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Director, Enterprise Risk

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TD Bank

13d ago

  • Job
    Full-time
    Expert Level
  • Banking & Finance
  • Dublin

AI generated summary

  • You need an undergrad degree, expertise in Enterprise Risk Management, knowledge of risk practices, project delivery experience, strong communication skills, proficiency in PowerPoint and Excel, and strong organizational abilities.
  • You will lead ERM support for the EU Banking Licensing project, develop governance structures, enhance risk reporting, set Risk Appetite, and engage with SMEs on non-traditional risks.

Requirements

  • Undergraduate degree or technical certificate with relevant experience in Enterprise Risk Management. Individual can embed a deep understanding of enterprise risk management across the entity and support complex regulation-driven projects, supporting the CRO mandate.
  • Brings knowledge of banking landscape, strategic risk thinking, products and processes to encourage productive collaboration. Implements functional safeguards and skilled at breaking enterprise risk management concepts down to educate and evolve the understanding of risk management across organisations.
  • Exceptional understanding of risk management practices, processes and techniques and expertise in at least one Risk domain i.e., Credit, Market or Operational Risk Management.
  • An understanding of Capital Markets and key regulatory requirements and their impact on the business such as capital, liquidity and IRRBB.
  • Experience in programme / project delivery, preferably with banking licencing applications.
  • An excellent communicator adept at relationship management and engaging multiple stakeholders across multiple jurisdictions.
  • Has an exceptional ability to write and verbalise risk narrative for different audiences at a functional and regional level including translating project requirements into actionable deliverables.
  • Microsoft office skills - Proficiency in Microsoft PowerPoint and Excel skills.
  • Strong organizational skills with excellent attention to detail - ability to manage several deliverables across the spectrum of the licensing project concurrently and support existing BAU practices.

Responsibilities

  • Primary purpose of role is to provide ERM focused support for the new EU Banking Licencing project, lead the ERM workstream of the Authorisation Assessment Process and provide Risk expertise in the 3 core phases of the application: Exploratory, Draft Application and Application Phase.
  • Provide thought leadership and incorporate critical elements of Enterprise Risk Management / Governance into the Draft Application as follows:
  • Define the reporting and governance structures that underpin the effective implementation of ERM.
  • Preparation of project updates for Risk Committees and Boards e.g., Executive Risk Committees, Board Risk Committees, and Management Committees.
  • Connect-the-dots across risk information to convey the entity level risk story, while ensuring alignment in key messages and tone.
  • Identify development opportunities to enhance Risk reporting in line with Group requirements and local demands in line with net new requirements as defined by the authorisation assessment process.
  • Lead the completion, maintenance and updating of EAP Enterprise Risk programme information and documentation to meet both internal (e.g., Internal Audit) and regulatory requirements.
  • Support the implementation of Enterprise Risk frameworks, policies, standards, and procedures in coordination with the Group risk program and as required under the Banking Licence.
  • Lead the work to set Risk Appetite (including maintenance of the Risk Appetite Statement) for the new EU Bank entity and develop quarterly monitoring against agreed measures and capture in Executive Risk Committee and Board reporting. Continue to drive the maturity of the risk appetite programme across Dublin.
  • Develop and lead the annual production of the Risk Appetite Scorecard to review the EU Bank entity's performance against the Risk Appetite Statement over time.
  • Develop and embed EU Bank entity Risk Identification processes into established processes to inform risk identification and monitoring at senior executive and Board levels. Including but not limited to:
  • Quarterly Top, Emerging and Accepted Risk (TEAR) process.
  • Annual EU Bank entity Risk Register update.
  • Support the ongoing and active engagement with SMEs across TDBG/TDS to develop a local view and local expertise of non-traditional risks as applicable to the new EU Bank entity.
  • Provide input to the identification of material risks for the EU Bank entity ICAAP Economic Capital assessment and support the TDGF CRO in ICAAP documentation as required.
  • Assess and identify areas for improvement in the ongoing roll out of the ERM mandate in the region and as required for the new EU Bank entity.
  • Keep abreast of emerging issues, trends and the evolving regulatory requirement and assess the potential impact to the new EU Bank entity.
  • General TDGF CRO support as required for ERM and broader risk initiatives.

FAQs

What is the work location for this position?

The work location for this position is Dublin, Ireland.

What are the working hours for the Director, Enterprise Risk role?

The working hours for this role are 35 hours per week.

What is the primary responsibility of the Director, Enterprise Risk?

The primary responsibility of the Director, Enterprise Risk is to provide ERM focused support for the new EU Banking Licensing project and lead the ERM workstream of the Authorisation Assessment Process.

What skills are required for the Director, Enterprise Risk?

Required skills include exceptional understanding of risk management practices, strong communication and relationship management abilities, analytical skills, and proficiency in Microsoft PowerPoint and Excel.

Is experience in banking licensing applications preferred for this position?

Yes, experience in programme/project delivery, preferably with banking licensing applications, is preferred for this position.

What qualifications are needed for the Director, Enterprise Risk role?

An undergraduate degree or technical certificate with relevant experience in Enterprise Risk Management is needed, along with knowledge of banking landscapes and strategic risk thinking.

Will the successful candidate have exposure to various risk, business, and corporate function groups?

Yes, the successful candidate will gain an EAP-wide perspective of TDS and exposure to several risk, business, and corporate function groups.

Is the hiring organization committed to employee development?

Yes, the organization is committed to employee development through regular career conversations, training programs, and access to learning platforms.

What should a candidate do if they require accommodations during the recruitment process?

If a candidate requires accommodation, they should inform the organization, and they will work to meet those needs.

Which framework does the EAP Enterprise Risk Management team apply for risk management?

The EAP Enterprise Risk Management team applies the "Three Lines of Defence" model to risk management as defined in the Enterprise Risk Framework.

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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