TD Bank Jobs

Work Location:

Cherry Hill, New Jersey

Hours:

40

Pay Details:

400000 - 550000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. The included salary range for this role takes into account multiple factors that are considered in making compensation decisions. The base pay actually offered may vary based upon candidate's skills and experience, job-related knowledge, licensure and certifications, geographic location, and other specific business and organizational needs. As TD puts career development at the forefront of our colleague experience, it is not typical for an individual to be hired at or near the top of the range for their role.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Line of Business:

Personal & Commercial Banking

Job Description:

The Head of Consumer AML Financial Crimes & Fraud, Insider Risk role is accountable for the leadership, oversight, and sustainability of effective 1st line risk programs in the Consumer Bank related to AML/fraud and other financial crimes. This role sets the strategic direction of the AML/Financial crimes/Insider compliance for the Consumer Bank, partnering with 1A lines of defense (LOD) to successfully implement appropriate 2nd LOD policies and standards.

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 developing and implementing strategies, objectives, plans and standards to assess and manage customer risk, and to monitor transaction activity in a manner consistent with regulatory requirements and the overall enterprise strategy and objectives

• This includes enhanced due diligence, detection and investigation of suspicious activity, regulatory reporting, and quality assurance

• Establishes and owns the risk program and process to ensure compliance with all risk mitigation activities for first line of defense in consumer

• Supports ongoing oversight and implementation of AML, Sanctions, and Anti-Corruption compliance for the Consumer Bank

• Develops and executes business-specific financial crime procedures & controls aligned with Enterprise policies and standards

• Establishes Consumer Bank's Anti-Financial Crimes investment roadmap

• Leads the Consumer Bank's AML program initiatives including risk assessments, policy and procedure revisions, and reporting

• Creates the strategy and tactics for the Consumer Bank on Financial Crimes related incidents, to deliver containment and response

• Owns Consumer Bank AML/Risk procedure alignment to AML policy for remediation activities, process improvement aligned with regulatory matters and regulatory & internal remediation responses and action plans

• Leads the AML program initiatives for Consumer including risk assessments, policy and procedure revisions, and reporting

• Analyzes regulatory requirements and evaluates impact to business, working with all 3 lines of defense

• Executes customer, product/services due diligence activities and review of customer activity

• Serves as primary point-of-contact for 2nd line AML team, Fraud Risk Management and 2nd line fraud operations for Consumer-related themes

• Creates strategic alignment between Financial Crimes themes, business performance, industry trends, and AML/Fraud teams with 1st line Consumer Bank teams

• Partners with Commercial Bank's similar role to share best practices and themes across AMCB

• Partners with Regulatory Remediation executive to ensure that MRA remediations are done in a sustainable way

• Escalates issues to 1B and 2LOD as well as partnering with the remediation team in developing and implementing action plans

• Partners closely with internal bank teams (e.g central Sales Practice management teams), ensuring that Insider risk is monitored and measured and there is an effective 1st line program to mitigate the risk

• Establishes standardized reporting and monitoring that measures the Consumer Bank's (and respective teams') performance on preventing Financial Crimes

• Establishes and owns the risk program and process to ensure compliance with all risk mitigation activities for first line of defense in Consumer

• Develops behavioral practices that eliminate insider risk and promote conduct aligned with TD's culture

• Defines and implements holistic processes to provide effective oversight of the day-to-day management and mitigation of TD's Consumer anti-money laundering risk, operating within the defined AML Compliance Risk Appetite

• Responsible for overall management of business operations required to support new requirements for AML and Road to Strong

• Identifies emerging risks and consistently delivers to meet both regulatory delivery expectations and customer experience guidelines

• Owns risks in day-to-day operations, relationships, products and services

• Owns AML/KYC objectives, including customer outreach and acceptance of risk

• Implements/maintains controls to manage risk and implements on-going monitoring; performs preventative [real-time] QA testing on operating effectiveness of controls

• 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

Education & Experience:

• Bachelor's Degree required; Advanced degree highly preferred

• 10+ years of experience previously working in an AML and/or sanctions regulatory, legal or compliance role

• Previous experience working in a bank setting, leading operational functions

• Extensive knowledge of global AML sanctions and anti-bribery and corruption requirements as well as banking industry practices

• Ability to identify emerging AML risks and help develop end-to end strategies to address them that are actionable, well controlled, and executed timely

• Demonstrates a thorough understanding of the reporting requirements under the Bank Secrecy Act and the USA PATRIOT Act, and an understanding of the economic sanctions administered by the Office of Foreign Assets Control

• Understands business activity, products, services/emerging Financial crimes

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel – Occasional

• International Travel – Never

• Performing sedentary work – Continuous

• Performing multiple tasks – Continuous

• Operating standard office equipment - Continuous

• Responding quickly to sounds – Occasional

• Sitting – Continuous

• Standing – Occasional

• Walking – Occasional

• Moving safely in confined spaces – Occasional

• Lifting/Carrying (under 25 lbs.) – Occasional

• Lifting/Carrying (over 25 lbs.) – Never

• Squatting – Occasional

• Bending – Occasional

• Kneeling – Never

• Crawling – Never

• Climbing – Never

• Reaching overhead – Never

• Reaching forward – Occasional

• Pushing – Never

• Pulling – Never

• Twisting – Never

• Concentrating for long periods of time – Continuous

• Applying common sense to deal with problems involving standardized situations – Continuous

• Reading, writing and comprehending instructions – Continuous

• Adding, subtracting, multiplying and dividing – Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

Our Total Rewards Package

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. Learn more (http://hrportal.ehr.com/tdtotalrewards)

Additional Information:

We’re delighted that you’re considering building a career with TD. 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.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. 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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process

We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

If you are an applicant with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.