TD Bank
Compliance Director, Fair and Responsible Banking Advising (US)
TD Bank, New York, New York, us, 10261
**Work Location:**New York, New York, United States of America**Hours:**40**Pay Details:**$200,000 - $280,000 USDTD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.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:**Compliance**Job Description:**The Compliance Director, Fair and Responsible Banking Advising oversees the Bank's Fair and Responsible Banking program related deliverables, including developing and maintaining critical Fair and Responsible Banking programs such as the Fair and Responsible Banking Risk Assessments and Fair and Responsible Banking Monitoring & Testing plan, as well as conducting in scope Advisory services and Monitoring and Testing activities. This role is also accountable for Fair and Responsible Banking related exam and audit management as well as the remediation of any Fair and Responsible Banking program issues. This role oversees Board and Executive level reporting. As such this role is responsible to set and implement priorities for the team and to seek technology enablement as appropriate to advance the program.
The function uses all available information, and analytics support to U.S. Compliance, including Fair and Responsible Banking to proactively monitor and report risk and consistently identify opportunities to enhance Fair and Responsible Banking risk management. Manages a team of professional experts in Fair and Responsible Banking compliance and conduct risk and applying modern data analytics to these professional disciplines.
This role also manages compliance aspects of the applicable fair lending laws, including the Equal Credit Opportunity Act, Fair Housing Act, as well as Fair and Responsible Banking related expectations communicated by the OCC, FRB and CFPB.
This role works closely with various internal stakeholders/partners to understand business objectives, identify data/information needs, drive opportunities for improvement and generate insights supporting well-informed business and risk management decisions and strategies. Leads Compliance's data transformation and drives innovation for the Compliance function.**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 the creation and execution of the US Compliance Fair and Responsible Banking program frameworks, policies and procedures within mandate that satisfy all TD Bank Group (“TDBG”) applicable US regulatory requirements and align with industry leading practices and that supports an effective Compliance Management System (“CMS”)* Provides second line of defense risk-based oversight and leads and maintains the Fair and Responsible Banking Compliance program elements including but not limited to: Advisory services, Monitoring and Testing activities, Exam and Audit management, Program Remediation and Board/Executive level reporting in accordance with the US Compliance Operating Framework, and the US regulatory requirements and expectations* Supports the creation and execution of strategy, standards, and objectives for the US Fair and Responsible Banking Program* Sets the strategic direction and lead planning activities within mandate* Designs US Fair and Responsible Banking program elements to meet relevant regulatory requirements, standards, and expectations as well as internal compliance policies established by the Boards; prioritize strategic initiatives based on the assessment of risk; and oversee the effective execution of relevant initiatives; Prepares and presents reporting at the most senior level of the organization to appropriately reflect risk* Keeps pace with technological advancements in modernizing the program to keep pace or exceed industry standards* Uses all relevant data as required, to provide review, challenge, and feedback to advise and challenge the first line* Uses all relevant data to review and challenge the first line as related to new products/businesses approval process to ensure alignment with TDBG's risk appetite* Adheres to, coordinates, and supervises the responsibilities included in the US Compliance Department Mandate; and the Legal and Regulatory Compliance (including Financial Crime) Management Framework ("LRC RMF")* Develops strategies to appropriately mitigate fair banking
compliance risks to support TDBUSH and TDGUS in achieving its strategic objectives, while protecting our brand* Provides objective guidance and independent review and challenge related to fair banking
compliance risk management matters* Reports to senior management, the TDBUSH and TDGUS Risk Committees of the Board, and/or regulators periodically and when material breaches of Laws, Rules, and Regulations (LRRs) or material regulatory compliance risk events occur* Reviews that reports are supported by sufficient pertinent information that is verified or reasonably verifiable* Develops and maintains constructive relationships between the Senior Business Management across TDBUSH,
the Senior Compliance Leaders and regulatory agencies to support sustained trust in TDBUSH and TDGUS Compliance by our regulators and management* Supports the self-assessment of the US Compliance Department, at least annually, for providing input to the US Chief Compliance Officer to facilitate the assessment of the US Compliance function's effectiveness**Education & Experience:*** Bachelor's degree or equivalent experience required* 10+ Years of related experience* Demonstrates in-depth working knowledge of the financial services industry and applicable laws, regulations and industry practices* Demonstrated experience leading regulatory compliance activities* Proven ability to develop project plans and independently coordinate and complete projects* Excellent written and verbal communication skills, including a demonstrated ability to clearly provide written reports that accurately and clearly summarize issues and present solutions in an understandable and logical manner* Proven ability to influence others' actions and decisions without express authority* Proven ability to analyze complex laws and regulations and relate those laws to procedures of assigned areas* Demonstrated ability to develop and maintain productive business relationships with internal partners and external regulators* Excellent analytical skills and ability to exercise sound judgement in the development and selection of compliance programs and solutions. Proficiency in Microsoft Office other utility applications* Demonstrates knowledge of database programming capabilities* Strong analytical and program solving skills are required to interpret data and draw conclusions* Prior leadership experience or progressively responsible Department/Bank experience* Ability to coach and mentor others* Ability to provide conflict resolution* Strong ability to successfully balance competing priorities in a fast-paced environment**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 #J-18808-Ljbffr
The function uses all available information, and analytics support to U.S. Compliance, including Fair and Responsible Banking to proactively monitor and report risk and consistently identify opportunities to enhance Fair and Responsible Banking risk management. Manages a team of professional experts in Fair and Responsible Banking compliance and conduct risk and applying modern data analytics to these professional disciplines.
This role also manages compliance aspects of the applicable fair lending laws, including the Equal Credit Opportunity Act, Fair Housing Act, as well as Fair and Responsible Banking related expectations communicated by the OCC, FRB and CFPB.
This role works closely with various internal stakeholders/partners to understand business objectives, identify data/information needs, drive opportunities for improvement and generate insights supporting well-informed business and risk management decisions and strategies. Leads Compliance's data transformation and drives innovation for the Compliance function.**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 the creation and execution of the US Compliance Fair and Responsible Banking program frameworks, policies and procedures within mandate that satisfy all TD Bank Group (“TDBG”) applicable US regulatory requirements and align with industry leading practices and that supports an effective Compliance Management System (“CMS”)* Provides second line of defense risk-based oversight and leads and maintains the Fair and Responsible Banking Compliance program elements including but not limited to: Advisory services, Monitoring and Testing activities, Exam and Audit management, Program Remediation and Board/Executive level reporting in accordance with the US Compliance Operating Framework, and the US regulatory requirements and expectations* Supports the creation and execution of strategy, standards, and objectives for the US Fair and Responsible Banking Program* Sets the strategic direction and lead planning activities within mandate* Designs US Fair and Responsible Banking program elements to meet relevant regulatory requirements, standards, and expectations as well as internal compliance policies established by the Boards; prioritize strategic initiatives based on the assessment of risk; and oversee the effective execution of relevant initiatives; Prepares and presents reporting at the most senior level of the organization to appropriately reflect risk* Keeps pace with technological advancements in modernizing the program to keep pace or exceed industry standards* Uses all relevant data as required, to provide review, challenge, and feedback to advise and challenge the first line* Uses all relevant data to review and challenge the first line as related to new products/businesses approval process to ensure alignment with TDBG's risk appetite* Adheres to, coordinates, and supervises the responsibilities included in the US Compliance Department Mandate; and the Legal and Regulatory Compliance (including Financial Crime) Management Framework ("LRC RMF")* Develops strategies to appropriately mitigate fair banking
compliance risks to support TDBUSH and TDGUS in achieving its strategic objectives, while protecting our brand* Provides objective guidance and independent review and challenge related to fair banking
compliance risk management matters* Reports to senior management, the TDBUSH and TDGUS Risk Committees of the Board, and/or regulators periodically and when material breaches of Laws, Rules, and Regulations (LRRs) or material regulatory compliance risk events occur* Reviews that reports are supported by sufficient pertinent information that is verified or reasonably verifiable* Develops and maintains constructive relationships between the Senior Business Management across TDBUSH,
the Senior Compliance Leaders and regulatory agencies to support sustained trust in TDBUSH and TDGUS Compliance by our regulators and management* Supports the self-assessment of the US Compliance Department, at least annually, for providing input to the US Chief Compliance Officer to facilitate the assessment of the US Compliance function's effectiveness**Education & Experience:*** Bachelor's degree or equivalent experience required* 10+ Years of related experience* Demonstrates in-depth working knowledge of the financial services industry and applicable laws, regulations and industry practices* Demonstrated experience leading regulatory compliance activities* Proven ability to develop project plans and independently coordinate and complete projects* Excellent written and verbal communication skills, including a demonstrated ability to clearly provide written reports that accurately and clearly summarize issues and present solutions in an understandable and logical manner* Proven ability to influence others' actions and decisions without express authority* Proven ability to analyze complex laws and regulations and relate those laws to procedures of assigned areas* Demonstrated ability to develop and maintain productive business relationships with internal partners and external regulators* Excellent analytical skills and ability to exercise sound judgement in the development and selection of compliance programs and solutions. Proficiency in Microsoft Office other utility applications* Demonstrates knowledge of database programming capabilities* Strong analytical and program solving skills are required to interpret data and draw conclusions* Prior leadership experience or progressively responsible Department/Bank experience* Ability to coach and mentor others* Ability to provide conflict resolution* Strong ability to successfully balance competing priorities in a fast-paced environment**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 #J-18808-Ljbffr