Group Risk Specialist (ATH 4996)

TD•Toronto, ON

3d•CA$96,900 - CA$136,800•Onsite

About The Position

This role is for a Group Risk Specialist within the Risk Management Line of Business at TD, located in Toronto, Ontario, Canada. The position involves leading the development and implementation of standards, policies, and processes to identify, report on, and mitigate operational risks. The specialist will proactively analyze potential risks, escalate key risks, and provide ongoing analysis and reporting on operational risk to business leaders. Responsibilities include coordinating core operational risk disciplines such as Risk & Control Self-Assessment, Business Continuity Management, Outsourcing & Vendor Management, and Regulatory Compliance. The role also supports enterprise-wide operational risk processes, manages Key Risk Indicators, and may oversee ancillary operational risk areas and provide support for other major risk areas like Market, Credit, and Reputational risks. The specialist will act as a point of contact for guidance on compliance, management, and strategic initiatives, and provide commentary on policies and procedures. The role requires adherence to enterprise frameworks, ensuring compliance with internal and external requirements, and participating in cross-functional initiatives as a subject matter expert. It involves conducting research, developing presentations, analyzing functional or enterprise-level data, and implementing process improvements. The specialist will manage relationships across business lines and functions, stay updated on emerging trends and regulatory requirements, and foster a culture of risk management. Team participation includes supporting a positive work environment, sharing knowledge, and contributing to team development through mentorship. The role requires significant knowledge and expertise in a complex field, integrating enterprise strategy into solutions, and interpreting business challenges to recommend improvements. It acts as a technical expert, leads cross-functional teams, manages functional programs independently, and uses sophisticated analytical thought to solve complex problems. The work is guided by policies and industry standards, and the role involves communicating complex concepts and influencing senior stakeholders. The specialist works autonomously and guides others within their area of expertise.

Requirements

Undergraduate degree or technical certificate and/or 7+ years relevant experience.

Responsibilities

Lead 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 analyze potential risks and ensure escalation of key risks to appropriate areas and/or executive review with business executive findings and action plans to mitigate and manage these risks.
Establish and provide on-going analysis and reporting on operational risk and/or other major risk categories as applicable to own business or functional area, and review findings and action plans with business leaders to mitigate and manage key issues.
Coordinate and/or guide 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).
Support enterprise-wide operational risk escalation, review and approval processes, data management, policies and risk assessment processes.
Direct the development and monitoring of Key Risk Indicators and facilitate communication and resolution of risk issues among other business segments where applicable.
May also 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 also 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.
Provide broad/deep commentary in support of the development/ maintenance/ oversight of policies/ procedures/ practices, as required.
Adhere to enterprise frameworks or methodologies that relate to activities for our business area.
Ensure respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities.
Consistently exercise discretion in managing correspondence, information and all matters of confidentiality; escalate issues where appropriate.
Ensure 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).
Participate in cross-functional / enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations.
Conduct internal and external research projects; support the development/ delivery of presentations / communications to management or broader audience.
Conduct meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices.
Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exists.
Lead / facilitate and/or implement actions / remediation plans to address performance / risk /governance issues.
Actively manage relationships within and across various business lines, corporate and/or oversight functions and ensure alignment with enterprise and/or regulatory requirements.
Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts.
Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite.
Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues/ points of interest.
Provide thought leadership and/or industry knowledge for own area of expertise in own area and participate in knowledge transfer within the team and business unit.
Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques.
Participate in personal performance management and development activities, including cross training within own team.
Keep 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.
Contribute to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.
Lead, motivate and develop relationships with internal and external business partners / stakeholders to develop productive working relationships.
Contribute to a fair, positive and equitable environment that supports a diverse workforce.
Act as a brand ambassador for your business area/function and the bank, both internally and/or externally.