Senior Manager, Compliance Testing - Wealth Compliance

TD • Portland, ME

1d • $115,440 - $186,160

About The Position

Why Work with Us? At TD Bank US Compliance, we're on a mission to build a more resilient and scalable compliance risk management function. As part of our team, you'll play a key role in reshaping compliance structures and processes, driving innovation at every level. Here, each team member has a chance to make a tangible impact – both in day-to-day operations and in the design of a future-focused compliance program. This not just about implementing a new program – it's about creating a culture of compliance that will cascade throughout the organization. Job Description Summary: The Senior Manager, Compliance Testing oversees and develops team(s) of specialists and/or managers conducting independent Compliance testing to meet regulatory and internal requirements. This role provides guidance, leadership, coaching, and development to achieve desired operational results and professional/personal development objectives for the overall group. Provides assistance/expertise to other Compliance testing teams as appropriate. Depth & Scope: Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required Responsible for the timely execution of the Compliance testing plan Typically deals with senior/executive management in communicating Compliance testing results Leverages deep industry, external/internal, enterprise knowledge, recognizing and anticipating emerging trends and; identifying operational efficiencies and opportunities with other business management/enterprise areas through testing engagements Provides guidance and clarity around priorities and goals for Compliance testing program and works with managers to ensure the goals cascade to all workers Guides talent identification and development processes Key contact for dealing with a range of complex issues, including non-routine information Manages and prioritizes the team to deliver on multiple reviews and projects at a given time Identifies and leads problem resolution for project/program complex requirements related issues at all levels

Requirements

• Undergraduate degree or equivalent work experience
• 10+ years of experience

Nice To Haves

• Experience with testing SEC, FINRA, MSRB and state securities regulatory requirements; Regulation 9 (bank fiduciary regulatory requirements); state insurance (annuities and life insurance) regulatory requirements.

Responsibilities

• Manages teams of compliance testing specialists and/or managers in the execution of Compliance Testing engagements and validation of action plans in accordance with established standards
• Conducts skilled analytical research and analysis as part of the testing engagement and initiatives
• Develops, implements, tracks, and reports on Compliance testing schedules
• Provides overall strategic direction to support the Compliance Testing Program, Procedures, and processes so that they stay current with established standards and regulatory expectations
• Acts as a subject matter expert and strategic advisor by providing guidance on Compliance issues to management, business units, and respective teams for area of specialization
• Reports on emerging trends, identifying risks and opportunities, and recommending action to senior management
• Understands risk identification, risk analysis, and risk mitigation according to the regulatory requirements and best business practices
• Supports relationships with key partners to effectively manage and clarify scope of accountabilities while influencing and aligning others as needed
• Provides functional/business level communications to stakeholders and/or leaders that are consistent, appropriate, and aligned with strategic direction
• Works closely with key business leaders to develop business plan, ensuring the optimal use of resources and leverages TD’s operating model to maximize efficiency, effectiveness and scale
• Plans and executes on strategic activities, reviews and communicates results, and adjusts tactics accordingly
• Maintains extensive knowledge of business units and regulatory requirements/compliance issues within the Compliance area
• Provides subject matter expertise, complex analysis and advice to business partners/team and applies knowledge in following up on outcomes, investigating and/or enforcing policy
• Identifies and implements opportunities for continuous improvement in the Compliance Testing Program
• Leads relationships with business lines/corporate and/or control functions to promote alignment with enterprise and/or regulatory requirements
• Supports team and management in staying knowledgeable on emerging issues, trends, and evolving regulatory requirements and assesses potential impacts to the Bank
• Assesses/identifies key issues and escalates to management where required
• Supports the facilitation of action/remediation plans as a result of an internal audit and/or regulator review of Compliance Testing Program
• Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts to the Bank
• Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite
• Responsible for management of the overall team providing both leadership and guidance
• Sets targets and objectives for the team, and delivers results
• Grows team expertise to align with business/enterprise demand and direction; assesses team skills and capabilities and continually looks for ways to provide and enhance the value delivered
• Leads a high performing team; provides on-going feedback and performance reviews, coaches and develops employees and ensures performance management activities are undertaken and completed for all employees
• Leads the process of setting performance objectives for the team; tracks, monitors and effectively addresses and/or rewards performance in a timely manner
• Manages employees in compliance with all human resources policies, procedures and guidelines of conduct
• Shares knowledge, information, skills, and subject matter expertise among the team and promotes the timely communication of issues and encourages good working relationships with other functions and teams
• Supports an environment where team freely escalates business challenges; facilitates change through positive reinforcement of milestones and successes
• Recruits for all hires to ensure a highly diverse, qualified workforce to achieve business objectives
• Establishes and fosters a cohesive team; promotes a fair and equitable environment that supports a diverse workforce and encourages the team to achieve common goals and objectives
• Acts as a brand ambassador for your business area/function and the bank, both internally and/or externally

Benefits

• Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as 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, and reward and recognition.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees