Financial Crime Risk Oversight Specialist, Global Transaction Banking

TD Bank • New York, NY

9d • $128,000 - $165,000 • Onsite

About The Position

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 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: Design, implement, enhance and maintain the TDS U.S. FCRM program. Advise TDS Operations and other 1st line support functions on interpretation of and compliance with applicable financial crime laws, regulations, and guidance. Provide oversight of, and credible challenge to, the first line of defense. Provide customized training and to ensure that employees remain informed about changes in financial crime regulations and emerging money laundering typologies. Assess and opine on financial crime risks of new products and mandates. The Financial Crime Risk Oversight Specialist is responsible for supporting the firm’s FCRM program and plays a key role within U.S. FCRM TDS Business Oversight.

Requirements

• Bachelor’s degree required (exceptional candidates demonstrating an equivalent combination of relevant education and experience will be considered).
• 7 to 10 years of knowledge and experience in AML compliance, preferably with a large financial institution or payments business.
• Excellent verbal and written communicator with detailed oriented nature.
• Must have strong subject matter knowledge of financial crime risks and controls relating to payments and transaction banking.
• Ability to identify and evaluate potential risks to the Firm and escalate accordingly.
• Strong project management and strategic thinking skills.
• Proficiency with Microsoft Word, Excel and PowerPoint.

Responsibilities

• Demonstrate governance, control and risk management behaviors aligned with TD policies and practices.
• Provide advisory and oversight support to the Global Transaction Business, including for new products and initiatives, and customer and transaction escalations and inquiries.
• Provide advice to the business on AML requirements across customers, products and transactions.
• Provide quality evaluations and enhancements of exception reports when needed.
• Where required, support investigations into potentially suspicious activity, drafting SARs as well as documenting cases that did not result in the filing of a SAR.
• Participate in the annual enterprise-wide AML/BSA/Sanctions/ABAC risk assessment process.
• Conduct targeted AML/OFAC training, as appropriate.
• Conduct periodic testing of AML functions as mandated by the Periodic AML Testing Program.
• Participate in special projects, including assisting with adherence to enterprise-wide initiatives including global policies and governance.
• Assist with regulatory and audit requests.
• Provide backup to general AML compliance functions such as surveillance reviews, section 312 reviews and TD affiliates due diligence reviews.
• Complete all tasks within required timeframes.

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
• Number of Employees: 5,001-10,000 employees