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Associate Vice President, Financial Crime Risk Management, Regulatory Management

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TD Bank

Oct 26

  • Job
    Full-time
    Expert Level
  • Government & Politics
    Legal
  • Toronto
  • Quick Apply

AI generated summary

  • You need deep expertise in AML, strong risk acumen, skillful communication, team leadership, and knowledge of the Canadian AML regulatory environment. An undergraduate degree is required; a postgraduate degree is preferred.
  • You will manage regulatory requests, oversee examinations, prepare responses, coordinate meetings with regulators, and drive continuous improvements in Financial Crime Risk Management processes.

Requirements

  • Deep expertise in Anti Money Laundering, Anti-Terrorist Financing and Sanctions
  • Strong risk acumen – challenges the status quo; has a sense of where things could go wrong and proactively manages to avoid / minimize the risks
  • Skillful communication (written and verbal) and ability to write senior executive level communications and reports
  • Proven ability in leveraging deep risk expertise to align teams to a central vision, while also listening and engaging others to provide input in the shaping of that vision
  • Ability to work in ambiguity and decomplexify issues; Strong work ethic and ability to execute with speed
  • Recruits top talent; manages and motivates a diverse group of professionals
  • Strong people leader who possesses the ability to effectively work in teams across the bank with multiple stakeholders and to influence and align others
  • Strong collaborator who engages colleagues, business partners and external stakeholders
  • Demonstrates negotiation and partnership skills to balance stakeholder input but remains objective to reach the right outcome - ability to stay resilient under pressure
  • Robust organizational skills with the ability to work in a fast-paced environment and manage multiple deadlines and priorities
  • Strong knowledge of the AML regulatory environment in Canada is a requirement
  • Undergraduate degree required; Post Graduate degree preferred

Responsibilities

  • Supports the Vice President, FCRM, Risk and Business Control Programs in the management and delivery of all regulatory requests, regulatory remediation processes, regulatory examinations, reports and deliverables.
  • Manages and oversees all Canadian regulatory examinations, regulatory monitoring meetings and/or targeted reviews as well as ad hoc requests for Financial Crimes Risk Management.
  • Implements and operationalizes effective and efficient processes to manage all regulatory requests.
  • Oversees preparation of high quality, substantive, timely written responses to all regulatory requests and examination reports and works with relevant stakeholders to obtain information/documentation to respond to regulatory requests.
  • Supports and leads quarterly and ad hoc meetings with Canadian regulators as well as managing deep dive/topic specific meeting requests.
  • Manages and oversees regulatory remediation processes including review of deliverables.
  • Partners with internal stakeholders for challenge and validation of remediating actions for regulatory exam findings.
  • Identifies mitigating facts and circumstances (as applicable) to rebut issues identified during examinations or other engagements.
  • Provides regular examination status updates and contributes to internal reporting and tracking related to examinations and regulatory findings.
  • Provides regular updates to the Chief AML Officer and other senior leaders on regulatory matters including timely escalation and resolution of potential issues.
  • Prepares personnel (and senior management) for meetings with regulators, including drafting written documents and leading internal prep meetings.
  • Coordinates and lead meetings with regulators. Prepare timely meeting summaries and manages follow up requests.
  • Contributes to the strategy and long-term planning activities for Financial Crime Risk Management.
  • Fosters a continuous improvement mindset and proposes enhancements to the program informed by industry trends and best practices.
  • Collaborates with stakeholders as required.

FAQs

What is the work location for this position?

The work location for this position is Toronto, Ontario, Canada.

What are the working hours for this role?

The working hours for this role are 37.5 hours per week.

What is the salary range for this Associate Vice President position?

The salary range for this position is $145,000 to $200,000 CAD.

What is the main focus of the Financial Crime Risk Management department?

The main focus of the Financial Crime Risk Management department is to establish and ensure compliance with the Global Anti-Money Laundering (AML), Anti-Terrorist Financing (ATF), Economic Sanctions, and Anti-Bribery/Anti-Corruption (ABAC) regulatory expectations across all jurisdictions where TD operates.

Who will the Associate Vice President report to?

The Associate Vice President will report to the Vice President, FCRM, Risk and Business Controls.

What kind of experience is required for this position?

This position requires deep expertise in Anti-Money Laundering, Anti-Terrorist Financing, and Sanctions, along with strong risk acumen and communication skills.

Is a specific educational background required for this role?

Yes, an undergraduate degree is required, with a postgraduate degree preferred.

What type of skills are important for this position?

Important skills for this position include effective communication, organizational skills, leadership abilities, and a strong understanding of the AML regulatory environment in Canada.

What kind of development opportunities does TD offer employees?

TD offers regular leadership and development conversations, mentorship programs, and training opportunities to support employee growth and career progression.

What is the interview process like for this position?

The interview process involves reaching out to candidates of interest to schedule an interview, and TD strives to communicate outcomes to all applicants via email or phone call.

Does TD provide accommodations during the interview process?

Yes, TD is committed to accessibility and will provide accommodations such as accessible meeting rooms and captioning for virtual interviews upon request.

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TD Bank

Finance
Industry
10,001+
Employees

Mission & Purpose

Headquartered in Toronto, Canada, the Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD had CDN$1.9 trillion in assets on July 31, 2023. TD also ranks among the world’s leading online financial services firms, with more than 16 million active online and mobile customers. TD offers a full range of financial products and services to over 27.5 million customers worldwide through four key business lines: - Canadian Personal and Commercial Banking including TD Canada Trust, Business Banking, and MBNA - U.S. Retail including TD Bank, America’s Most Convenient Bank, TD Auto Finance (U.S.), TD Wealth (U.S.) and TD’s investment in Schwab - Wealth Management & Insurance including TD Wealth (Canada), TD Direct Investing, and TD Insurance - Wholesale Banking including TD Securities and TD Cowen