FAQs
What is the primary responsibility of the Head of Audit Sanctions, Anti-bribery, Fraud, Insider Risk and TDS FinCrime?
The primary responsibility is to oversee, plan, and execute audit activities for Financial Crimes across various TD Bank US segments and entities, while maintaining strong relationships with stakeholders and developing a complex risk-based audit plan.
What kind of experience is required for this position?
A minimum of 10+ years of related experience is required, along with previous experience in developing and executing strategies within a large complex global organization, preferably in Financial Services.
What educational qualifications are needed for this role?
An undergraduate degree is required, and a postgraduate degree is preferred. Professional accreditations such as Chartered Professional Accountant, Certified Public Accountant, Certified Anti-Money Laundering Specialist, or Certified Internal Auditor would be advantageous.
What are some of the key programs that the Head of Audit will cover?
The Head of Audit will be responsible for programmatic coverage of the US-bank wide Sanctions Program, Anti-bribery Program, Fraud risk management, Insider risk, TD Securities Financial Crimes Program, and the NY Branch Financial Crimes Program.
How does this role interact with stakeholders and regulators?
The Head of Audit maintains an effective and independent relationship with all Key Stakeholders, providing regular interaction and escalating issues as necessary, while also liaising with regulators to address matters pertaining to the audit mandate.
What skills are essential for success in this leadership role?
Essential skills include strong people management and leadership abilities, collaboration and interpersonal skills, effective communication (both written and verbal), negotiation skills, and the capacity to build relationships and influence multiple stakeholders.
What is the importance of developing a risk-based Audit Plan?
Developing a risk-based Audit Plan is crucial as it ensures that the audits conducted are aligned with the highest risk areas, allowing for effective management of financial crimes and ensuring compliance with regulatory expectations.
What are the expectations regarding talent management in this role?
The role involves attracting, developing, and retaining talent, ensuring an active talent pipeline, and engaging in divisional priorities related to Talent Management, Career Development, and Diversity & Inclusion.
What qualities should the Head of Audit possess to effectively lead a team?
The Head of Audit should possess strong leadership qualities, including the ability to motivate and manage a diverse professional team, facilitate teamwork, and create a collaborative environment while driving performance results.
What is meant by "providing clear, comprehensive, and timely reporting on significant control matters"?
This means that the Head of Audit should regularly communicate findings related to controls, addressing any significant issues with relevant stakeholders promptly and in a manner that is thorough and understandable, in line with internal audit standards.