Regulatory Liaison Officer

TD Bank

Oct 10, 2024

Job
Full-time
Senior & Expert Level
Government & Politics
Legal
Dublin
Quick Apply

AI generated summary

You must meet CBI's Fitness & Probity Standards, act ethically, comply with regulations, report violations, and ensure effective management and adherence to TD Policies.
You will review regulatory submissions, prepare reports, coordinate examinations, lead stakeholder meetings, ensure compliance, manage risks, and support remediation projects while fostering regulator relationships.

Requirements

You must hold confirmation that you have been assessed as meeting the CBI's Fitness & Probity Standards before commencing their controlled function job, and on an annual basis thereafter.
The designated Controlled Functions (CFs) of this role are:
CF 1 - Ability to exercise a significant influence on the conduct of the regulated financial service provider.
This role is not in scope under the Senior Executive Accountability Regime "SEAR".
You must observe proper standards of market conduct.
It is your responsibility to demonstrate that you take reasonable steps to be fully aware of, understand and comply with all regulatory requirements from all regulatory bodies that are applicable to your business.
You will promptly report to your supervisor(s) or manager(s) any instances in which you are aware of any violation or possible violation of such regulatory requirements by yourself or others.
In particular, as a Controlled Function for the purposes of the CBI's Fitness and Probity Regime (F&P), you must be aware of and comply with your obligations under these regimes.
The F&P Standards require that a person must be:
Competent and capable;
Act honestly, ethically and with integrity; and
Be financially sound.
The following Conduct Standards apply to you:
Acting with Honesty and Integrity
Acting with Due Care and Diligence
Co-operating in Good Faith and Without Delay
Acting in the Best Interests of Customers and Treating Them Fairly and Professionally
Operating in Compliance with Standards of Market Conduct and Trading Venue Rules
In addition, that the business of the regulated financial service provider is controlled effectively
That the business of the regulated financial service provider is conducted in accordance with its obligations under financial services legislation
That any delegated tasks are assigned to an appropriate person with effective oversight
That any information of which the Central Bank would reasonably expect notice in respect of the business of the regulated financial service provider is disclosed promptly and appropriately to the Central Bank
It is your responsibility to demonstrate that you are fully aware of and adhere to internal TD Policies that relate to you, your business or other businesses for which you have any level of responsibility.
It is your responsibility to read, understand and comply with TD's Code of Conduct and Ethics (Code) and corresponding regulations.
You must act with integrity and due skill, care and diligence in carrying out your duties.
Your actions should always be able to satisfy high standards of scrutiny.
Management should be kept fully informed at all times of all Regulatory and Compliance issues.
You must deal with TD Management, Compliance, regulators and all control functions in an open and cooperative way and must disclose appropriately any information which TD Management, Compliance, regulators or control functions would reasonably expect to know.
You must ensure that you are fully aware of your management reporting lines and escalation procedures.
If you are a Manager/Supervisor you are also responsible for ongoing and effective supervision of the employees under your direction and ensure their adherence to regulatory requirements.
You must take reasonable steps to demonstrate that you exercise due skill, care and diligence in managing and/or delegating your responsibilities outlined, appropriately.
It is your responsibility to be fully aware of:
The scope of your management responsibilities.
The TD Policies and regulatory requirements pertaining to the business/activities you are managing.
The competence level of the staff, if any, reporting to you.
The control limits and your ability, if any, to delegate them within your business.
Demonstrate that you receive adequate and appropriate management reporting.

Responsibilities

Providing independent review/challenge of all regulatory submissions received from the various regulators, fostering strong collaborative relationships with TDGF IMC members and functional leadership across TD.
Preparing & submitting regulatory reports to ECB, CBI, SRB adhering to specific reporting standards.
Facilitating & coordinating regulatory examinations initiated by the ECB, CBI, SRB, ensuring timely & accurate responses, coordinating responses to regulator information requests and managing regulator meetings.
Leading the coordination of firm responses to follow up regulator requests, including monitoring of corrective actions arising from regulatory examination.
Leading internal stakeholder meetings to discuss progress in corrective actions
Coordination of pre-examination readiness efforts, internal preparation meetings, meetings with examination and on-site teams, touch point meeting with Bank personnel and management, and post examination close.
Collaborating closely with Compliance legal, risk, finance, and other departments, emphasizing the alignment of internal practices with ECB, CBI, SRB expectations and escalating risks and/or issues in a timely manner.
Providing advice and support to large-scale regulatory remediation projects with respect to regulatory expectations and reviewing and challenging closure documentation.
In support of Compliance and Legal teams, assessing the implications of new regulations on the Banks’ businesses, customers and products to ensure the Bank will be compliant.
Maintaining Policies and Procedures on communication with and from the regulators
Identifying future threats to our relationships with regulator and ensuring strategies are in place to prevent the threat from damaging our relationship.
Favourable outcomes in regulatory reviews
Timely, effective and sustainable findings remediation
Accurate threat assessments and strategies
Ensure the proper data infrastructure is in place for the evaluation of risk
Active engagement in aligning TD's strategy with a strong, sustainable proactive risk culture and appetite
Identify emerging risks and emerging systemic regulatory themes
Talent management/people development (acquisition/retention/succession)
Responsible for identifying and reporting Operational Risk Events in accordance with policy
Responsible, along with all colleagues, to contribute in a positive way to TDGF's reputation and the management of Reputational Risk. Every employee is expected and required to follow ethical practices at all times, including compliance with applicable policies, legislation and regulations and support positive interactions with TDGF's stakeholders including clients, industry bodies, industry participants, public bodies, regulators and vendors.
Responsible for good conduct and for contributing to the identification and management of Conduct Risk within their team and function

FAQs

What is the work location for the Regulatory Liaison Officer position?

The work location for the Regulatory Liaison Officer position is Dublin, Ireland.

What are the working hours for this role?

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

What level is the Regulatory Liaison Officer position?

The Regulatory Liaison Officer position is classified as L10.

Is this role regulated?

Yes, this role is categorized as a regulated position under the Central Bank of Ireland's regulations.

What are the primary responsibilities of the Regulatory Liaison Officer?

The primary responsibilities include managing the relationship with the Central Bank of Ireland, preparing regulatory reports, coordinating regulatory examinations, and collaborating with various departments to ensure compliance.

Will this role require communication with multiple regulatory bodies?

Yes, the role involves communication with the Central Bank of Ireland, European Central Bank, and the Single Resolution Board.

Does the role have direct reports?

No, the Regulatory Liaison Officer position does not have any direct reports.

What is the reporting structure for this role?

The Regulatory Liaison Officer reports to the Chief Compliance Officer of TD Global Finance Unlimited Company.

What is the focus of risk management responsibilities in this role?

The focus includes identifying and reporting operational risk events, managing reputational risk, and upholding ethical practices at all times.

Are there any specific qualifications required for this role?

Job holders must meet the Central Bank of Ireland's Fitness & Probity standards and demonstrate competence, integrity, and financial soundness.

Will there be opportunities for professional development in this position?

Yes, TD is committed to supporting colleague development through training programs, mentorship, and regular performance conversations.

Is there any mention of compensation discussions in the job description?

Yes, candidates are encouraged to have an open dialogue with the HR Team regarding compensation-related questions.

Are there any accommodations available for the recruitment process?

Yes, if you require accommodations for the recruitment or interview process, you should let the organization know, and they will work with you to meet your needs.

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