Vice President – Volcker Rule Compliance

TD • New York, NY

2d • $175,000 - $200,000

About The Position

This Compliance Officer is a key member of the TDS US Compliance Regulatory Initiatives Team and U.S. Wholesale Compliance Group. The Compliance Regulatory Initiatives Team is a newly created team within U.S. Wholesale Compliance focused on remediation and program development and improvement within TDS. Depth & Scope Work with stakeholders throughout the Firm to build, maintain and enhance TD's Firm-wide Volcker Rule Compliance program Provide stakeholders real-time interpretive guidance on application of Volcker Rule requirements, industry trends, and best practices Provide effective second line challenge with respect to TD's Volcker Rule Compliance Program, including performing reviews and developing and implementing monitoring protocols and other second line controls Work closely with TD's Volcker Office building strong relationships with stakeholders throughout the Firm including change delivery, project management, regulatory reporting, governance & control, operations, and front office business partners. Draft interpretive memoranda; maintain relevant policies and procedures, including applicable compliance manuals Develop, maintain, and deliver electronic and live Volcker rule compliance trainings Assist the business and support functions with implementing and documenting various supervisory control and operational process Provide a high level of customer service to our internal clients and stakeholders, acting as a key point of contact for Volcker related internal and external, including regulatory, inquiries Participate in internal investigations, draft responses to regulatory examination questions, guide stakeholders through exam-related remediations, and coordinate internal and external audits and management responses as needed Participate in special projects as needed The VP Compliance TDS oversees/leads a team(s) of specialists/professionals providing advice, guidance and expertise on regulatory requirements and assisting business units to manage their regulatory risk. Depth & Scope: Works independently and is accountable for managing a specialized compliance area, business or function and leads a team of specialists Subject matter expert for a functional area Key contact for business management, regulators and external/internal auditors, dealing with non-routine information Focuses on short to mid- range planning (e.g. 6-12 months) Manages regulatory reviews including inquiries, audits, and exams

Requirements

• BA/BS, or a similar degree, required.
• Experience as Volcker Rule Compliance Officer at complex financial services institution
• Strong understanding of Volcker Rule and its application across diverse array of businesses and products
• 5-7 years of experience with a registered US broker dealer, swap dealer, Global Systematically Important Bank (GSIB), or associated regulator.
• Candidate will be expected to provide key stakeholders with actionable guidance, advice, implementation support, issue-spotting, and effective challenge in a fast-paced, delivery-oriented, and diverse environment
• Analyze regulatory changes and developments that impact in-scope areas.
• Advise stakeholders regarding impacts to business-as-usual activities, as well as net new regulatory requirements
• Firm understanding of global security and derivative products and markets including trading behaviors, market platforms, vendor technologies and operational elements.
• Firm understanding of financial product rules and regulatory landscape
• Advanced understanding of testing or audit concepts and principles as well as control analysis and evaluation.
• Excellent interpersonal, organizational, leadership and communication (oral and written) skills.
• Client service skills – experience demonstrating sound judgment and close partnership with senior managers and other stakeholders globally, as well as relationship and network building that fosters advancement of collaborative working relationships.
• Strong analytical skills with attention to detail, data evaluation and the ability to comprehend complex compliance related markets issues.
• Self-starter with ability and penchant for learning new business areas and developing understanding of financial institution's products and regulatory requirements and obligations.
• Advanced project management skills and ability to manage multiple work streams involving different partners and groups, with limited oversight and direction.
• Ability to thrive in a fast-paced, deadline-driven environment, including by demonstrating excellent time management and planning skills.
• Proficient in Excel, Word, PowerPoint and SharePoint.
• Bachelors degree or progressive work experience
• 5-7 Years of related experience
• Works independently and is accountable for managing a specialized compliance area, business or function and leads a team of specialists
• Subject matter expert for a functional area
• Key contact for business management, regulators and external/internal auditors, dealing with non-routine information
• Focuses on short to mid- range planning (e.g. 6-12 months)

Nice To Haves

• JD desirable but not required.
• Experience in trade or communications surveillance a plus.
• Knowledge of markets surveillance systems and applications a plus.

Responsibilities

• Work with stakeholders throughout the Firm to build, maintain and enhance TD's Firm-wide Volcker Rule Compliance program
• Provide stakeholders real-time interpretive guidance on application of Volcker Rule requirements, industry trends, and best practices
• Provide effective second line challenge with respect to TD's Volcker Rule Compliance Program, including performing reviews and developing and implementing monitoring protocols and other second line controls
• Work closely with TD's Volcker Office building strong relationships with stakeholders throughout the Firm including change delivery, project management, regulatory reporting, governance & control, operations, and front office business partners.
• Draft interpretive memoranda; maintain relevant policies and procedures, including applicable compliance manuals
• Develop, maintain, and deliver electronic and live Volcker rule compliance trainings
• Assist the business and support functions with implementing and documenting various supervisory control and operational process
• Provide a high level of customer service to our internal clients and stakeholders, acting as a key point of contact for Volcker related internal and external, including regulatory, inquiries
• Participate in internal investigations, draft responses to regulatory examination questions, guide stakeholders through exam-related remediations, and coordinate internal and external audits and management responses as needed
• Participate in special projects as needed
• Oversees/leads a team(s) of specialists/professionals providing advice, guidance and expertise on regulatory requirements and assisting business units to manage their regulatory risk.
• Manages regulatory reviews including inquiries, audits, and exams

Benefits

• Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals.
• 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.
• regular development conversations
• training programs
• competitive benefits plan
• online learning platform
• mentoring programs

What This Job Offers

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