VP, Global Head of Compliance Transformation

TD Bank • New York, NY

10d • $250,000 - $370,000

About The Position

The Global Head of Compliance Transformation leads a large, diverse and talented team of compliance professionals providing independent compliance risk oversight and in partnership with colleagues leading key enterprise-wide compliance functions and is responsible for the development, maintenance and enhancement of a Compliance program designed to achieve effective management and oversight of regulatory compliance activities of the assigned lines of business for the Company and its applicable subsidiaries. The Global Head of Compliance Transformation is responsible for designing and delivering a multi-year transformation agenda across the TDS Global Compliance function. This role acts as the strategic change leader for Compliance, partnering closely with senior Compliance leadership, Business heads, Technology, Operations and Risk to modernize the operating model, elevate regulatory effectiveness and improve scalability and efficiency. 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 development, maintenance and continuous enhancement of programs designed to provide effective, independent regulatory compliance risk management and oversight of business line(s) supported Maintains accountability for anticipating, managing, and directing the response to regulatory and corporate-related compliance issues impacting the bank across a wide range of business lines, financial services products and applicable laws, regulations, and standards of ethical business conduct Develops a program that promotes a culture of compliance utilizing a consultative approach to educate and interpret various inaugural laws and rules Provides expert advice and counsel for executive business partners as they pertain to compliance for new business initiatives and compliance issue resolution Develops and enhances a scalable compliance program with effective program elements that mitigate areas of compliance risk and establish sustainable controls commensurate with the risk appetite and growth of the Bank and its relevant subsidiaries Acts as a Compliance executive lead on various projects, overseeing and/or coordinating a diverse group of compliance professionals, project managers, analysts, business and corporate function specialists, risk and control partners, and other stakeholders Coordinates with regulators from the Office of the Comptroller of the Currency (OCC), Federal Reserve Bank (Fed), Consumer Financial Protection Bureau (CFPB), Office of Supervision of Financial Institutions (OSFI) and internal audit to ensure compliance Provides expert objective advice and independent challenge for business leaders, including interpreting and applying laws and regulations to business operations Develops and enhances scalable compliance programs designed to support the Bank in achieving and maintaining compliance with laws and regulations and operating within the Bank's Risk Appetite Structures programs to support all elements of an effective Bank-wide Compliance Management System Develops processes to report and escalate material compliance issues, breaches and other events to senior management and regulators and delivers extensive management reporting summarizing group activity and regulatory compliance issues and events Develops and implements remediation strategies to correct identified issues Maintains comprehensive understanding of regulatory trends, changes and emerging risk areas, existing regulations and guidelines and the full range of Company products and services; possesses experience and understanding to respond to complex regulatory issues Reviews and interprets new or pending laws and regulations which potentially affect existing business practices Shares important industry trends and changes in regulations with staff Develops and maintains strong business relationships with other related Company departments, including parent company, executive management, legal, audit, loan review, other risk departments and others to ensure productive partnerships and coordinate efforts Serves on executive committees to provide guidance, oversight, and formal approval for regulatory related projects Maintains external engagement with industry forums and promotes a positive brand for TD Bank

Requirements

• Bachelor's degree or progressive work experience in addition to experience below
• 20+ years related experience required
• Extensive Operational knowledge as pertains to implementation of regulatory requirements
• In-depth knowledge of financial services regulatory industry practices
• Strong management experience leading regulatory compliance activities
• Strong Management skills in the development and mentoring of employees
• Experience establishing and implementing effective regulatory strategies, policies and plans that support ongoing Company business
• Strong management, organizational and evaluative process skills.
• Ability to analyze complex organizational and process issues to isolate regulatory risk exposure.
• Demonstrated ability to develop and maintain productive business relationships with internal partners and external regulators
• Solid understanding of technology's role in the business and compliance controls
• Effective negotiation and influencing skills with experience in conveying complex information to general audiences through training materials, written communications, and other means
• Strong analytical skills and ability to exercise sound judgment in development and selection of compliance solutions
• Strong collaborative skills and experience leading and working in a matrix environment and on cross-functional teams
• Excellent verbal and written communications skills, including the ability to persuade and influence a broad spectrum of constituents at all levels

Nice To Haves

• Certified Regulatory Compliance Manager (CRCM), law degree, regulatory, or risk management experience a plus

Responsibilities

• 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 development, maintenance and continuous enhancement of programs designed to provide effective, independent regulatory compliance risk management and oversight of business line(s) supported
• Maintains accountability for anticipating, managing, and directing the response to regulatory and corporate-related compliance issues impacting the bank across a wide range of business lines, financial services products and applicable laws, regulations, and standards of ethical business conduct
• Develops a program that promotes a culture of compliance utilizing a consultative approach to educate and interpret various inaugural laws and rules
• Provides expert advice and counsel for executive business partners as they pertain to compliance for new business initiatives and compliance issue resolution
• Develops and enhances a scalable compliance program with effective program elements that mitigate areas of compliance risk and establish sustainable controls commensurate with the risk appetite and growth of the Bank and its relevant subsidiaries
• Acts as a Compliance executive lead on various projects, overseeing and/or coordinating a diverse group of compliance professionals, project managers, analysts, business and corporate function specialists, risk and control partners, and other stakeholders
• Coordinates with regulators from the Office of the Comptroller of the Currency (OCC), Federal Reserve Bank (Fed), Consumer Financial Protection Bureau (CFPB), Office of Supervision of Financial Institutions (OSFI) and internal audit to ensure compliance
• Provides expert objective advice and independent challenge for business leaders, including interpreting and applying laws and regulations to business operations
• Develops and enhances scalable compliance programs designed to support the Bank in achieving and maintaining compliance with laws and regulations and operating within the Bank's Risk Appetite
• Structures programs to support all elements of an effective Bank-wide Compliance Management System
• Develops processes to report and escalate material compliance issues, breaches and other events to senior management and regulators and delivers extensive management reporting summarizing group activity and regulatory compliance issues and events
• Develops and implements remediation strategies to correct identified issues
• Maintains comprehensive understanding of regulatory trends, changes and emerging risk areas, existing regulations and guidelines and the full range of Company products and services; possesses experience and understanding to respond to complex regulatory issues
• Reviews and interprets new or pending laws and regulations which potentially affect existing business practices
• Shares important industry trends and changes in regulations with staff
• Develops and maintains strong business relationships with other related Company departments, including parent company, executive management, legal, audit, loan review, other risk departments and others to ensure productive partnerships and coordinate efforts
• Serves on executive committees to provide guidance, oversight, and formal approval for regulatory related projects
• Maintains external engagement with industry forums and promotes a positive brand for TD Bank

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: Executive