Senior Manager, Financial Crime Risk Business Oversight (US)

TD • Fort Lauderdale, FL

4d • $115,440 - $186,160

About The Position

The Digital Assets Program team sits within FCRM Business Oversight and is responsible for identifying emerging financial crime risks for new client relationships, the offering of products and services, and new initiatives related to digital assets enterprise wide. The DAP team is also responsible for advising and assisting in the development, drafting, and effective implementation of policies, procedures, and controls specific to digital assets. The DAP team also participates on project steering committees, advisory committees, and is responsible for maintaining and updating senior leadership on developments in the digital asset ecosystem. The role of Sr. Manager will be responsible for assisting the Head of Digital Asset Programs in managing the workflows for the team, directing engagements with the business/product strategy teams, first line of defense entities, other second line teams, and third line audit functions on AML/CFT/KYC/EDD policies and procedures for digital assets for client on-boarding, offering new products and services, and adding new initiatives across all TD entities. The position further serves as an advisor to transaction monitoring, screening, and audit, to develop controls and testing benchmarks within the digital asset space, and serves as a high-level advisor to senior executives on specific trends in digital assets. The ideal candidate will have 10 years of experience working in AML/CFT/KYC/EDD in the financial services industry, or in a consulting or law firm advising companies on the same. They must have familiarity with AML/ CFT/Sanctions monitoring procedures as mandated by the BSA, FINTRAC, Wolfsberg Group, Basel Institute, FATF, etc., and be familiar with specific red flag money laundering typologies and standard controls for these areas; they will have experience in reviewing and drafting policies and procedures for new products and initiatives, and is comfortable reporting findings and solutions to senior management, is able to work well with others, particularly in cross-team efforts, and is familiar with the use of case management and investigations software platforms such as Oracle. The Senior Manager, Financial Crime Risk Business Oversight oversees the team and leads 2nd-line oversight activities and monitoring of the AML/ATF/Sanctions/ABAC compliance programs for covered TD businesses and legal entities, including managing critical program initiatives and handling complex/high-risk matters and escalations.

Requirements

• Undergraduate degree or equivalent work experience
• 10+ years experience
• familiarity with AML/ CFT/Sanctions monitoring procedures as mandated by the BSA, FINTRAC, Wolfsberg Group, Basel Institute, FATF, etc.
• be familiar with specific red flag money laundering typologies and standard controls for these areas
• have experience in reviewing and drafting policies and procedures for new products and initiatives
• is comfortable reporting findings and solutions to senior management
• is able to work well with others, particularly in cross-team efforts
• is familiar with the use of case management and investigations software platforms such as Oracle

Nice To Haves

• Experience with financial products in the payment space, particularly cross-border transfers, and familiarity with controls in that space is a plus.
• A knowledge and interest of digital assets and blockchain technology is preferred but not required.
• The ideal candidate will need to be a self-starter who is able to move nimbly and be comfortable with emerging issues, and responding quickly to requests from senior management, much of which will be issues of first impression.
• ACAMS, CFCS, or a like certificate is preferred but not required.
• A Juris Doctor from an accredited law school is a plus.

Responsibilities

• Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance, supporting compensation decisions, promoting teamwork, and handling disciplinary actions, as required
• Supports the development of a high-performance business oversight team as a member of the Leadership team
• Oversees and leads a large and/or highly complex and diverse AML/ATF/Sanctions/ABAC function for an area of significant risk, complexity or scope while growing talent, developing skills and capabilities to achieve career goals, support project/initiative success and achieve business results
• Provides oversight to programs for an assigned portfolio of complex and dynamic TD businesses and legal entities
• Maintains highly specialized expertise and in-depth knowledge to manage AML/ATF/Sanctions/ABAC programs for multiple, significant complex businesses, functional areas and/or global business lines
• Provides coaching, mentorship and guidance to practitioners, business, executives within area of expertise
• Manages and oversees the overall discipline and strategy for the AML/ATF/Sanctions/ABAC area while aligning to the enterprise best practices
• Position typically deals with senior/executive management
• Key contact for business management, regulators, and external/internal auditors, dealing with a broad range of issues including non-routine information
• Focuses on longer-range planning for functional area (e.g., 12 months or greater)
• May manage and prioritize multiple projects at a given time
• Acts as highest point of team escalation for resolution and provides direction to resolve issues or escalate
• Leads and manages a high performing team on delivery of AML/ATF/Sanctions/ABAC compliance programs and culture
• Provides guidance, leadership, coaching and development to direct reports to ensure operational results and professional/personal development objectives are achieved
• Provides strategic direction on a broad and diverse range of complex AML/ATF/ Sanctions/ABAC program activities
• Proactively advises covered TD businesses of new and changed AML/ATF/Sanctions/ABAC regulatory and/or policy requirements and articulates the impact to their processes and controls
• Contributes to the development and implementation of AML/ATF/Sanctions/ABAC Compliance programs
• Works with senior business unit management/partners to develop proactive strategies, tactics, policies, and programs to effectively manage regulatory/compliance issues
• Provides insight, guidance, and recommendations and acts as a specialized resource to other departments based on subject matter expertise including, but not limited to, customer identification and due diligence, enhanced due diligence, policy, governance, training and/or compliance assurance and testing
• Manages and provides oversight on day-to-day operations of the department and participates in enterprise wide or Customer focused special projects on behalf of FCRM
• Delivers subject matter expertise and AML/ATF/Sanctions/ABAC guidance to business management, including developing and maintaining management reporting and analysis
• Coordinates/Manages the team’s participation in / responses to regulatory examinations and internal/external audits, reviewing, packaging, and tracking and providing information for department executive
• Develops and oversees the implementation of business line policies and procedures
• Works closely with leaders to develop and operationalize the business plan and deliver on AML/ATL/Sanctions/ABAC programs across the enterprise
• Plans and executes on strategic activities, reviews, and communicates results, and adjusts tactics accordingly
• Proactively identifies key business opportunities, research, and recommends enhancements/modifications, develops strategies to achieve recommendations and works closely with team to execute and implement
• Understands TDBG issues/parameters and guides others to protect the reputation and interest of TDBG by adhering to operating standards and processes related to AML/ATF/ Sanctions/ABAC
• Provides oversight on risk assessment processes as required
• Protects the interests of the organization – identifies and manages risks, and escalates non-standard, high-risk transactions/activities as necessary
• Keeps current on 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
• Liaises with regulatory and law enforcement agencies on AML/ATF/Sanctions/ABAC examinations and related inquiries
• Ensures employees are building and enhancing their knowledge and expertise; and employees assume responsibility in minimizing operational and regulatory risk by complying with Bank policy and Code of Conduct
• Responsible for management of the overall team providing both leadership and guidance
• Contributes to the development of business line and/or enterprise functional strategic priorities within their operational area or field of specialty
• 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 ensures 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: 101-250 employees