Head of TD Auto Finance Governance & Control (US)

TD Bank•Southfield, MI

9d•$190,000 - $225,000

About The Position

This role oversees the primary governance, control, compliance, and data governance functions for TD Auto Finance by developing, communicating, and executing a comprehensive governance strategy aligned with the broader business strategy and objectives. This role collaborates closely with business partners to address audits, examinations, compliance requirements, and data governance initiatives, while also creating and implementing forward-thinking strategies, tactics, and programs to effectively manage regulatory, compliance, data, and governance matters. Depth & Scope: Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required Leads Compliance, the 1A Governance & Control function, risk management, and data governance for TD Auto Finance through the development, communication and implementation of a comprehensive governance strategy aligned with the broader business strategy and objectives Oversees governance and control activities through the assessment of risks and recommends changes based on business information from the various control function partners, including Risk Management, Compliance, Legal, Vendor Management, AML, Regulatory, Audit and lines of business Ensures robust data governance practices are in place to maintain data integrity, security, and compliance with regulatory standards across all business operations Partners with the business to respond to audits and exams, develop and implement proactive strategies, tactics and programs to effectively manage regulatory and governance issues Maintains a culture of risk management and control, supported by effective processes, sound infrastructure and in alignment with risk appetite Assesses the effectiveness of the business governance and control programs, including conducting research to determine best practices Represents the business on Risk Management, Compliance, AML Vendor Management, Regulatory and Audit related initiatives. S tays current and keeps up to date on regulatory issues affecting the business Supports TD's enterprise-wide risk strategies and control function requirements Identifies and manages issues on behalf of TD Auto Finance, collaborating with various control partners to resolve and close findings Fosters a strong risk-aware culture within the Auto Finance business, promoting proactive self-identification and reporting of all potential issues by all colleagues Drives enhancements to the control environment, including ensuring detailed process maps, identification of risk and controls, the efficient monitoring of these controls, and automation to drive efficiency Contributes to improved understanding of governance and control requirements, emerging trends and issues specific to Auto Finance. Serves as the business representative for all audits to ensure they are executed and completed in accordance with established standards and within prescribed time, budget and scope parameters Leads, implements, and/or conducts due diligence process reviews for potential areas of risk to ensure the business is always prepared for internal and external audit reviews Provides insight or guidance to the executive leadership team to help inform or support decisions, as appropriate Provides functional and business-level communications to ensure messages to stakeholders and/or employees are consistent, appropriate and aligned to business strategies and executive management direction Directs the department to ensure that all activities are compliant with applicable internal and external requirements (e.g., financial controls, segregation of duties) and in conformance with professional and ethical standards Creates and oversees talent plans and strategies to attract, motivate and retain a highly diverse, qualified and engaged staff to fulfill current and future business needs Provides training and development opportunities, including stretch assignments, for team members and gives honest and open feedback to aid in the development of talent Leads organizational initiatives by positively influencing and supporting change management and departmental or enterprise initiatives Participates in appropriate TD and TDAF committees, providing subject matter expertise

Requirements

Bachelor's degree preferred
10+ years of related experience; consumer auto finance experience preferred
Deep subject matter expertise of relevant banking and regulatory rules and policies, specifically in auto finance
Significant experience with regulators and audit partners for the auto finance business
Strong business acumen and analytical capabilities with the ability to consolidate information into clear, concise analysis in support of the business strategy
Proven leadership skills; motivational, collaborative leader who has been successful in developing, guiding and managing a professional team in a fast moving, changing and flexible environment
Demonstrated ability to make independent, strategic decisions to have a positive impact throughout the organization
Able to manage, influence, and motivate others effectively within a matrix environment
Strong communicator, with excellent oral, written and presentation skills
Strong relationship management skills with a proven ability to work effectively and develop creative and collaborative approaches to balance the viewpoints of the TD Auto Finance Leadership Team, the Consumer Product and Retail Distribution leadership teams, and other stakeholders
Operates with passion and a willingness to challenge the status quo and a bias for action
Ability to deal with significant ambiguity and constantly changing priorities in a fast-paced environment
High degree of personal integrity to recognize and manage access to sensitive information about the Bank, our strategy, results, people, and issues being addressed

Responsibilities

Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
Leads Compliance, the 1A Governance & Control function, risk management, and data governance for TD Auto Finance through the development, communication and implementation of a comprehensive governance strategy aligned with the broader business strategy and objectives
Oversees governance and control activities through the assessment of risks and recommends changes based on business information from the various control function partners, including Risk Management, Compliance, Legal, Vendor Management, AML, Regulatory, Audit and lines of business
Ensures robust data governance practices are in place to maintain data integrity, security, and compliance with regulatory standards across all business operations
Partners with the business to respond to audits and exams, develop and implement proactive strategies, tactics and programs to effectively manage regulatory and governance issues
Maintains a culture of risk management and control, supported by effective processes, sound infrastructure and in alignment with risk appetite
Assesses the effectiveness of the business governance and control programs, including conducting research to determine best practices
Represents the business on Risk Management, Compliance, AML Vendor Management, Regulatory and Audit related initiatives.
Stays current and keeps up to date on regulatory issues affecting the business
Supports TD's enterprise-wide risk strategies and control function requirements
Identifies and manages issues on behalf of TD Auto Finance, collaborating with various control partners to resolve and close findings
Fosters a strong risk-aware culture within the Auto Finance business, promoting proactive self-identification and reporting of all potential issues by all colleagues
Drives enhancements to the control environment, including ensuring detailed process maps, identification of risk and controls, the efficient monitoring of these controls, and automation to drive efficiency
Contributes to improved understanding of governance and control requirements, emerging trends and issues specific to Auto Finance.
Serves as the business representative for all audits to ensure they are executed and completed in accordance with established standards and within prescribed time, budget and scope parameters
Leads, implements, and/or conducts due diligence process reviews for potential areas of risk to ensure the business is always prepared for internal and external audit reviews
Provides insight or guidance to the executive leadership team to help inform or support decisions, as appropriate
Provides functional and business-level communications to ensure messages to stakeholders and/or employees are consistent, appropriate and aligned to business strategies and executive management direction
Directs the department to ensure that all activities are compliant with applicable internal and external requirements (e.g., financial controls, segregation of duties) and in conformance with professional and ethical standards
Creates and oversees talent plans and strategies to attract, motivate and retain a highly diverse, qualified and engaged staff to fulfill current and future business needs
Provides training and development opportunities, including stretch assignments, for team members and gives honest and open feedback to aid in the development of talent
Leads organizational initiatives by positively influencing and supporting change management and departmental or enterprise initiatives
Participates in appropriate TD and TDAF committees, providing subject matter expertise