Senior Manager, TD Insurance Enterprise Risk

TD•Toronto, ON

11d•Onsite

About The Position

This role serves as a key liaison with OSFI for TDI related matters, providing Risk subject matter expertise and partnering with key stakeholder groups such as Compliance, Legal, Audit, and AML. The position involves managing TDI governance committees, including the TDI Risk Committee, Reserving committees, and Premium committees, and supporting TDI Board Meetings. The Senior Manager will lead and develop TDI Risk frameworks, policies, standards, and procedures in coordination with management, aligning with TD’s Risk Program. This role requires working with the executive team and senior business management to develop proactive strategies, tactics, policies, and programs to effectively manage regulatory/compliance issues, and coaching to ensure functional/operational problems are handled appropriately. The Senior Manager will also manage OSFI examinations and external/internal audits concerning TDI.

Requirements

Undergraduate degree and 7+ years in Risk and Control areas

Responsibilities

Act as key liaison with OSFI for TDI related matters and provide Risk subject matter expertise.
Partner effectively with key stakeholder groups such as Compliance, Legal, Audit, AML.
Manage TDI governance committees including but not limited to, TDI Risk Committee, Reserving committees, Premium committees and support TDI Board Meetings.
Manage/maintain mandate and membership of the committees.
Lead the committee meetings, manage quorum, minutes and action items; Follow up on action items with the leaders across TDI.
Lead and develop TDI Risk frameworks, policies, standards, procedures in coordination with management in line with TD’s Risk Program.
Work with executive team, senior business management/ partners to develop proactive strategies, tactics, policies and programs to effectively manage regulatory/ compliance issues.
Coach to ensure functional/ operational problems are handled appropriately, and participate in the negotiation and resolution of complex and/or escalated issues, where necessary.
Manage OSFI examinations and external / internal audits with respect to TDI.
Maintain TDI risk frameworks and methodologies and update as necessary.
Manage RCM program as an Oversight Function for Insurance related regulations.
Ensure team adheres to enterprise frameworks and methodologies related to overall business management activities.
Lead TDI RAS process by engaging with the enterprise team and various stakeholders within TDI.
Lead relationships with corporate and/or oversight functions to ensure alignment with enterprise and/or regulatory requirements.
Support team in staying knowledgeable on emerging issues, trends and evolving regulatory requirements and assess potential impacts to the Bank.
Assess / identify key issues and escalate to appropriate levels and relevant stakeholders and business management where required.
Lead relationships with business lines / corporate and/or oversight functions to ensure alignment with enterprise and/or regulatory requirements.
Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts.
Maintain 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.
Set targets and objectives for the team, and deliver results.
Grow team expertise to align with business/enterprise demand and direction; assess team skills and capabilities and continually look for ways to provide and enhance the value delivered.
Lead a high performing team; provide on-going feedback and performance reviews, coach and develop employees and ensure performance management activities are undertaken and completed for all employees.
Support an environment where team freely escalates business challenges; facilitate change through positive reinforcement of milestones and successes.
Recruit for all hires to ensure a highly diverse, qualified workforce to achieve business objectives.
Establish and foster a cohesive team; promote a fair and equitable environment that supports a diverse workforce and encourage the team to achieve common goals and objectives.
Lead and manage a team of professionals and overall operation of a diverse group in an area of moderate risk, complexity or scope, while growing talent, developing skills and capabilities to achieve career goals, support project / initiative success and achieve business results.
Ability to present and make recommendations to senior management and executives.
Ensure an integrated approach with other business areas, broader organization, and enterprise as appropriate.
Coordinates and prioritizes multiple initiatives and manages resource allocation.
Establishes effective relationships with different Stakeholders, Business Sponsors, Executives and LOB.
Provides support and contributes to the overall discipline and strategy for respective areas.
Provides coaching, mentorship and guidance to practitioners, business, executives within area of expertise.
Sound to advanced knowledge of external competition, industry and/or market trends in relation to own function / business.
Focus on short to medium-term issues (e.g. 6-12 months).