FCRM Model Risk Governance Strategy

TD•Mount Laurel, NJ

1d•$96,130 - $155,950•Onsite

About The Position

The Financial Crime Risk Management (FCRM) Modeling & Advanced Analytics team is part of the FCRM organization and is responsible for developing, maintaining/enhancing, and governing the Enterprise Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF) models/AI solutions to support TD's global AML/CTF strategies, address emerging risks, and comply with regulatory requirements/changes and internal policies. We are looking for a Model Risk Governance Analyst to enhance and implement the model risk governance for the full FCRM's models and AI solutions. This is a critical role that liaises among model owners, developers, users, and other external stakeholders (such as Audit and Model Risk Management) to promote the best practice of model governance and ensure compliance with internal policies and external regulations. This role will also interpret policies and provide guidance to FCRM stakeholders on model/AI related policy, procedure, and process, as well as develop processes/tools to manage inventories, issues, and action items for the FCRM models.

Requirements

Undergraduate degree or advanced technical degree preferred (e.g., math, physics, engineering, finance or computer science).
Graduate's degree preferred with either progressive project work experience or 5+ year of relevant experience; higher degree education and research tenure can be counted.
Good understanding of Model and AI lifecycle, with fundamental knowledge of statistical and machine learning/artificial intelligence models.
Experience or excellent knowledge of model risk management within financial institutions and relevant regulatory requirements, such as SR 11-7.
Experience/knowledge of Financial Crime Risk Management practices and associated regulations.
Proven experience managing model inventory and issue remediations.
Strong project management experience, including planning, execution, and on-time delivery.
Excellent communication, meeting facilitation, and documentation skills to engage key stakeholders and business partners.
Outstanding analytical and critical thinking skills, with proactive and collaborative approach to adapt with a dynamic and evolving business environment.
Authorization to work in the United States without current or future need for TD sponsorship.

Responsibilities

Enhance and implement model risk governance for FCRM models and AI solutions.
Liaise among model owners, developers, users, and external stakeholders (Audit, Model Risk Management) to promote best practices in model governance.
Ensure compliance with internal policies and external regulations.
Interpret policies and provide guidance to FCRM stakeholders on model/AI related policy, procedure, and process.
Develop processes and tools to manage inventories, issues, and action items for FCRM models.
Works closely with business owners to identify opportunities and serves as an ambassador for data science.
Is familiar with the business context and data infrastructure and can translate business problems to viable data science solutions.
Uses a wide range of programming languages (e.g. Python) and techniques for extracting and preparing data, applying statistics and various advanced analytics, along with business acumen to extract insights from the big data.
Visualizes insights from the data to tell and illustrate stories that clearly convey the meaning of results to decision-makers and stakeholders at every level of technical understanding.
Collaborates with other partners, such as data and business analysts, software engineers, data engineers, and application developers to develop scalable and sustainable data science solutions that retains long term benefit to the business.
Analytical thought leadership and stays current on developments in data mining and the application of data science.
Solicits and offers ideas for improving business processes through insights with the objective of improving effectiveness and efficiency.
Educates the organization on approaches, such as testing hypotheses and statistical validation of result.
Helps the organization understand the principles and the math behind the scientist process to drive organizational alignment.
Translates up to date information into continuous improvement activities that enhances performance.
Adheres to enterprise frameworks or methodologies that relate to activities for business area.
Ensures respective programs/policies/practices are well managed, meet business needs, comply with internal and external requirements, and align with business priorities.
Participates in cross-functional/enterprise initiatives as a subject matter expert helping to identify risk/provide guidance for complex situations.
Monitors service, productivity and assesses efficiency levels within own function and implements continuous process/performance improvements where opportunities exist.
Leads/facilitates and/or implements action/remediation plans to address performance/risk/governance issues.
Actively manages relationships within and across various business lines, corporate and/or control 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 and 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.
Regular development conversations.
Training programs.
Online learning platform.
Mentoring programs.