draft, update, and maintain new and existing policies and standards confirming they are accurate, comprehensive, and aligned with organizational and regulatory requirements.
• Present, socialize, and clearly communicate newly developed or revised documents to cross functional stakeholders to promote awareness, understanding, and consistent implementation.
• Provide ongoing support and guidance to FCRM Policy and Standard Owners to ensure adherence to established governance frameworks, procedures, review cycles, and approval requirements.
• Conduct reviews of policies, standards, and related documentation, offering detailed feedback and recommendations to support alignment with organizational and regulatory requirements, parent policies, or procedures.
• Develop, coordinate, and prepare supporting materials for review and approval by appropriate stakeholders, committees, and governing boards, ensuring readiness for decision making and sign off.
• Supports mapping of applicable laws, rules, and regulations to corresponding FCRM policies and standards for alignment and traceability.
• Maintain oversight of the U.S. FCRM Policy and Standard Document Inventory, verifying records are complete, current, accurately, and maintained in accordance with established governance processes.
• Leads the development of team procedures and governance processes and advises FCRM stakeholders and teams of changes and enhancements to enterprise FCRM programs and requirements and where they may impact in the organization.
• Works with FCRM partners and other related groups (such as Compliance, Legal and Risk etc.) to support creation of documentation and reports required by external regulatory bodies and TD internal groups
• Conducts research, assesses FCRM risks and controls, and otherwise contributes to a specialized team of FCRM compliance professionals, interacting with key stakeholders
• Provides governance oversight through management of the policy and training exemption governance and reporting processes to the FCRM Senior Executive Team (and related FCRM Sub-Committees)
• Prepares summaries, presentations, briefing notes, and any other required documentation to effectively report on the status of the FCRM program
• Represents FCRM as a specialist on internal or external committees as well as on enterprise-wide Regulatory Change Management initiatives, as required
• Delivers relevant subject matter expertise and FCRM advice to business / FCRM partners
• Interacts with control functions within the organization
• Develops and delivers training programs for applicable employees across the Bank
• Conducts meaningful research, analysis, and assessment of FCRM program activities at the functional level using results to draw conclusions, make recommendations, assess the effectiveness of enterprise FCRM programs
• Prepares research, analysis, updates tools and/or supports training activities specific to risk assessment
• Leads development of processes, procedures and guidance relevant to own specific FCRM function of expertise
• Provides high quality service and advice to key business (FCRM) partners and monitors progress of initiatives, action plans, or similar activities
• Protects the interests of the organization – identifies and manages risks, and ensures the prompt and thorough resolution of escalated non-standard, high-risk issues
• Leads new or revised product initiatives, advises businesses on FCRM compliance requirements and ensures that those requirements are properly written into requirements for business projects
• Participates in FCRM level projects as needed, to facilitate and oversee changes to FCRM processes, systems, or practices
• Coordinates with other FCRM partners and business compliance partners to ensure consistency in the application of FCRM programs and standards across the enterprise
• Ensures relevant FCRM programs align with TD corporate philosophy and strategic direction
• Monitors FCRM industry developments and maintains strong knowledge of evolving regulatory requirements and assesses potential impacts
• Proactively identifies key business opportunities, researches and recommends enhancements / modifications, develops strategies to achieve recommendations
• Leads relationships with business lines / corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements
• Leads or contributes to cross-functional / enterprise initiatives as an organizational or subject matter expert helping to identify risk/ provide guidance for complex situations
• Complies with applicable internal and external audit and regulatory requirements and may actively provide support during Audit and Regulatory Reviews, providing recommendations and guidance as required
• Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite
• Participates in responding to periodic exams/audits by regulatory bodies and Internal Audit, to determine level of BSA/FCRM compliance
• Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues / points of interest
• 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
• Shares knowledge of the business, related tools and techniques
• Leads or participates in personal performance management and development activities, including cross training within own team
• Keeps others informed and up to date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
• Contributes to the success of the team by assisting others in the completion and performance of work activities, provides coaching and/or guidance as appropriate.
• Contributes to a fair, positive and equitable environment that supports a diverse workforce
• Acts as a brand champion for the function and the bank, both internally and/or externally

Benefits

• Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals.
• 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.
• Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
• You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

What This Job Offers

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