Risk Analyst - 2LoD Controls Testing and Oversight

TD Bank•Mount Laurel, NY

15h•Onsite

About The Position

The Group Risk Analyst II provides a broad range of risk analysis, reporting, monitoring and/or support to business partner requests and acts as a specialist/expert in providing guidance/advice on a range of risk related matters within assigned or own area of specialization. The Group Risk Analyst II may support and/or provide oversight, commentary, and strategy analysis in connection to team and/or individual initiatives. 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 authority to assess and challenge the first line’s adherence to those expectations. In this role, you will support the scoping and execution of independent 2LOD controls testing across business processes and technology platforms, and contribute to regulatory and internal risk reporting.

Requirements

Undergraduate degree or technical certificate and/or 2+ years relevant experience
Solid knowledge of risk management policies, programs & reporting for business supported and/or area of discipline
Knowledge of risk management environment, standards and regulations
Knowledge of current and emerging trends
Ability to identify problems, evaluate alternatives and implement effective solutions
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, organize and prioritize work while meeting multiple deadlines
Ability to 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 at senior levels
Ability to work with large datasets and apply data analytics to support testing, insights, and reporting
Strong attention to detail and a demonstrated ability to identify root causes behind issues and observations
Strong analytical, problem-solving, and organizational skills
Confidence to challenge the status quo and navigate difficult conversations with professionalism and tact
Strong written and verbal communication skills, with the ability to build and maintain effective working relationships across functions

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 financial services industry products and related reporting is a plus
Business Banking experience is an asset

Responsibilities

Execute independent 2LOD testing of business and technology controls, including test planning, fieldwork, and documentation
Execute independent 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
Monitor emerging risk and regulatory trends, identify issues and opportunities, and recommend actions to management
Manage deliverables proactively and provide clear, timely status updates, risks, and dependencies to management
Perform ongoing risk analysis, escalate concerns appropriately, and support concise reporting for internal governance and regulatory needs
Develops and operationalizes standards, policies and processes to identify, report and mitigate overall risk exposures within the business
Proactively analyzes potential risks and ensures key risks are aggregated/escalated to appropriate areas
Supports ongoing risk measurement activities by acquiring, analyzing and reporting business operational or relevant loss data
Establishes and provides regular risk analysis and reporting on operational loss performance of the business
Supports business with analysis and reporting on risk issues and their impact which may include scenario analysis
May be responsible for coordinating business continuity management (BCM) processes and supporting regulatory/compliance related initiatives impacting overall risks to the business (e.g. CDIC, anti-money laundering)
Supports established enterprise-wide risk escalation, review and approval processes, data management, policies and risk assessment processes
Contributes to the monitoring of Key Risk Indicators through the identification of key risk drivers for the business
May also monitor/report on compliance, management, and strategic initiatives
Provides regular commentary and industry analysis in supporting the development/maintenance/oversight of policies/procedures/ practices
Adheres to enterprise frameworks or methodologies that relate to activities for our business area
Ensures respective programs/policies/practices are well managed, meet business needs, comply with internal and external requirements, and align with business priorities
Ensures 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)
Participates in cross-functional/enterprise/initiatives as a subject matter expert helping to identify risk/provide guidance for complex situations
Conducts internal and external research projects; supports the development/delivery of presentations/communications to management or broader audience
Conducts meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations and assess the effectiveness of programs/policies/practices
Monitors service, productivity and assesses efficiency levels within own function and implements continuous process/performance improvements where opportunities exist
Leads/facilitates and/or implements actions/remediation plans to address performance/risk/governance issues
Actively manages relationships within and across various business lines, corporate and/or oversight 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