VP, Manager TDS Governance and Control

TD Bank•New York, NY

2d•Onsite

About The Position

The TD Securities (TDS) Governance and Control team is a first line of defense team responsible for providing risk and compliance advice and oversight to ensure our TDS business partners have adequately considered, managed, and mitigated risks in day-to-day activities, operations, products and services, and are operating within risk appetite in compliance with regulatory requirements, Bank policies, and risk appetite. Members of TDS Governance & Control require sufficient expertise to review and assess whether the Business is adhering to internal (risk management, oversight function and audit) and regulatory requirements, requests, and expectations. The Vice President, Governance and Control, supports the Corporate and Investment Banking (CIB) and Global Markets (GM) businesses within TD Securities, on rolling out key priorities such as: End-to-end Scenario Analysis Program, including maintaining and periodically reviewing the scenario inventory; coordinating scenario assessments and workshops; and supporting program documentation and governance. Risk Profile framework across all Major Risk Categories (financial, non-financial, strategic) within TD Securities, ensuring a strategic, risk-based approach for alignment with Enterprise Governance Standards. This position will require an individual with proven track record and technical expertise on developing, communicating, implementing, and improving scenario analysis, risk profiles (financial / non-financial) and further developing the tools/systems related to such programs. The position has a high level of direct interaction with stakeholders across various functions including 1LOD Business, Risk Management, and Audit.

Requirements

Minimum of five years of work experience managing operational risk programs, including scenario analysis, risk profile implementation, metrics/KRIs, issues and actions remediation, and loss data analysis.
Strong experience supporting the end-to-end Scenario Analysis Program, including maintaining and periodically reviewing the scenario inventory; coordinating scenario assessments and workshops; and supporting program documentation and governance.
Strong technical expertise on developing and maintaining centralized data and metrics inventories, including data supporting Key Risk Indicators and risk profiles.
Strong knowledge of corporate and capital markets businesses, with an understanding of the associated operational and non-financial risks.
Excellent interpersonal skills to effectively interact at all levels of the organization, coupled with a passion to build strong working relationships and contribute to a strong team environment.
Skillful communicator and influencer to build relationships and advance decision making.
Undergraduate degree preferred
7+ years of relevant experience
Advanced business understanding and knowledge of risk and control functions
Advanced knowledge of governance, risk and control procedures, strategies & tactics
Knowledge of risk management environment, standards, regulations and mitigation
Knowledge of current and emerging trends
Skill in managing budgets and resource allocation
Skill in mentoring, coaching and performance management
Skill in using analytical software tools, data analysis methods and reporting techniques
Skill in using computer applications including MS Office
Ability to lead, plan, implement and evaluate program/project activities to ensure completion
Ability to communicate effectively in both oral and written form
Ability to work collaboratively and build relationships across teams and functions
Ability to work successfully as a member of a team and independently
Ability to exercise sound judgement in making decisions
Ability to analyze, organize and prioritize work while meeting multiple deadlines
Ability to process and handle confidential information with discretion
Ability to establish goals and objectives that support the strategic plan
Ability to contribute to strategic direction of the strategic initiatives and projects

Nice To Haves

Graduate degree would be an asset

Responsibilities

Support the transition, execution, and maintenance of the end-to-end TDS Scenario Analysis program to the 1LOD
Support the rollout of the TDS US Risk Profile framework across all Major Risk Categories (financial / non-financial / strategic)
Build, improve, and/or maintain centralized data and metrics inventory, including data supporting Key Risk Indicators and risk profiles
Partner with Business to ensure risks are adequately identified, assessed, and develop risk mitigation strategies to manage current and emerging risk exposures across all risk categories and all business areas
Ability to influence change and embed risk management best practices, and develop strong interpersonal relationships with team members and key partners
Leads and manages a team of professionals for a diverse set of G&C functions 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
Presents and makes recommendations to senior management and executives
Ensures 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 coaching, mentorship and guidance to practitioners, business, executives within area of expertise
Develops, communicates and implements a holistic governance and control strategy for own specific business function in support of and integrated with the overall business strategy
Manages and plans activities that require alignment across multiple areas
Leads the implementation of regulatory change management and provides guidance to the team in the development and/or integrated implementation of policies/procedures/changes across multiple business/functional areas
Leads partnership with management and respective teams for area of specialization with industry, enterprise, and business awareness; recognizing and anticipating emerging trends and; identifying issues and opportunities and recommending actions to senior management
Ensures all administration, control and compliance activities are complete and accurate to meet targets for own area
Ensures an integrated and aggregated view of all related business risk and control activities across the overall function providing escalations, recommendations, and decision support to leadership
Forecasts programs/initiatives and demand, and coordinates prioritization of the portfolio/initiatives with key stakeholders
Provides functional/business level communications to ensure messages to stakeholders and/or employees are consistent, appropriate and aligned to business risk strategies and executive management direction
Provides direction to complex, wide-ranging enterprise or cross-function/business projects as a SME and participates in designing, testing, and implementation of solutions
Works closely with senior management to develop business plan, ensuring the optimal use of resources and leverages TD’s operating model to maximize efficiency, effectiveness and scale
Leads interface and relationships with corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements
Assesses/identifies key issues and escalates to appropriate levels and relevant stakeholders and business management where required
Identifies, mitigates and reports on risk issues per enterprise policy/guidance and ensures appropriate escalation processes are followed
Ensures business operations are in compliance with applicable requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
Leads or contributes to cross-functional/enterprise initiatives as a SME helping to identify risk/provide guidance for complex situations
Manages oversight process, risk-based identification and monitoring of related risks and regulatory compliance across the supported functions, while ensuring key controls and processes are effectively managed
Oversees or leads the facilitation and/or implementation of action/remediation plans to address performance/risk/governance issues
Protects the interests of the organization – identifies and manages risks, and escalates non-standard, high-risk transactions/activities as necessary
Maintains 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, guidance, and expertise; ensures team adheres to enterprise frameworks and methodologies
Supports team in staying knowledgeable on emerging issues, trends and evolving regulatory requirements and assesses potential impacts to the Bank
Leads a high-performing team; provides ongoing 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
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