Group Risk Specialist (US) - Fraud and Insider Risk Management

TD Bank • Mount Laurel, NJ

1d • $91,000 - $1,456,000 • Onsite

About The Position

The 2nd Line of Defense US Fraud and Insider Risk Management team is responsible for overseeing fraud and insider risk across TD’s business segments and corporate functions, inclusive of operational risk processes (identify, assess, measure, monitor and report). The Group Risk Specialist will assist governance initiatives and support audit and regulatory interactions, including preparing communications and presentation materials. They will coordinate fraud and insider risk committees by maintaining charters, collaborating with senior stakeholders on relevant materials and presentations, and managing membership and meeting minutes. The role will also involve establishing partnerships with key business and risk leaders to promote a consistent and robust risk culture throughout the organization. The Group Risk Specialist is responsible for developing and maintaining a high level of subject matter expertise in TD’s governance policies, standards, and practices. This expertise allows the specialist to efficiently navigate the organization’s reporting cadences, governance structures, and requirements. Through a thorough understanding and application of these frameworks, the specialist supports effective risk oversight and promotes adherence to established governance protocols throughout the organization This is an individual contributor role.

Requirements

• Undergraduate degree or technical certificate and/or 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

Nice To Haves

• Certified Fraud Examiner (CFE)
• Demonstrated organizational and analytical abilities, with project management experience preferred
• Comprehensive understanding of banking regulations and industry standards related to fraud and insider risk
• Proven expertise in identifying and addressing fraud threats within the banking sector
• Excellent communication, time management, PowerPoint and SharePoint skills

Responsibilities

• Assist governance initiatives and support audit and regulatory interactions, including preparing communications and presentation materials.
• Coordinate fraud and insider risk committees by maintaining charters, collaborating with senior stakeholders on relevant materials and presentations, and managing membership and meeting minutes.
• Establish partnerships with key business and risk leaders to promote a consistent and robust risk culture throughout the organization.
• Develop and maintain a high level of subject matter expertise in TD’s governance policies, standards, and practices.
• Support effective risk oversight and promotes adherence to established governance protocols throughout the organization
• 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

• TD is committed to providing fair and equitable compensation opportunities to all colleagues.
• Growth opportunities and skill development are defining features of the colleague experience at TD.
• Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role.
• 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.
• We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees