TD Securities
Senior FCRM Compliance Officer - Prime Brokerage Oversight
TD Securities, New York, New York, us, 10261
Senior FCRM Compliance Officer - Prime Brokerage Oversight
Work Location:
New York, New York, United States of America
Hours:
40
Line Of Business:
Compliance
Pay Detail:
$100,000 - $115,000 USD
TD 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.
Position Summary The U.S. FCRM TDS Business Oversight team supports TD Securities in developing, implementing, and maintaining a robust financial crime risk management (“FCRM”) program that meets regulatory requirements and mitigates financial crime risk. This involves providing guidance on regulatory compliance, close partnership with business and legal, and operationalizing requirements and regulations for the Wholesale business. The team provides advice across the full spectrum of TDS customers, products, transactions, and FCRM‑related processes. The team mandate includes regulatory compliance, program remediation, risk management, and program development. Key components are:
Design, implement, enhance and maintain the TDS U.S. FCRM program.
Advise TDS Operations and other 1st line support functions on interpretation of and compliance with applicable financial crime laws, regulations, and guidance.
Provide oversight of, and credible challenge to, the first line of defense.
Provide customized training and to ensure that employees remain informed about changes in financial crime regulations and emerging money laundering typologies.
Assess and opine on financial crime risks of new products and mandates.
The Senior FCRM Compliance Officer is responsible for supporting the firm’s FCRM program and plays a key role within U.S. FCRM TDS Business Oversight.
Primary Duties Include
Demonstrate governance, control and risk management behaviors aligned with TD policies and practices.
Support oversight activities for the US Prime Brokerage business, including new business and product initiatives, customers and transactions.
Develop working relationships with line of business and operational support partners by providing oversight guidance on various issues.
Timely recognition of issues or concerns requiring escalation.
Assist with onboarding inquiries for prospective US Prime Brokerage customers.
Where required, advise Investigations' reviews of potentially suspicious activity, providing subject‑matter knowledge to support the investigations process.
Gain working knowledge of other business lines within the TDS space.
Participate in the annual enterprise‑wide AML/BSA/Sanctions/ABAC risk assessment process, as required.
Conduct targeted AML/OFAC training, as appropriate.
Conduct periodic testing of AML functions as mandated by the Periodic AML Testing Program.
Participate in special projects, including assisting with adherence to enterprise‑wide initiatives including global policies and governance.
Assist with regulatory and audit requests.
Provide backup to general AML compliance functions such as surveillance reviews, section 312 reviews and TD affiliates due diligence reviews.
Complete all tasks within required timeframes.
Qualifications / Skills / Experience
Bachelor’s degree required (exceptional candidates demonstrating an equivalent combination of relevant education and experience will be considered).
5 to 7 years of knowledge and experience in FCRM compliance, preferably within the prime brokerage division of a large financial institution.
Strong verbal and written communicator with detail‑oriented nature.
Strong subject matter knowledge of compliance risks and controls for a financial institution; focus on Anti‑Money Laundering compliance.
Ability to identify and evaluate potential risks to the Firm and escalate accordingly.
Project management and strategic thinking skills.
Working knowledge of one or more sanctions screening and AML surveillance applications is desirable.
Proficiency with Microsoft Word, Excel and PowerPoint.
Depth & Scope
Works independently as the senior officer and may coach and educate others.
Individual contributor role providing specialized expertise or may lead a small team of specialists.
Considered a subject‑matter expert within a given area working closely with business partners, auditors and/or regulators.
Contact for business management, regulators and external/internal auditors with assistance from Management, dealing with routine information.
Provides day‑to‑day interaction and support to Management.
Oversees/executes and/or performs tasks from end to end.
Focuses on short to mid‑term issues (e.g. monthly‑quarterly).
Education & Experience
Bachelor’s degree or progressive work experience.
5‑7 Years of related experience.
