KYC Specialist - KYC Testing & Strategy

TD • Mount Laurel Township, NJ

1d • $91,000 - $136,240

About The Position

The KYC Specialist develops and maintains TD’s KYC programs, including frameworks, methodologies, procedures, awareness and monitoring, management reporting and/or escalation of issues. This role conducts periodic and event driven KYC due diligence reviews of customers, including targeted reviews as per KYC Ops Policy to assess risks as needed. Depth & Scope: Performs more advanced, complicated, or high visibility job functions aligned with policies, standards, procedures, and job aids Works with senior management on highly complex, confidential, or high visibility projects Ensures that work products are fit for purpose and audit/regulator ready Suggests process improvements to drive better results from efficiency, accuracy, or quality of work product Leads initiatives to help bring these improvements to fruition. Works with senior management to ensure that special projects are brought to fruition Highly seasoned professional role requiring substantial knowledge/expertise in a complex field and knowledge of broader related areas Integrates knowledge of the sub-function’s overarching strategy in developing solutions across multiple functions or operations Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes, or services Acts as a technical expert/lead integrating cross-function understanding within their own field of specialty Leads cross-functional teams or projects with significant resource requirements, risk and/or complexity Independently manages end-to-end functional programs Solves or may lead others to solve complex problems; leads efforts or partners with others to develop new solutions Uses sophisticated analytical thought to exercise judgement and identify solutions Impacts the achievement of sub-function or business line objectives within the area they are accountable for Work is guided by policies and industry standards/methods Communicates difficult concepts; converts information to compelling business context and advice; influences and gains alignment across increasingly senior stakeholders Works autonomously as the lead and guides others within area of expertise

Requirements

• Undergraduate Degree or equivalent professional work experience
• 6+ Direct experience in financial services or similar industries including fraud, know your customer, anti-money laundering, sanctions screening, or similar roles for new joiners. (or)
• 10+ years' experience in an unrelated role involving information fluency, investigation, research, or financial services broadly but not specifically KYC or AML. (or)
• Or for an internal candidate proven track record of excellence through metrics or manager discretion

Responsibilities

• Leads development of team procedures and governance processes and advises teams of changes and enhancements to enterprise KYC Ops programs and requirements and where they may impact in the organization and how this may impact the line of business
• Works with FCRM partners and other related groups (such as Compliance, Legal and Risk etc.) to support creation of documentation and reports required by external regulatory bodies and TD internal groups
• Assesses risks and controls for KYC Ops, and otherwise contributes to the KYC Ops team interacting with key stakeholders including the Line of businesses
• Provides governance oversight through management of the training exemption governance and reporting processes to the KYC Ops Team
• Prepare summaries, presentations, briefing notes, and any other required documentation to effectively report on the status of the KYC Ops program
• Represents KYC Ops as a specialist on internal or external committees as well as on enterprise-wide Regulatory Change Management initiatives, as required
• Delivers relevant subject matter expertise and AML advice to business/GAML partners
• Interacts with control functions within the organization
• Conducts meaningful research, analysis, and assessment of KYC Ops program activities at the functional level using results to draw conclusions, make recommendations, assess the effectiveness of KYC Ops programs
• Prepares research, analysis, update tools and/or support training activities specific to risk assessment
• Creates, maintains, and improves process maps and reports.
• Serves as a subject matter expert for specific processes within the overall KYC program
• Supports management in delivery of initiatives related to risk assessment, internal/external exam support, etc.
• Provides high quality service and advice to key business partners and monitor progress of initiatives, action plans, or similar activities as required
• 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 advice to business partners
• Leads new or revised product initiatives, advise businesses on KYC Ops requirements, and ensures that those requirements are properly written into requirements for business projects
• Participates in KYC Ops level projects as needed, to facilitate and oversee changes to processes, systems, or practices
• Coordinate with other partners and business partners to ensure consistency in the application of KYC Ops programs and standards across the enterprise
• Ensures relevant KYC Ops programs align with TD corporate philosophy, strategic direction, and TD’s risk appetite
• Proactively identifies key business opportunities, researches, and recommends enhancements/modifications, 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/provide 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 the bank's risk appetite
• Participates in responding to periodic exams/audits by regulatory bodies and Internal Audit, to determine level of 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 in own area 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

Benefits

• Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals.
• 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: 101-250 employees