Recovery and Resolution Planning Manager -Scenario Projection and Analytics

TD Bank•Mount Laurel, NJ

1d•$91,000 - $145,600•Onsite

About The Position

The Recovery and Resolution Plan (RRP) group manages the Recovery and Resolution Plan for TD Bank's US entities. This group functions under the US Treasury. The Recovery and Resolution Plan is governed by guidelines issued by US regulatory agencies and must be submitted to regulators according to established deadlines. These plans are comprehensive and necessitate coordinated engagement with stakeholders throughout the Bank. The Resolution Plan submission requires Stress scenario projection that is designed to ensure that the Bank can be liquidated in an orderly manner without causing wider adverse impacts on the financial systems. The Recovery Plan requires submitting results from a severe stress scenario to demonstrate the Bank's ability to recover from significant losses in liquidity and capital. The Recovery and Resolution Planning Manager leads work streams within the Recovery and Resolution Planning function, including development of required outputs, liaison with relevant stakeholders, briefings to senior management and production of associated reporting. This is a highly seasoned professional role requiring substantial knowledge / expertise in a complex field and knowledge of broader related areas. The role integrates knowledge of the enterprise sub-function’s or business line’s overarching strategy in developing solutions across multiple functions or operations. It involves interpreting internal/external business challenges and the industry environment, recommending courses of action and best practices to improve products, processes or services. The manager develops, maintains, and enhances processes, reports, procedures, and control frameworks, and manages the interpretation of new regulatory guidance, operationalizing it for responsible areas within the Bank to ensure regulatory expectations are met within owned work streams. The position also involves identifying risk associated with sharing Confidential Supervisory Information (CSI), executing control testing, and leading the development of distinct testing exercises to support crisis capabilities and/or resolvability of the Bank. The role includes developing specific sections of the recovery and resolution plans, coordinating and leading meetings as required, and acting as a technical expert / lead integrating cross-function understanding within their field of specialty. The manager independently manages end-to-end functional programs, solves or leads others to solve complex problems, and leads efforts or partners with others to develop new solutions. They use sophisticated analytical thought to exercise judgment and identify solutions, impacting the achievement of sub-function or business line objectives within their area of accountability. Work is guided by policies and industry standards/methods, and the role requires communicating difficult concepts, converting information to compelling business context and advice, and influencing and gaining alignment across increasingly senior stakeholders. The manager works autonomously as the lead and guides others within their area of expertise.

Requirements

Undergraduate degree required
7+ years of experience

Responsibilities

Lead work streams within the Recovery and Resolution Planning function, including development of required outputs, liaison with relevant stakeholders, briefings to senior management and production of associated reporting.
Develop, maintain, and enhance processes, reports, procedures, and control frameworks.
Manage the interpretation of new regulatory guidance, operationalize it for responsible areas within the Bank and ensure that the Bank meets regulatory expectations within work streams owned.
Identify risk associated with sharing Confidential Supervisory Information (CSI).
Execute the process of control testing.
Lead development of distinct testing exercises to support crisis capabilities and/or resolvability of the Bank.
Develop specific sections of the recovery and resolution plans.
Coordinate and lead meetings as required.
Act as a technical expert / lead integrating cross-function understanding within their own field of specialty.
Independently manage end-to-end functional programs.
Solve or lead others to solve complex problems; lead efforts or partner with others to develop new solutions.
Use sophisticated analytical thought to exercise judgement and identify solutions.
Impact the achievement of sub-function or business line objectives within the area they are accountable for.
Communicate difficult concepts; convert information to compelling business context and advice; influence and gain alignment across increasingly senior stakeholders.
Work autonomously as the lead and guide others within area of expertise.
Facilitate working groups and manage internal and external relationships as required.
Contribute to development of RRP documents and artifacts.
Provide project management and administrative support to the team as required.
Adhere to enterprise frameworks or methodologies that relate to activities for the business area.
Consistently exercise discretion in managing correspondence, information and all matters of confidentiality; escalate issues where appropriate.
Ensure respective programs/policies/practices are well managed, meet business needs, comply with internal and external requirements, and align with business priorities.
Protect the interests of the organization – identify and manage risks, and escalate non-standard, high risk activities as necessary.
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).
Provide organizational support and governance oversight for test delivery, as well as complete regulatory write-ups on performed tests, as required.
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.
Monitor service, productivity and assess efficiency levels within own function and contribute to the continuous improvement of all frameworks, processes, and procedures across Recovery & Resolution Planning.
Actively manage relationships within and across various business lines, corporate and/or control 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 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.

Benefits

base salary
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
competitive benefits plan
online learning platform
variety of mentoring programs