at TD Bank in Lewiston, Maine, United States
Job Description
Work Location:
Mount Laurel, New Jersey, United States of America
Hours:
40
Pay Details:
$91,000 – $136,240 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.
Line of Business:
Risk Management
Job Description:
Dept Overview:
The Group Risk Specialist is a 1B governance function in Credit Risk Management to ensure compliance with Operational Risk Management programs. Primary responsibilities include execution of Risk and Control Self-Assessments (RCSAs), Control Testing, Issues Management, creation and monitoring of Key Indicators (KIs), Change Governance for change initiatives, etc. The Group Risk Specialist works closely with the 1A teams in Credit Risk Management, the Operational Risk 2A Partners, and other risk partners to complete timely deliverables.
A day in the role can be independent work preparing for an upcoming RCSA meeting with 1A stakeholders through review of prior RCSA documents, 1A procedures, operational risk reporting, audit/regulatory findings, RCSA standards, guidelines, and related training decks. Another example can be leading RCSA meetings with 1A stakeholders to discuss applicable risk statements, assigning inherent risk ratings and identifying and writing control statements. Days also include responding to risk partner challenge, imparting program guidance, seeking clarification from program subject matter experts, leading walkthrough meetings to understand the design effectiveness of 1A controls, establishing testing criteria and steps, performing control testing, identifying control weaknesses/gaps and monitoring remediation activities through closure.
The Group Risk Specialist provides a comprehensive and diverse range of risk management expertise to business leaders. Leads and supports the implementation of appropriate risk frameworks and leading related management activities to mitigate enterprise and/or business-wide risk exposures for key business segment of the Bank or functional area. May provide oversight, commentary, and recommendations based on overall strategy and industry best practices.
Depth & Scope:
+ Highly seasoned professional role requiring substantial knowledge/expertise in a complex field and knowledge of broader related areas
+ Integrates knowledge of the enterprise sub-function’s or business line’s overarching strategy in developing solutions across multiple functions or operations
+ Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services
+ Acts as a technical expert/lead integrating cross-function understanding within their own field of specialty; may manage team(s) of related specialists
+ Leads cross-functional teams or projects with significant resource requirements, risk and/or complexity
+ Independently manages end-to-end functional programs
+ Solves or may lead others to solve complex problems; leads efforts or partners with others to develop new solutions
+ Uses sophisticated analytical thought to exercise judgement and identify solutions
+ Impacts the achievement of sub-function or business line objectives within the area they are accountable for
+ Work is guided by policies and industry standards/methods
+ Communicates difficult concepts; converts information to compelling business context and advice; influences and gains alignment across increasingly senior stakeholders
+ Works autonomously as the lead and guides others within area of expertise
Education & Experience:
+ Undergraduate degree or technical certificate and/or
+ 7+ years relevant experience
+ Advanced knowledge of risk management governance, programs, policies, practices, operating frameworks & reporting for business supported and/or area of discipline
+ Knowledge of risk management environment, standards, regulations and mitigation
+ Knowledge of current and emerging competitor and market trends
+ Ability to establish goals and objectives which support the strategic plan
+ Ability to lead, plan, implement, and evaluate program/project activities to ensure completion of initiatives
+ Skill in mentoring and coaching
+ Advanced skill in using analytical software tools, data analysis methods and reporting techniques
+ Skill in using computer applications including MS Office
+ Ability to communicate effectively in both oral and written form
+ Ability to work collaboratively and build relationships across teams and functions
+ Ability to work successfully as a member of a team and independently
+ Ability to exercise sound judgement in making decisions
+ Ability to analyze, organize and prioritize work while meeting multiple deadlines
+ Ability to handle confidential information with discretion
Preferred Qualifications:
+ Risk and Control Self Assessment (RCSA) experience highly preferred
Customer Accountabilities:
+ Leads the development and/or implementation of specific standards, policies and/or processes that identify, report on and mitigate operational (or all major) risk exposures within the business
+ Proactively analyzes potential risks and ensures escalation of key risks to appropriate areas and/or executive review with business executive findings and action plans to mitigate and manage these risks
+ Establishes and provides on-going analysis and reporting on operational risk and/or other major risk categories as applicable to own business or functional area, and reviews findings and action plans with business leaders to mitigate and manage key issues
+ Coordinates and/or guides activities relating to core operational risk disciplines/programs including, Risk & Control Self-Assessment, Business Continuity Management, Outsourcing & Vendor Management, Regulatory Compliance (e.g. CDIC, AML, Privacy, IDA, CBA, SOX, Basel etc.)
+ Supports enterprise-wide operational risk escalation, review and approval processes, data management, policies and risk assessment processes
+ Directs the development and monitoring of Key Risk Indicators and facilitate communication and resolution of risk issues among other business segments where applicable
+ May be accountable for managing ancillary operational risk areas (e.g. BCM/incident management, outsourcing/vendor management, fraud aggregation and assessment, Basel implementation/capital analysis, change management, Privacy, AML, LCM and other regulatory issues), in addition to core functions
+ May be responsible for providing support for other major risk areas (e.g. Market, Credit, Reputational and/or Regulatory risks etc.)
+ May be a point of contact for guidance in the monitoring/reporting of compliance, management, and strategic initiatives
+ Provides broad/deep commentary in support of the development/maintenance/oversight of policies/procedures/practices, as required
Shareholder Accountabilities:
+ Adheres to enterprise frameworks or methodologies that relate to activities for our business area
+ Ensures respective programs/policies/practices are well managed, meet business needs, comply with internal and external requirements, and align with business priorities
+ Consistently exercises discret
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