Senior Compliance Testing Analyst (US)

TD Bank•Charlotte, NC

1d•Onsite

About The Position

TD Bank US Compliance is building a more resilient and scalable compliance risk management function. As part of this team, you will play a key role in reshaping compliance structures and processes, driving innovation at every level. This role offers the chance to make a tangible impact in day-to-day operations and in the design of a future-focused compliance program, creating a culture of compliance that will cascade throughout the organization. The ideal candidate will thrive in a fast-paced, start-up-like setting, managing day-to-day operations while helping design and implement a forward-thinking compliance program. An entrepreneurial mindset, initiative, comfort with ambiguity, and the ability to excel in a dynamic, evolving landscape are essential. This role is for someone seeking an intellectual challenge, with a desire to learn, and committed to building something impactful from the ground up. The U.S. Compliance Monitoring and Testing Team, within second line Compliance, is responsible for executing independent, risk-based compliance testing and validation activities to assess the effectiveness of operational procedures and controls related to regulatory compliance. Testing activities are designed to assess controls and regulatory outcomes in relation to compliance with applicable laws, rules, and regulations. Issue validations involve the independent assessment of the appropriateness, completeness, effectiveness, and sustainability of corrective actions taken to address identified issues.

Requirements

Undergraduate degree or equivalent work experience
5+ years of experience
Prior testing, audit or business operations experience in areas involving regulatory compliance.
Prior experience with execution of testing, validation or audit activities.
Detail oriented and well-developed organizational, time management and project management skills.
Strong verbal and written communication skills.
Ability to manage multiple tasks and competing priorities.
Proficiency with Microsoft Office applications.
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

Researches, reviews, and maintains expertise on banking regulations and laws, banking policies and procedures, and consumer protection laws.
Acts as a subject matter expert for regulations applicable to business partners and provides guidance and advice with respect to the business partners' compliance with such regulations directly related to the operations of the business.
Helps develop test steps to test the business line against these regulatory requirements.
Assists management in writing findings as applicable to address areas of improvement identified during independent testing and assists management in presenting these findings to business line staff and senior management.
Contributes to the analysis, due diligence, and implementation of initiatives within defined area of responsibility.
Assists in identifying potential opportunities to improve the Compliance Management System.
Understands the operations of the business unit/area being tested and to identify potential Compliance risks and apply information to complete a quality, risk based engagement.
Keeps abreast of emerging trends/developments and changes to regulatory framework, internal policies, and standards.
Assists management in communicating results to the client.
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.
May provide coaching to other team members as appropriate.
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.

Responsibilities

Execute independent testing and validations as part of the second line of defense to assess regulatory compliance of businesses and/or operational units across the Bank in accordance with U.S. Compliance Monitoring and Testing's approved testing and validation methodology.
Execute independent testing of Compliance controls/systems for assigned businesses and operational units across the Bank along with providing expertise on Compliance controls/processes.
May assume leadership of a part of the engagement and have responsibility for completion of a phase of the engagement.
Exercise sound and expert independent professional judgment and discretion in interacting and communicating with staff and senior management of the Bank with respect to regulatory compliance and risk matters.
Independently research, review, and maintain expertise on banking regulations and laws, banking policies and procedures, and consumer protection laws.
Act as a subject matter expert for regulations applicable to business partners and provide guidance and advice with respect to the business partners' compliance with such regulations directly related to the operations of the business.
Work independently to learn regulatory requirements tied to business units assigned for review, help develop test steps to test the business line against these regulatory requirements, perform complex analysis/testing of the business line controls/processes, summarize the results of testing, and analyze the results to identify areas of improvement to be discussed with the business lines.
Assist management in writing findings as applicable to address areas of improvement identified during independent testing and assist management in presenting these findings to business line staff and senior management.
Oversee and/or independently perform assigned work from end to end.
Execute more complex and/or non-standard assignments as requested.
Execute testing engagement work in accordance with established standards to achieve completion within target timelines.
Conduct skilled analytical research and analysis as part of the testing engagement and initiatives.
Work collaboratively with key Compliance and business line partners throughout the testing engagement.
Identify potential errors following testing standards.
Execute validation of findings raised from testing engagements in accordance with established standards.
Proactively identify matters which require additional attention, further escalation, or review.
Prioritize and manage own workload to deliver quality results and meet assigned timelines.
Contribute to the analysis, due diligence, and implementation of initiatives within defined area of responsibility.
Adhere to internal policies, standards and procedures, methodologies, and applicable regulatory requirements to contribute to the review of internal processes and activities and assist in identifying potential opportunities to improve the Compliance Management System.
Understand the operations of the business unit/area being tested and identify potential Compliance risks and apply information to complete a quality, risk-based engagement.
Clearly and concisely document research as required to understand requirements specific to an engagement.
Keep abreast of emerging trends/developments and changes to regulatory framework, internal policies, and standards.
Provide analysis on issues and effectively communicate results to Compliance Testing management and assist management in communicating results to the client.
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 promote 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.
May provide coaching to other team members as appropriate.
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.