Senior Compliance Analyst – Consumer Product Regulations

TD•Portland, ME

2d•Onsite

About The Position

The Senior Compliance Business Oversight Analyst provides objective guidance, support and advice to assigned portfolio, business, or function to promote strong Compliance controls and processes are in effect to mitigate inherent associated risks. This role contributes to the development and implementation of Compliance programs related to all aspects of Compliance laws. Expected to exercise sound and expert independent professional judgment and discretion in interacting and communicating with staff and senior management of the Bank with respect to significant regulatory compliance risk matters. Empowered to make prudent professional decisions in rendering advice and counsel to business lines or assigned areas, on compliance matters and regulatory risks which may impact performance of the business and overall enterprise strategies and objectives. Expert level professional role requiring in-depth knowledge/expertise in Compliance and working knowledge of broader related areas. Provides advanced analysis and/or specialized reporting to support business partners, functional areas or centers of expertise. Research, review and maintain expertise on banking regulations and laws, banking policies and procedures, and consumer protection laws. Acts as the primary subject matter expert for regulations applicable to business partners and provides guidance, consultation and expert advice with respect to the business partners' compliance with such regulations directly related to the operations of the business. Creates training content and may train business partners on regulatory requirements. Advises the business with respect to the implementation of new and amended regulatory requirements. Independently reviews and utilizes discretion, judgement and specialized expertise in approving the documentation for business line use: disclosures; forms; customer-facing correspondence; operating procedures; and policies. Independently performs targeted and periodic monitoring of business activities for compliance with regulatory requirements and regulator expectation. Identifies and communicates areas of non-compliance and/or material control weaknesses. Responsible for the oversight of business partners' remediation of regulatory issues, including exercising discretion and independent judgment in reviewing and approving remediation action plans. Responsible for assessing regulatory risk associated with new products, services and other initiatives that have significant operational or financial impact. Integrates the broader organizational context into advice and solutions within the Compliance area. Understands the industry, competition and the factors that differentiate the organization. Leads projects of moderately to complex risks and resource requirements; may lead end-to-end processes or functional programs. Contact for business management, external/internal auditors, dealing with non-routine information. Recommends and implements solutions within own area of responsibility. May need to coordinate/integrate work with other areas as needed. Identifies and leads problem resolution for complex requirements related issues at all levels.

Requirements

Undergraduate degree preferred or equivalent work experience
5+ years relevant experience
Proficient knowledge of a variety of products and services, systems, and compliance advisory standards, procedures, laws, rules, regulations and controls
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 judgment in making decisions
Ability to analyze, organize and prioritize work while meeting multiple deadlines
Ability to handle confidential information with discretion
Performing sedentary work – Continuous
Performing multiple tasks – Continuous
Operating standard office equipment - Continuous
Sitting – Continuous
Concentrating for long periods of time – Continuous
Applying common sense to deal with problems involving standardized situations – Continuous
Reading, writing and comprehending instructions – Continuous
Adding, subtracting, multiplying and dividing – Continuous

Nice To Haves

Previous QA/QC testing and/or audit work experience
Risk management environment, standards and regulations work experience.
A SME around consumer banking Regulations (ex. Reg CC, Reg E, Reg DD, Reg Z)
Knowledge of current and emerging trends
Skill in using advanced analytical software tools, data analysis methods and specialized reporting techniques
Skill in using computer applications including MS Office
Performing multiple tasks – Continuous
Operating standard office equipment - Continuous
Responding quickly to sounds – Occasional
Sitting – Continuous
Standing – Occasional
Walking – Occasional
Moving safely in confined spaces – Occasional
Lifting/Carrying (under 25 lbs.) – Occasional
Squatting – Occasional
Bending – Occasional
Reaching forward – Occasional
Twisting – Never
Concentrating for long periods of time – Continuous
Applying common sense to deal with problems involving standardized situations – Continuous
Reading, writing and comprehending instructions – Continuous
Adding, subtracting, multiplying and dividing – Continuous
Domestic Travel – Occasional
International Travel – Never
Lifting/Carrying (over 25 lbs.) – Never
Kneeling – Never
Crawling – Never
Climbing – Never
Reaching overhead – Never
Pushing – Never
Pulling – Never

Responsibilities

Assists in the development and implementation of appropriate Compliance policies, processes and controls
Facilitates the periodic Compliance risk and self-assessment activities for designated business using TD’s Enterprise Compliance Risk Assessment Framework
Monitors that assessments (monitoring, risk assessment etc.) are completed and communicated in a continuous and timely fashion
Guides and complements the assigned portfolio in terms of financial, regulatory and risk management requirements
Interacts with control functions within the organization
Develops analysis and insights, prepares and delivers management reporting necessary to promote accurate and thorough measurement of the risk factors present in various products
Updates business line policies and Compliance Team procedures
Analyzes Compliance requirements and establishes they are properly written into requirements for business projects and approved at the appropriate levels
Works directly with business management, and with internal and external business partners (e.g., Internal Audit, external consultants) to respond to regulatory requests, findings, audits and/or examinations
Keeps abreast of emerging issues, trends, and evolving regulatory requirements in the Compliance industry and assesses potential impacts
Coordinates with other Compliance partners and business governance and control partners to promote consistency in the application of Compliance programs and standards across the enterprise
Supports in determining risk exposure, mitigation, and controls for new products, marketing campaigns, and expansion of existing programs
Conducts enterprise wide annual risk assessment for all TD businesses
Supports the business lines with compliance/risk controls and periodically evaluates risk mitigation efforts to adjust as risk/department influences change
Protects the interests of the organization – identifies and manages risks, and promotes the prompt and thorough resolution of escalated non-standard, high risk issues
Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and promotes timely communication of issues/points of interest
Provides thought leadership and or industry knowledge for own area of expertise and participates in knowledge transfer within the team and business
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