Financial Crime Risk Specialist – Sanctions (US)

TD Bank•Jacksonville, NY

1d•Onsite

About The Position

The Financial Crime Risk Specialist – Sanctions (US) sits within the Second Line. This is an oversight function, not an operational unit. The Specialist will work closely with sanctions/screening systems and technology partners therefore they need to understand how technology/systems work and translate business needs into technical requirements. Strong Excel/data analysis skills and the ability to identify data trends is useful. The successful applicant will be an adaptable, independent problem solver who can learn banking/regulatory concepts quickly while working with a team that is geographically distributed. As a result, t here will be occasional travel to Toronto for team meetings. The Financial Crime Risk Specialist – Sanctions develops and maintains TD’s sanctions compliance programs, including frameworks, methodologies, policies, standards, procedures, awareness and specialized training, monitoring, management reporting, and escalation of sanctions-related issues. Conducts periodic and event-driven reviews for sanctions risk of customers and transactions, including targeted assessments. Supports management in delivering initiatives related to sanctions risk assessment, regulatory exam preparation, and internal/external audit support.

Requirements

Requires substantial expertise in sanctions compliance, global regulatory frameworks, and knowledge of broader financial crime risk areas.
Integrates knowledge of the sub-function’s overarching sanctions strategy in developing solutions across multiple functions or operations.
Interprets internal/external business challenges and evolving sanctions regulations; recommends courses of action and best practices to strengthen controls and mitigate risk.
Acts as a technical expert and lead, integrating cross-functional understanding within sanctions screening, escalation, and governance.
Leads cross-functional teams or projects with significant resource requirements, regulatory risk, and complexity, ensuring compliance with global sanctions regimes.
Manages end-to-end functional programs independently, including sanctions risk assessments, system enhancements, and policy implementation.
Solves or leads others to solve complex sanctions-related issues, partnering to develop innovative compliance solutions.
Uses sophisticated analytical thought to exercise judgment in identifying sanctions risks and recommending mitigation strategies.
Impacts the achievement of sub-function or business line objectives by ensuring sanctions compliance and operational integrity.
Is guided by internal policies and global sanctions standards/methods.
Communicates complex sanctions concepts; converts regulatory requirements into compelling business context and advice; influences and gains alignment across senior stakeholders.
Works autonomously as the lead and guides others within sanctions expertise.
Undergraduate Degree.
Advanced degree, professional accreditation, and/or 7+ years relevant experience.
Strong Excel/data analysis skills and the ability to identify data trends is useful.
Adaptable, independent problem solver who can learn banking/regulatory concepts quickly.
Ability to work with a team that is geographically distributed.

Nice To Haves

Understanding of how technology/systems work and translate business needs into technical requirements.

Responsibilities

Develops and maintains TD’s sanctions compliance programs, including frameworks, methodologies, policies, standards, procedures, awareness and specialized training, monitoring, management reporting, and escalation of sanctions-related issues.
Conducts periodic and event-driven reviews for sanctions risk of customers and transactions, including targeted assessments.
Supports management in delivering initiatives related to sanctions risk assessment, regulatory exam preparation, and internal/external audit support.
Leads the development of team procedures and governance processes for sanctions compliance and advises stakeholders and teams of changes and enhancements to enterprise sanctions programs and requirements, including their impact across the organization.
Collaborates with partners and related groups (such as Compliance, Legal, and Risk) to support the creation of documentation and reports required by external regulatory bodies and TD internal groups for sanctions compliance.
Manages research and assessment of sanctions risks and controls and contributes to a specialized team of sanctions compliance professionals, interacting with key stakeholders.
Provides governance oversight through management of sanctions policy and training exemption governance and reporting processes to the Senior Executive Team and related sub-committees.
Prepares summaries, presentations, briefing notes, and other required documentation to effectively report on the status of the sanctions compliance program.
Represents sanctions compliance as a specialist on internal or external committees and on enterprise-wide Regulatory Change Management initiatives, as required.
Delivers relevant subject matter expertise and sanctions compliance advice to business partners.
Interacts with control functions within the organization to ensure effective sanctions oversight.
Develops and delivers sanctions training programs for applicable employees across the Bank.
Conducts meaningful research, analysis, and assessment of sanctions program activities at the functional level, using results to draw conclusions, make recommendations, and assess the effectiveness of enterprise sanctions programs.
Prepares research, analysis, updates tools, and supports training activities specific to sanctions risk assessment.
Leads the development of processes, procedures, and guidance relevant to sanctions compliance.
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.
Delivers relevant subject matter expertise and FCRM advice to business (FCRM) partners.
Leads new or revised product initiatives; advises businesses on FCRM compliance requirements and ensures 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 and 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 and providing 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 ensures timely communication of issues/points of interest.
Provides thought leadership and/or industry knowledge for own area of expertise 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, providing 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.