VP, IHC Regulatory Reporting

TD Bank•New York, NY

About The Position

Overview TD Securities US Finance is a part of the wider TD Securities Finance group, as one of the three regional finance groups for the Wholesale Banking segment of TD Bank Group it has a key role in the USA providing support in financial, management, liquidity, and regulatory reporting. In addition, by its nature as a primary control and support group in the region, TDS Finance USA provides business information supporting projects and initiatives often as the liaison with the other groups and segments both in the US and Canada but also with the other regions (UK and Singapore). Specific Accountabilities Include: Lead level 1 review of regulatory deliverables associated with TDS and review regulatory reports for submission to FRB, US Treasury, BEA, etc. reporting. Manage Governance related tasks/mandate and work closely with Compliance and 1B business partners to understand and satisfy requirements. Understanding data architecture and GL systems/pipelines to remediate gaps and make process improvements. Guide junior team members on issue resolution based on strong understanding of data attributes, accounting standards, regulatory rules, and production steps. Having a technology savvy approach to action process improvements and automate legacy processes including the use of tools such as Alteryx, PowerBi, etc. Review data elements based on 'Global Chart of Accounts' composition and trace accounting codes to product/business origin to check if regulatory mapping is fit for purpose. Initiate research to keep current on regulatory rule requirements and any internal business changes (e.g. new businesses or product launched) and assesses downstream impacts to the regulatory reports. Ensure strong data/process governance and key controls that are pushed down by Compliance are implemented within report preparers. Support the alignment of current regulatory reporting processes with new processes as entities merge and systems integrate to ensure integrity of the regulatory reports being filed. Continuously develop strong understanding of best practices from regulatory supervisors. Escalate timely to senior management of errors, gaps, data quality issues, control breaks, KRI indicators, etc. Lead dialogue with financial reporting business partners to understand changes in accounting and financial results. Drive monthly team variance discussions to facilitate regulatory reporting flux analysis process. Support key departmental projects and initiatives, executes on ad hoc deliverable requests related to audit, compliance, transactional testing, examinations, etc. Maintain and build upon existing procedure documents and processes by updating and performing ongoing review of all information required to support reports; includes information gathering from source systems and working with business partners to source required information. The VP Finance TDS leads development and achievement of financial objectives. Reports on financial results, providing interpretation through in-depth understanding of the business. Provides forecasts and financial plans to drive business results, strategy and decisions. Depth & Scope: Gathers and reports on financial results vs. plans on an ongoing basis, providing evaluation and interpretation through an in-depth understanding of the business Leads development and achievement of financial objectives Develops and maintains strong business relationships Provides leadership, coaching, counseling and guidance to staff Develops, assigns and monitors plans to ensure completion of goals and objectives Resolves issues and problems by conferring with staff, other internal departments, outside contacts and others as necessary

Requirements

Bachelor degree in Business/Accounting/Financial Management, with accounting designation preferred.
5+ years of financial services experience, preferably in capital markets.
Proven analytical skills and sound judgment in a dynamic business environment.
The ability to translate high volumes of /complex reporting requirements and data into simple, consistent, and sustainable processes.
Strong sense of process and data governance and strong attention to detail.
Highly motivated individual with a proven track record to deliver results.
A fluid, intuitive, and logical thinker with a high level of curiosity to learn and interest in determining and implementing process improvements.
Demonstrated time management and organizational skills to meet tight deadlines as well as flexibility to adapt to changing priorities.
Understanding of Wholesale Banking/Capital Markets businesses, products and associated balance sheet and P&L
Collaborative, team player with ability to work individually.
Advanced Excel and MS Access skills required and/or Alteryx skills/knowledge a plus.
Demonstrates the ability to manage up as well as laterally with business partners.
Confident facilitation skills and strong interpersonal skills to facilitate working with business and senior management at all levels.
Ability to independently close out on issues and execute results based on prioritization and current needs.
Ability to welcome new ideas and from team members and encourage opportunities to create efficiencies and change.

Responsibilities

Lead level 1 review of regulatory deliverables associated with TDS and review regulatory reports for submission to FRB, US Treasury, BEA, etc. reporting.
Manage Governance related tasks/mandate and work closely with Compliance and 1B business partners to understand and satisfy requirements.
Understanding data architecture and GL systems/pipelines to remediate gaps and make process improvements.
Guide junior team members on issue resolution based on strong understanding of data attributes, accounting standards, regulatory rules, and production steps.
Having a technology savvy approach to action process improvements and automate legacy processes including the use of tools such as Alteryx, PowerBi, etc.
Review data elements based on 'Global Chart of Accounts' composition and trace accounting codes to product/business origin to check if regulatory mapping is fit for purpose.
Initiate research to keep current on regulatory rule requirements and any internal business changes (e.g. new businesses or product launched) and assesses downstream impacts to the regulatory reports.
Ensure strong data/process governance and key controls that are pushed down by Compliance are implemented within report preparers.
Support the alignment of current regulatory reporting processes with new processes as entities merge and systems integrate to ensure integrity of the regulatory reports being filed.
Continuously develop strong understanding of best practices from regulatory supervisors.
Escalate timely to senior management of errors, gaps, data quality issues, control breaks, KRI indicators, etc.
Lead dialogue with financial reporting business partners to understand changes in accounting and financial results.
Drive monthly team variance discussions to facilitate regulatory reporting flux analysis process.
Support key departmental projects and initiatives, executes on ad hoc deliverable requests related to audit, compliance, transactional testing, examinations, etc.
Maintain and build upon existing procedure documents and processes by updating and performing ongoing review of all information required to support reports; includes information gathering from source systems and working with business partners to source required information.