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AVP, FCRM and Chapter Lead, KYC, Monitoring and Reporting, Canada

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TD Bank

Oct 16

  • Job
    Full-time
    Expert Level
  • Government & Politics
    Banking & Finance
  • Toronto
  • Quick Apply

AI generated summary

  • You need AML expertise, strong risk acumen, effective communication skills, leadership ability, collaboration, negotiation skills, organizational prowess, and a solid understanding of Canada’s AML regulations.
  • You will lead KYC enhancements, oversee compliance frameworks, drive monitoring processes, and serve as a key stakeholder liaison while ensuring effective risk management and continuous improvement.

Requirements

  • Deep expertise in Anti Money Laundering, Anti-Terrorist Financing and Sanctions
  • Strong risk acumen – challenges the status quo; has a sense of where things could go wrong and proactively manages to avoid / minimize the risks
  • Proven ability in leveraging deep risk expertise to align teams to a central vision, while also listening and engaging others to provide input in the shaping of that vision
  • Skillful communication (written and verbal) and ability to write senior executive level communications and reports
  • Ability to work in ambiguity and decomplexify issues; Strong work ethic and ability to execute with speed
  • Recruits top talent; manages and motivates a diverse group of professionals
  • Strong people leader who possesses the ability to effectively work in teams across the bank with multiple stakeholders and to influence and align others
  • Strong collaborator who engages colleagues, business partners and external stakeholders.
  • Demonstrates negotiation and partnership skills to balance stakeholder input but remains objective to reach the right outcome - ability to stay resilient under pressure
  • Robust organizational skills with the ability to work in a fast-paced environment and manage multiple deadlines and priorities
  • Strong knowledge of the AML regulatory environment in Canada is a requirement
  • Undergraduate degree required; Post Graduate degree preference

Responsibilities

  • Provide strategic direction to support delivery of sustainable enhancements to TD's Know Your Customer (KYC) Programs.
  • Lead the implementation of a consequence management framework for non-compliance with KYC requirements.
  • Provide advice and assist the business with KYC self service solutions.
  • Drive consistent KYC monitoring processes.
  • Lead the establishment of feedback loops between investigations teams and the lines of business.
  • Identify linkages between KYC requirements and other components of the financial crimes risk management framework to enable the design of an interconnected and efficient strengthened FCRM Program.
  • Keep current on emerging issues, trends, and evolving regulatory requirements and assess potential impacts to the KYC workstream.
  • Responsible for end-to-end leadership delivery of the Transaction Monitoring & Reporting workstream.
  • Lead the advancement of the banks transaction monitoring capabilities including Governance, standards, coverage assessment methodology and procedures.
  • Enhance the Unusual Transaction Reporting Program including processes, controls, reporting, training etc.
  • Drive the enhancement of the UTR strategic tool, which involves coordination among the various Line of Business stakeholders, other Financial Crime partners, and Financial Crime Risk Management Operations.
  • Enhance the monitoring program for cash intensive customers and monetary instruments.
  • Serve as the focal point for all interactions/escalations with internal and external stakeholders on the KYC and Monitoring and Reporting workstreams.
  • Deliver frequent written and verbal reporting to senior management and the Board on progress against the KYC, Monitoring and Reporting workstream deliverables.
  • Proactively identify key business opportunities, research, and recommends enhancements / modifications, develops strategies to achieve recommendations in the workstreams and work closely with colleagues and partners to execute and implement.
  • Review deliverables/solutions for technical compliance and practicality.
  • Provide leadership and guidance to the project team and other stakeholders to ensure appropriate record keeping and artifacts are maintained/stored for clear transparency and auditability.
  • Anticipates emerging obstacles and proactively removes barriers to successful achievement of the program.
  • Contributes to the strategy and long-term planning activities for Financial Crime Risk Management.
  • Fosters a continuous improvement mindset and proposes enhancements to the program informed by industry trends and best practices.
  • Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite.

FAQs

What is the primary responsibility of the AVP, FCRM and Chapter Lead, KYC, Monitoring and Reporting role?

The primary responsibility is to lead workstreams to enhance TD's KYC program and its monitoring and reporting processes, ensuring alignment with regulatory requirements and best practices.

Who will the AVP report to?

The AVP will report to the Vice President, FCRM, Risk and Business Controls.

What qualifications are required for this position?

An undergraduate degree is required, with a preference for a postgraduate degree. Additionally, deep expertise in Anti Money Laundering, Anti-Terrorist Financing, and Sanctions is essential.

What skills are necessary for success in this role?

Key skills include strong risk acumen, skillful communication (both written and verbal), ability to work in ambiguity, strong leadership and people management skills, and robust organizational abilities.

What experience is preferred for candidates applying for this position?

Candidates should have strong knowledge of the AML regulatory environment in Canada and proven ability in leveraging risk expertise to align teams to a central vision.

How does TD support colleague development in this role?

TD provides regular leadership and development conversations, mentorship, training programs, and access to an online learning platform to help colleagues realize their potential.

What is the work schedule for this position?

The position has a standard work schedule of 37.5 hours per week.

Are there opportunities for advancement within TD?

Yes, TD is committed to helping colleagues identify opportunities for advancement through career development conversations and support.

How does TD approach compensation for this role?

TD is committed to providing fair and equitable compensation and encourages candidates to have open discussions with HR regarding pay details.

What is the focus of the Monitoring and Reporting workstream in this role?

The focus is on leading the delivery of the Transaction Monitoring & Reporting workstream, enhancing transaction monitoring capabilities, and improving the Unusual Transaction Reporting Program.

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TD Bank

Finance
Industry
10,001+
Employees

Mission & Purpose

Headquartered in Toronto, Canada, the Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD had CDN$1.9 trillion in assets on July 31, 2023. TD also ranks among the world’s leading online financial services firms, with more than 16 million active online and mobile customers. TD offers a full range of financial products and services to over 27.5 million customers worldwide through four key business lines: - Canadian Personal and Commercial Banking including TD Canada Trust, Business Banking, and MBNA - U.S. Retail including TD Bank, America’s Most Convenient Bank, TD Auto Finance (U.S.), TD Wealth (U.S.) and TD’s investment in Schwab - Wealth Management & Insurance including TD Wealth (Canada), TD Direct Investing, and TD Insurance - Wholesale Banking including TD Securities and TD Cowen

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