Financial Crime Risk Oversight Specialist, Global Transaction Banking

TD•Charlotte, NC

21h•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. 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. Primary duties include: 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.

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.
Undergraduate degree or equivalent work experience
7+ years experience

Nice To Haves

Provides backup to general AML compliance functions such as surveillance reviews, section 312 reviews and TD affiliates due diligence reviews.

Responsibilities

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.
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.
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.
Provides expert/specialized regulatory compliance and prudential risk management guidance on AML/ATF/Sanctions/ABAC matters affecting covered TD businesses.
Proactively advises covered TD businesses of new and changed AML/ATF/Sanctions/ABAC regulatory and/or policy requirements and articulates the impact to their processes and controls.
Contributes to the development and implementation of AML/ATF/Sanctions/ABAC Compliance programs.
Guides and partners with covered TD businesses through the development, implementation, oversight, and management of effective AML/ATF/Sanctions/ABAC Compliance Programs.
Escalates and manages to resolution significant issues and events.
Represents FCRM on internal or external committees relating to designated business activities as required.
Delivers subject matter expertise and AML/ATF/Sanctions/ABAC guidance to business management, including developing and maintaining management reporting and analysis.
Actively assists in developing and overseeing implementation of business line policies and procedures.
Collaborates with subject matter experts to develop and enhance methodologies for analyzing risk exposures of covered TD businesses.
Ensures respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities.
Consistently exercises discretion in managing correspondence, information, and all matters of confidentiality; escalates issues where appropriate.
Supports the development of annual awareness training.
Protects the interests of the organization – identifies and manages risks, and ensures the prompt and thorough resolution of escalated non-standard, high-risk issues.
Actively manages relationships within and across various business lines, corporate and/or control functions and ensures alignment with enterprise and/or regulatory requirements.
Keeps current on emerging issues, trends, and evolving regulatory requirements to and assesses potential impacts.
Handles inquiries/requests from Internal Audit and regulators.
Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite.
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 in own area and participates in knowledge transfer within the team and business.
Participates in personal performance management and development activities, including cross training within own team.
Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.
Leads, motivates and 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.