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

TD Bank

Nov 7

Job
Full-time
Expert Level
Legal
London
Quick Apply

AI generated summary

You must provide compliance expertise, manage relationships, oversee compliance programs, ensure regulatory obligations, and develop staff skills while demonstrating strong interpersonal abilities.
You will provide compliance expertise, manage stakeholders, oversee AML, legal, and privacy programs, and mentor your team while ensuring regulatory compliance in the UK.

Requirements

Job Requirements:
Provide 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 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 review's 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 Internal
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
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 review's 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 ant-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 job title for this position?

The job title is UK CCO and local Head of COLA (Compliance, Legal, AML & Privacy) UK.

Where is the work location for this role?

The work location is in London, United Kingdom.

What are the working hours for this position?

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

What line of business does this role fall under?

This role falls under the Compliance line of business.

What is the reporting structure for this job?

This position reports to the Regional Head of Europe (locally) and to the Global CCO, TD Securities (functionally).

What are the main responsibilities of the UK CCO?

The main responsibilities include oversight of compliance functions, local management of legal, AML, and privacy, executing compliance programs, and providing advice to senior management regarding regulatory obligations.

What level of experience is required for this role?

The position requires extensive experience in compliance, legal, AML, and privacy, along with strong leadership and stakeholder management skills.

Is there a requirement to represent TD Bank externally?

Yes, the position represents TD Bank in the industry through interactions with regulators and industry peers.

What types of training and development opportunities are provided?

TD provides regular development conversations, access to an online learning platform, and various mentoring programs to support career growth.

Are there accommodations available during the recruitment process?

Yes, accommodations are available upon request for applicants who require assistance during the recruitment and interview process.

What is included in the Total Rewards package?

The Total Rewards package includes a base salary, health and well-being benefits, medical coverage, paid time off, career development, and recognition programs.

How does TD support employee development?

TD supports employee development through regular career conversations, training programs, and mentorship opportunities aimed at helping colleagues identify and pursue career paths aligned with their goals.

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