UK CCO and local Head of COLA (Compliance, Legal, AML & Privacy) UK

TD Bank

18d ago

Job
Full-time
Expert Level
Legal
London

AI generated summary

You must have strong leadership and human relations skills, expertise in compliance, and a commitment to team development and integrity. UK work experience and SMF 16 qualification are essential.
You will provide compliance expertise, manage stakeholder relationships, oversee compliance programs, ensure regulatory obligations, lead teams, and develop staff while representing the bank externally.

Requirements

Work Location : London, United Kingdom
Hours: 35
Line of Business: Compliance
Pay Details: We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.
The position holds the SMF 16 Senior Management Function (SMF) responsibility in the UK
The position requires proactively interacting with industry peers and organizations to provide thought leadership to TD
The position requires expert human relations skills in working with other business units, departments, industry groups and external organizations.
Provide leadership, direction, advice and guidance to the team, thus maintaining high levels of integrity, motivation and morale.
Maintain staff competence by ensuring that staff skills or knowledge gaps are met with appropriate training and development, so they are able to perform to their maximum capability and fulfil their potential.
Initiate actions to further improve your own and the team's skills and performance, continuously look for opportunities for professional development.
Demonstrate TD's Shared Commitments in all professional and personal activities.

Responsibilities

Provides compliance subject matter expertise through advice and guidance to the business and holds the SMF 16 Senior Management Function (SMF) responsibility in the UK
The position represents TD Bank in the industry through interactions with regulators and with industry peers. The position requires proactively interacting with industry peers and organizations to provide thought leadership to TD
Maintains knowledge of industry trends and represents the Bank externally at appropriate forums
Influences and manages stakeholders including functional partners to understand when to escalate
Develops and maintains relationships with internal partners, jurisdictional regulators and with TD's senior management team, ensuring a high, positive public profile for the organization
Ensures TD Bank and TD Securities identifies and satisfies its regulatory obligations in the UK
Oversees a compliance program in the UK which includes:
provision of compliance advice to the business including; regulatory intake and analysis, responding to ad hoc queries, provision of input to formal projects, new products and business proposals, consideration of reputation risk matters, policy updates, training and assessing regulatory change
execution of risk-based compliance testing program including: formal risk assessment, business reviews, thematic reviews and testing, and surveillance and logging, escalation and ensuring resolution of relevant items
execution of various core compliance processes including: regulatory liaison, reporting registrations, licensing, gifts & entertainment, employee trading, conflicts, projects and breaches
Oversees, for local reporting purposes, the execution of a risk-based anti-money laundering and anti-bribery program by the AVP, Global Anti-Money Laundering, holding the SMF 17 registration
Oversees, for local reporting purposes, the provision of legal advice, and management of external legal providers, by the Senior Counsel, UK
Oversees, for local reporting purposes, the provision of data and personal privacy oversight and advice by the EAP Data Privacy Officer
Oversees the day-to-day management of the SMCR programme and ensures TD's ongoing compliance with regulatory requirements in this regard
Facilitates co-ordination between Legal, Anti-Money Laundering, Privacy and Compliance teams in regional offices within the UK.
Facilitates coordination with other internal control functions as required, e.g. Internal Audit and Operations.
The position requires expert human relations skills in working with other business units, departments, industry groups and external organizations. The position must impart similar skills to subordinates and provide an environment conducive to the generation of new ideas and concepts. Personal development opportunities, motivation and direction are provided to subordinates and the position appraises their performance in view of job requirements and planned objectives.
The position provides advice and counsel to senior management in the UK and COLA functional leaders outside of Europe and ensure that matters are escalated to each in a timely and appropriate fashion.
The position provides executive oversight and judgement to leaders who lead teams of professionals which provide Legal, Compliance, Anti-Money Laundering, and Privacy support in the UK.
The position provides coaching and feedback to direct reports to grow and develop the team and build succession.
Individual responsibilities and time spent on compliance duties and local management of Legal, GAML, and Privacy may change over time depending on business needs.
Provide leadership, direction, advice and guidance to the team, thus maintaining high levels of integrity, motivation and morale.
Maintain staff competence by ensuring that staff skills or knowledge gaps are met with appropriate training and development, so they are able to perform to their maximum capability and fulfil their potential.
Initiate actions to further improve your own and the team's skills and performance, continuously look for opportunities for professional development.
Demonstrate TD's Shared Commitments in all professional and personal activities.

FAQs

What is the work location for the UK CCO and local Head of COLA position?

The work location is London, United Kingdom.

What are the working hours for this position?

The working hours are 35 hours per week.

Who does the UK CCO report to?

The UK CCO reports to the Regional Head of Europe locally and to the Global CCO functionally.

What are the primary responsibilities of the UK CCO?

The primary responsibilities include overseeing Compliance functions, local oversight of Legal, AML and Privacy for TD Securities and TD Bank operations in the UK, ensuring adherence to FCA Business Standards compliance, and managing compliance programs.

Does this position require any specific regulatory responsibilities?

Yes, the position holds SMF 16 Senior Management Function responsibility in the UK.

Is there a focus on stakeholder management in this role?

Yes, the position requires influencing and managing stakeholders, including functional partners, and developing relationships with internal partners and jurisdictional regulators.

What kind of experience is required for the role?

The role requires expertise in compliance, legal, anti-money laundering, and privacy functions, as well as human relations skills to effectively collaborate with other business units and external organizations.

What training and development opportunities are offered for this position?

The organization provides training and onboarding sessions, regular development conversations, mentorship programs, and an online learning platform to support continuous skill development.

Are there any specific internal collaborations mentioned for this role?

Yes, the role facilitates coordination between Legal, Anti-Money Laundering, Privacy, and Compliance teams, as well as with other internal control functions such as Internal Audit and Operations.

What is TD's commitment to colleague growth and development?

TD is committed to supporting colleagues' growth through development conversations, training programs, and by providing opportunities for career advancement and skill enhancement.

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