Risk Analyst - 2LoD Controls Testing and Oversight

TD•Mount Laurel, NJ

10d•$61,880 - $99,320•Onsite

About The Position

The Governance & Control Analyst III provides specialized business governance and control guidance and support for a business or functional area and implements policies/processes and/or initiatives to meet business governance and control objectives. May provide complex reporting, analysis, testing and assessments at the functional or enterprise level and is generally a lead or SME for a given area/function. TD Bank is guided by the Three Lines of Defense (LOD) Risk Framework: Risk Ownership (1LOD), Risk Oversight (2LOD), and Internal Audit (3LOD). The second line is independent of the business and provides policies, standards, and methodologies, with the authority to assess and challenge the first line to ensure adherence to those standards. In this role, you will support the execution of independent 2LOD controls testing across business processes and technology platforms, and contribute to regulatory and internal risk reporting. This role provides independent review and challenge of First and Second Line processes, controls, data, and reporting practices to assess compliance with regulatory requirements, internal standards, and industry-leading practices. Responsibilities include evaluating end-to-end data lineage, data transformations, calculation methodologies, control frameworks, and reporting governance to validate the integrity, accuracy, and regulatory compliance of risk management and reporting processes.

Requirements

Undergraduate degree preferred
Broad knowledge of business and risk and control environment
4+ years of relevant experience
Solid knowledge of governance, risk and control procedures, strategies & tactics
Knowledge of current and emerging trends
Skill in using analytical software tools, data analysis methods and reporting techniques
Skill in using computer applications including MS Office
Ability to communicate effectively in both oral and written form
Ability to work collaboratively and build relationships
Ability to work successfully as a member of a team and independently
Ability to exercise sound judgement in making decisions
Ability to analyze, research, organize and prioritize work while meeting multiple deadlines
Ability to process and handle confidential information with discretion
Bachelor’s degree required
2+ years of experience in operational risk, risk management, internal audit, compliance testing, or related roles within financial services
Ability to interpret guidelines, standards, policies, and analysis results to inform decisions and provide effective challenge
Ability to work with large datasets and apply data analytics to support testing, insights, and reporting
Strong attention to detail, with the ability to identify root causes of issues and observations
Strong analytical and organizational skills, including the ability to manage multiple priorities and deadlines
Confidence and judgment to challenge the status quo and engage in constructive challenge when needed
Strong written and verbal communication skills; ability to build and maintain effective working relationships with cross-functional teams

Nice To Haves

Advanced degree and/or relevant certifications (e.g., CRISC, CISA, CIA, CPA, FRM, CFA) a plus
Experience using Microsoft Copilot and other approved generative and agentic AI tools to automate and improve tasks and processes
Knowledge of retail banking products, processes, and associated risk and control frameworks is considered a strong asset

Responsibilities

Support the execution of independent Second Line of Defense (2LoD) testing and validation programs across regulatory reporting, internal risk reporting, data risk management, and liquidity and capital risk management.
Provide independent review and challenge of First and Second Line processes, controls, data, and reporting practices to assess compliance with regulatory requirements, internal standards, and industry-leading practices.
Evaluate end-to-end data lineage, data transformations, calculation methodologies, control frameworks, and reporting governance to validate the integrity, accuracy, and regulatory compliance of risk management and reporting processes.
Execute independent 2LoD testing in the following areas: Control Design & Operating Effectiveness, Transactions Testing, Data Reconciliations, Logic Reperformance, Data Profiling/Analytics, End-User Computing (EUC) Review, Policy & Procedure Review, Governance/Oversight, and Regulatory Rule Compliance.
Identify opportunities to streamline and automate controls testing (where appropriate), including through the use of generative AI, agentic AI, and RPI.
Support maintenance of the testing inventory and update the testing universe and test plans based on regulatory developments and changes in the internal risk profile.
Partner with business and technology stakeholders to discuss key controls, potential control gaps, root causes, and remediation plans.
Assess processes and controls end-to-end and connect themes across issues to drive standardization of solutions, processes, and control design.
Manage deliverables proactively and provide clear, timely status updates, risks, and dependencies to management.
Provides specialized business governance and control related advice/support to management/leadership and respective teams for area(s) of specialization.
Leads on the implementation of governance and control initiatives in support of the overall business/function strategy.
Manages a set of business governance and control work activities requiring coordination across multiple areas.
Reviews processes and controls and connects the dots across issues and control deficiencies in order to increase standardization of solutions, processes and controls.
Supports/manages the integrated implementation of policies/processes/procedures/changes across multiple functional areas.
Provides subject matter expertise to projects/initiatives, and participates in identifying, designing and testing solutions and supporting implementation activities.
Ensures programs/policies/practices are well-managed, meet business needs/priorities, and comply with internal/external requirements.
Exercises discretion in managing communication/correspondence, information and all matters of confidentiality.
Conducts research projects; supports the development/delivery of materials and presentations to management or broader audience.
Adheres to enterprise frameworks or methodologies that relate to activities for own business area.
May lead work streams by acting as a project lead/SME for medium-scale projects/initiatives in accordance with project management methodologies.
Protects the interests of the organization – identifies and manages risks, and escalates non-standard, high-risk transactions/activities as necessary.
Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite.
Is knowledgeable of and complies with Bank Code of Conduct.
Participates as a member of the team, supports a positive work environment and ensures timely communication.
Supports team by regularly enhancing knowledge/expertise in own area and participates in knowledge transfer.
Keeps current on emerging trends/developments and grows knowledge of the business, related tools and techniques.
Keeps others informed about the status/progress of projects.
Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.
Contributes to a fair, positive and equitable environment.
Acts as a brand ambassador for your business area/function and the Bank.

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
Training programs
Competitive benefits plan
Online learning platform
Mentoring programs