VP & Director, 1B Business Governance Control

TD Asset Management

Location: New York, NY

Job Description

• Maintain the regulatory compliance management ("RCM") program for the US Wealth Asset Management Businesses.

• Work with business stakeholders to develop key controls to adhere to regulatory requirements and vet regulatory mapping of policies and procedures and controls ("RCM Rule Mapping").

• Provide effective 1B challenge to ensure the effective design of controls owned by 1A business stakeholders.

• Implement a process to ensure the ongoing accuracy of control descriptions and control owners in the RCM Rule Mapping and related policies and procedures.

• In conjunction with Compliance define a regulatory rule change engagement model and support the businesses on implementation including providing training.

• Be a subject matter expert on interpreting the application of the regulatory requirements (securities, privacy, AML) for the businesses with support from Compliance and Legal.

• Prepare and maintain business compliance policies and procedures and incorporate reviews by multiple stakeholders.

• Assess and address impacts and gaps related to any ongoing business or regulatory changes.

• Work with the business to build out new processes or updates to existing processes to meet securities regulatory requirements and policy requirements.

• Support business on updating procedures for new processes/controls.

• Support governance over business activities by overseeing a sustainable Regulatory Compliance Supervision Framework that includes monitoring and testing that supports effective supervision practices and communication of the business risks, issues, and activities.

• Support the remediation process in collaboration with the businesses when control gaps are identified and work with the business in designing action plans to ensure continuous improvements while embedding a strong control and regulatory environment.

• Participate in change management initiatives as they arise by supporting the business on regulatory analysis and interpretation at both the approval and implementation stages of a change.

• Oversee the operation of effective and efficient processes that are aligned with TD Bank and TD Wealth policies.

• Support a culture of risk management and regulatory rule compliance throughout the businesses, supported by processes in alignment with risk appetite.

• Bring a strong understanding and experience of managing risk and regulatory requirements, challenge to the business and a strong focus on risk and regulatory governance and oversight.

• Protect the businesses interests by keeping abreast of business trends, risks, and control management issues and by maintaining a high level of knowledge of existing and emerging risk issues across the businesses.

• Establish strong relationships and maintain an interaction model with business partners, Compliance, and Legal.

Job Requirements :

• Must be eligible for employment under regulatory standards applicable to the position.

• Previous experience in a 1B role or compliance role within a bank owned asset manager.

• University degree in Business, Finance, or equivalent work experience. CPA is an asset.

• Solid understanding of asset management regulatory rules (securities, privacy, AML).

• Solid understanding of the Asset Management business and market practices.

• Auditing background with experience in designing key controls to meet regulatory requirements.

• Expert knowledge of compliance policies and procedures preparation and regulatory rule interpretation.

• Ability to understand and detect business control issues and assess their impacts on business goals and objectives.

• A proven collaborative approach to problem-solving, decision-making, consensus-building, and communication.

• High degree of organizational awareness, personal initiative with a strong ability to manage productive relationships with business partners and stakeholders.

• Expert communication skills including writing skills.

• Ability to exercise sound judgement in making decisions.

• Ability to work independently and prioritize work while meeting multiple deadlines and are highly motivated.

• Strong organizational skills and attention to detail.

• Expert knowledge of governance, risk and control procedures, strategies & tactics.