VP, Specialized Finance Manager, TDS (US), Transaction Banking & Payments

TD Bank • New York, NY

19h • $140,000 - $180,000

About The Position

The Manager, Transaction Banking & Payments, Finance will report into the Senior Manager, Transaction Banking & Payments, Finance. This is a newly created team which will play a critical role in shaping the finance workstream for the Transaction Banking Value Creation Plan, a high impact and strategically significant project for TD Bank which impacts three segments (CBB, AMCB, and TDS). This role will be accountable for the program-level financial transparency, risk identification, funding envelope governance together with the Project Management Office and benefits realization monitoring. The VP, Specialized Finance Manager, TDS provides seasoned specialized knowledge, advice and/or guidance to various stakeholders and team members in a specialized finance function or discipline. Depth & Scope: Highly seasoned expert professional role requiring substantial knowledge / expertise in a complex field and knowledge of broader related areas Integrates knowledge of the enterprise sub-function’s or business line’s overarching strategy in developing solutions across multiple functions or operations Accountable for own work and sometimes others; acts as an escalation point or knowledge resource for others in their own area Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services Acts as a technical expert / lead integrating cross-function understanding within their own field of specialty; may manage team(s) of related specialists Leads cross-functional teams or projects with significant resource requirements, risk and / or complexity Independently manages end-to-end finance programs Solves or may lead others to solve complex problems; leads efforts or partners with others to develop new solutions Uses sophisticated analytical thought and technical knowledge to exercise judgement and identify solutions Impacts the achievement of sub-function or business line objectives within the area they are accountable for Communicates difficult concepts; converts information to compelling business context and advice; influences and gains alignment across increasingly senior stakeholders Works autonomously as the lead and guides others within area of expertise

Requirements

• Knowledge of the Bank's financial reporting systems (e.g. Hyperion, FRS, PSGL), MS Office and business intelligence tools (e.g. Tableau, Alteryx).
• Ability to work through ambiguity
• Expertise working effectively in teams
• Excellent analytical skills in assessing risk, issues and challenging the status quo
• 7+ years of relevant experience preferred
• Undergraduate degree required

Nice To Haves

• CBB Finance, AMCB Finance, Expense or Project Finance experience an asset
• Post Graduate degree would be an asset.
• Professional designation (MBA, CFA, or CPA) would be an asset.

Responsibilities

• Financial/Strategic Oversight: Proactive value-added expertise and guidance supporting the Transaction Banking and Payments project from a finance lens and acting as a liaison to finance leads in the three segments impacted by the project (CBB, AMCB, and TDS)
• Contribute to Financial planning, analysis, performance measurement and reporting for Transaction Banking & Payments
• Supporting the allocation of costs across the segments
• Setting up the GL structure for reporting an aggregated view working closely with finance leads in the three segments (CBB, AMCB, and TDS).
• Reporting on the virtual segment including revenue, expenses, FTE, capital, leverage, and deposit management reporting.
• Contribute to the financial forecasting and planning for the transformation programs working closely with finance leads in the three segments (CBB, AMCB, and TDS)
• Participate in the development of Board and IR materials on the financial performance related to the transformation
• Support the development of monitoring financial profitability of the program, including incremental revenue generated, working closely with finance leads in the three segments (CBB, AMCB, and TDS)
• Focuses on comprehensive reviews, specialized analysis, audits and/or initiatives and a variety of complex projects and initiatives requiring seasoned specialist knowledge and/or the integration of cross functional processes within own area of expertise
• Facilitates integration of several key functional areas and/or business lines in dealing and solving highly complex financial management/ specialized accounting / taxation / audit / regulatory reporting and operational issues
• Acts as the primary interface with Finance partners /leaders and external parties
• Acts as key contact and expert within area of expertise for the development, design and delivery of effective accounting/ taxation processes, policies, programs and advice
• Maintains awareness of changing legal/regulatory requirements and practices within the industry and consults with policy/process owners within Accounting/ Taxation to ensure compliance
• Engages, manages and influences internal/external cross-functional partners to develop/deliver integrated solutions
• Accountable for the development and delivery of broad enterprise wide accounting/ taxation policies and initiatives, which may have significant regulatory components
• Creates business cases and innovative recommendations
• Executes on diverse and complex policies, implements and develops activities and tools for businesses.
• Supports financial strategy and management activities
• Adheres to enterprise frameworks or methodologies that relate to activities for our business area
• Ensures respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities
• Consistently exercisse discretion in managing correspondence, information and all matters of confidentiality; escalates issues where appropriate
• Ensures business operations are in compliance with applicable internal and external requirements ( e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
• Participates in cross-functional / enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations
• Conducts internal and external research projects; supports the development/ delivery of presentations / communications to management or broader audience
• Conducts meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices
• Monitors service, productivity and assesses efficiency levels within own function and implements continuous process / performance improvements where opportunities exist
• Leads / facilitates and/or implements actions / remediation plans to address performance / risk /governance issues
• Actively manages relationships within and across various business lines, corporate and/or control functions and ensures alignment with enterprise and/or regulatory requirements
• Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts
• Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite
• Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues/ points of interest
• Provides thought leadership and/ or industry knowledge for own area of expertise in own area and participates in knowledge transfer within the team and business unit
• Keeps current on emerging trends/ developments and grow knowledge of the business, related tools and techniques
• Participates in personal performance management and development activities, including cross training within own team
• Keeps others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
• Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.
• Leads, motivates and develops relationships with internal and external business partners / stakeholders to develop productive working relationships.
• Contributes to a fair, positive and equitable environment that supports a diverse workforce
• Acts as a brand ambassador for your business area/function and the bank, both internally and/or externally

Benefits

• Our 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.
• Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
• You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.
• We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

What This Job Offers

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