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
Accommodation & Equal Opportunity TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law. If you are an applicant with a disability and need accommodations to complete the application process, please email 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 applicant process.
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New York, New York, United States of America
Hours:
40
Line Of Business:
Compliance
Pay Detail:
$100,000 - $115,000 USD
TD 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.
Position Summary The U.S. FCRM TDS Business Oversight team supports TD Securities in developing, implementing, and maintaining a robust financial crime risk management (“FCRM”) program that meets regulatory requirements and mitigates financial crime risk. This involves providing guidance on regulatory compliance, close partnership with business and legal, and operationalizing requirements and regulations for the Wholesale business. The team provides advice across the full spectrum of TDS customers, products, transactions, and FCRM‑related processes. The team mandate includes regulatory compliance, program remediation, risk management, and program development. Key components are:
Design, implement, enhance and maintain the TDS U.S. FCRM program.
Advise TDS Operations and other 1st line support functions on interpretation of and compliance with applicable financial crime laws, regulations, and guidance.
Provide oversight of, and credible challenge to, the first line of defense.
Provide customized training and to ensure that employees remain informed about changes in financial crime regulations and emerging money laundering typologies.
Assess and opine on financial crime risks of new products and mandates.
The Senior FCRM Compliance Officer is responsible for supporting the firm’s FCRM program and plays a key role within U.S. FCRM TDS Business Oversight.
Primary Duties Include
Demonstrate governance, control and risk management behaviors aligned with TD policies and practices.
Support oversight activities for the US Prime Brokerage business, including new business and product initiatives, customers and transactions.
Develop working relationships with line of business and operational support partners by providing oversight guidance on various issues.
Timely recognition of issues or concerns requiring escalation.
Assist with onboarding inquiries for prospective US Prime Brokerage customers.
Where required, advise Investigations' reviews of potentially suspicious activity, providing subject‑matter knowledge to support the investigations process.
Gain working knowledge of other business lines within the TDS space.
Participate in the annual enterprise‑wide AML/BSA/Sanctions/ABAC risk assessment process, as required.
Conduct targeted AML/OFAC training, as appropriate.
Conduct periodic testing of AML functions as mandated by the Periodic AML Testing Program.
Participate in special projects, including assisting with adherence to enterprise‑wide initiatives including global policies and governance.
Assist with regulatory and audit requests.
Provide backup to general AML compliance functions such as surveillance reviews, section 312 reviews and TD affiliates due diligence reviews.
Complete all tasks within required timeframes.
Qualifications / Skills / Experience
Bachelor’s degree required (exceptional candidates demonstrating an equivalent combination of relevant education and experience will be considered).
5 to 7 years of knowledge and experience in FCRM compliance, preferably within the prime brokerage division of a large financial institution.
Strong verbal and written communicator with detail‑oriented nature.
Strong subject matter knowledge of compliance risks and controls for a financial institution; focus on Anti‑Money Laundering compliance.
Ability to identify and evaluate potential risks to the Firm and escalate accordingly.
Project management and strategic thinking skills.
Working knowledge of one or more sanctions screening and AML surveillance applications is desirable.
Proficiency with Microsoft Word, Excel and PowerPoint.
Depth & Scope
Works independently as the senior officer and may coach and educate others.
Individual contributor role providing specialized expertise or may lead a small team of specialists.
Considered a subject‑matter expert within a given area working closely with business partners, auditors and/or regulators.
Contact for business management, regulators and external/internal auditors with assistance from Management, dealing with routine information.
Provides day‑to‑day interaction and support to Management.
Oversees/executes and/or performs tasks from end to end.
Focuses on short to mid‑term issues (e.g. monthly‑quarterly).
Education & Experience
Bachelor’s degree or progressive work experience.
5‑7 Years of related experience.
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
Accommodation & Equal Opportunity TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law. If you are an applicant with a disability and need accommodations to complete the application process, please email 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 applicant process.
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