Group Risk Specialist - 2LoD Controls Testing and Oversight

TD • Mount Laurel, NJ

21h • Onsite

About The Position

The Group Risk Specialist provides a comprehensive and diverse range of risk management expertise to business leaders. Leads and supports the implementation of appropriate risk frameworks and leading related management activities to mitigate enterprise and/or business-wide risk exposures for key business segment of the Bank or functional area. May provide oversight, commentary, and recommendations based on overall strategy and industry best practices. TD Bank is guided by the Three Lines of Defense (LOD) Risk Framework: Risk Ownership (1LOD), Risk Oversight (2LOD), and Internal Audit (3LOD). The second line is independent of the business and provides policies, standards, and methodologies, with the authority to assess and challenge the first line to ensure adherence to those standards. In this role, you will lead and support the implementation of risk frameworks and oversight activities that mitigate enterprise risks. You will also contribute to end-to-end controls testing and validation—from planning through execution—by assessing and socializing issues, monitoring remediation, and producing independent reporting across business processes and technology platforms, including support for regulatory and internal risk reporting.

Requirements

• Undergraduate degree or technical certificate
• 7+ years relevant experience
• Advanced knowledge of risk management governance, programs, policies, practices, operating frameworks & reporting for business supported and/or area of discipline
• Knowledge of risk management environment, standards, regulations and mitigation
• Knowledge of current and emerging competitor and market trends
• Ability to establish goals and objectives which support the strategic plan
• Ability to lead, plan, implement, and evaluate program/project activities to ensure completion of initiatives
• Skill in mentoring and coaching
• Advanced skill in using analytical software tools, data analysis methods and reporting techniques
• Skill in using computer applications including MS Office
• Ability to communicate effectively in both oral and written form
• Ability to work collaboratively and build relationships across teams and functions
• Ability to work successfully as a member of a team and independently
• Ability to exercise sound judgement in making decisions
• Ability to analyze, organize and prioritize work while meeting multiple deadlines
• Ability to handle confidential information with discretion
• Bachelor’s degree required
• 7+ years of experience in risk management, internal audit, controls testing, compliance, or a related field within financial services
• Ability to interpret guidelines, standards, policies, and analytical results to inform senior-level decision-making
• Ability to work with large datasets and perform data analytics (e.g., trend analysis, anomaly detection, sampling)
• Strong attention to detail, with the ability to identify root causes of issues and observations
• Strong analytical and organizational skills, including the ability to manage multiple priorities and deadlines
• Confidence and judgment to challenge the status quo and engage in constructive challenge when needed
• Strong written and verbal communication skills; ability to build and maintain effective working relationships with cross-functional teams

Nice To Haves

• Advanced degree and/or relevant certifications (e.g., CRISC, CISA, CIA, CPA, FRM, CFA) preferred
• Hands-on experience with Microsoft Copilot and other generative and agentic AI tools to automate and improve processes
• Experience with any of the following reports is a plus: FR 2052a, US LCR, US NSFR, FR Y9C, Call Report, FR Y-15, FR Y14-Q/M, FR Y-14A (CCAR, DFAST)
• Business Banking experience is an asset

Responsibilities

• Lead 2LOD testing of business and technology controls, including scoping, planning, execution, documentation, and issue tracking/reporting
• Execute independent testing in the following areas: Control Design & Operating Effectiveness, Transactions Testing, Data Reconciliations, Logic Reperformance, Data Profiling/Analytics, End-User Computing (EUC) Review, Policy & Procedure Review, Governance/Oversight, and Regulatory Rule Compliance
• Identify opportunities to streamline and automate controls testing (where appropriate), including through the use of generative AI, agentic AI, and RPI
• Proactively identify and assess risks; escalate to management as needed; confirm findings and drive action plans to mitigate and manage risks
• Determine testing approach, including frequency, scope, key data element selection, sampling methodology, and test procedures in alignment with the 2LOD testing framework
• Support the maintenance of the testing inventory and update the testing universe and plans based on the regulatory landscape and changes in the internal risk profile
• Partner with business and technology stakeholders to review key controls, identify potential control gaps, and agree on remediation plans
• Evaluate processes and controls and connect themes across issues/deficiencies to improve standardization of solutions, processes, and controls
• Monitor emerging issues, trends, and evolving regulatory requirements; assess impacts; and recommend actions to management
• Manage deliverables and timelines and provide proactive status updates to management
• Leads the development and/or implementation of specific standards, policies and/or processes that identify, report on and mitigate operational (or all major) risk exposures within the business
• Proactively analyzes potential risks and ensures escalation of key risks to appropriate areas and/or executive review with business executive findings and action plans to mitigate and manage these risks
• Establishes and provides on-going analysis and reporting on operational risk and/or other major risk categories as applicable to own business or functional area, and reviews findings and action plans with business leaders to mitigate and manage key issues
• Coordinates and/or guides activities relating to core operational risk disciplines/programs including, Risk & Control Self-Assessment, Business Continuity Management, Outsourcing & Vendor Management, Regulatory Compliance (e.g. CDIC, AML, Privacy, IDA, CBA, SOX, Basel etc.)
• Supports enterprise-wide operational risk escalation, review and approval processes, data management, policies and risk assessment processes
• Directs the development and monitoring of Key Risk Indicators and facilitate communication and resolution of risk issues among other business segments where applicable
• May be accountable for managing ancillary operational risk areas (e.g. BCM/incident management, outsourcing/vendor management, fraud aggregation and assessment, Basel implementation/capital analysis, change management, Privacy, AML, LCM and other regulatory issues), in addition to core functions
• May be responsible for providing support for other major risk areas (e.g. Market, Credit, Reputational and/or Regulatory risks etc.)
• May be a point of contact for guidance in the monitoring/reporting of compliance, management, and strategic initiatives
• Provides broad/deep commentary in support of the development/maintenance/oversight of policies/procedures/practices, as required
• Adheres to enterprise frameworks or methodologies that relate to activities for our business area
• Ensures respective programs/policies/practices are well managed, meet business needs, comply with internal and external requirements, and align with business priorities
• Consistently exercises discretion in managing correspondence, information and all matters of confidentiality; escalates issues where appropriate
• Ensures business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
• Participates in cross-functional/enterprise/initiatives as a subject matter expert helping to identify risk/provide guidance for complex situations
• Conducts internal and external research projects; supports the development/delivery of presentations/communications to management or broader audience
• Conducts meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations and assess the effectiveness of programs/policies/practices
• Monitors service, productivity and assesses efficiency levels within own function and implements continuous process/performance improvements where opportunities exist
• Leads/facilitates and/or implements actions/remediation plans to address performance/risk/governance issues
• Actively manages relationships within and across various business lines, corporate and/or oversight functions and ensures alignment with enterprise and/or regulatory requirements
• Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts
• 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 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 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 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

Benefits

• base salary
• variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan)
• 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
• reward and recognition

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 101-250 employees